Inflation

What is history’s greatest illusion? Is it the Indian Rope Trick or is it performed by Houdini or maybe David Copperfield. No, this is an illusion which is so big that the whole world has fallen for...

Egon von Greyerz / September 11, 2019

The world is now standing before a seminal moment and virtually nobody can see it. There has not been a more critical moment in the last 50 years than what we are now facing. In 1971, the world faced...

Egon von Greyerz / August 29, 2019

It is not difficult to understand Cassandra’s enormous frustration. She was given the gift of accurately predicting important events and her curse was that no one would believe her. Some of us are cer...

Egon von Greyerz / July 25, 2019

Finally it happened although it took 6 long years to break through The Gold Maginot Line at $1,350!

This resistance was a lot stronger than the original French one in WW II since i...

Egon von Greyerz / June 27, 2019

The breakout in gold and silver that we have been patiently waiting for is now starting. The long term up move in the precious metals, which have been pausing since 2011, is now resuming. We can with...

Egon von Greyerz / June 14, 2019

The world financial system has been in a euphoric state since 2009. It seems that the Keynesians, like Krugman or the Modern Money Theorists (MMT) are right after all. All asset markets are near the h...

Egon von Greyerz / March 14, 2019

Imagine a casino full of slot machines that all guarantee a constant high return. All you need to do is to put in a bit of money and you will get an incredible income stream for life. Well, this is e...

Egon von Greyerz / February 28, 2019

The statement above is of course totally accurate for a country running budget and trade deficits for over half a century with a total debt, including unfunded liabilities, in the hundreds of trillion...

Egon von Greyerz / February 6, 2019

In 2019 the investment world will start to realise that asset markets don’t grow to heaven as stocks, bonds and property start their long journey down which will eventually lead to declines of 75% to...

Egon von Greyerz / January 17, 2019

We are now in the very final stages of the most remarkable era of alchemy in the history of finance. This cycle started in 1913 with the creation of the Fed and had its death knell in 1971 when Nixon...

Egon von Greyerz / December 14, 2018