Editorials

Progressive activists are promoting 16 year old Swede, Greta Thunberg as the new face for global climate change activism.
Can Fed chairman Jerome Powell keep the stock market bubble going until the November presidential election? Will Iran continue its move towards nuclear weapons and cross Israel's red line in 2020?
The Congressional Budge Office projects the U.S. government plans to have annual deficits above $1 trillion every year for the next ten years.


The price of gold appears to be making a jail break to the upside after consolidation in November.
The repo cash injection and juiced stock market are scheduled to end in 2020. The cash injection is scheduled to be reversed. Markets appear to have become dependent upon a cash infusion high.
Commodities technical annalist Gary Wagner, of Gold Forecast.com, believes the price of gold has been building a base around $1,450 during a one month consolidation. He expects in the next leg up in the bull market, in early 2020 , the price of gold will rise to 1650 to 1700.
Credit manger Zoltan Pozsar with Credit Suisse predicts a bank liquidity crisis caused by a year-end scramble for reserves will cause the Fed to start a fourth round quantitative easing before year's end.
If the U.S. economy goes into a recession the Federal Reserve will use quantitative easing, or the monetization of treasury bonds, as a weapon against a monetary slow down.
Low interest rates and quantitative easing should extend the stock market bubble and keep the debt ridden U.S. consumer afloat until after the election. If President Trump obtains an interim trade deal with China, until after the election, this should seal his re-election chances in 2020.
U.S. and China's Central Banks have lost control of their overnight repo rates and are both are expected to devalue their currencies and flood their banking system with fiat money to avoid banking collapse.

© 2016 - 2020 Steve Johnston - All Rights Reserved.
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