Friday, June 21st 2019 - Issue #510

The race to the bottom is back on

We'll end the week on some Macro Talk here at the Ƀent as it seems that every central bank around the world is ready to restart the race to see who can devalue their currency the most. As you can see above and below, the US Federal Reserve seems primed to begin cutting rates and reigniting asset purchases in an attempt to "stoke economic growth" (lol). 
On top of this, at the same time, we have Mario Draghi from the ECB coming out and signaling that he may need to cut rates further and that more asset purchases may be in order. These comments made our president very unhappy here in the US. So unhappy that The Donald went as far to say that the ECB is using interest rates and asset purchasing as an economic weapon. (Ughhhh, ya think?!)   
All of this is going on while negative yielding debt is hitting all-time highs across the board. 
It's an absolute shit show out there, freaks. And through it all, it feels as if (at least to me) people are beginning to realize how absolutely assinine it is that our money is run in this fashion. As the dick flexing via interest rate manipulations and asset purchases begins to pick up in earnest, as our good friend Brendan points out, we should see flows into scarce assets like Bitcoin and Gold. In fact, we already are.  
Stay vigilant out there. Uncle Marty thinks things are only just starting to heat up on the global stage.
Final thought...

How does San Francisco just stand by as their city turns into a zombie wasteland? 

Enjoy your weekend, freaks.
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