If the world retraces a century of evolution or more, it is clearly in for at least 50 years of very hard times… “Gold has no role in portfolio of wealthy clients” said the chief investment officer of Goldman Sachs’ private wealth management in the week that gold in...
Unfortunately, even if the Greater Recession leads to a lackluster U-shaped recovery this year, an L-shaped “Greater Depression” will follow later in this decade, owing to ten ominous and risky trends. The first trend concerns deficits and their corollary risks: debts...