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Steen Jakobsen: US Credit Cycle Peaked, Zero Growth Coming to Europe, Gold 1425 by Year End

MishTalk

Average Annual Inflation by Decade We need to stop talking deflation and using 1930s comparison on Fed hike. Central Bank Balance Sheets Excuse me? Hard even to see change in ECB balance sheet. Gold will be the best performer in commodity-led rally. We see 1425-1435 by year-end. Positive Gold and negative for US$?

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Reflections on 2013; What's Important, What's Not? What's Ahead?

MishTalk

Had I suggested in 2007 that the Fed balance sheet expansion of $75 billion a month would have been considered "tightening" people would have thought I was nuts. A similar crash in public opinion awaits Bernanke for fueling one of the biggest, if not the biggest stock and bond market bubbles in history. Here we are.