Long Time No See Steemit 👋 👋 👀 👀
The global financial markets got me geeked up this morning & wanted to share.
Firstly, the bond market has been screaming bloody murder since yesterday
Sovereign bonds are not too stable or dependable when they move 3-7% in a day... & even less when they move 12% in a day.
Why the big moves in bonds? A large buying majority believes the business cycle is flipping & the fed will start cutting rates soon. Last time we had a rate cutting cycle was 2007. You know, the start of that whole financial crisis, but surely nothing bad will happen this time around. The highly ethical banking elite have everything under control 😂 🤣 😆 😂 😂
& just as interesting to me, Gold is popping into a price zone last seen about 2012! Are the big boys finally allowing gold to run or perhaps the price manipulation is failing? If they let true price discovery happen the momentum can become monumental. Breakouts coming soon. Gold rushes are real when trust dissipates.
Crazy times, I’ll let Prince take it away 🎸
RIP Prince & the post financial crisis (pre systemic change) business cycle!
Stay Smart Peoples