PART 01: Gold Slams! Rapid, huge sales in early morning hours are warnings about a malfunction deep within the plumbing of global capital flows. They're also multi-week, precipitous price declines. We review the last few months of gold price to triangulate if the pipes are rattling warnings.
PART 02: Foreigners were heavily selling US Treasuries in May 2021. Is this a GEOPOLITICAL plot? Is America's BANKRUPTCY imminent?!? Almost certainly not. We review the LONG HISTORY of foreigners selling US Treasuries in acute periods of dollar shortage. May's selling is a monetary warning.
PART 03: America's Covids Recession lasted only two months, says the National Bureau of Economic Research. But what if it wasn't a recession? What if 2007-09 wasn't a recession either? What if 2007-21 has been a depression? The Silent Depression.
-----SEE EPISODE 93-------
Alhambra YouTube: https://bit.ly/2Xp3roy
Emil YouTube: https://bit.ly/310yisL
-----HEAR EPISODE 93-----
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----EP. 93a REFERENCES----
Golden Collateral Checking: https://bit.ly/3j7HKmS
Alhambra Investments Blog: https://bit.ly/2VIC2wWlin
----EP. 93b REFERENCES----
Yet Another Key Warning Sign, Piece Of Strong Evidence: TIC & The Long Misunderstood History of Selling Treasuries: https://bit.ly/3yezqrV
RealClear Markets Essays: https://bit.ly/38tL5a7
----EP. 93c REFERENCES----
The Contraction Is Over, Which Means The Hard Part Only Begins
NBER Business Cycle FAQ: https://bit.ly/2TQqIkM
-----------WHO-------------
Jeff Snider, Head of Global Investment Research for Alhambra Investments and Emil Kalinowski. Art by David Parkins. Podcast intro/outro is "MUNEY" by Beiba from Epidemic Sound.