Going into 2024 the CSPM™ asset allocation model looks like this: Equities overall, are rich. Long-Term Bonds face supply headwinds from large increases in debt and credit expansion. Shorter-Term Bonds and cash equivalents have attractive yields. Credit Spreads on Corporate Bonds are historically tight, agency mortgage spreads offer value. Allocation to[...]
Tag: Trends
Central Bank Gold Demand Is Even Stronger Than It Looks
Author: JOHN RUBINO When sales are actually purchases Central banks have morphed recently from net sellers of gold to increasingly aggressive net buyers. And the buying is even more aggressive than it seems. Here’s the story in three charts: When the global financial system nearly imploded in 2008, central banks stopped selling gold and started buying. To put this buying[...]