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Making sense of Junk bonds, Gold, and skyrocketing Insurance Premiums

Watch what they do, not what they say. Stocks are busy telegraphing the signal that ‘all is well!’ while bonds are sneaking out the back door.

The User's Profile Chris Martenson July 4, 2024
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The signs of economic weakness are spreading rapidly across the US landscape. The ISM services came in weaker than even the depths of the Covid debacle, housing and autos are stagnant (if not frozen in several markets), and inflation continues to eat into family budgets crushing consumer sentiment. At the same time, junk bonds (CCC) are busy sneaking out the back door, which is usually an early indication of financial difficulties being right around the corner.
Yet stocks serenely float ever higher. So, what gives?
In this week’s episode Paul Kiker and I discuss all of these issues and many more including the fact that central banks are openly and transparently buying gold while telling everyone about it.
To say the least, this is unusual and we should all endeavor to understand what’s really being said and take steps accordingly.


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