... and the rise of financial engineering - manifesting in a generational shift toward pure leverage.
"When they look back at this segment of history they will probably ask: What the hell were they thinking?!"
Reporter: "How is it possible that the DJIA loses 90% of it's value? ...
B.G.: "It is very simple, really. First, it loses 50% of it's value and then, 80%...
In an unmistakeable correlation, a higher short end of the curve means gold is relatively less attractive to own. This argument has strong claims on both reason and evidence... Hence, with a hikepending, watch for gold lower.
