Take It To The Bank: Interest Rates Won't Rise - Keith Weiner (12/02/2018)
February 12, 2018
How Not to Predict Interest Rates
our hiatus from capital destruction to look further at interest rates. Last
week, our Report was almost prescient. We said:
The first thing we must say about this
is that people should pick one: (A) rising stock market or (B) rising interest
rates. They both cannot be true (though we could have falling rates and falling
We write these
Reports over the weekend. At the time of last week’s writing session, Friday’s
close on the S&P was 2757 (futures). Monday this week saw a crash, with the
S&P down to 2529 at the low point in the evening. That is a drop of -8.3%.
We are not
stock prognosticators, and we will neither tell you “short the market” nor “buy
the dip”. We have a different point to make.
interest rates, by a variety of mechanisms, cause stocks and all asset prices toRead More
About Article Author
Established in February 2008, Sprott Money Ltd. is a leading precious metals wholesale, institutional and retail dealer selling gold, silver and platinum bars, coins and wafers online and over the phone. Sprott Money's storage program gives clients the ability to store their precious metals in multiple storage facilities located in Canada, the United States and internationally. Sprott Money Blog, which covers world events, geopolitics and of course precious metals.
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