BY QUOTH THE RAVEN
We have wrapped up another wild week for markets, in which my long held prognostication of markets moving lower due to rate hikes appears to be playing out as expected.
My long held prognostication of heading to a bar to watch the Masters this week also looks like it’s playing out as expected.
Once again, Fringe Finance had a successful week, with over 56,000 article views on site for the week and more than 50,000 views on other sites. I can’t thank you guys, from deep in the Fringe, for your continued support.
I have been writing throughout the recent rally higher that people should be paying attention to the coming downside and that the Fed is ultimately going to have to force the market lower. In fact, I’ve been predicting that the NASDAQ would crash since before inflation or Ukraine were either a problem.
When a friend casually asked me this week what I would be buying right now, my first inclination was to tell him nothing: I think stocks are heading lower, I think oil and gold have already made big moves higher, stocks I found interesting a couple weeks ago have caught a bid (here and here), and there’s really been nothing that sticks out at me individually that I find inspiring at this particular point in time.
But I gave it some deep thought, and these are the 3 ETFs I would buy if I had to start a portfolio with 3 ETFs today: 3 ETFs I Am Hoping Can Sidestep The Coming Recession
This week I also wrote about whether or not China was looking to head toward World War III with some comments they made early in the week.
I worry that the U.S. has overplayed its hand on a global scale and doesn’t have as much leverage – especially economically – as we think.
“There is a new balance that we can achieve coming out of this conflict that returns the world to peace,” I wrote. “But only if our expectations are commensurate with the hand that we are holding.”
Earlier in the week I wrote, once again, why I believe the dollar is on its way to be dethroned globally as the reserve currency.
Less than two weeks ago, I wrote an article proclaiming that Russia would back the ruble with gold as a way to fight back against Western economic sanctions. I also made similar predictions about the new digital Chinese currency last summer when I first started Fringe Finance.
This week, I pointed out why I truly believe we are at the “beginning of the end” of the Keynesian economic experiment: The Dollar Dethroned: We Have Reached The End Of Monetary Policy As We All Once Knew It
Finally this week I posted an interview I did with professor of geology/geochemistry at the University of South Florida Dr. Marc J. Defant.
This past week, I was happy to welcome him onto my podcast for a discussion about the current state of energy in the U.S., including pros and cons of natural gas, fracking, shutting down pipeline projects in the U.S. and the cost benefit analysis of extreme activist environmentalists.
Dr. Defant told me: “Gas was up 40% and oil was up 80% before the Ukrainian war started. What got me a little incensed was that Biden is going around saying the price of gasoline is due to to Putin.”
“It’s kind of an outrageous lie,” he continued. “Most of [what’s pushing prices up] is totally unrelated to the war in Ukraine.”