High Yield yields higher.
Stock indices down around the world.
Oil leading the way down with the prospect of widespread bankruptcy.
All of the above spells DEFLATION.
Central banks hate deflation. They have been fighting the deflationary forces for decades. Deflation bursts debt bubbles.
What is next?
Central Bank easing will come down the road. Just as the Fed started to back off ZIRP.
And the Democrats will win big in the next election. And then FISCAL stimulus will happen.
The bottom is IN in gold and the miners.
Plan ahead. (Forget about that frog with wings. Nothing to see there.)
gh
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