At the height of the financial crisis in 2008 – with credit markets in deep thaw, banks facing a liquidity crisis, and the real-estate bubble about to burst – Ben Bernanke arrogantly stepped forward to leave his dubious mark on American history.
The price of gold has risen precipitously since the housing-market collapse and financial crisis of 2008, as you would expect a sound hedge investment to behave.
There’s a saying in golf that every shot makes at least one person happy (it might be your opponent!). Trade wars are kind of like that. The very day that President Trump put onerous tariffs on U.S. imports of steel and aluminum (March 1st) two things happened.
Throughout the last century the U.S. dollar undoubtedly reigned supreme as the world’s reserve currency. This greatly reduced the cost of doing business for the United States and lead to an effective bonus of $100 billion a year thanks to lower borrowing costs, not to mention the ability to just print funding as required