Here’s an interesting article that proposes that we are already experiencing hyperinflation.
Monday, stocks rose 0.8% in Asia but fell 0.3% in Europe and 1.2% in the U.S. on strong volume. The VXO gained 9% to close at 31.04. The 10-Year U.S. Treasury bond yield fell 2% to close at 0.76. Precious metals moved up 1%. After the bell, IBM reported their latest fantasy earnings numbers.
Tuesday, stocks fell slightly in Asia and Europe but gained 0.6% in the U.S. on strong volume. The 10-Year U.S. Treasury bond yield moved up 5% to close at 0.80. Precious metals miners lost 2%. In response to the IBM earnings fantasy, its stock corrected 6% to close well below the 120 benchmark.
Wednesday, stocks gained 0.6% in Asia but lost 1.4% in Europe and 0.4% in the U.S. on strong volume. The 10-Year U.S. Treasury bond yield moved up 2% to close at 0.82. Precious metals and their miners gained 1%.
Thursday, stocks lost 0.3% in Asia, fell slightly in Europe, but gained 0.8%in the U.S. on strong volume. The 10-Year U.S. Treasury bond yield moved up 4% to close at 0.85. Precious metals fell 1% and their miners lost twice that amount.
Friday, stocks gained 0.3% in Asia, 0.7% in Europe, and 0.4% in the U.S. on moderate volume. Over the past two weeks, cryptocurrencies have moved about 20% higher.