The loss of safe haven status for U.S. assets is happening rapidly, right before our eyes. Gold, topping $3,400 per ounce, more than any other asset, is regaining its historic role. This should be disturbing to anyone owning financial assets in America.
ron insana
28.9K posts
I'm MS Now's Senior Business Analyst, author of "The Message of the Markets" on Substack, a public speaker & observer of all things economy and market-related.
Joined April 2009
- The economy is so bad that Thanksgiving week travel is setting a record.
- As an ex-Catholic, I find it wildly unconstitutional that my wife’s and daughters’ intimate, personal decisions are being held hostage by theocrats in the Supreme Court. I signed up for freedom of, and from, religion, as I choose, a right that has been guaranteed since 1789!
- NO, NO, NO, NO!!! WH Economic advisor, Larry Kudlow, calls for reduction in corporate tax rate to 10% and a capital gains tax holiday!!! Corporations already pay the lowest share of federal revenues in history! Cash to households & spending $$$ on a cure are far more critical!!!!
- Replying to @LeahReminiMy late mother got her GED at 44 after dropping out of school at 16 to take care of her dad and siblings when her mother passed away in 1941. Started college at 45, graduated at 49, became a teacher at 50 and taught full and part-time for 25 years! Never too late! Best of luck!
- Can someone please tell President Trump that payroll taxes cannot be permanently eliminated as that would bring an end to funding for both Social Security and Medicare.
- Replying to @PreetBhararaIsn’t Hillary Clinton a lawyer with the highest possible security clearance?
- Dear Fed, please stop! The yield curve inversion is 127 basis points! 1 1/4 percentage points! Not this wide since 1981! Inflation's falling. Retail sales are falling, real estate is collapsing. Wage inflation's not a Fed issue but a demographic issue! Stop now! I beseech you!
- The President wants equal time on TV. Does he know who gutted "The Fairness Doctrine?" That would be the FCC under Ronald Reagan in 1987.
- Let's stop using the ambiguous word, "tariff," and start calling them, "import taxes," every time we reference the actions undertaken. It will greatly clarify this inexplicable policy decision.
- Replying to @elonmuskThere were 775 million cases worldwide. 1.18 million deaths in the U.S. alone. 7 million deaths around the world. Not enough for you?
- Time for the Fed to speak. This could be an event like 1997, 1998, 2011 or 2018. A wide open door to rate cuts should be opened tomorrow.
- Tom Brady was retired for 3.5 Scaramuccis

