{"id":3839,"date":"2012-03-17T22:52:14","date_gmt":"2012-03-18T02:52:14","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=3839"},"modified":"2012-03-17T22:52:14","modified_gmt":"2012-03-18T02:52:14","slug":"the-power-of-cheap-money-puru-saxena-safehaven-com","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/17\/the-power-of-cheap-money-puru-saxena-safehaven-com\/","title":{"rendered":"The Power of Cheap Money | Puru Saxena | Safehaven.com"},"content":{"rendered":"

Mr. Bernanke is intentionally suppressing the nominal risk free rate of return and he is forcing investors to search for yield. By keeping interest rates artificially low and well below the rate of inflation, the Federal Reserve has engineered this impressive rally in American stocks.<\/p>\n

Figure 2 captures the real US Treasury Yield Curve [after deducting inflation] across various maturities. As you can see, the real yields of the entire US Treasury Yield Curve (except the 30-Year US Treasury Bond) are currently negative.<\/p>\n

\"Real<\/p>\n

via The Power of Cheap Money | Puru Saxena | Safehaven.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mr. Bernanke is intentionally suppressing the nominal risk free rate of return and he is forcing investors to search for yield. By keeping interest rates artificially low and well below the rate of inflation, the Federal Reserve has engineered this impressive rally in American stocks. Figure 2 captures the real US Treasury Yield Curve [after … <\/p>\n

Continue reading “The Power of Cheap Money | Puru Saxena | Safehaven.com”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31,6,57],"tags":[3258,3567,3725],"class_list":["post-3839","post","type-post","status-publish","format-standard","hentry","category-the-fed-banks-interest-rates","category-fixed-income","category-stock-markets","tag-stock-market-rally","tag-us-treasuries","tag-yield-curve"],"yoast_head":"\nThe Power of Cheap Money | Puru Saxena | Safehaven.com - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Power of Cheap Money | Puru Saxena | Safehaven.com - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Mr. Bernanke is intentionally suppressing the nominal risk free rate of return and he is forcing investors to search for yield. By keeping interest rates artificially low and well below the rate of inflation, the Federal Reserve has engineered this impressive rally in American stocks. 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In testimony before the House Financial Services Committee on Wednesday, Fed Chairman Jerome Powell tried to hose down inflation fears: While price increases might accelerate in coming months, Powell said those increases are expected to be temporary and not a sign\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16036,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/11\/19\/leading-index-gives-early-warning\/","url_meta":{"origin":3839,"position":1},"title":"Leading Index gives early warning","author":"Colin Twiggs","date":"November 19, 2017","format":false,"excerpt":"One of the better composite indicators in the US, the Leading Index from the Philadelphia Fed, points to a slow-down in the US economy. A dip below 1.0% is often early, as in July 2000 and May 2006, but serves as a reliable warning of an economic slow-down. The Leading\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":31607,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/03\/22\/yield-curve-gymnastics\/","url_meta":{"origin":3839,"position":2},"title":"The yield curve recession warning","author":"Colin Twiggs","date":"March 22, 2022","format":false,"excerpt":"A great deal has been written in the past month above the flat 10-year\/2-year Treasury yield curve and the inevitability of recession if the slope turns negative. Wolf Richter sums up the problem: The weight of the Fed\u2019s gargantuan balance sheet is pushing down on long-term yields that the Fed\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"US Treasury Yield Curve","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/us-yield-curve-2022-03-21.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":17081,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/09\/22\/how-will-a-bond-bear-market-affect-stocks\/","url_meta":{"origin":3839,"position":3},"title":"How will a bond bear market affect stocks?","author":"Colin Twiggs","date":"September 22, 2018","format":false,"excerpt":"10-Year Treasury yields broke out of their triangular consolidation at 3.00%, while the Trend Index recovered above zero signaling a fresh advance. Importance of resistance at 3.00% is best illustrated on a long-term monthly chart. Yields declined for more than three decades (since 1981) in a bond bull market but\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":36699,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/08\/24\/fed-rate-hikes-start-to-bite\/","url_meta":{"origin":3839,"position":4},"title":"Fed rate hikes start to bite","author":"Colin Twiggs","date":"August 24, 2022","format":false,"excerpt":"The S&P 500 reversed below former primary support at 4200, warning of another test of 3650. Momentum peaking at zero (red arrows) suggests a strong down-trend. Breach of 3650 would offer a target of 3000. S&P Flash US Composite Purchasing Managers Index (PMI) dropped to 45 in August, from 47.7\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-08-24-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-08-24-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-08-24-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":36415,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/08\/15\/why-we-hold-gold\/","url_meta":{"origin":3839,"position":5},"title":"Why we hold Gold","author":"Colin Twiggs","date":"August 15, 2022","format":false,"excerpt":"Here is a quick summary of our outlook on Gold, inflation and the Dollar, prepared in answer to a question from a client. Interest Rates The yield curve has flattened, indicating bond market expectations that the Fed will be forced to stop hiking rates soon. We are not so sure.\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Yield Curve","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-08-12-yieldcurve.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-08-12-yieldcurve.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-08-12-yieldcurve.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/3839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=3839"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/3839\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=3839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=3839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=3839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}