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June 12, 2020 | Deep State vs. The Fed

Bob Hoye has been in investment business for some 50 years, making him one of the more experienced researchers. His historical work has been thorough providing the first recognition of the fascinating transition from speculation in commodities to speculation in financial assets. It was controversial when Bob observed that “No matter how much the Fed prints, stocks will outperform commodities”. In January 2000, the research team concluded that the Dot-Com Bubble would peak in March 2000. In early 2007, the team outlined that the credit markets would reverse in May-June 2007. They did and the stock market followed. The latest was the call in early October for the Bitcoin Bubble to complete in December. Bob’s essays and speeches on political change and on actual climate change have been widely circulated.

Gold, Silver, Diamonds

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Archives June 12th, 2020

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One Comment

  • Michael says:

    I have a question for Bob involving “financial gravity”. Many technical analysts maintain that the stock market recovery out of the March 23 low is just like the rally out of the 2009 low and fueled by FED liquidity. But as I recall the 2009 bottom was the ending of an 18 month bear market that had undergone a lot of technical damage along the way. It’s been less than 4 months from the February highs and yet the bulls say that the bear market is over and another bull market has commenced. Bob, how can this be possible given the record amount of corporate debt, an over-extended consumer and out-of-sight P/E expansion?

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