The endeavor of speculating in financial markets is shrouded in confusion, fierce debate and  — often — mysticism. Here at greshams-law.com, we’re at least a little bit guilty of succumbing to the latter. The long-term trends in financial assets seem to follow generational cycles. This is particularly evident in the gold price of the Dow Jones Industrial Average.

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Jim Grant and Brad DeLong recently interviewed with the WSJ. They talk about monetary matters, speculation & market trends.

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An update of the weekly daily treasury statement charts for 17/6/11. Over the past few months, we’ve noted the peculiar lagged correlation between the ‘risk assets’ and the total operating balance of the US Treasury. Well, over the past few days, the VIX has jumped, and it has come right on cue…

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An update of the weekly Federal Reserve balance sheet charts for 17/6/11. As we enter the final fortnight of the notorious ‘QE2′, we find that the Fed’s balance sheet is approaching a whopping $3 trillion!

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