Good afternoon:
Here’s our Hartnett Flow Show report walkthrough for the weekend.
Works well with the weekly ZH Premium analysis
If last week’s Hartnett was loaded with insight, this week’s is light on written comments. His opinion was noted the week before, now it seems he is in watch and see mode.
Gold Enters Chat
But we note that importantly, Gold has crept on his radar again. Although he is not reccomending it yet, he notes the outflows with a light suspicion as being somewhat overdone. We observe ( as doesHartnett indirectly) Gold’s price has weathered yet another sizable outflow of Fund length this past few weeks
Highlights
7:30- Zero Fiscal Discipline
16:00 First Gold Comment
18:45- Extended Gold Comment
Approximate Timestamps
0:00 Intro
1:00 Prev Week Recap
4:40 Start of Report
***8:00 Hartnett’s main points analysis
debt downgrades ≠ fiscal discipline;
CBs bailing out Wall St, Gov’t bailing out Main St
Gov’t does not know how to subtract
Difference between GFC and now
Path Forward
Next Recession » Fiscal Panic » Raging Inflation » Gov’t default risk »YCC G7
16:00 Gold Comment
17:00 Chart views
17:50 Oil Stocks
***18:45 Gold chart and comment (see charts above)
Since we mentioned Helicopter Ben today…
These actually exist
