Fall’s relief rally is transitioning to end-of-year seasonality as recession and a liquidity crisis combine with Fedspeak.
Gundlach: “housing prices are doomed and the economy could lose several million jobs... refinancing industry completely dead.”
Friday’s rally was explosive in paper gold and silver, but don’t get too excited because they’re not decisively out of the woods.
It's the economy, stupid. 8 out of 10 Americans say things are out of control as Europe protests and deindustrialization is silence before the storm.