FTX crypto implosion a potential Black Swan event where contagion may impact the financial industry & individual investors in unexpected ways.
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.
Biden’s socialist wealth transfer is paid by 2/3 of Americans with no degree for 1/3’s education as a crass political payoff. Debt is never wiped out.