@hisah @lochaz 0.75-1% Fed rate USD tanks, stocks rise, gold & silver soar.

What's the median age really of the demography and percentage to total population? Hey! The fund manager rotated from bonds to stocks, conventionally, until now it is no longer that the opposite is true?

Gold & Silver; Now that white money is circa 70-80% its return to circulation is a bonanza!! ;-)

This is the part where holding onto conventional wisdom gets you routed. Maybe that's why even fund managers are on the sidelines in this stock market rally.

I don't know the median or average age in relation to total population and as much as I acknowledge it is a first world issue, that is hardly whole problem here:

1. If the number of retirees is growing faster than the engaged workforce, the pension is going to have a problem. The labor participation rate bears me witness. The US economy is not absorbing workers as fast as it is retiring them resulting in either hiked contributions for the active workforce and /or pension cuts for the pensioners.

2. The larger the difference between an old geezer's paycheck when exiting the workforce and the starter pack (fresh recruit pay) means it will take more and more new employees to support a single pensioner - contribution wise - depending on the scheme's structure. Talk of a legalized ponzi scheme. With the global economy going to the dogs it is hardly the time to raise entry level pay, my guess is that it's reducing.

3. Pensions schemes are normally overweight bonds and shy of stocks, with interest rates dropping consistently over the last decade - in large part due to ZIRP/NIRP - pension schemes have had poor returns vis a vis their mounting liabilities. That is a recipe for going burst.

Note that KE despite a fantastic demographic structure has similar problems in its pension scheme aka NSSF courtesy of the first two issues...hence the constant upwards review of the retirement age.

Mozambique is blazing the trail when it comes to outright defaults on its debt obligations. Second default registered on March 22nd, hot on the heels of the January no show.
https://www.bloomberg.co...t-on-credit-suisse-loan

So much going on today...

Firstly the announcement of a snap UK election slated for June 8th which had the GBP spike to a 4 month high while the FTSE-100 down 2.5% (biggest drop since the Brexit erasing all of the 2017 gains)

https://www.nytimes.com/...y-general-election.html

Next was the offloading of 22,000 contracts on Gold

http://www.zerohedge.com...3-billion-notional-sale

How an order (notional amount of $3B) was filled is a whole other matter all together...the almost instantaneous recovery is also something else.

Lastly is the debt ceiling for the US (we have 10 days until a shutdown) and the French election at the end of the month!!!