Crisis over, the old crisis returns

America relies heavily on foreign buyers of US government debt, in the form of Treasury bonds. But these buyers are starting to disappear, just when the Treasury needs them most…

Crisis over then; the Fed has worked its magic! And things will only get better from here.

Equities are trading at the lowest price/earnings ratio in a generation; unemployment is ticking lower; household balance sheets are fast improving; confidence in the monetary and financial systems has been restored.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Explore More

Adrian has written all things gold related from if it’s worth buying, what the real price of gold should be and what’s the point of gold for MoneyWeek. He has also written for other leading money titles on his gold expertise including Business Insider, Forbes, City A.M, Yahoo Finance and What Investment Magazine. Now Adrian is head of the research desk at BullionVault, a physical market for gold and silver for private investors online.