Traders Are ‘Selling America’
On Sunday’s podcast, Peter dissects another rough stretch for American financial markets, spotlighting mounting selloffs across sectors and another breakout moment for gold. He breaks down why US treasuries are now riskier than ever, the structural problems with fiscal and monetary policy, and how tariffs are hitting American consumers harder than politicians care to admit.
The week’s headlines were dominated by red ink, but Peter points out that there’s still one clear winner:
Anyway, it was a big week in the markets and it was a bad week for US financial markets across the board. It was another ‘sell America’ week, and I think we’re going to have a lot more weeks like this one. In fact, if you remember when Trump first won and everybody was talking about the Trump trade being ‘buy America,’ I was one of the few people that said, ‘No, the Trump trade was sell America’ because I understood the ramifications of the policies that Trump would be pursuing, and the markets are reacting exactly as I had expected them to react. The star of the week was gold. Gold rose more than 5% on the week.
Peter doesn’t mince words when discussing the supposed safety of US government bonds. He urges investors to stop pretending that treasuries are a safe haven, especially given America’s ballooning obligations:
Again, as far as I’m concerned, it’s al
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LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.
