Fri, 2 September 2016
Right again! I want you all to realize how hard it is to keep my ego in check when I keep being proven right. :-)
Several new studies show there is likely no link between Zika and the birth defect microcephaly (shrunken head).
The New England Journal of Medicine is finalizing a study that followed 12,000 pregnant women who were infected with Zika. Not a single case of microcephaly was reported. Once again, just like ebola, swine flu, bird flu and every other virus that was supposed to spark the next pandemic, we find out it was much to do about nothing.
The money flows from government to researchers who then create a panic that government must sweep in to solve, not unlike the way our banking system works.
Expectations about a rate rise have dropped, but I'm not so sure I agree. Yesterday we talked about some odd selling of gold around the $1300 psychological level. This smells funny to me and reeks of an inside tip. I would not be shocked at all now to see a rate rise of a quarter point. Then again it could be nothing.
Finally, don't forget, there is no show on Monday since it's labor day so get out there and celebrate some labor! I'll talk to you again Tuesday.