The “Lunch To Solve The World’s Problems”

The “Lunch To Solve The World’s Problems” from King World News

As the gold market continues to trade sloppy while building the handle portion of its cup & handle formation, here is a look at the “Lunch to solve the world’s problems.”

“The Lunch”
March 14 (King World News) – 
Today’s note from Jeff Saut, Chief Investment Strategist at Raymond James:  Those of you that have read these letters over the years know I am part of a lunch group that meets once a year to discuss the state of the markets and the world. The lunch is attended by some of Wall Street’s most iconic folks, as well as past high level government officials, portfolio managers, strategists, well you get the idea. Regrettably, one of the rules of said lunch is that nobody can reveal who attended the lunch, but if I could, you would recognize most of the participants…

The title of yesterday’s lunch was, “Lunch to solve the world’s problems.” The first discussion was about why there is no inflation. One response was that small business is not raising prices for fear of losing customers. He added that, every month, 26% of small business want to raise prices every month, but only about half of them do it. I offered that I think it is the demographics. When I was in my 30s/40s, I had huge demands for “things.” In my 50s/60s, that demand changed. I now spend very little money on things. Another participant offered, “The lack of inflation is not a supply issue, but a lack of demand.” He also averred that China has brought about price deflation and that the Amazon “death star” has accelerated it. Someone else talked about asset inflation and noted that the labor force is not growing in China.

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The Daily Coin

Rory Hall, The Daily Coin. Beginning in 1987 Rory has written over 1,000 articles and produced more than 300 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Silver Doctors, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Shadow of Truth YouTube channels to enjoy original videos and some of the best economic, precious metals, geopolitical and preparedness news from around the world.