Monetory and fiscal policy stimulating US economy

Debtor countries that can´t print money will restructure their debt

Debtor countries that can print money will devalue their currency

Countries running a surplus with a linked exchange rate will break the linkage because growth too strong and inflation becoming too high, so can have an independent monetory policy

See surplus countries buy the physical assets of countries whose ccy and paper is worth less will want less of their bonds. Hence why buying commodities and commodity companies.

When China tightens see a drop in commodities.

Mean reversal doesnt work for commodities?

2012 an election year in China and the US

Rising interest rates are good for a ccy but not for bonds

At a time when losing a ccy regime gold is an underowned asset by central banks, sovereign wealth funds. Safe used to mean USD, EUR and JPY. All have problems at the moment, gold will be taking more of that place! If devalue their ccy to reduce the debt burden better to hold gold reserves.

Money printing is good for stocks, good for gold, good for commodities.