04-01-2024 “We Will Rock You” It’s Another Gold BRIC in the Wall
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BRICS want a race. Chasing Bucks Can all over the place, // Queen only //singin’. We will, we will rock you. We will, we will rock you.
Gold hit record highs as China and other BRICS continued their buying spree. So, why hoard Gold? Under Russia’s leadership, the BRICS, which includes many of the largest oil-producing countries, want to establish a global payment system to compete with the capricious Advanced Economies’ Swift system. Gold’s rise also reflects doubt that the Fed will avoid a liquidity crisis unless it curtails selling Treasuries.
Regardless, the 10-year yield is in limbo with no momentum. Stay tuned to shifting money We will, as the BRICS say,
We will, we will rock you.
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Song: We Will Rock You (1977)
Les Parker, CMB
Former senior vice president of a national technology and service company.
Les Parker is the Managing Director at Transformational Mortgage Solutions Advisory Board Member for Ainsworth Advisors; and has served as the Senior Vice President of Industry Relations and Consulting at LoanLogics, a technology and services provider focused on improving mortgage loan quality, performance, and reliability throughout the loan life-cycle. His responsibilities included managing the company’s life of loan analytics and monitoring capabilities, overseeing consulting services, contributing to the strategic planning team, and communicating with industry leaders to develop and maintain positive relationships. He focused on identifying threats and strategic opportunities.
Parker has executive mortgage banking experience in capital markets, servicing, operations, production, and financial management. Parker has served as director of the largest private issuer of CMOS. His educational background covers music, religious studies, mortgage banking, mathematics, and business administration. Parker holds a BBA in Finance, and other degrees, and has held numerous securities licenses. Parker is a Master Certified Mortgage Banker, a designation conferred by the Mortgage Bankers Association. Parker writes, speaks, and provides audio content, Since the late 1980s, he publishes a daily newsletter connecting global macroeconomics to the US interest rate movement.