Precious metals are apparently waking up. And here is where you can find the best deals.
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Catalonia may be just the beginning.
High-yield securities have entered a sort of “no-man’s land” where the risk-pricing mechanism has defaulted to government intervention.
Fears that the steep growth of shadow banking could trigger a debt crisis in China’s have been highlighted by the World Bank.
Getting money into the pockets of ordinary Americans is easy. Why can’t the White House do it?
Last week, I did a fairly extensive analysis on the release of the 9-page "Trump Tax Cut" plan. The most important aspect of that discussion was the difference....
When people use the word catalyst to describe an event that may prick the stock market bubble, they usually discuss something singular, unexpected and potentially shocking. The term “black swan” is frequently invoked to describe such an event.
Currently, U.S. economic growth is anemic and still suffering from the after-shocks of the financial crisis. Importantly, much of that weakness is the result of growing stress on consumers.
Many of my long-term bearish friends believe that the Fed's motives are nefarious. To them QE (Quantitative Easing) and ZIRP were about cronyism -- designed specifically and cravenly only to bail out failing banks during the financial crisis, and nothing more. The Fed was just greasing the skids for the bankers to skim ever more profit from the economy.
Sure, there probably is an element of that. There's a lot of cronyism between the Fed and its member banks. The door between the Fed and Wall Street is a revolving door. Even those Fed members who were primarily academics, have had their reward stints as high level officers of Wall Street banks. Yes, it's a cesspool.
But I'm less certain that the Fed's aim was that perverse. Certainly the Fed was panicked, and that was one of its motives. But the Fed continued QE and ZIRP long after the panic had subsided. So why did they create such massive dislocations?
This update is in response to a standing request for real (inflation-adjusted) charts of the S&P 500, Dow 30, and Nasdaq Composite.
Harvey Organ believes the new Chinese yuan based global oil contracts, which Harvey says will be convertible into gold on the Shanghai Gold Exchange, will begin on October 18th. Here's why...
Puerto Rico faces a government shutdown on Oct. 31, halting its hurricane recovery, if Congress doesn’t provide billions in emergency funds
A buying opportunity. Silver prices eventually to outperform gold, both later this year and into 2018”
Comex "deliveries" are up dramatically in 2017 and JPM continues to stand down.
The Macro Tourist is not predicting that the man married to the granddaughter of Estee Lauder gets Trump's nomination, but if "chicken-hawk" did make it, here is what it means […]
The IMF is telling them they run the risk of another major financial collapse.
These dudes will never identify an asset bubble – at least before the event!
Recently, Jamie Diamond of Citibank made headlines by labeling Bitcoin a fraud. Whether those comments played any part in Bitcoin’s recent sell off is hard to say, but the true believers reacted with predictable outrage given that the comments came from the ultimate Wall Street insider whose financial supremacy is supposedly threatened by crypto currencies like Bitcoin.Although my critical comments on Bitcoin over the years have not received nearly as much attention, they have been just as summarily dismissed by the crypto currency crowd. But I am a well know libertarian and follower of the Austrian School of economics. I am not a member of the banking establishment, nor am I a fan of fiat money. I should be one of the good guys. But since I happen to own a company that sells gold, a metal that supposedly Bitcoin will soon make obsolete, the crypto crowd looks at me like a stubborn old buggy whip salesmen who refuses to acknowledge that the future resides in horseless transport...
What happens when government officials spend with virtually no restraint and they don't have a printing press that can crank out more money?Hartford, Connecticut.Last week, both S&P Global Ratings and Moody’s Investors Service downgraded Hartford's credit rating deeper into junk status. According to a Reuters report, the downgrade puts Hartford near the bottom of the credit scale. This means the agencies view the city as essentially in default with little prospect for a full bondholder recovery.
Gaudy numbers mask serious flaws in the country's economic model.