The U.S. House of Representatives is unlikely to raise the country's debt ceiling without conditions to rein in spending.
Last week, former Federal Reserve chairman Alan Greenspan issued an emphatic warning during an interview on CNBC's Squawk Box: Beware, the bond bubble is about to burst. And when it does, it will take stock prices down with it.The current level of interest rates is abnormally low, and there is only one direction in which they can go, and when they start, it will be rather rapid."Greenspan headed the Fed from 1987-2006, so he has some experience in blowing up asset bubbles. His tenure at the central bank featured an extended period of low rates, but nothing compared to what we have today. In fact, Greenspan pointed out that going back to the time of Alexander Hamilton, long-term interest rates have never been as low as they are today.
Researchers have discovered a process using gold that appears to increase the effectiveness of a lung cancer treatment.CNBC reported on the promising development in a story headlined, "Could gold finally have a purpose?" This silly headline plays into a common fallacy: this notion that gold doesn't actually do anything. Warren Buffet encapsulated this attitude in a speech decades ago.Of course, gold has many purposes, starting with the fact that gold is money. And it's increasingly being used in technological applications from biomedical processes to energy production.
Japan is a paragon to prove that no nation can print, borrow and spend its way to prosperity.
Metals bid and fear is spiking
Jim Rickards shows you how the coming global trade war could potentially escalate to a shooting war...
President Trump said N. Korea will be “met with fire & fury, frankly, power the likes of which the world has never seen before”
With new targets on the Gold Miners ETF
If, however, inflation underwhelms for now the sixth year and counting, there just might be something to this economic anxiety element of grand and growing political discord.
The problem is that when (not if) the next recession hits, reducing interest rates in this traditional way will not be practical.
The uncertain economic picture leaves financial markets wondering if the Federal Reserve will raise interest rates again this year.
A full-fledged civil war could be looming for Venezuela as military support for dictator Nicolas Maduro wanes.
Short-term problems surface with the GLD
The median P/S multiple at an S&P 500 just hit an all time high is a MAJOR warning that stocks are in fact in a MASSIVE bubble.
Things are not well behind vault doors...
Jeffrey Gundlach joins the list of fund managers sounding warnings about the markets.
Mike Maloney and Jeff Clark review data that shows the stock market takes decades, not years, to recover from a crash. Most Americans looking down the barrel of retirement are heavily invested in stocks and cannot afford to ride out another downturn. Be sure to read Jeff Clark’s full research on the topic after you watch the video.
In 353 BC, as violent class warfare broke out across ancient Greece, one wealthy Athenian lamented in his journal, When I was a boy, wealth was regarded as a thing so…admirable that almost everyone…
It wasn’t originally about owning a beautiful home and a roaring business. It meant freedom, mutual respect and equality of opportunity.