The last ten years of global depression are the consequences of these empty suits who actually believed they controlled the global economy....
A downgrade to junk, though, would add even more financial pressure by increasing the state's borrowing costs & preventing many mutual funds from buying Illinois’s securities.
They cover the coming chaos for the oil industry, the potential for our basic systems and infrastructure to fail, fundamentals of silver, when to buy precious metals, and much more.
highest inventory number in 9.5 years, & as Automotive News reporter Bunkley reminds us, "one month before the recession officially began."
Millionaire confidence plunged by a record amount in May, sparked by fears of government dysfunction in Washington.
The homeless population in Los Angeles County, California went up 23 percent in 2017, quadrupling last year’s percentage increase. The fastest growing demographics were young people, Hispanics and military veterans.
1.4% MoM In April, But Up 6.7% YoY (Non-seasonal Adjustment Spending Increased 3.50% MoM)
Retail inferno! According to a study cited in the Los Angeles Times, up to 20-25% of U.S. shopping malls may close in the next five years. Another analyst says up to 30% may close. Between 20% and 25% of the nation’s shopping malls will close in the next five years, according to a new report…
Technical analyst Jack Chan charts the latest moves in the gold and silver markets, noting COT data supports higher silver prices.
Ronald Stoeferle of Incrementum AG has compiled this annual report & is considered the last word on gold.
Sentiment on gold was also lifted over the month as the US dollar weakened.
China central bank will no longer tolerate much depreciation against the dollar & is setting the currency on a firmer path.
They say a picture is worth 1000 words...
China has multiple bubbles, and they’re all getting ready to burst.
It was only last week that the People's Bank of China (PBOC) was rumored to be competing in the currency market, which was coincidentally followed by a Moody’s....
This is the crash and burn. The EU officials hope and pray that this scheme will increase the demand for governments’ debts of the weaker economies within the Eurozone.
Billionaire financier George Soros says the EU is in an "existential crisis" and needs to be reinvented in the face of growing threats.
ADP reported a bigger-than-expected 253k rise in employment for May (above all economist expectations) after a big plunge in April.
Bullion futures have posted three straight weekly gains, helped by U.S. & European political angst that has boosted demand for the metal as a haven.
Furthermore, growth in new order books was also the slowest seen since the current upturn began in July 2016.