Venezuelans in poor areas blocked streets & lit fires during scattered protests across the country on Tuesday night, & two people were killed during the growing unrest in the midst of a crippling economic crisis.
U.S. approval of Congress declined to 20% in April, a four-point drop from March and eight points below February's seven-year high of just 28%.
The economic forces that have been playing out over the last couple of decades are probably going to get worse.
Bashing the "hubris" of central bankers, which he believes may be one of the indicators for "forthcoming economic collapse." This is how he puts it:
China and Russia lead world away from dollar with 5,000-year-old trading system. Byron King has more...
Five charts show the return of volatility, pessimism and gold.
Mick Mulvaney, veteran of the 2013 shutdown, sounds like he's preparing for war.
Stocks and other assets are priced at unrealistic levels based on the outlook for global growth, according to billionaire bond guru Bill Gross.
Combined with a 0.1% decline MoM - the biggest drop since August 2016 - suggests the inflationary impulse is fading.
Gold continues to rise based on a combination of higher inflation, geopolitical concerns and tightness in supply
Gold, silver and prices for other metals leapt Thursday, bolstered as the U.S. dollar was shoved lower after U.S. President Donald Trump said the currency has been trading at “too strong” of a level.
Investment bankers, hedge funds and institutional money will buy the majors, as always, and begin to demand that they raise dividends:
"Implementation is RIGHT Around the Corner..." Introducing the NWO's FINAL SOLUTION:
Is the so-called Trump Trade about to unravel? Economic analyst Jim Rickards thinks so. The Trump Trade rests on the idea that the president’s proposed policies of lower taxes, infrastructure spending, Obamacare repeal, and decreasing government regulations will juice the economy. As a result, corporate earnings will increase and the stock market will rise with them.
Will the US federal government shut down this month? It could if Congress doesn’t act before April 28. Federal government funding will run out on that date, and without a new spending bill, a partial shutdown will commence the following day. The last time this happened was 2013.
Gold is “firmly bullish on the daily charts, & further upside may be expected as anxiety accelerates the flight to safety,”
Gold options are signaling there’s more room to run for bulls.
Short term silver price movements are not a concern when we focus on the disintegrating energy and economic fundamentals.
Overall, we continue to like the prospects for gold & the precious metals sector, as we view positions as primarily a higher beta inverse play on the dollar and real yields.
Bankruptcy for Puerto Rico is looking ever more likely as the clock ticks down toward a May 1 deadline to restructure $70 billion in debt, ramping up uncertainty for anyone betting on returns from the island's widely held U.S. municipal bonds.