Precious metals news

With $130 billion in unfunded liabilities (versus $78 billion in assets), Illinois is running a perpetually underwater pension plan.…

This is why the Fed keeps telegraphing they will raise rates to see if the market responds. That provides them deniability if a market declines before they take any action.

The idea that this signals the close of the Fed-induced low interest rate era is quite the exaggeration.

Jim Grant, Grant's Interest Rate Observer, talks about the outcome of the FOMC meeting & why he is keeping a watchful eye on inflation.

After the hotter-than-expected PPI print, Consumer Prices confirmed that inflation is running hot with the fastest rise since Feb 2012.

This is the first consecutive monthly drop in real wages since 2011 (which forced Bernanke to to hint at & then unleash QE2 later that year).

Following yesterday's disturbing debit & credit card spending report from B of A for February which showed broad based declines across most categories

In his latest podcast, Peter Schiff discusses the February Non-Farm Payroll Report and President Trump’s change in attitude towards the credibility of the data. During his campaign, Trump continually told his supporters the truth about the tanking US economy, characterizing the jobs statistics as phony data.
Ever since his election, however, he now considers these same numbers as credible indicators of the positive impact of his presidency and the general health of the economy. Peter shines a light on Trump’s hypocrisy, showing how current payroll numbers are essentially the same as those under Obama.

What again is the case for gold? Real, heavy, in-your-hand gold? It is an anchor to the time before the Good Ship Lollypop set sail on these uncharted waters.

On Wednesday, the Fed decides whether to raise rates, the debt ceiling (which I call a floor) comes back into focus. There’s also a major election in the Netherlands. A populist win there could rock major markets. On Thursday, the Bank of Japan meets to decide its next major policy move.

Head Keynesian Janet Yellen, the Fed’s Chair, may be sleeping soundly, as she and her Ph.D. monetary mandarins continue to gin up a robust wealth effect.

The president and the central bank could be headed toward a collision, New York Times reports.

As if Canadians needed more proof that the country’s real estate is in a bubble, and that this misallocation has spread to other sectors of the economy, the Bank of International Settlements released its latest quarterly confirming what any critical observer can see: binging on debt is rarely a good idea. Canada’s debt-to-GDP gap is […]

The U.S. economy is weak. Very weak. But the Federal Reserve is planning to raise interest rates anyway. Why? Here’s what’s going on:  According to the Atlanta Fed the US economy is exp…

“Many fear the Fed is behind the curve. The market is even further behind: This is clearly a dangerous situation.”

Due to their unique money-printing powers, banks now literally own the world … including the entire political system.

The Treasury’s cash hoard is down to $34 billion — not enough to make it past Memorial Day if the debt ceiling isn’t raised. Do the insiders know something most investors don’t? Brian Maher has more...

Debt is a ticking time bomb. And in this case, given the widespread consequences across the world, the bomb is nuclear.

The Fed is given powers again that it doesn’t actually possess, as any monetary tightening over the past few years has had nothing to do with monetary policy

$13.9 trillion Treasuries market is signaling growing confidence that yields will rise after the Federal Reserve’s policy decision this week, leaving some analysts wary of a crowded trade that may backfire.