Precious metals are apparently waking up. And here is where you can find the best deals.
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By David Stockman. Posted On Thursday, December 15th, 2016
While 2.1% core inflation (& declining) seems impressive, the 3.5% inflation rate for shelter (aka, housing) is not welcome. Particularly when hourly earnings growth for 82% of the population is only 2.36% YoY.
Real earnings growth? Falling like a paralyzed bird........
A currency war has been declared, ensuring that the U.S. dollar, Euro, Yen and many other state currencies are linked in a suicide pact.
“The Chinese bond bull market is over, as we have seen a turning point in money market rates this year,”
There is no doubt about it. Politicians love to promise free things (or underpriced things) in order to get elected (aka, intergenerational theft). Then borrow staggering amounts to fund their promises. For example, the Federal government borrowed $10.16 TRILLION since October 2008, doubling the Federal public debt outstanding. With The Fed pushing down interest rates…
The Fed will never willingly lead interest rates to a neutral position. It can’t. It must feed this Frankenstein with easy credit.
.....But it is back in the USA where the world’s funniest money is found
Wall Street banks are about $70 billion short in funds the Fed says they’ll need to tap following a collapse, down by almost half from the central bank’s earlier estimates.
Is Donald Trump SECRETLY a Big League fan of Gold? A discussion of why elites use the mainstream media to keep the public from lusting for Gold...
Italy has a new government, & Matteo Renzi is not in charge of it. The former prime minister kept his word and resigned following his constitutional…
The likely nationalization of Banca Monte dei Paschi di Siena fails to address the broader challenges before the Italian banking industry.
The shared currency has fallen even further against the dollar this afternoon, dipping to its lowest level in 14 years at $1.
The euro skidded over 1 percent to its lowest levels in 14 years on Thursday, as the dollar soared across the board, opening up the possibility that the single currency could reach parity with the greenback in the coming months.
Janus Capital Group Fund Manager Bill Gross discusses Fed policy, the markets and global economy.
What is Janet Yellen thinking? As the Fed wound down its QE program in 2014, the $USD hit liftoff. It has since hovered in the mid- to upper-‘90s. Throughout this period, anytime the $USD began to move sharply higher one of more Fed officials appeared to “talk down” the $USD. The reasoning here is simply.
they'll need to print like drunken sailors, which will necessarily depress the yen in an environment where the currency is already predisposed to falling against a surging dollar
The Chinese currency drifted lower even as state-owned banks sold dollars & the authorities stepped up their defense.
With higher yields predicting higher price inflation & today's anticipated Fed rate hike could mark a bottom in gold
the price could move up & through that level quite easily. Therefore, $150 silver would be a conservative inflation-adjusted high.