A new paper by Yale professor Paul Schmelzing is a reminder that it ain’t what we don’t know that causes trouble, but what we know that ain’t so. (1)Two charts in particular refute conventional wisdom about long-term real interest rates.This chart, derived from one of Schmelzing
This is how the Fed monetized billions in T-Bills sold just days earlier by the US Treasury.
House prices appreciated more slowly the last 12 months compared to the previous 12 months in 18 of the 20 metros covered by Case-Shiller.
Washington policymakers in the past few years have been wildly irresponsible in managing the federal budget.
While a decade is just an arbitrary measure of time, people often attribute certain emotional and cultural characteristics to it, such as the "roaring 20s" of the 20th century. The 20s of the 21st century are promising to mark a defining period in world History, particularly for the West, as vital t
It is an understatement to say the global financial system is not a well-oiled machine. More often than we would like to admit various systems and parts are thrown or "cobbled together" in a haphazard way...
If momentum continues upward in gold as we move into the New Year, the bullish...
Brendan Brown, founding partner of Macro Hedge Advisors, discusses U.S. inflation and his outlook for Fed policy. He speaks on “Bloomberg Markets: European Open.”
In the first hour of business today, the Fed has already injected $57 billion in the Repo Market. While the Fed’s Repo Market injections didn’t spike during the last few days of 2019, as many analysts forecasted, there’s still BIG TROUBLE ahead.
Gold prices are climbing Thursday, unfazed by strength in the U.S. stock market and the dollar after the precious metal scored its biggest one-year advance...
The federal government has borrowed a record $10,796,419,662,320 in the decade that is coming to a close today, according to data published by the U.S. Treasury.
Chinese companies are facing a reality check after years of ramping up debt. A de-leveraging campaign that President Xi Jinping began in 2016 to curb risks in financial markets has led to a crackdown on unregulated lending -- so-called shadow banking -- and tighter rules on asset management.
Lending standards for homebuyers are expected to diminish in 2020...
A new survey reveals that the world's chief executives view the risk of a recession as their biggest external concern in 2020... unsettled by trade uncertainty, political instability, and more intense competition from disruptive technologies.
The world’s biggest economies may roll over $8.7 trillion of debt maturing this year, but it won’t go far in sating almost bottomless demand for government bonds.
"That’s been a magnificent trade and I’m predicting it will become even more profitable in the years ahead!"
Many investors know that silver is undervalued relative to gold. Many also know that silver remains undervalued relative to the stock market.But check out just how undervalued silver is in this new video with Mike Maloney and Ronnie Stoeferle.This chart shows the silver/gold ratio (the gold/silver ratio inverted) vs. the S&P 500. Note the strong correlation for two decades—until it abruptly ended in 2011.
Some bulls foresee gold breaking the price record set in 2011, when it topped $1,900, roughly 25% higher than current levels.
The COT report covering the week to December 24 saw hedge funds keep up their buying interest across all three major commodity sectors.
Gold prices edged up on Thursday, holding close to a three-month peak as the metal benefited from weakness in the dollar.