Peter wallows in "conspiracy theory" but never addresses the conspiracy fact...
On Friday evening, the government here in Puerto Rico made an announcement to local retirees that many of them would have their pensions cut. Poof. Just like that. The pension cut is part of a debt…
"... one question we are often asked by our clients is about the similarities and differences to last year."
Right on cue, as we detailed here, precious metals prices have been pummeled as China Golden Week begins...
At some point the global economy will get a dose of reflation. Whether that comes from the current central bank easing cycle, fiscal policy response, coordinated fiscal-monetary action, or a detente in the US-Sino trade dispute is not yet known.
The money presses will have to hum, according to modern monetary theory and two savvy market analysts.
Upon a thorough inspection, the customs officers found nearly $50,000 worth of gold hidden in the man’s brazier as well as...
The statewide median home price in California is still rising. But that doesn't tell the full story. Values are actually dropping in these 23 cities.
...credit tremors (Argentina, Ford, Thomas Cook) and growing risk of disorderly rise in US dollar hint at a potential liquidity crisis in 2020.
... and then JPMorgan now predict that the Fed will need to permanently inject billions in reserves - by way of Permanent Open Market Operations, i.e. purchases of Treasuries, i.e. QE 4
There is one very specific reason why gold & silver prices could plunge even more before the week is over...
Where is it? The great bull market? Where is the imminent great bear market? Fact is markets are in engaged in a big game of stalemate. Bulls keep buying every dip, but all rallies are sold and are…
One professor said the mortgage market's exposure to natural disasters could be massive - possibly even as large as the losses from the subprime crisis.
In the darkest days of the 2009 recession, Germany’s industrial output was collapsing at an annual rate of more than 20%. An unfathomable implosion but one that thankfully ended almost as quickly as it started.Some 10 years on, a crisis is brewing once again in the country’s industrial
The threat of stagflation — a toxic combination of a slowing economy combined with rising prices — could make Fed chair Jerome Powell's job much more difficult.
Four key concerns for liquidity provision. There are many plausible narratives that might explain the mid-September squeeze in the US overnight funding market, but they all come down to initiating a race to hoard cash.
Despite hope that August's bounce back into expansion would continue, September saw the key survey slump back into contraction (47.1 vs 50.0 exp) for the 3rd month in the last four...
Negative interest rates have quite literally broken one of the pillars of modern finance. As economists and central bankers weigh the pros and cons of sub-zero rates and their impact on the world...
The great deleveraging that was supposed to sweep over corporate America is dead. Or, at least, on hold.Blue-chip companies have begun to ramp up borrowing again as central banks globally flood economies with money.
Here is a summary of some of the significant economic data/news that came out last week.Third-quarter 2019 new orders for durable goods remain on track for a second annual decline. August 2019 Real New Orders for Durable Goods showed a monthly gain of 0.2% [1.0% ex-Commercial Aircraft], but an annual decline of 4.9% [down by 2.1% (-2.1%) ex-Commercial Aircraft].