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Presidential Medal of Freedom recipient Arthur Laffer, an economist who served as an adviser to President Donald Trump’s 2016 campaign, took some shots at...
It might take more than a few friendly words between U.S. President Donald Trump and Chinese leader Xi Jinping to substantially reduce bond traders’ bets on Federal Reserve interest-rate cuts.
    Italy’s Predicament May Pose New Risk to Eurozone
Jul 1, 2019 - 07:53:14 PDT
Europe has more important issues to deal with; primarily to maintain the EU's stability, the eurozone's integrity, and the steadiness of the euro.
    18.5 Year High In Consumer Confidence
Jul 1, 2019 - 07:51:51 PDT
The media and social media discussed the decline in the Conference Board consumer confidence index endlessly because negative news draws attention and ad revenue.
"Although business optimism about the future lifted slightly higher, it remained close to survey lows to indicate persistent low morale..."
It's No Bitcoin: Nobel laureate F.A. Hayek was, as he says in the 1990 introduction to his Denationalization of Money: The Argument Refined, one of the chief “gold bugs” of the 20th century.
SD Outlook: Gold "sold-off" overnight to $1385 per ounce, yet silver is holding steady. Can the cartel even smash the paper price right now?
The Dow Jones just had its best June since 1938. Overall, stocks were up around 7% last month. It was also the best first half for stocks in 22 years.
Meanwhile, gold gained about 8% on the month. As Peter pointed out in his latest podcast, while stocks had significant gains in dollar terms, they actually lost value in terms of real money.
And as Peter pointed out, when you look at the recent stock market gains, you have to put them into context.
    5 Reasons Why 2019 Has Been Gold’s Time to Glitter
Jul 1, 2019 - 05:42:42 PDT
Low interest rates, tame inflation, political instability favor gold, writes Ed Yardeni.
    Deutsche Bank's Medieval Medicine
Jul 1, 2019 - 05:38:53 PDT
More bloodletting is planned, but it won't be enough to restore the patient to health.
The reasons to bet against the rally across risk assets are numerous, serious, and almost exactly what they were before this year’s blistering melt-up.
    Why Economic Slowdown Continues
Jul 1, 2019 - 05:33:47 PDT
It’s not close to the big decline in 2011, but it’s far from good. To be clear, missing estimates doesn’t directly equate to weakness because estimates can be high.
Here is the moral decay of America's ruling elites boiled down to a single word.
Kay Van-Petersen, global market strategist at Saxo Capital Markets, talks about the Group of Twenty summit, Federal Reserve policy, and the implications for markets. He also explains why he doesn't expect President Donald Trump to get reelected. He speaks on "Bloomberg Markets: Asia."
Manufacturing operating conditions in the euro area deteriorated for a fifth successive month during June.
The U.S.-China trade truce hasn’t been enough to shake out one favorite trade: shorting the dollar.
This time, economists aren’t buying it.
    ECB Can Provide More Stimulus, Must Stick to Mandate
Jul 1, 2019 - 05:00:16 PDT
The European Central Bank has room to ease policy further if needed and should l...
Although it has given back some of its gains with news of a ceasefire and a resumption of talks in the trade war between the US and China, gold has surged over the last couple of weeks driven by global instability and turmoil - not only from the ongoing trade conflict, but also with the saber-rattling between the US and Iran. Gold broke through the $1,400 mark and hit six-year highs last week.
Peter Schiff appeared on RT's Boom Bust to talk about it along with the recent bitcoin rally.
This cycle has been one of the weakest in  terms of economic growth but one of the strongest in terms of asset price growth.