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According to a new survey from Bankrate, 23% of Americans who were adults when the recession started in December 2007 say they are now financially worse off than they were before the recession hit.
Managers at the companies that own the tankers have weighed in on Thursday's attacks.
If you were thinking federal government spending might slow down a bit after the national debt crossed the $22 trillion mark - well, it didn't.
Last month, the federal budget deficit came in at $208 billion, according to Treasury Department data. It was the largest May deficit in history.
Uncle Sam spent $440 billion last month, up 21% year-on-year. Receipts increased to $232 billion, up 7% from May 2018.
U.S.-Russia ties remain strained by everything from Syria to Ukraine as well as allegations of Russian interference in U.S. politics, which Moscow denies.
A star fund manager’s stumble over liquidity is just a beginning. Far more will fail the test when there’s a downturn.
Traders question European Central Bank’s ability to deliver promised support.
    Trade War, Brexit and Italian Debt Are Major Concerns
Jun 13, 2019 - 05:47:54 PDT
The Swiss National Bank (SNB) is watching the U.S.-China trade war, Brexit and the Italian fiscal situation "very closely," after it held its policy of negative interest rates and readiness to intervene in foreign exchange markets.
    Eurozone: Inflation Expectations Taking a Nose-Dive
Jun 13, 2019 - 05:44:20 PDT
The 5y5y inflation swap rate declined to 1.18%, setting another all-time low print.
Another billionaire investor likes gold.
During an interview on Bloomberg TV, Paul Tudor Jones didn't mince any words when asked about his view on the markets.
I think one of the best trades is going to be gold."
uro zone industrial production fell for a second consecutive month in April due to a sharp decline in Germany and a slight fall in Italy, data showed on Thursday.
    Auto Demand Facing a ‘Sustained Downturn' - Bloomberg
Jun 13, 2019 - 04:54:48 PDT
Global automakers are rapidly downshifting, two leading industry watchers said Wednesday, as demand falters in the world’s largest car markets -- China and the U.S.
    Kurd Says He Can Do "Whatever It Takes" - Bloomberg
Jun 13, 2019 - 04:48:52 PDT
Would anyone believe him? The widespread notion that the BOJ is out of ammunition is nonsense, according to its governor, who says he still has the capacity to do grand things.
    Investors Believe 'This Time It's Different'
Jun 13, 2019 - 04:39:26 PDT
Howard Marks is worried to hear investors say "this time it's different" or openly wonder if the bull market "can only get better forever."
    Rickards: If Gold Was Just a Barbarous Relic...
Jun 12, 2019 - 13:48:16 PDT
Russia’s deeper purpose for accumulating large amounts of gold... “The dollar’s days as the leading reserve currency are numbered”... 
    Gold Traders’ Report - June 12, 2019
Jun 12, 2019 - 13:14:21 PDT
Gold rebounded last night, advancing in a range of $1326.10 - $1338.40. It tripped some buying over yesterday’s $1330 peak to reach its high, where resistance at $1338 (6/10 high) held.
    What a U.S. Rate Cut Could Mean for Gold Prices
Jun 12, 2019 - 13:10:32 PDT
The thing about rate cuts, though, is that they’ve often telegraphed a recession...
John Williams will discuss why he still believes that hyper inflation will take place even though recent history suggests with so much worldwide debt deflation will prevail.
Another month, another frightening jump in the US budget deficit. And this time with a record surge in government spending to boot.
While it is fashionable to talk about Venezuela and its notorious shortage of basic goods such as toilet paper, flour, and milk Cuba is now implementing a rationing program to combat its very own shortages...
    California's "Staggering" Homeless Count
Jun 12, 2019 - 11:03:20 PDT
California officials are struggling to grasp that the number of homeless already exceeds the official count of 129,972 for the entire state in 2018, and will almost certainly surpass 150,000 when those counts are finalized in December 2019.