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China's Debt Bomb Is Back: Beijing Injects Most Ever Credit For Month Of MarchApr 12, 2019 - 07:33:10 PDT
One month ago, we asked if that was it for China's "Shanghai Accord 2.0"? Turns out the answer was a resounding "no."
Germany’s leading economic institutes last week also revised down their 2019 growth forecast to 0.8 percent from a previous estimate of 1.9 percent.
Interestingly, the impact of the tax reform legislation on consumer confidence has all but disappeared...
Gold has been rangebound for months, gyrating up and down around the $1,300 mark. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about this "wash, rinse, repeat" cycle we're seeing in the precious metals markets and then pivots into a discussion of some more fundamental dynamics. Mike touches on the financial condition of the US federal government, surging central bank demand for gold and the positive dynamics he's seeing in the silver market.
A quick reversal could reverse the slide in economic growth, but the lags are long. It appears that history is being repeated – too tight for too long, slower growth, lower rates.
“This is an element of hidden leverage that is not appreciated,” says Jeffrey Snider, global head of research at Alhambra Investments. “We are eventually going to have a shock.”
Wells just reported that the all important for the US housing market Mortgage Originations number, tumbled to just $22 billion, the lowest since the financial crisis and a big surprise in light of the recent drop in mortgage rates.
What was a muted overnight session, suddenly spiked higher after a sharp rebound in Chinese trade data coupled with a surge in Chinese credit creation, bolstered risk assets across the board, and sent S&P futures sharply higher, back over 2,900.
Still, when the next downturn arrives, simply reverting to quantitative easing or other unconventional policy alone won’t be enough and fiscal policy will need to play a role...
Now that the global economy has begun to pull-back, here's a look at what this slowdown means for gold investors...
Democrats have been seeking a much larger investment than Trump and fellow Republicans in Congress have suggested.
China has lent trillions of dollars to other countries, including the U.S.
We’re hearing the same thing… it’s exactly what we heard with subprime mortgages.” Sheila Bair
There’s precedent for a president politicizing the Fed. In the early 1970s, President Richard Nixon repeatedly pressured Fed Chairman Arthur Burns to lower rates and make other moves to reduce unemployment...
Grant's Interest Rate Observer Founder and Editor James Grant and CNBC's Rick Santelli discuss the fed chasing its tail and rates.
Gold softened overnight, moving lower in a range of $1298 - $1309.25 while fading a firmer US dollar (DX from 96.88 – 97.08). The DX was boosted from weakness in the yen (110.89 – 111.28, improving risk sentiment), pound...
Harvey Organ: Gold Rises For 4 Days In-A-Row Yet The GLD Has 4 Consecutive Withdrawals?April 11, 2019
Harvey says we are coming to the bottom of the barrel with respect to the physical gold held at the GLD. Here's why...
Posing a big risk to the financial system - Nonbank lending, an industry that played a central role in the financial crisis, has been expanding rapidly.
To listen to some talking heads, everything is beautiful. But according to the bond market, everything is not beautiful. In fact, there is concern about global economic growth and financial fragili…
Markets failed to be efficient at the time of the dot.com bubble. And, it appears, they are back at the same game