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Affordability Crisis: Home Prices Must Come Down, Can't Outrun Wages ForeverFeb 22, 2019 - 06:59:56 PST
"The market, if it’s allowed to, can fix the affordability problem that exists in many cities in the US by finding price levels were first-time buyers can afford to buy a home with the income they’re making."
"A widely-watched measure of how much businesses are investing fell for the fourth time in five months at the end of 2018, signaling firms are feeling less confident in light of domestic and global economic uncertainty."
JPMorgan Cuts US Q1 2019 GDP Growth Estimate Again, Now Down to Just 1.5%Feb 22, 2019 - 06:22:54 PST
"Durable goods orders rose less than forecast in December with core capital orders posting a surprise drop."
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.
Charles Hugh Smith: Homeless Encampments and Luxury Apartments: Our Long Strange BoomFeb 22, 2019 - 06:09:12 PST
"The cold truth is homelessness and soaring rents are the only possible outputs of central bank policies that inflate asset bubbles."
If You Flip-Flopped and You Know It, Raise Your Hand: The Fed's New Dead-End StrategyFeb 22, 2019 - 06:01:07 PST
"By capitulating, the Fed has reinflated stock prices this year, but at the cost of leaving it with less ammunition to deal with the next recession."
Feb 22, 2019 - 05:50:23 PST
"Members of the public may be able to print their own single-use banknotes with integrated QR codes in the future, the head of the Netherlands Bank’s cash policy department said."
"Sleepwalking Into A Crisis": The Transatlantic Epidemic of Reitrement UnpreparednessFeb 22, 2019 - 05:29:11 PST
"With low saving rates, out of control inequality, and volatile markets, retirement for future generations will be a financial nightmare."
Bloomberg: "Shades of 2007 as Volatility Markets Ignore U.S. Recession Risk"Feb 22, 2019 - 05:05:44 PST
"The renewed rally in U.S. equities has left volatility markets showing little concern that the good times will end any time soon. Recession models beg to differ."
"Will Nasgovitz, who oversees $1.3 billion in assets as the chief executive of Heartland Advisors, isn’t exactly predicting smooth sailing in the stock market."
More Gold Industry Consolildation? Barrick to Make $19B Hostile Bid for Newmont?Feb 22, 2019 - 04:08:14 PST
Barrick and Newmont have been attempting some sort of merger for years, but it seems Barrick's late-2018, $18.3 acquisition of Randgold only whetted its appetite to more aggressively expand its asset base.
"...movements are forcing me to adopt a cautiously pessimistic stance on gold and what could be best described as a hopefully optimistic stance on silver..."
"it is very troubling that Americans are unable to afford home purchases with the 30-year mortgage at just 4.5%... the Fed may have no choice but to keep rates flat to avoid a housing market crash."
Wolf Richer: I Read the Mind-Numbingly Boring Fed Minutes so You Don't Have ToFeb 22, 2019 - 03:27:47 PST
"These minutes are always the most repetitive prose available in the English language. They’re clearly designed to not ever be read by a human. So I sorted it out. Here we go."
Shareholders in gold-mining companies might be equally entitled to some puzzlement about this...
The top silver expert shares his forecast for precious metal prices with Silver Doctors, and he also shares his thoughts on the gold-to-silver ratio...
Many reports are making the rounds about all of the central bank gold buying, but what's the importance of the buying? Here's some insight...
The US 10-year yield ticked down to 2.685%, while the DX edged lower to 96.60. Gold had a modest bounce to $1,327 before some late session, end of week profit taking knocked it back to $1,324 bid at 4PM with a loss of $16.
The First Step Is Admitting You're Powerless: Fitch May Downgrade UK's AA RatingFeb 21, 2019 - 10:46:46 PST
"Fitch Ratings said on Wednesday it may downgrade the United Kingdom’s ‘AA’ debt rating based on growing uncertainty about the negotiations between Britain and the European Union over the nation’s departure from the economic bloc next month."
Turkish Lira Getting Cheaper, but Tayyip Erdogan's Talk Is Cheapest of AllFeb 21, 2019 - 10:04:25 PST
The unemotional realities of a currency's hyperinflation will trump fevered patriotic talk every day of the week. As Erdogan exhorts Turks to sell dollars and buy lira in the name of nationalistic pride, they're doing the exact opposite.