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Bloomberg: "Trump Orders Thousands Back to Work Without Pay to Blunt Shutdown"Jan 16, 2019 - 05:17:34 PST
"The Trump administration has ordered thousands of furloughed federal employees back to work without pay to inspect planes, issue tax refunds, monitor food safety and facilitate the sale of offshore oil drilling rights."
Last February, we asked the question: who will buy all of this US debt?With the demand for US Treasuries dropping precipitously as the US Treasury floods the market with paper, it's time to revisit that question.
"Over the next year we can expect both Barrick and Newmont to clear out their books of non-priority assets. As a result, there will be opportunities to pick up overlooked properties, perhaps at fire sale prices."
Full Speed, Debt Ahead: China Injects Massive $83B in Open-Market StimulusJan 16, 2019 - 04:37:14 PST
"In open market operations, the People’s Bank of China (PBOC) injected 350 billion yuan through seven-day reverse bond repurchase agreements and 220 billion yuan through 28-day reverse repos."
Draghi Expresses Suprise That Eurozone Facing Difficulty Without StimulusJan 16, 2019 - 04:27:43 PST
"The central bank moved only last month to phase out a key stimulus tool, its €2.5 trillion ($2.85 trillion) bond-buying program, in a first step toward higher interest rates."
Investment Bank Best Known for Fraud Investigates Self to See if It Committed FraudJan 16, 2019 - 04:18:29 PST
Federal government raids, the Panama Papers...now Deutsche Bank announces an "internal investigation" to see if it helped Danske Bank in committing the largest money laundering fraud in European history.
"The hard, cold reality is that they've already missed a paycheck and soon they'll be asked to work for free for as long as the shutdown lasts."
PG&E Bankruptcy Sets up $17B Investment-Grade Bond Default, 3rd-Largest Since 1998Jan 16, 2019 - 04:08:15 PST
"In terms of sheer scale of a default from an investment-grade issuer, BAML found only Lehman Bros. and WorldCom would rank above the PG&E."
The federal government shutdown drags into its fourth week. Will the shut down boost gold prices? Here's some insight...
"...they have begun to move higher after bottoming for good back in November". Where are gold & silver headed for the rest of the year? Craig explains...
The U.S. Federal debt bomb continues to increase, even with the government shut down. In just one day, the U.S. public debt increased $50 billion on Jan 15th. While the total outstanding Federal debt has now reached nearly $22 trillion, it doesn't include all U.S. government debt. That's correct... there's a lot more debt than...
The US 10-year yield – which had declined to 2.697% on the Brexit vote – recovered to 2.717%. The DX hovered around 95.95, and gold slid to $1,289 for a $2 loss.
It's on to "Plan B" for the UK's exit from the eurozone. Except there is no Plan B.
"...this stock is an easy double from its current price."
Hackers Broke Into an SEC Database and Made Millions on Non-Public InformationJan 15, 2019 - 10:16:43 PST
"The scheme allegedly netted $4.1 million for fraudsters from the U.S., Russia and Ukraine."
Charles Hugh Smith: "As Germany and France Come Apart, So Too Will the EU"Jan 15, 2019 - 09:45:12 PST
"When is a nation-state no longer a functional state? It's an interesting question to ask of the European nation-states trapped in the devolving European Union."
"The global debt-to-GDP ratio exceeded 318 percent in the third quarter of last year, despite a stronger pace of economic growth."
The outlook is bullish for gold, the gold sector, and the commodities in 2019. Come on in to read and see the robust reasons why gold is set to soar...
White House Doubles Its Estimate of How Much Economic Damage the Shutdown Will DoJan 15, 2019 - 07:35:40 PST
"The administration now believes the impact will double, due to greater losses from private contractors also out of work and other government spending and functions that won't occur."
"Wells just reported that the all important for the US housing market Mortgage Applications number, tumbled to just $48 billion, the lowest since the financial crisis as the US housing market grinds to a halt."