"December is usually near the annual low point in terms of listings, but not in 2018, when listings in December were higher than in each of the first five months that year."
Wall Street has been on a roller coaster ride over the last few months. If you listen to the pundits on the financial networks, you'll hear the word "volatile" used over and over again. That word certainly seems to describe the current state of US stock markets and in a broader sense the economy. But during a recent interview on RT News with Rick Sanchez, Peter Schiff said it's not that the economy is volatile. It's actually a bubble. And we are on the verge of a bigger crisis than the one we went through in 2008.
"The global geopolitical environment is at its most dangerous in decades, according to Eurasia Group, the consultancy founded by Ian Bremmer. Here is a look at Eurasia’s top predictions for risks that could impact the world in 2019."
"A horrific outcome for market participants would be if even a positive resolution to trade wars cannot change the structural business cycle realities and a global recession ensues as evidenced by slowing production, revenues and earnings."
“We’re constructive on gold. We think it’s going to be a valuable portfolio hedge. We’re multi-asset investors: we think about its effect on the entire portfolio, and what we see value in right now is gold’s value as a diversifier.”
"How will they bring those employees back, and will they be compensated while they're working? Those are some large questions that haven't been answered, even though they said refunds would be processed."
“The upshot is that while China is currently slowing faster than the U.S., by the spring we expect growth in China to start to pick up, even as the U.S. continues to slow down. Everyone loses in a trade war.”
"The National Federation of Independent Business small-business optimism index fell 0.4 point in December to a seasonally adjusted level of 104.4, the lowest in 14 months."
"The lesson seems clear enough: Banks should raise capital while they can, and before they have to. The Federal Reserve apparently hasn’t learned it."
"Industrial output from Europe’s largest economy has been slowing down each consecutive month, since September 2018, with the drop accounting to 4.7% on an annualized basis."
2018 ended up as the worst year for US stocks in a decade. And last month ranked as the worst December on Wall Street since 1938. But if you owned gold, things weren't quite as painful for you as they were for investors without any of the yellow metal. While stocks sagged, gold rallied.In fact, gold outperformed the S&P 500 in December, through the fourth quarter, and over the entire year.
"Washington has made no specific demand to which Beijing can respond. But its efforts may have an unexpected side effect: a debt crisis in China."
"At the risk of spilling any state secrets, the only way pension managers had a chance to meet 8% return assumptions in a 1% risk-free world was to stretch into the deepest corners of risk assets, now blowing up."
"The minutes also revealed that the projects were a fount of corruption, with valuations of the deals priced at above-market rates so that some of the money could be diverted for 'other needs."
This is Part 2 of last week's video, initially sent out to Insiders only. We've seen quite a demand for info on where to get started with crypto assets, so the decision was made to release this Insider video publicly.
Lior agrees that the outlook for gold and silver is improving dramatically. Here's why...
"Is China's 'signal' an explicit warning of the end to the dollar era that has existed since August 1971, when gold as the ultimate money was driven out of the monetary system?"
Keith is cautious in taking the position the precious metals are likely to rise in price, but there's a good reason for his caution. Here are the details...
While a myriad of forces pushed the gold price around in 2018, it basically ended the year flat. This report recaps the year in gold, shows how it compared to other asset classes in both short and long timeframes, and explores the factors to watch in 2019.
"The share of Americans who think it is a good time to buy a home just dropped sharply, according to a December survey from mortgage giant Fannie Mae. Higher mortgage rates and higher home prices are likely to blame."