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As Homebuilders Stocks Collapse. This is the seventh month in a row of annual declines in existing home sales...
Social Security will pay a 2.8% COLA to reflect rising prices. But one of the biggest price increases is for housing. Since 82% of retirees own their homes, rising home prices make them richer, not poorer. Accurately accounting for retiree housing costs could cut the Social Security deficit by 20%.
The Dow “Smart Money” Flow index has dropped to its lowest level since April 2009. The Smart Money Flow Index is calculated by taking the action of the Dow in two time periods: the fir…
"The Yuan price of gold surged overnight to above CNY 8500 per ounce which is a major breakdown But it’s also indicative of something that has long been suspected during this gold bear market."
Pacific Investment Management Co. is prepping for the next downturn, betting high-fee private funds can turbocharge its growth.
The first contemporary global financial crisis unfolded on October 19, 1987, ... the Federal Reserve’s response set a precedent for the central bank’s use of “liquidity” to stem financial crises...
Italy could plunge the eurozone into an unmanageable crisis, warns Ashoka Mody.
Strategists expect China's weakening currency to eventually fall through a key psychological level that could spark an even steeper drop and no doubt draw a new round of criticism from the Trump administration.
China said on Friday its economic growth slowed to 6.5 percent year-over-year in the third quarter of 2018, missing expectations.
Rents fell in more than half of the 35 largest U.S. markets in September, with the biggest declines in Portland, Oregon, where they dropped 2.7 percent, and Seattle, with a 2.2 percent decrease.
The potential for higher borrowing costs to inflict damage on household finances has grown in the era of extraordinarily easy monetary policy.
Michael Ballanger: The INCREDIBLY BULLISH Set-Up For Gold May Be THE LAST TIME IN HISTORYOctober 19, 2018
Michael is feeling pretty bullish right now. He says this may be the last time in history we see this specific thing happening in gold. Here are the details...
There have been two straight months of substantial declines in the BIS' largely surreptitious intervention in the gold market. Here are the details...
"Gold is still driven by the yuan, and the yuan is still determined by developments between the U.S. and China."
On Tuesday, US stock markets rallied. The Dow was up over 500 points. That led a lot of people to conclude that the recent declines were just a correction. But as Peter Schiff pointed out in his most recent podcast, bear markets have rallies. Just because the market goes up a few days doesn't mean we haven't entered a bear market. The fact is — at this point we just don't know.But the dynamics are in place for a bear market. In fact, Peter has said the recession is obviously coming.
The US national debt increased by $1.27 trillion in fiscal 2018. If you expected the pace of borrowing to slow in fiscal 2019, you'll be disappointed. In just the first 11 business days of the new fiscal year, the US government added another $138 billion of debt to the total. That brings the total national debt to a staggering $21.654 trillion — or as Wolf Street put it "debt out the wazoo."Meanwhile, the two biggest buyers of US Treasuries are in a selling mood.
Gold traded either side of unchanged last night in a range of $1218.70 - $1225.20, largely fading movement in the US dollar. Gold fell to its $1218.70 low during Asian hours as the DX climbed to 95.78
The IMF Global Financial Stability report, released on 10 October, highlighted an increase in the level of risk among multiple global metrics. Following its publication, stocks in the US, Europe and Asia lost 4%, 3% and 4% respectively over three days. While the market has regained some of its early losses, we believe the report and the subsequent market pullback underline the relevance of holding gold in the near and long term.
The share of precious metals in the country's foreign reserves has reached a record 18 percent, closely approaching the share of dollar investments.
Moscow and Beijing are working on an inter-governmental agreement to expand the use of the ruble and yuan in mutual trade settlements, Russia announced on Thursday.