Precious metals are apparently waking up. And here is where you can find the best deals.
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And as if that wasn't enough to rain on an administration already "not happy" about rising Fed rates, he continued:: "You better be prepared to deal with rates 5 percent or higher – it’s a higher probability than most people think.”
Household equity allocation, price/sales ratio, price/book ratio, Q ratio, Buffett’ Indicator, dividend yield, Shiller P/E (‘CAPE’), Price/earnings ratio: All agree we are in a market well-extended beyond its underlying value.
As mentioned last week by Jesse Crossroad Cafe, many commodities and especially precious metals appear to currently be the inverse trade of the DXY or fiat US dollar vs other […]
When the Best Long-Term Investor's Favorite Metric Says Stocks Are Screamingly OvervaluedAug 6, 2018 - 06:26:31 PDT
“Does this mean stocks will crash tomorrow? Probably not (it’s anybody’s guess when). But we’ve seen the ‘smart money’ already bailing out of equities. And when the downside does come — it’s sudden and swift.”
"The mainstream financial media swallows the bogus 'growth' story without question because that story is the linchpin of the entire status quo: if it's revealed as inaccurate, i.e. statistical sleight of hand, the whole idea that 'growth' can effortlessly fund all future obligations goes up in flames."
Pride Goeth Before a Fall: Fed's Bullard Thinks Fed Action Can Eliminate RecessionsAug 6, 2018 - 05:48:13 PDT
A new level in the perpetual Fed rah-rah that everything is great now and always will be great in the future, even though they are batting .000 with this longtime approach. James Bullard, St. Louis Fed President, thinks the Fed can interfere in markets enough to do away with recessions altogether.
When debt added to debt piled on more debt yields less and less economic growth, and your solution is...more debt.
What is worth spending tax receipts on is an endless debate about value per dollar spent. But currency that is used to pay interest on past debt? Nothing in return. Zero value. A half trillion in USD will get hoovered into this great vacuum of nothing this year alone, and as interest rates and the federal deficit rise, ever more.
Lynette Zang goes over different scenarios which could play out in the coming economic collapse to help people understand what could happen...
SD Metals & Markets: Craig Hemke is here to discuss Chinese Yuan / Gold price inverse correlations this summer 2018. The Chinese yuan is devaluing hard yet the prices of […]
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.
OK, I'm not endorsing crime here. But I have to admit, I admire the creativity and work ethic some criminals put into their craft. I always wonder what some of these people could make out of themselves if they would channel their talent into more socially constructive channels.Take these guys from Australia. They pulled off one heck of a gold heist using a stolen sewage truck.
The economy is booming - or so we're told. But the federal government is borrowing money like we're in the midst of a deep recession.Long-term US debt sales have risen to a level not seen since the height of the Great Recession. Meanwhile, the Treasury Department announced the creation of a new benchmark short-term 2-month Treasury bill.All of this is in an effort to cover a rapidly upward-spiraling national debt even as some of the big players in the bond market sit on the sidelines.
Economically, it's not just job creation that matters, it's what kind of jobs are being created. "As the latest data reveals, the recent surge in hiring of less than college grads, confirms two things: wage growth will remain anemic at best, and productivity - that key component of GDP - will continue to shrink."
The following is a post by long time financial commentator Jesse Crossroads Cafe blog. He maintains that interested onlookers keep a steely eye on physical ‘gold float‘ supply availability from […]
Being facetiously proud back-linked members of the Russian propaganda propornot echo chamber. We by indictment, are required to fill your screens with further ‘fake news’ as to why Russia keeps […]
"Although Trump claimed last week that his administration had cut the trade deficit, it’s actually still going up. The U.S. trade deficit added up to $291 billion in the first six months of 2018, compared with $272 billion in the first half of 2017."
Americans' Real Wages Plummet by Largest Amount Since 2012, Now Y-o-Y NegativeAug 3, 2018 - 07:10:06 PDT
"But, but, but... there's no slack in the labor force, we're at maximum employment, this is the best economy ever?" When all the spoils of short-term, debt-rigged economic "growth" are hyper-concentrated among the wealthiest.
Suddenly, Everywhere You Look, Signs of a Real Estate Market at Peak BubbleAug 3, 2018 - 06:57:50 PDT
The highest-mortgage rates in years won't help. "The recent rate rise comes even as momentum in the housing market appears to be sputtering. Sales of previously-owned homes fell to the lowest point in five months in June, and sales of newly-constructed homes also tumbled. Even the white-hot price growth of the past few years seems to be decelerating."
A Drawn and Halved Economy: Booming Headline Growth, All-Time Record DeficitsAug 3, 2018 - 06:00:52 PDT
Why is federal debt skyrocketing despite the economy's gaudy macro headline numbers? "Booming economic growth has not been sufficient to lower the budget deficit — in fact, the deficit and Treasury borrowing are headed sharply higher, and virtually no one in Washington seems to care."