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Fall in growth expectations leaves asset managers facing ‘cognitive dissonance’
For the world economy there are dark clouds looming on the horizon.
The European Union is working with China to ensure that multilateral trade doesn’t come to an abrupt end.
China’s yuan fixing on Tuesday gave a hint that the nation’s authorities may be growing concerned about the pace of the currency’s decline...
Bank of Japan policymakers said the central bank should "patiently continue" its powerful monetary easing but attention must be paid to the potential side effects of prolonged easy policy, a summary of opinions at the June review showed.
European Central Bank officials could start to discuss raising short-term interest rates from autumn next year, a top ECB policy maker said, amplifying the caution expressed by the bank’s President Mario Draghi in recent days.
The Federal Reserve's effort earlier this month to tamp down the rise of its benchmark interest rate already isn't running as smoothly as it might have anticipated.
"Gold traded mostly sideways in Friday’s day session. In the overnight session that trend continued. We are still working on a..."
Dave Kranzler says Fed "intervention makes it next to impossible to forecast...It’s this way now with all markets, not just gold and silver." Here's more...
Rob Kirby: There Is A Reason Russia And Others Are Dumping U.S. Bonds But Yields Aren't SpikingJune 25, 2018
Rob gives a timely update on the recent price suppression of gold & silver and the propping-up of the U.S. Bond market. Here's the details...
The DX rose to 94.35, and gold was $1266 bid at 4PM with a loss of $4.
The idea that a trade war between US and China is good for the dollar is complete nonsense, according to investor Peter Schiff. He believes that greenback will only depreciate.
An escalation of protectionist measures could spark a fresh downturn just as the global economy is picking itself up after the last one, the international body that represents the world’s central banks has warned.
"I have never understood why it is greed to want to keep the money you have earned, but not greed to want to take somebody else's money." - Thomas Sowell
The Dow Jones was up Friday, avoiding it ninth consecutive down day. As Peter Schiff noted on his most recent podcast, such a long stretch of declines is pretty rare. Eight straight down days has only happened 43 times since the Dow launched in 1896. The last time we had nine straight days of Dow Jones decline, Jimmy Carter was president.Peter said this is a little ironic because he sees another Carter-era phenomenon on the horizon - stagflation.
We've written a lot about government debt and warning signs in the Treasuries market. The US government needs to sell over a trillion dollars in bonds a year over the next few years to finance its skyrocketing deficit. Who exactly will buy all of these government bonds remains unclear and the impact on interest rates could send shockwaves through the entire US economy.Equally troubling, but less often discussed, are the risks piling up in the corporate bond market.
Gromen: The Dollar Is Rallying Because The Fed Is "Shooting The Hostage"Jun 25, 2018 - 14:27:40 PDT
...all of this has spooked the Fed into trying to protect the dollar by hiking interest rates more quickly, which raises the question: will the Fed opt for more of what Gromen calls "shooting the hostage?"
The Russians Are Coming! The Russians Are Coming! The Gold/Treasury Inversion Speeds UpJun 25, 2018 - 14:18:49 PDT
Most gold investors know that Russia has been accumulating gold at a rapid pace since the financial crisis in 2008. But now they’re suddenly dumping US Treasuries, too. In other words, they’ve ratcheted up their efforts to reduce their exposure to American fiat currency while simultaneously continuing their relentless accumulation of real money.
When you pair it with banning cash and going all-digital, you have nothing less than the complete loss of economic liberty and freedom of action in America. THAT’s what’s at stake here. Right now.
US President Donald Trump's goal is to keep China from using the 'nuclear option' of dumping US securities holdings – Max Keiser