When the Fed finally loses control of the economy once and for all, does anyone dare imagine how widespread and profound the damage as the piper is finally paid for all its arrogant, profligate money printing? Who will bail out the Fed?
Presidents Xi Jinping and Putin are making things happen as the G7 bickers in Canada, and the gold Xi just gave Vladimir is eye-popping...
Does the Buffett Indicator suggest to you that it’s a good time to buy stocks? Only if you think a valuation higher than immediately prior to both the dotcom meltdown and Great Recession represents a smart ‘risk on’ buying opportunity.
A full-throated expose of how the Fed benefits elites at the expense of ordinary people.
China’s efforts to connect the world’s third-biggest bond market with the international financial system are hitting dual headwinds -- a climb in global borrowing costs, and the country’s own campaign to reduce financial leverage.
ZIRP and QE drove stock markets higher. ZIRP and QE are over.
U.S. mutual funds gobble up $45 billion: EPFR Global. European equity, emerging-market bond managers hit by outflows
A disappointing reading on Japan's economy, which suddenly seems to be faltering after two years of steady growth, raises the possibility that it is peaking just as trade friction with the United States escalates.
Fed expected to tighten, ECB to map exit, BOJ to hold course. Global growth is firm but the outlook has become uncertain
Whoever owns the Fed dictates monetary policy, and with it, a stranglehold perpetually extracting wealth and quality of life from everyone who isn’t in the wealthiest 1%.
Deutsche Bank-Commerzbank merger is exactly what nobody wants right now.
That's from self-proclaimed, "Public Enemy Number 1 for the conspiracy theorists and people who run around with aluminum foil hats on". Here's more...
Trade in the world of a FIAT RESERVE CURRENCY is a far more complex problem than mere invocation of national security concerns. Did the rules change with the end of the Bretton Woods fixed-currency era?
Donald Trump and other leaders clash ahead of what could be an acrimonious meeting in Canada.
Outcry as country requests assistance from international lender after peso plummets
May averts cabinet crisis but doubts remain about UK’s ability to return to sovereign rule
The DX was caught in the cross-currents, and traded a bit lower, but remained between 93.30 – 93.45. Gold traded sideways between $1296.50-$1299, and was $1297 bid and unchanged at 4PM.
After hitting the highest level in more than a year last month, gold continued to flow into ETFs in May. But regional trends have reversed with European and Asian funds adding gold, as the yellow metal flows out of North American funds.Global gold-backed ETF holdings added 15 tons of the yellow metal in May, boosting total holdings to 2,484 tons, according to the latest data released by the World Gold Council.
Are you depending on Social Security and Medicare for your retirement?You might want to rethink that plan. These government retirement programs are going broke even faster than expected.
This update is in response to a standing request for real (inflation-adjusted) charts of the S&P 500, Dow 30, and Nasdaq Composite. Here are two overlays —