Precious metals are apparently waking up. And here is where you can find the best deals.
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(2Y Italian Yield Spikes 153 BPS). A general rule of thumb is that whenever sovereign yields spike by over 10 basis points, it is a big deal. So Italy and Greece 10-year sovereign yields spiking over 40 basis points this morning is a big deal! The third PIG (Portugal) is up 11.3 BPS. For the 2-year sovereign debt, Italy is up…
“Until inventories increase faster than sales, or the economy slows significantly, home prices are likely to continue rising.”
"This was inevitable from the get-go. The fatal flaw was baked into the cake."
The Millennials are Not Coming to Save the Market.
"A U.S. recession will spark higher federal spending and reduce tax revenue. So I expect the on-budget deficit to quickly reach $2 trillion or more."
According to Blackstone's Joseph Zidle, there's evidence that rising inflation will tear into corporate profits & stretch consumers within the next 12 months.
About three-quarters of OECD members are basing their fiscal policy on some kind of stimulus, Secretary-General Jose Gurria told CNBC.
It’s not just America. New data show people all over the globe don’t understand basic concepts of investment and inflation.
Back in January of 2016 we saw what appeared to be, and in my opinion should have been, the end of the Everything Bubble blown by the word's central banking cartel.The carnage started in the emerging markets. Highly-leveraged positions and carry trades began to unwind. That's a fancy way of saying that all the big, sophisticated
Commenting on today's sheer market chaos as the US and UK return from holiday, Bloomberg writes that "fixed-income markets have descended into panic amid mounting concern over the risk of Italy leaving the euro or leading to its break-up" and while Italy is suffering the biggest losses in peripheral debt, core bonds and Treasuries are spiking higher.
China has doubled down on steps to cut leverage in financial system after President Xi Jinping consolidated power.
"everything points to a significant rally in Gold...The only caveat that remains is positioning in the..."
The Fed should slow its pace of policy normalization to help re-align price expectations around 2 percent and maintain the credibility of its inflation target, Federal Reserve Bank of St. Louis President James Bullard said Tuesday in Tokyo.
A surging dollar and a capital flight from emerging markets may lead to another “major” financial crisis, investor George Soros said, warning the European Union that it’s facing an imminent existential threat.
Fixed-income markets have descended into panic amid mounting concern over the risk of Italy leaving the euro or leading to its break-up. While Italy is suffering the biggest losses in peripheral debt, core bonds and Treasuries are spiking higher. The risk-off sentiment is spreading across assets, with Italy and Spain leading declines in European stocks and U.S. equity-index futures also sliding. The euro is under pressure, while haven demand pushes the yen and USD higher along with gold.
A worsening political crisis in Italy provoked a second day of selling on European markets, with the euro cut to an 11-month low, stocks punished and short-term borrowing costs surging for the government in Rome.
While researching the current state of the gold market for an upcoming presentation, Mike Maloney came across some fascinating data - the 'Registered' gold stored in COMEX vaults has practically vanished. Mike's new presentation will be available in the coming weeks, stay tuned for details.
"Let’s break down how a triangle trade involving Iran, Russia and China works using gold…"
Yet another sign that China's yuan is on the rise. Here's the latest nail in the U.S. dollar coffin with the ongoing shift from West to East...
"To achieve long term bullion depository success, one must understand the risks one assumes with..."