Argentina suffered yet another so-called “currency crisis” last week. On Thursday and Friday the Argentine peso (ARS) depreciated 9% against the U.S. dollar (USD), falling from roughly 20.50 ARS per USD to 22.25 per USD.
The North American & European paper gold ETF market is seeing solid demand and purchasing of paper gold products. Here's the details...
"Private, legal transactions will become illegal or impossible in a cashless society when every financial transaction is being monitored and scrutinized."
"Wage growth is supposed to increase at the end of the labor market cycle as the demand for labor exceeds supply."
The debt to GDP ratio is interesting. The USA is at about 103% and China is at 250%. The ratio is at 180% for Greece and France is at 96.5%. If we used exclusively these numbers, China should be worse than Greece.....
Hoisington's Lacy Hunt & CNBC's Rick Santelli discuss monetary deceleration, yield curve flattening & global debt.
The conclusion that gold serves the same role as a stop loss – helping to insure & protect my life savings from runaway inflation.
The economic expansion that began in mid-2009 already ranks as the second-longest in U.S. history most likely will end in 2020
The central banks and smart money, with access to powerful data and financial advisers, are buying gold. Here's why it matters...
Among the mysteries: why the country’s record hoard of currency reserves did so little to stem the crisis.
"When credit growth drops below 2%, a recession almost always follows. Credit growth is down to 0.6% since the beginning of the year. That is ugly."
Bannon cited “negative interest rates” as a reason it made sense to borrow money for infrastructure.
"The Fed has created a perfect storm of combined deflationary and inflationary factors; an economic bomb to surpass all economic bombs."
The Leuthold Group's Paulsen stocks could soon retest this year's correction lows due to rising inflation
Oil prices could rally to $100 a barrel next year, a level not seen since 2014, as supply risks in Venezuela and Iran strain global markets, according to Bank of America Corp.
More than double the 17% they held before the financial crisis less than a decade ago...
"Stagflation would not only increase credit defaults but put significant pressure on stock prices and other risky assets that stand at elevated valuations based on low-interest rates."
North American gold-backed exchange traded funds saw inflows in April at the highest since September 2017, as a U.S.-China trade war stand-off, tensions over Syria and worries over possible U.S. sanctions on Russia ushered in safe-haven purchases.
"Trump will put pressure on Powell to keep interest rates low even if it means risking faster inflation that can eventually spin out of the Fed’s control and destroy Americans’ purchasing power."
(CPI YoY Up Slightly To 2.5% YoY) Inflation Mystery! Where is the inflation that former Fed Chair Janet Yellen said was "just around the corner"? The consumer price indices for April are out and they should a small increase in core CPI (ex food and energy) YoY After a couple of months of rising consumer prices, there is a slight cooling. The USD Inflation…