- How Much More Proof Do We Need? Japan's Economy Contracts More Than Expected in Q3
In Japan, the land of the eternal stimulus package where the government has repeatedly shown it will go to any length to postpone economic reality until it is inevitably forced upon them, all the ZIRP and central bank buying in the world can't artifi…
- 2 hours ago, 14 Nov 18, 2:01pm -
- Holtz-Eakin: "Average American Is Blissfully Unaware of the Federal Debt Problem"
Presidential candidates lie to get elected. And one of the things they lie about most is what they will be able to accomplish without adding debt to the federal deficit. Which, to the average American, seems to impact things so little it might as wel…
- 3 hours ago, 14 Nov 18, 1:46pm -
- German Economy, the Engine of the Eurozone, Shrinks for the First Time in 3 Years
"In what was its worst GDP print in three years, Germany saw its economy contract 0.2% in Q3, putting Europe's strongest economy on the brink of a technical recession and providing the clearest sign yet that economic growth in the euro area stalled j…
- 3 hours ago, 14 Nov 18, 1:29pm -
- Bloomberg: "Italy's Banks Leap Aboard a Burning Ship"
The lynchpin of the free market is that when companies make bad decisions that lead to their insolvency and inability to pay back debt, they must be allowed to fail.
- 3 hours ago, 14 Nov 18, 1:22pm -
- Where Are All the Macroeconomic Benefits of the Trump Corporate Tax Cut?
"Since the tax cuts were passed, the 1,000 largest public companies have actually reduced employment, on balance. They have announced the elimination of nearly 140,000 jobs — which is almost double the 73,000 jobs they say they have created.”
- 3 hours ago, 14 Nov 18, 1:06pm -
- John Bolton: US Debt Is a National Security Threat
“It is a fact that when your national debt gets to the level ours is, that it constitutes an economic threat to the society. And that kind of threat ultimately has a national security consequence for it," said John Bolton, President Trump's Nationa…
- 3 hours ago, 14 Nov 18, 1:02pm -
- Ray Dalio: Quarterly Filing Show His Fund Continues to Hold Huge Stakes in Gold ETFs
"Dalio’s Bridgewater Associates maintained its holdings in SPDR Gold Shares, the largest bullion-backed ETF, at 3.9 million shares, and its stake in iShares Gold Trust, the second-largest, at 11.3 million shares."
- 4 hours ago, 14 Nov 18, 12:58pm -
- Gold Traders' Report - November 13, 2018
Later in the afternoon, US stocks pared some losses (S&P finished off 3 to 2733). The 10-year yield slid to 3.141%, while the DX retreated to 97.20. Gold was $1,201 bid at 4PM – unchanged.
- 19 hours ago, 13 Nov 18, 9:15pm -
- Tariffic Irony: New US/China Annual Trade Deficit Record for First Time in 12 Years
After all the saber-rattling, all the jawboning, all the tit-for-tat tariff action: The US will almost certainly have the largest trade deficit it has ever had with China this year, the first time it has set a new record in 12 years.
- 20 hours ago, 13 Nov 18, 8:22pm -
- Rickards: "The Fed Is 'Triple Tightening' Into Crisis"
“The U.S. is now getting a triple shot of tightening in the form of higher rates, reduced money supply and a stronger dollar. At this rate, we may be in a recession sometime next year unless the Fed reverses course.”
- 24 hours ago, 13 Nov 18, 4:52pm -
- Bank of America: "The Big Low" Isn't Here Yet and Stocks Will Continue to Fall
"We remain bearish, as investor positioning does not yet signal 'The Big Low' in asset markets," Michael Hartnett, BofAML's chief investment strategist, said in a statement."
- 1 day ago, 13 Nov 18, 2:25pm -
- Americans Planning to Buy a House in Next Year Has Dropped by Almost Half in 9 Months
As US housing supply increases, US housing demand continues to drop precipitously. And the need for prices to come down -- way down -- is apparent: "About three-quarters of respondents — 79% — can afford fewer than half of the properties availabl…
- 1 day ago, 13 Nov 18, 2:25pm -
- Global Fund Managers More Bearish on World Economy Than at Any Time Since 2008
"According to the BAML survey, 44% of the fund managers expect global growth to decelerate in the next year, the worst outlook since November 2008. What’s more, 54% are anticipating a slowdown in Chinese growth in the next year, the most bearish th…
- 1 day ago, 13 Nov 18, 2:20pm -
- Corporate Debt Repayments Tick Up on the Strength of Repatriated Tax-Break Cash
Demonstrating the sort of forward-looking sanity that has been in short supply on Wall St. lately, public company corporate debt repayments increased to 14% of corporate cash outflows vs. same-period 5% in 2017 and 2016.
- 1 day ago, 13 Nov 18, 2:10pm -
- Mining.com: "5 Signs Pointing To A Gold Rally"
"Long-term oriented investors and speculators should be aware of the near-term trends but they should also be aware of the conditions that will lead to a shift from a bear market to a bull market. Here, we focus on five factors that precede major bot…
- 1 day ago, 13 Nov 18, 1:39pm -
- After JPMorgan Silver Trader Admits Manipulation, Ammunition for Other Lawsuits
"The secret guilty plea in October by a former commodity trader at J. P. Morgan Chase, who admitted that he rigged precious metals markets, drew the attention of a lawyer who has already accused the bank of similar conduct."
- 1 day ago, 13 Nov 18, 1:14pm -
- Goldman Sachs Bear Market Indicator Predicts 0% 12-Month Stock Market Return
"Goldman's bear market indicator — which takes into account the unemployment rate, manufacturing data, core inflation, the term structure of the yield curve and stock valuation based on the Shiller PE ratio — is at a rare 73 percent, its highest…
- 1 day ago, 13 Nov 18, 12:47pm -
- The "Buy It All" Insanity of the Bank of Japan: BOJ Assets Now Surpass Japan's GDP
For all the justifiable alarm about US bailout stimulus and asset buying, the Fed's balance sheet is still less than 25% (below $5T) US annual GDP (above $20T). Japan's Central Bank now owns more, over 100% of Japan's annual GDP.
- 1 day ago, 13 Nov 18, 12:36pm -
- Bank of France Teams With JPMorgan to Expand Central Bank Gold Bullion Services
As global central banks show more and more interest in acquiring gold bullion and Brexit looms, Bank of France is positioning themselves as a full-service shop offering not just traditional bullion sales but swaps, leases, and other derivative exotic…
- 1 day ago, 13 Nov 18, 12:31pm -
- Tariff Tactics and the Curious 300-Foot Beanbags of Lovington, Illinois
Because when you grow an enormous amount of soybeans, and your by-far primary-and-most-profitable market is shut off to you because of tariffs, it's all about creative storage techniques and the waiting game.
- 1 day ago, 13 Nov 18, 10:07am -
- The Land Where a 100% Annual Inflation Increase Is a Rounding Error
When you think of all the hand-wringing that goes on as the US obsesses whether or not inflation is running too hot by creeping just over 2%, it's difficult to imagine the realities of Venezuela, where 100% either way (149,900% right now, but not 150…
- 1 day ago, 13 Nov 18, 10:00am -
- Goldman Sachs Stock Has Worst Day in 7 Years as Multi-Billion-Dollar Fraud Fallout Weighs
The vaunted vampire squid investment bank, which is used to barging into any market that it pleases, making up its own rules as it goes along, and getting away with it forever, confronts a strange event: Consequences for engaging in clear, persistent…
- 1 day ago, 13 Nov 18, 9:41am -
- Why You Shouldn’t Sell Your Gold Bullion – GoldSilver
Is now a good time to sell gold? We look at the recent upsurge in gold buyers and why this may actually be a sign why you should hold onto your gold bullion.
- 1 day ago, 13 Nov 18, 9:01am -
- Best Way to Hide Gold and Silver at Home – GoldSilver
Conceal your precious metals from theft with our tips and suggestions for hiding gold and silver bullion in the living room, kitchen, bedroom or garden.
- 1 day ago, 13 Nov 18, 9:00am -
- Gold Traders' Report - November 12, 2018
The DX ticked up to a session high at 97.59 and gold was $1,201 bid at 4PM with a loss of $8.
- 2 days ago, 12 Nov 18, 10:00pm -
- Jeff Clark Presentation: Gold And Silver Stocks Are Literally Cheaper Than Dirt!
Join GoldSilver Senior Precious Metals Analyst Jeff Clark for his recent presentation at The Silver & Gold Summit in San Francisco as he discusses the extraordinary valuations -- both high and low -- that define current asset markets today. Get Jeff'…
- 2 days ago, 12 Nov 18, 8:47pm -
- US Dollar Hits 18-Month High as US Stock Market Swoons
The USD remains a preferred flight-to-safety trade. At GoldSilver, we know the day when the USD is exposed for the un-repayable, just ink-on-paper I.O.U. it is... it's inevitable. And when that day comes, the flight to true safety, to gold and silver…
- 2 days ago, 12 Nov 18, 7:46pm -
- Charles Hugh Smith: "Understanding the Global Recession of 2019"
"Ben Bernanke and Janet Yellen blew it, so it's been left to the current Fed leadership to do the heavy lifting over a much shorter timeline. Predictably, pulling away the punch bowl has spoiled the asset-bubble party, and now all the asset bubbles a…
- 2 days ago, 12 Nov 18, 3:30pm -
- Not Just NYC Anymore: Home Prices Now Falling Across the Board
As with most markets, the correction started with what were the hottest, most extremely overpriced. But now? Arlington, Santa Rosa, Greenville, Lafayette, Honolulu, Birmingham, Shreveport, San Antonio, Toledo, Richmond, Overland Park, Fort Wayne, Nap…
- 2 days ago, 12 Nov 18, 3:18pm -
- SRSrocco: "Global GDP Still Propped Up by a Massive Amount Of Debt"
"While the government agencies and economists continue to publish strong GDP figures, they seem to overlook how much debt it took to produce that growth. The days of adding one dollar of debt to get one dollar of GDP growth have been long gone for mo…
- 2 days ago, 12 Nov 18, 2:05pm -
- Thomson Reuters GFMS: "Gold Price Likely Edging Higher in 2019"
"In the retail investor sector, the survey found that coin and bar demand was mixed, with overall demand up everywhere on a year-on-year regional basis, except in South America and Mexico. Overall retail investment demand in the US rose 26%, due to s…
- 2 days ago, 12 Nov 18, 2:05pm -
- With Election Distraction Over, Inflation Returns to Investors' Center Stage
After wholesale inflation shot higher in October at its fastest rate in six years, investors are bracing for fresh data that indicates prices are rising more quickly across the board than the Fed would like, spelling a still longer arc of rate raises…
- 2 days ago, 12 Nov 18, 1:50pm -
- New Mike Maloney Interview: "The Central Banks Get Special Set of Laws to Steal Our Wealth"
"We create a special class of people called bankers that get a special set of laws that apply to them only, where they can commit fraud and theft by creating brand new dollars. These are counterfeit, because any new fractional reserve lending, any ne…
- 2 days ago, 12 Nov 18, 1:45pm -
- Abenomics: Japanese PM Calls for New Public Works Program, Considers 10T Yen Stimulus
Having already outright bought a large portion of the publicly traded markets in Japan, Prime Minister Shinzo Abe continues "can't stop, won't stop" ultra-loose fiscal policy, calling for multiple new stimulus measures.
- 2 days ago, 12 Nov 18, 1:26pm -
- WSJ: "U.S. on a Course to Spend More on Debt Than Defense"
Merely paying interest on our titanic federal debt will eventually consume the nation's budget whole: "It will spend more on interest than it spends on Medicaid in 2020; more in 2023 than it spends on national defense; and more in 2025 than it spends…
- 2 days ago, 12 Nov 18, 1:21pm -
- Bernanke: Fed Needs Expanded Power to Lend to Anyone in a Market Crisis
When everyone is deemed too systemically important to be allowed to fail: Former Fed Chair Ben Bernanke, the primary architect of the current Fed-debt debacle, is arguing the Fed doesn't have enough power to lend to shadow banks and other non-bank in…
- 2 days ago, 12 Nov 18, 1:17pm -
- The Morgan Report: "US Dollar Demise This December?"
Join David Morgan as he examines recent headlines regarding the ongoing erosion of US dollar dominance around the world, and hear why the CEO of the world's largest hedge fund sees the USD losing its preeminent global trade role sooner than later.
- 2 days ago, 12 Nov 18, 12:59pm -
- Goldman Sachs' "Bear Market Indicator" Hits 48-Year High
"We can no longer rely on well-defined limits to speculation, as we could in previous market cycles across history. In hindsight, the fix was simple: abandon the belief in any limit to the stupidity of Wall Street. Despite its discomfort, the market…
- 2 days ago, 12 Nov 18, 12:16pm -
- Venezuela's Latest Attempt to Sell Something Worth Nothing: Will Pitch OPEC on Petro
Universally derided as a valueless fraud, Maduro and company continue to try to float the "cryptocurrency" nothing that is the petro. As former Venezuelan Oil Minister Rafael Ramirez wrote, "the petro only exists in the government’s imagination."
- 3 days ago, 11 Nov 18, 6:35pm -
- US Debt Ceiling Set to Be Raised to $22T... Which Won't Get Us Through Next Summer
It's the return of everybody's favorite fake ceiling! And if it is indeed raised to $22T, as the Bipartisan Policy Center forecasts, the administration will be crashing headfirst, yet again, into the magically movable ceiling in less than a year.
- 3 days ago, 11 Nov 18, 6:25pm -
- Inflation, With a Vengeance: US Producer Prices Rise Most in 6 Years
"Core Producer Prices surged 0.6% MoM (well above the 0.2% expected), the biggest spike since September 2012 which sparked rebounds in the headline YoY change back towards 3.00%."
- 5 days ago, 9 Nov 18, 2:23pm -
- 50M of China's Boom Economy Apartments Are Empty
You can't pretend everything is awesome forever.
- 5 days ago, 9 Nov 18, 2:13pm -
- As Fake Money Seeks Its Own: Argentina Seeks US$8.7 Billion Chinese Currency Swap
"Central bank governor Guido Sandleris says the two sides ‘have reached a consensus’ on the deal, days after the IMF approved US$56 billion loans package to help the nation stabilize its battered economy."
- 5 days ago, 9 Nov 18, 1:21pm -
- Large Institutional Investors Sue Pretty Much Every Big Bank for Forex Rigging
"The banks being sued are: Bank of America, Barclays, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan Chase, Morgan Stanley, Japan’s MUFG Bank, Royal Bank of Canada, Royal Bank of Scotland, Societe Generale, Stan…
- 6 days ago, 8 Nov 18, 6:59pm -
- South African Gold Production Hits 3-Year Low; Down 19% From Year-Ago
And the trend is about as ugly as it gets. Long one of the most reliable sources of gold output on Earth, South Africa's massive gold mines are increasingly tapped out, and there have been no new discoveries to replace them.
- 6 days ago, 8 Nov 18, 6:55pm -
- Regardless of Fed Rate Decision or Statement, 2-Year Note Could See New 10-Year High
It can be easy to forget that there is a bond market that determines bond prices, outside of the actions of the Fed. So while Powell & Co. may not do or even say anything after they meet today, it's entirely possible the free market (remember that?)…
- 6 days ago, 8 Nov 18, 5:26pm -
- Venezuela Annualized Inflation Update: 833,997%; IMF Says Headed for 10M%
"Local economists are concerned that inflation could accelerate in the final two months of the year due to bonuses paid to state workers to boost purchasing power during the holiday season. The IMF expects hyperinflation to reach 10 million percent i…
- 6 days ago, 8 Nov 18, 2:37pm -
- US Single-Family Home Inventory up 86% Y-o-Y in October; Condominium Inventory up 188%
What a difference a year makes. Stunning nationwide inventory increases in US housing paints the starkest picture yet for the real estate bubble: Coast to coast, people are trying to cash out at the top just as demand, as measured by new mortgage app…
- 6 days ago, 8 Nov 18, 2:17pm -
- South Korea Latest to Defy US, Will Trade With Iran in Local Currencies, Cutting Out USD
A sizable amount of US foreign policy has been backstopped by the assumption that the world requires the USD to conduct business. But as China, Russia, and now South Korea are proving, this is not necessarily the case.
- 6 days ago, 8 Nov 18, 2:02pm -
- Wall St: The Fed Has a $4T Balance-Sheet Dilemma and is in Total Denial
"Michael Cloherty, the head of U.S. interest rate strategy at RBC Capital Markets, is worried. 'If the Fed keeps shrinking its balance sheet until it sees signs of stress, the question will be, ‘How ugly is that stress?’ I think it will be quite…
- 6 days ago, 8 Nov 18, 2:00pm -
