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For decades, politicians have lied to the American people about the status of the Social Security Trust Fund, asserting that incoming taxes are more than adequate to pay benefits for years to come. Now, the latest Trust Report shows that the Fund will be exhausted three years earlier than last year’s projection and more that
It is not decided whether the housing industry is a coincident indicator of economic activity or a leading indicator. Yet when the housing industry slows, it is not a good sign.
Over the last two weeks, the Dow Industrials rose eight of the ten sessions, tacking on more than 800 points for a 3.2% increase and spreading optimism that the bull market is back on track. The Dow hit two records highs this week. According to the Wall Street Journal, investors seems less concerned about the
Silver has hit $50 twice in my 45 years in precious metals bullion business, January 1980 and April 2011. Both times would have been excellent times to have sold. I did not see either and was not a seller. What will be the right move the next time silver hits $50, sell or hold?
Alan Greenspan, Federal Reserve chairman 1987 – 2006, says unfunded entitlement programs are the biggest threat to the dollar. Before discussing how to rectify this problem, consider just how big this problem is.
Listening to analysts and economists who are frequent guests on financial programs, you might conclude that higher interest rates — which the Fed is imposing — will be good for the economy. No, they won’t.
According to news wire reports, gold’s $20 plus upside move today is part of a rush to safe havens. US Treasuries are up also, which means that yields are down. The blame, again according to reports, lies with the tariffs that Trump laid on Chinese imports. China fired back with tariffs of its own. Will
John Scurci, Corona Capital Partner and Chief Investment Officer, is bullish on gold for 2018. One of his reasons is the ratio of the price of gold to stocks. He asserts that stocks are punching out new highs because of the money-printing orgy that the world’s central banks have gone on since 2008. Not coincidentally,
David Stockman, via his Contra Corner, for months has warned that by late September there would be a debt ceiling crisis and that the Treasury would run out of money, causing segments of government to shut down. He further proclaimed that a political storm in Congress would ensue and that the stock market would be
The North Koreans are now believed to have developed a hydrogen bomb, hundreds or even thousands of times more powerful than the atomic bombs dropped on Hiroshima and Nagasaki. Further, North Korea has exhibited the capability to launch intercontinental ballistic missiles, which could deliver their bombs.
