Wednesday, September 20th, 2017 MST

Category: Debt

A Fed rate hike in the works?

New York Fed President William Dudley said that he supports another rate hike this year if the economy “evolves as he expects.”  He also thinks it’s reasonable for the Fed to start selling part of its $4.5 trillion portfolio, which it accumulated through several quantitative easing programs.

Gold, silver hammered

Gold and silver prices were hammered this morning, gold down $20 at its low, silver down $.60. Both recovered only slightly. It is no coincidence that the metals dropped in what is one of the slowest commodities trading days of the year, tomorrow being the 4th of July with most bullion house traders in the

David Stockman-Everything Will Grind to a Halt in 2017

I’m not fond of recommending videos, especially long videos.  However, this video interview of David Stockman, Budget Director during the Reagan Administration, is well worth the time. Stockman reminds us of problems and developments that are being ignored.  For example, Obama and Congress made a deal years ago to suspend the debt limit until March