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
At the height of the 2008 World Financial Crisis, Greece was in the headlines daily because of its inability to make its debt payments. Now, Greece is seeking a third bailout of €30 to €50 billion, and it’s barely in the news.
Friday’s issues of the New York Times and the Financial Times painted glowing pictures for the US jobs market, based on October’s 161,000 jobs added. A quick investigation calls their conclusions into question.
The primary reason for owning gold and silver is the expectation of price inflation. Inflation, of course, comes from money creation at the Fed. However, as what is now often called the World Financial Crisis showed, gold and silver do well in times of financial crises. Here, though, let’s look at a very good indicator
At CMI Gold & Silver Inc. we believe that central bank activity is driving the markets — the metals and the stocks. Expectations of loose money mean higher metals prices (in anticipation of increased rates of inflation) and higher stock prices (in hopes that the stimulus will fillip the economy). As for the latter, there
Gold and silver have enjoyed huge upside moves so far in September, despite falling short of posting new highs for the year. Still, gold is up 24% on the year and silver 40%. One of the reasons for renewed interest in the metals is the failure of the European Central Bank’s €80 billion a month
Despite gold’s stellar performance so far this year, The Financial Times (August 24, 2016) chose to headline a front page article “Gold loses shine as Fed decision looms.” In the Commodities Section, a second piece was titled “Gold heads for monthly drop after investors turn anxious over rate rise and weaker demand.” Regardless gold’s performance,
Metals prices surged Wednesday–as they should have–after the Fed announced no rate hike. Gold jumped 1.6%, silver a whopping 3.7%. The Fed decision was a reaffirmation of a continued loose monetary policy. Gold and silver investors need to keep in mind that the world’s monetary and fiscal policy makers have fully embraced loose money and
In “Cries for more money creation grow louder,” (Feb. 29, 2016) I noted that Financial Times chief economic commentator Martin Wolf called for central banks to deposit money directly into the accounts of all adults in an effort to stimulate economic activity. Now, John Mauldin, noted publisher of numerous advisory services, recently wrote that former
as precious metals surge, says the Financial Times, July 7, 2016. In a glowing report, the Times noted that while “Gold has done predictably well in the wake of Brexit. . . The real star of the show has been silver.” In dollars, silver is up 16% since the Brexit vote but is up 45%