In the irony of ironies, the central bank of Switzerland recently bailed out the manufacturer of the polymer material used in the new Swiss 10-franc notes. Swiss National Bank purchased a 90% stake in Landqart AG after the company got into financial difficulties. The SNB is known for its huge investments in equities, with Apple,
All the talk in political and monetary circles is about the GOP efforts at tax reform. At this time, it is not possible to know the final form the bill will take. The Senate has its version, the House has its version. Compromises will have to be made, and there will be some serious horse
Several renown investment advisors are calling a bubble in stocks. Yet few Americans seem to care what people with hugely successful track records are saying. Stocks are going up, why not get on board?
Fred Hickey, whose stock market and gold predictions I’ve written about before, sees the stock market on precarious ground. He reminds investors that the Fed kicked off this bull market in stocks and bonds eight years ago with a forecast that massive money creation would “lift asset prices and generate a wealth effect,” which then
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
In Thursday’s post, I noted that central banks are adding approximately $2 trillion a year to the world’s money supply. Most of that freshly-created money goes into government bonds. However, some of it goes into equities. That’s right, stocks, like those traded on the NYSE and the NASDAQ. The Swiss National Bank and the Bank
For only the second time in 44 years, I’m recommending old US gold coins. The other time was in the 1990s.
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
Financial analysts continue to be enthusiastic about the Dow topping 20,000, so much so that if you watch TV enough you might think that it is given that it will happen. But, will it?