Former Microsoft CEO, and Founder of the nonprofit USAFacts (www.usafacts.org), Steve Ballmer, was on CNBC early in April arguing that the best he could see for real GDP growth was 1.5%!Continue...Read More
By John MauldinTrade TalksTax TroubleBorder ChecksChicago, Orange County, Raleigh, and LemonadeSince last week's letter, I have flown enough to send me over 100,000 miles on American Airlines this year and make Executive Platinum. That is not necessarily a good thing. But wow, I learned a lot between all those flights.Today's letter will be a little different. First, I want to relate some of the...Read More
We could be heading for a golden age - or a return to the 1970sBy John Stepek of Money WeekThe cost to the US government of borrowing money for a decade came within sniffing distance of 3% yesterday.The US ten-year Treasury yield is sitting at 2.96% as I write this morning, having got to 2.99% yesterday.Does this really matter? After all, 3% is just another number.On the one hand, you'd be righ...Read More
Gold was enjoying a solid spring rally until a couple weeks ago, nearing major upside breakouts. But its nice advance has crumbled since, really weighing on sentiment. Gold fell victim to a rare major short squeeze in US Dollar Index futures. The surging USDX motivated gold-futures speculators to flee rather aggressively. But this will likely prove a short-lived anomaly, after which gold...Read More
Treasury Secretary Steven Mnuchin and other top U.S. trade officials concluded the first official round of trade talks in China FridayContinue...Read More
By Gary TanashianSince early 2016 we have been carrying forward a theme illustrating that until the macro trends in place since 2011 change, the situation would be as is, stocks trending up and the precious metals in consolidation/correction. The current trends were kicked off symbolically, and functionally to a degree, by the Fed's concoction of Operation Twist, a plan with the expressed goal o...Read More
Dear Friend of GATA and Gold:GATA consultant Robert Lambourne, our expert on the Bank for International Settlements, noted this week that the BIS is late in posting its monthly statement of account for March, which typically contains obscure data about the bank's largely surreptitious interventions in the gold market on behalf of its client central banks.So your secretary/treasurer e-mailed the...Read More
The latest jobs data is out today (Friday) and it showed the economy created a solid 164,000 jobs in April to bring the unemployment rate below 4% Continue...Read More
We could be heading for a golden age - or a return to the 1970sBy John Stepek of Money WeekThe cost to the US government of borrowing money for a decade came within sniffing distance of 3% yesterday.The US ten-year Treasury yield is sitting at 2.96% as I write this morning, having got to 2.99% yesterday.Does this really matter? After all, 3% is just another number.On the one hand, you'd be righ...Read More
Listen to this podcast on our site by clicking here or subscribe on iTunes here.Chris Steele at ITR Economics recently gave an update on their commodity and economic outlook with FS Insider. They expect a slowdown around the 2019 timeframe and commodities to generally start peaking out in the months ahead. Chris also explained their view on steel tariffs and why they're ultimately a...Read More
Earlier this year Goldman Sachs had sent a report out to its high-net-worth clients indicating that it was the best time to own commodities in at least 15 years, if not decades.This view from Goldman was based on three forces coming together at the same time:Economies around the world are growing in unison (good for commodity demand).The world is borrowing more money, which means more to spend (ag...Read More
There was a point in my life when I wanted to own a red car.All my friends told me I shouldn't. After all, red cars get more speeding tickets and cost more to insure.These two truths stopped me from buying myself a red car for years. Until one day, I did a little research.That's when I found out these "truths" were bullshit. Nowhere could I find any evidence to suggest that red cars received more...Read More
In interviews, whenever I try to make the case that US policies are leading to the kinds of currency disruptions common in developing countries, I say something like, "For a glimpse of America's future, take a look at Argentina, where they're eating cats and dogs because of hyperinflation ... wait, no, I meant Venezuela." Mixing up countries kind of dilutes the power of the statement, but for some...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
By Ira EpsteinMetals get a boost going into weekend.https://www.iraepstein.com/ Read More
By Ira EpsteinMetals get a boost going into weekend.https://www.iraepstein.com/ Read More
Why did the Jerome Powell Federal Reserve decide not to hike interest rates again on Wednesday? Jason Burack talks about why he thinks the Fed decided to not hike rates this week and may wait until June. Jason thinks it's because the Fed is watching the US Dollar Index break out from a textbook bullish inverse head and shoulders chart pattern the last few months and the Fed is worried that raising...Read More
Countdown to April jobs report - Challenger layoff data hinted at downside in today's report.And that's exactly what we saw. At the same time, the disconnect between wages and the skilled worker shortage will have too close at some point. A jobs report filled with disconnects.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Daniell...Read More
Andrew G. Biggs is a resident scholar at the American Enterprise Institute. He is a former principal deputy commissioner of the Continue...Read More
"These efforts and others have resulted in a 1000% increase in our surge, transaction capacity relative to Q3 of 2017," Continue...Read More