Fever took hold of the stock market as the week ended, stoked by the best unemployment numbers in half a century. Two days earlier, shares had fallen sharply as investors registered their disappointment in the Fed's latest pronouncement. Obfuscator-in-chief Powell had said the central bank would hold steady and that the economy seemed in fine shape. But the markets reacted as though they were ho...Read More
Nearly 1,500 delegates will descend upon Singapore this week to attend the seventh edition of Singapore Exchange's (SGX) annual Singapore Iron Ore Week.Much of the conversation at last year's event revolved around the need for suitable risk mitigation tools in the iron ore market amid wide and volatile grade differentials due to the Chinese government's environmental protection policy and robust m...Read More
Ferrous scrap will be the "next big thing" for commodity-based derivatives in Asia, according to the Singapore Exchange (SGX).It is one key commodity that the SGX is looking at to expand its slew of ferrous derivatives under the "virtual steel mill" concept, in addition to the iron ore and coking coal contracts that are already trading well on its platform, the exchange's head of commodities, Will...Read More
Chris Martenson of Peak Prosperity is back to break down the impact of Trump's tariff threats on energy markets and helps us find out which safe havens investors can be on the lookout for.Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the foun...Read More
Part 1 (part 2 below)Warren Buffett, Charlie Munger and Bill Gates sit down with CNBC's Becky Quick to discuss the latest developments in the U.S.-China trade talks and what they think should happen next to benefit all parties. Bill Gates, Charlie Munger and Warren Buffett sit down with CNBC's Becky Quick to give their opinion on the debate between capitalism and socialism.Part 2Read More
Will the housing bust in Australia trigger a mortgage crisis that hits the big four banks to where there's a banking panic and financial crisis in Australia? And what will this do globally?Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, a...Read More
"We have a recession in place. It's just a matter of playing out in some of these other funny numbers."Walter J. "John" Williams has been a private consulting economist and a specialist in government economic reporting for more than 30 years. His economic consultancy is called Shadow Government Statistics (shadowstats.com). His early work in economic reporting led to front-page stories in The New...Read More
Charles Hugh Smith writes the Of Two Minds blog which covers an eclectic range of timely topics: finance, housing, Asia, energy, long-term trends, social issues, health/diet/fitness and sustainability. From its humble beginnings in May 2005, Of Two Minds now attracts some 200,000 visits a month. Charles also contributes to AOL's Daily Finance site and has written eight books, most recently "Surviv...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
Import prices for steel slab in Southeast Asia and East Asia were unchanged over the past week amid quiet market conditions ahead of the start of the Islamic holy month of Ramadan.Re-rollers in Indonesia remain well-stocked and are in no rush to replenish supplies due to an expected reduction in business activity during Ramadan, a trader in Southeast Asia said.Ramadan starts on May 5 and ends on J...Read More
"How can it be possible that James Woods (and many others), a strong but responsible Conservative Voice, is banned from Twitter?" President Trump tweeted.Continue...Read More
"We make it clear in our data policy that we use the information people provide to Facebook to improve their experience and that we might work with service providers to help in this process."Continue...Read More
Jason talks about mercantilism and listener comments about tariffs and the history of trade wars. He also makes some educated guesses about how the US vs China trade war could escalateJason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people...Read More
They used to say, follow the money, now it's follow the debt. John Rubino believes that the key to deconstructing the news media's latest hype or fake news is to simply watch the debt explode geometrically. Excessive debt causes irrational behavior which leads to comedians getting elected president. Where have we seen that before?John Rubino is the founder and manager of the popular financial webs...Read More
The Fed tightens and stocks tank. The Fed promises to stop tightening and stocks soar. The Fed implies that it might actually cut rates and stocks soar some more. The Fed appears to Continue...Read More
Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance book of all time. His book titles hold four of the top ten spots on Nielsen Bookscan List's Life-to-Date Sales from 2001-2008 alone. Robert is an educational Entrepreneur and real estate tycoon, co-creator of the CASHFLOW (R) board game, founder of the financial education-based Rich Dad Company and author of...Read More
Tesla Inc Chief Executive Elon Musk personally owes $507 million to Wall Street banks involved in Tesla's stock and debt saleContinue...Read More
After a short rally at the start of 2018 year peaking at $1,354/ozt on March 25, the gold price fell steadily during Q2 and Q3 to USD 1,176/ozt on August 16, and then rebounded to $1,280/ozt on December 28. We analysed the effect of the gold price on the gold mining industry using data from the Mining Intelligence Data Application. The data we used represents companies reporting quarterly producti...Read More
Analysts are questioning Uber's viability. Many are concerned it will never make a profit. There's too much competition.Continue...Read More
The threat of higher import tariffs in the United States failed to have much of an effect on China's rebar market, with domestic prices holding steady on Monday May 6 despite tumbling futures.Domestic Eastern China (Shanghai): 4,090-4,140 yuan ($607-615) per tonne, unchangedNorthern China (Beijing): 3,990-4,030 yuan per tonne, unchangedWhile rebar futures experienced a big decline during the day a...Read More