Ecommerce and the globalization of retail have already crushed old distribution channels, middlemen, local retailers, and large retailers. Even the biggest of the biggies, such as Walmart, are now scrambling to get on top of it, or they too will be counted among those, like Sears, that couldn't and were obviated by events.Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStr...Read More
Part 1 (part 2 below)The Federal Reserve isn't focused on what happens when interest rates normalize... but they should be.Part 2I'm not trying to be a Trump cynic... but the problem is that the financial crisis is so big, so all consuming, that's its way beyond any control he might have to change it.David Stockman is a former Republican congressman from Michigan and was President Reagan's budget...Read More
"At a moment of historic volatility in American politics, these four women decide to fight back, setting themselves on a journey that will change their lives and their country Continue...Read More
Last week, the House of Representatives voted in favor of a Labor, Health and Human Services, and Education appropriations bill amendment to repeal the prohibition on the use of federal funds to create a "unique patient identifier." Unless this prohibition, which I originally sponsored in 1998, is reinstated, the federal government will have the authority to assign every American a medical ID. Thi...Read More
Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
Hard to believe that it's been a decade since the financial crisis. While we've learned some lessons, it's clear we haven't learned the important ones that we need to avoid the next crash. While banks are not making reckless liar loans but the lending standards have clearly been relaxed. The secondary markets are still functioning the same way they did before the crash. And let's not forget about...Read More
Just a couple of weeks ago the financial world's biggest worry was the plunging price of oil. Supply was up, stockpiles were building and speculation was pointingContinue...Read More
David Morgan is a world-renown precious metals aficionado. He is the creator of the Silver-Investor.com website and The Morgan Report, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a pr...Read More
We all knew this was coming. We knew governments were arming themselves with powerful surveillance tools to monitor, track, and detain their citizens. Continue...Read More
The downside of a "representative" form of government (Republic) is that those who "represent" the people as their full-time career are subject to bribes. A Democracy Continue...Read More
"The most that might come is new ground rules for discussion and some sort of schedule for when detailed technical talks might resume."Continue...Read More
"As for mutual settlements, we will consider, of course, a proposal on a cryptocurrency that is tied to gold. But, in Continue...Read More
Jason talks about Bitcoin rising over $9k today and how since January 2019, when Bitcoin was down all the way to $3,715.Props to Dr. Marc Faber for buying speculative Bitcoin positions in January 2019. Jason 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 t...Read More
Dr. Quinton Hennigh, chairman of Novo Resources, in conversation with Maurice Jackson of Proven and Probable, discusses his company's current exploration efforts at three projects in Australia. , Maurice Jackson: Joining us for conversation is Dr. Quinton Hennigh, the president and chairman of Novo Resources Corp. (NVO:TSX.V; NSRPF:OTCQX), which is delivering a new paradigm in gold exploration an...Read More
Technical analyst Clive Maund charts gold and explains why he believes this is a good time to build positions. With things shaping up so well for gold, we can certainly take any short-term correction in our stride, and more than that, we can seize upon it as an opportunity to build positions further across the sector, whether by means of ETFs, stocks or options, and of course, gold itself.Several...Read More
With the precious metals markets range-bound and driven by forces beyond his control, sector expert Michael Ballanger turns his contrarian eye to the past. With gold enjoying its best week of the year, with the Daily Sentiment Index charging northward, with the Relative Strength Index (RSI) pressing 72 for the GLD, with the RSI for GDX pushing 75, and finally, with the newsletter community all fa...Read More
A surging tech sector propped up Wall Street todayThe Dow started Fed week on the right foot, finishing modestly higher. A surging tech sector -- including Cisco Systems (CSCO) -- helped power gains today, while offsetting lackluster manufacturing and housing data. Trade tensions with China remain elevated, however, especially after Commerce Secretary Wilbur Ross said President Donald Trump is "p...Read More
An earnings beat could prompt short-covering tailwinds for KMXCarMax, Inc (NYSE:KMX) is scheduled to report earnings before the open this Friday, June 21, and the stock just received a bullish analyst note ahead of the event. Credit Suisse upped its price target to $90 from $84, which follows another price-target hike to $100 at Oppenheimer on Friday. There's also been plenty of buzz in KMX's opti...Read More
BMO just downgraded DOW stock to "market perform"Markets are higher this afternoon on gains from tech giants Apple (AAPL) and Cisco Systems (CSCO). Several other stocks are making notable moves today, too, including fellow blue chip Dow Inc (NYSE:DOW), sporting goods retailer Hibbett Sports, Inc. (NASDAQ:HIBB), and drug name ContraVir Pharmaceuticals Inc (NASDAQ:CTRV). Here's what's moving the sha...Read More
Rumors are swirling FB's Project Libra reveal will happen tomorrowFacebook, Inc. (NASDAQ:FB) stock is red-hot today, as buzz builds around the company's cryptocurrency, expected to be launched as early as tomorrow, June 18. Ahead of the highly anticipated Project Libra reveal, FB stock is trading up 3.2% at $187.07, set for its highest close since May 10. FB options traders are getting in on the a...Read More