A lot of dysfunctions within America's economy can be traced back to the Federal Reserve's heavy hand in setting interest rates and tweaking the money supply. Danielle Dimartino Booth, CEO of Quill Intelligence and former advisor to the Dallas Fed, believes the US central bank lost its way in the 1970s when Congress tasked it with ensuring both maximum employment and price stability. Instead, she...Read More

Continue...Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Management. He the author, most recently, of Unbalanced: The Codependency of America and China and Stephen Roach on the Next Asia: Opportunities and Challenges for a New Globalizatio...Read More

Peter feels that a slowdown is coming but that there won't be an official recession in 2020, perhaps 2021. The overall equity markets will likely be flat next year because of the Fed's actions in keeping up the markets.There was a lot of physical off-take of gold and silver by North American investors between 2008 and 2011. The price of gold will need to head higher than $1550 to attract retail in...Read More

Turkish steel mills remained quiet in the deep-sea scrap markets on Tuesday November 26 with prices unchanged, according to market sources.Mills booked four deep-sea cargoes last week at steady prices. The bookings from the Baltic Sea region sold at $260 per tonne and $261 per tonne cfr for HMS 1&2 (80:20) throughout the week ended Friday November 22.Mills are still expected to book a few more...Read More

When I am speaking in Australia, New Zealand, and the U.K., all of whom have big real estate bubbles, I always ask: How do you think this is good for your country that it costs so much to Continue...Read More

"We're in the final throes of a very important deal, I guess you could say one of the most important deals in trade ever. It's going very well but at the same time we want to see Continue...Read More

Federal prosecutors have reportedly opened a criminal investigation into whether pharmaceutical companies intentionally allowed opioid painkillers to flood communities.Continue...Read More

Dallas Fed President Robert Kaplan says fourth-quarter growth will be "weak" but he sees growth reaching about 2 percent in 2020.Continue...Read More

"Investment deficit creates excess savings, supporting gold. In theory, savings should equal investment, but due to Continue...Read More

Every year human behavior gives us a month long sales event where investors dump shares just like the after Christmas sales rack at Macy's. Continue...Read More

"When the Armistice Line comes down not long from now, Korea is going to be the most interesting place in the world."Continue...Read More

Seaborne iron ore prices fell back below $90 per tonne cfr China on Tuesday November 26 after reclaiming the mark a day earlier, amid losses in steel markets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $89.30 per tonne, down $1.62 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $89.33 per tonne, down $1.62 per tonne.62% Fe low-alumina fines, cfr Qingdao: $88.71 per ton...Read More

Within the tested zone, results show two discrete areas of mineralization and extend the strike length. Benchmark Metals Inc. (BNCH:TSX.V; CYRTF:OTCQB) announced in a news release new drill results from the Amethyst Gold Breccia zone at its Lawyers project in British Columbia's Golden Horseshoe. In drill hole 19AGBDD007, two separate zones of mineralization were encountered. The upper zone demons...Read More

Domestic prices for steel reinforcing bar in the United Arab Emirates increased over the past week due to strong demand, market sources said on Tuesday November 26.Further increases are expected due to global gains in production costs, market participants in the UAE said, adding that low stock levels in the country will spur more buying.Billet importsBillet was booked from Oman at about....Read More

Import prices for steel slab in Southeast Asia and East Asia were stable over the past week due to poor demand despite rebounding prices for downstream flat steel products."Demand remains lackluster because the price spread between slab and hot-rolled coil is not wide enough for re-rollers to accept," a trader in Taiwan said.Restocking activity in Southeast Asia's main HRC import market in...Read More

Eastern China' rebar prices dropped slightly on Tuesday November 26, with participants telling Fastmarkets they expected prices to start trending downward on weakening winter demand.Eastern China (Shanghai): 4,080-4,110 yuan ($580-585) per tonne, down 10 yuan per tonneNorthern China (Beijing): 3,800-3,840 yuan per tonne, unchangedRebar futures decreased sharply over the day, pushing down east...Read More

Trading volumes started to thin out during the holiday-shortened weekStocks spent most of the day trading in positive territory, with the Dow, S&P 500, and Nasdaq all hitting record highs, though they closed with only modest gains. Retail earnings were again in focus, with mostly favorable reactions, while investors also weighed a batch of lukewarm economic data. Overall, however, it was a somewha...Read More

The New York Post featured an upbeat article on Disney+ subscriber growthWalt Disney Co (NYSE:DIS) stock's red-hot run is continuing today, up 2% to trade at $152.67, earlier tagging a record high of $153.41. This puts the shares -- which just wrapped up a six-week win streak -- on track for a third straight daily gain, and brings its month-to-date return to 17.6%.Today's pop comes courtesy of a N...Read More

The European Union has launched a complaint to the World Trade Organization (WTO) against Indonesian export restrictions on raw materials used in the production of stainless steel, the European Commission (EC) said on November 22.The EC claims that the restrictions unfairly limit European stainless steel producers' access to raw materials, including nickel as well as scrap, coal and coke, iron ore...Read More

CCXI has more than tripled today after upbeat blood disease drug dataStocks are hitting new highs once more, this time thanks to a busy day of retail earnings and economic data. Among the names making notable moves today are drugmaker ChemoCentryx Inc (NASDAQ:CCXI), discount retailer Dollar Tree, Inc. (NASDAQ:DLTR), and cybersecurity name Palo Alto Networks Inc (NYSE:PANW). Here's a quick look at...Read More