Andrew Zatlin at Moneyball Economics says two of the three engines of global economic growth are stalling with China, in particular, showing signs of panic borrowing.China FalteringWhile China has been the greatest contributor to global economic growth in recent decades, Zatlin says it is essentially a house of cards built on a massive amount of debt."China's rising debt levels across all areas of...Read More
When I discuss the idea of OPM (Other People's Money), I think most people are confused by the term. Put simply, it's understanding good debt, and how to make it work for you. I use it in the context of real estate. Some people are on board with it-excited even-about the possibilities. But then they become intimidated by the idea of how exactly to find and use OPM.This is completely normal. I've f...Read More
Yesterday, I laid out how we are heading into winter with the perfect setup for a natural gas price spike.And by “spike,” I mean at least a double, but more likely a triple and perhaps more.For this to happen, all we need is a colder than average winter. That’s because storage levels are already low and history tells us that a cold winter would use up nearly ALL of the natural ga...Read More
Click here for the full transcript: http://financialrepressionauthority.c...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...Read More
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, 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 prolific author, having penned Get t...Read More
Click Here to Listen to the Interview - *the interview begins at 6:00Greg breaks down the recent volatility in the equities markets, tells us why he thinks the Fed will soon be back-peddling on further interest rate hikes and tells us what that means for the dollar and gold.Click Here to Listen to the Interview - *the interview begins at 6:00Gregory Weldon is CEO of Weldon Financial and Editor of...Read More
Rick Rule, Chairman of Sprott US Holdings, discusses the outlook for Resource Investing in Africa. He notes the continent hosts extraordinary geological formations, which contain dozens (and many undiscovered) very large, world class resource deposits. He further discusses his preferred method of investing in the continent.TOPICS IN THIS INTERVIEW:00:29 Africa: One of The Last Great Frontiers For...Read More
Vladimir Putin tried to reform Russia's pensions system which is crumbling as is the case in the West. This giant Ponzi Scheme is collapsing and it has been theContinue...Read More
Oct 29, 2018 Guest(s): Brent Cook Exploration Insights There are people overtly scamming investors in the mining sector, and investors need to be educated in order to protect themselves, said Brent Cook of Exploration Insights. "What you want to watch for is, whoever is telling the story, what's their entry point, how do they make money, be it a broker, newsletter writer, or the company presiden...Read More
Up airy mountain, down rushy glen the market has trekked this year…Up in January, down February through March, up April through August, down again in October.But after all its ups and all its downs... the market has gone backward.Even with yesterday's 401-point rebound, the Dow Jones is still negative for the year. So too is the S&P.It is as if the stock market struck out on a thousand-m...Read More
The US$ index is breaking higher. Its trading at 96.41 as we pen this. A daily close above 96.61 marks a new 52-week high and puts the dollar in position to eventually retest its bull market high at 104. If this strength continues then the relief rally in precious metals could be over. So why is that a bullish catalyst for Gold?First, we know that a real bull market is not going to begin until the...Read More
The US$ index is breaking higher. Its trading at 96.41 as we pen this. A daily close above 96.61 marks a new 52-week high and puts the dollar in position to eventually retest its bull market high at 104. If this strength continues then the relief rally in precious metals could be over. So why is that a bullish catalyst for Gold?First, we know that a real bull market is not going to begin until the...Read More
A hidden gem trading under a secret name could be the key to retirement riches.Picture the perfect stock for a moment.What would it look like?No doubt it would have hundreds of billions in revenue - more than tech giants like IBM, Facebook and Google.It would probably be a leader in cutting-edge technology like smartphones, robotics, e-commerce and medical equipment.It would have tens of thousands...Read More
- Is Dublin's property market heading for a soft landing?- Increasing fears the latest housing boom could foreshadow another slump as reported in the Financial Times- 68 per cent of prime properties in Dublin 4 and 6 have cut prices- "I doubt it will be 'soft' ... My suspicion is that it'll hurt like hell..." warned Karl Deeter of Irish Mortgage BrokersExcerpt via FT:Over the past five year...Read More
NEW YORK, Oct 25 (Reuters) - The recent cratering of stockmarkets is nowhere near severe enough to rattle confidence andsignificantly hurt U.S. business and consumer spending, a Fedofficial said on Thursday, in the latest unruffled message fromthe U.S. central bank.In a speech, Loretta Mester, president of the Cleveland Fed, reinforced the U.S. central bank'[s steady-as-she-goesexpectation to keep...Read More
Gold futures are trading marginally higher on the day, with the most active December Comex contract currently fixed at $1,234.50 after adding today's gain of $3.40. These gains are occurring in tandem with a higher dollar. The U.S. dollar index is currently up by 2/10% and fixed at 93.37 after the addition of today's 19-point gain. This rally began precisely two weeks ago today on Thursday, Octobe...Read More
The S&P 500 snapped its lengthy losing streak as stocks roared backStocks bounced back in a big way today, with the Dow finishing 401 points higher thanks to a strong earnings reaction from blue-chip tech giant Microsoft (MSFT). Yesterday's steep losses were largely clawed back, as markets today rallied on a combination of positive quarterly reports and well-received economic data. The S&P 500 fin...Read More
WASHINGTON (Reuters) - Richard Clarida, U.S. President Donald Trump’s most recent addition to the Federal Reserve Board, made his debut speech on Thursday just days after Trump again slammed the Fed for raising interest rates. His message: rates should continue higher.“If the data come in as I expect, I believe that some further gradual adjustment in the federal funds rate will be appr...Read More
OTTAWA (Reuters) - Canadian Prime Minister Justin Trudeau's government will release a regular fall budget update on Nov. 21, the finance minister said on Thursday, less than a year before the next national election.Bill Morneau made the announcement on Twitter without giving any details.Reporting by Steve Scherer; Editing by Sandra Maler Disclaimer: The views expressed in this article are those o...Read More
NEW YORK (Reuters) - The Federal Reserve bought no agency mortgage-backed securities in the weekfrom Oct. 18 to Oct. 24, compared with $425 million purchased the previous week, the New York Federal Reserve Bank said on Thursday.In a move to help the housing market begun in October 2011, the U.S. central bank has been using funds from principal paymentson the agency debt and agency mortgage-backed...Read More