Analysts looking for more signs of a struggling economy are viewing the US trucking market with trepidation. Heavy truck sales in the US continue to collapse at an astonishing rate. While some downturn was expected, given high sales last year, the rate of collapse is shocking, with sales coming in under even the lowest analyst […]
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The recent drone attack on Saudi Aramco’s facilities in Saudi Arabia was a major shock to the world, and to oil markets. The simplicity of the attack was unexpected, as was the audacity. A relatively minor attack, with no involvement of actual people attacking, was able to cut Saudi oil production in half nearly instantaneously. […]
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There’s an increasingly compelling case that the gold market we’re seeing right now is in the very early stages of a break-out bull market that will rival the performance gold saw from 2008 to 2011. That bull market saw gold rise from under $1,000 to nearly $2,000 by its peak. And with gold starting its […]
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Many American households are growing increasingly cash-strapped, seeing their debt levels rising and their cost of living going up. That makes it increasingly difficult for them to maintain their standard of living. It also makes it hard for many households to prepare for the future when they feel like they’re just scraping by day to […]
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One of the highlights of Bitcoin when it was first introduced was the relative anonymity with which Bitcoin users could buy, sell, and trade Bitcoin. While all transactions are recorded on the blockchain, they merely record which addresses sent Bitcoin where, with no one being able to tie a single address to an individual person. […]
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Mortgage lenders are working overtime to drum up new clients these days, and they have a bit of good news to share with their potential customers. Thanks to the Federal Reserve beginning to cut interest rates, mortgage rates have started falling again over the summer. That’s good news for borrowers who are in the market […]
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The spat between the Trump administration and the state of California has escalated, now that the administration has announced it will be probing several automakers for signs that they colluded with the California government on fuel efficiency regulation. California has long been one of the drivers behind nationwide emissions regulations, as the size of the […]
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The Chinese government continues to add to its gold reserves, with over 100 tonnes added to its reserves over the past nine months. Those purchases show no signs of slowing down anytime soon, and with a heightening trade war with the US, expect those purchases to continue well into the future. But while the government […]
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The premise behind the OPEC oil monopoly is a simple one. Developed nations need oil to fuel their economies, so the oil-producing members of OPEC collude to restrict output in order to drive oil prices up. For decades that relationship held up well, with OPEC restricting production to raise prices and increasing production to lower […]
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The 1980s saw a slew of new gold and silver coins developed, with one of the most popular coin series, the American Silver Eagle and American Gold Eagle, first produced in 1986. Not to be outdone, the United Kingdom responded in 1987 with the introduction of the Gold Britannia, a bullion coin containing one ounce […]
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