Unfortunately, a political and market perfect storm is now on the way and may strike as early as Halloween 2019, marking a new “Halloween storm.” Get ready. I cannot imagine a better setup for catastrophe. No one ever sees disaster coming. That’s the point. Once again all indicators are pointing to a market collapse towards […]
Continue ReadingBut they’ve got a couple of grim worst-case scenarios. One envisages the US economy slowing sharply from the third quarter of this year, then falling into recession as corporate profits [fall], hitting business and investor sentiment. The fallout from this could trigger a 30% drop in the S&P 500 in the third quarter. Within a year […]
Continue ReadingOnly three other times in history precious metals surged while oil plunged! All of them happened during severe bear markets and recessions. Buckle up, folks. When oil starts to drop at the same time gold takes off, it’s a sign that the economy is in danger. A slowing economy means less demand for oil, leading […]
Continue ReadingAfter nearly six years of 0% interest rates, the U.S. economy is hooked on the heroin of easy money. It can’t even tolerate a modest reduction in the Fed’s balance sheet and 2.5% interest rates, still far below historical averages. In other words, this monetary tightening cycle is over. The next move is a return to […]
Continue Reading“Morgan Stanley changed its forecast for global growth to ‘stagnation’ through the end of the year instead of a ‘continued recovery.’ “ Even the most bullish on Wall Street understand that the world economy is set for a slowdown. And while many investors may think that a Fed rate cut would keep the economy humming […]
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In the aftermath of the 2008 financial crisis, many investors were understandably nervous about investing their money. With stock markets having lost over 50% of their value during the crisis, many investors saw years’ worth of investment gains wiped out in a matter of months. And for those close to retirement, those losses were […]
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Federal Reserve Chairman Jerome Powell is probably shaking in his boots right now. Taking over from Janet Yellen in 2018, he inherited a bubble economy created by his two predecessors that is now on the verge of bursting. His legacy as a chairman will be judged by how he is able to juggle what is […]
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While the Coinage Act of 1792 established the US Mint and the American system of coinage, it took years for the Mint to really get started in creating money. With a sprawling land mass of former colonies and newly discovered land, not to mention a largely agricultural population scattered across that land mass, the provision […]
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With recent weakness in stock markets and uncertainty about the direction of the world economy due to the likelihood of a trade war, gold demand remains strong throughout the world. The reasons for that demand vary widely based on region, but no region is exempt. According to a recent Bloomberg interview with gold analyst Joshua […]
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The idea of a shotgun in the United States has become almost synonymous with the 12-gauge shotshell. Sure, the 10-gauge may be bigger and the 20-gauge may be lighter, but the 12-gauge’s versatility has made it the most popular shotshell cartridge in the United States bar none. Unlike pistol and rifle cartridges whose nomenclature is […]
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