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2021 To 2024: From “Revenge” Splurging To Forced Frugality
BySirhcTUESDAY, AUG 15, 2023 – 11:05 AM Authored by Charles Hugh Smith via OfTwoMinds blog, After all, “they can always print more money.” That’s always the solution until it becomes the problem. What we call economics is best understood as: 1. A mechanism that distributes resources asymmetrically: some benefit more than others. 2. The running of the…
Trade War Concerns Pressure U.S. Equities and Support Precious Metals
BySirhcGary Wagner Thursday February 07, 2019 18:13 Featuring views and opinions written by market professionals, not staff journalists. Commentaries & Views Share this article: The Chinese markets might be closed this week, however concerns about the continuation of our looming trade war continues. Resulting in U.S equities closing sharply lower today and as of 4:30 PM…
Goldman Sachs has a new blowout forecast for gold
BySirhcCritical information for the U.S. trading day A weaker day is setting up for stocks on Tuesday, as optimism over U.S. stimulus progress and vaccine news starts to fade, and attention turns to the start of a two-day Federal Reserve meeting. The asset that stole the show on Monday, of course, was gold GCQ20, 0.69%, which climbed to…
Even before the stock market’s latest roller-coaster ride, millions of recession-scarred Americans were losing sleep
BySirhcThe escalation in trade and tariff tensions earlier this month appears to have shaken consumers’ confidence Courtesy of MarketWatch By Quentin Fottrell Published: Aug 10, 2019 9:49 a.m. ET How are you sleeping lately? The next recession will likely begin in 2020, according to the result of a recent panel of more than 100 real-estate economists polled…
Fund Managers Increase Bullish Posture In Gold
BySirhcCourtesy of Kitco News byAllen Sykora Monday March 25, 2019 10:59 Kitco News – Fund managers sharply increased their bullish positioning in gold futures during the most recent reporting week for data compiled by the Commodity Futures Trading Commission. Markets seemingly were factoring in a more dovish U.S. Federal Reserve even before policymakers gave markets a…
A ‘growing club’ of ‘very powerful countries’ is steering away from using the dollar
BySirhcKEY POINTS The U.S. dollar has been the world’s major reserve currency for decades, but that status could come under threat as “very powerful countries” seek to undermine its importance, warned Anne Korin, from the Institute for the Analysis of Global Security. Korin says China, Russia and the European Union are some “major movers” behind…