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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…
Gold pullback extends to start the session, silver also down by 9% on the day now
BySirhcThe pullback is getting violent Gold has fallen to a low of $1,907 on the day as the sharp fall continues following futures touching over $2,000 earlier in the day. Meanwhile, silver is tailing off to a low of $22.32 or down by 9% after having touched just above $26 in Asian trading earlier. As…
Fed’s Second 42-Day Repo Oversubscribed As Rising Repo Rate Confirms Year End Liquidity Rush
BySirhcZeroHedge by Tyler DurdenMon, 12/02/2019 – 08:33 One week after the Fed’s first 42-day term repo which for the first time allowed dealers to lock in funding into the new year and which was 2x oversubscribed, confirming a growing scramble for year-end funding, traders were keenly looking ahead to the result from today’s second 42-day repo…
DoubleLine’s Jeffrey Gundlach puts chance of recession at up to 65%
BySirhcCourtesy of Yahoo Finance by Julia La Roche Reporter Prominent bond investor Jeffrey Gundlach, the CEO of $130 billion DoubleLine Capital, sees the increasing likelihood of a recession within the next six to twelve months. A couple of years ago, Gundlach began highlighting key recession indicators on his webcasts, to see if there was potentially…
Jay Taylor: Under “Basel III” Rules, Gold Becomes Money!
BySirhcCourtesy of ZeroHedge In 2018, central banks added nearly 23 million ounces of gold, up 74% from 2017. This is the highest annual purchase rate increase since 1971, and the second-highest rate in history. Russia was the biggest buyer. And not surprisingly, the lion’s share of gold is flowing into central banks of countries that are…
Gold hits an all time high in 72 currencies
BySirhcby Ross Norman on January 15, 2019 It is natural that we measure things by a familiar yardstick – the problem is that being so-biased or lazy, we can be deceived. Take gold. Popular belief has it that gold prices have not performed especially well despite some egregious geopolitical and economic factors. Well measured in…