A few months ago, we highlighted how Illinois was broke and that it would soon be the first state to have a junk bond rating. After all, the state has gone over two years operating without a budget. The state is in shambles, running up $15 billion in unpaid bills, and according to CNN Money […]
China stocks win MSCI inclusion; initial market reaction muted. Read story Uber CEO Travis Kalanick resigns under investor pressure. Read story Oil headed for weakest first-half performance in two decades. Read story S. Korea says crashed N. Korea drone ‘grave provocation’. Read story Villian of the housing crash makes a comeback. Read story The dark […]
Yes we will see oil at $100 again, and in fact, we will likely see oil at north of $200 in the next decade. But before we get there we are most likely to see oil in the $30 range. When the Fed started its Quantitative Easing (QE) program, they created an environment where oil […]
For over a year now we have been warning that many large Euro banks are in serious financial trouble. This week, after burning €3.6 bln ($4 bln) of emergency central bank funding in the first two days of the week, Spain’s Banco Popular suffered the eurozone’s first large-scale bank run. A steady stream of deposit […]
Q: I am a new subscriber and see that you have projected the S&P 500 to hit 3000 in 2018, how do you justify such a projection? A. We are currently in the middle of one of the biggest bull markets in history. Historically, before the top blows off a bull market there is a […]
With this being such a critical time for the US and global economies, the US voted in Donald Trump, a candidate who was a non-politician, who represented change. Trump was elected with a platform of tax and regulatory cuts, and infrastructure spending. He also promised to “drain the swamp” and remove the corruption and lobbying […]
In 2016 US auto makers sold more cars than ever before, with many of the mainstream media hailing this as clear evidence of rising consumer confidence. But it was not just auto sales that revved higher, so too did auto loans. US auto buyers racked up $1.2 trillion in auto loans last year, an increase […]
Wall St opens higher as government shutdown averted. Read story Oil falls as drillers boost rigs and Libya expands output. Read story Biggest gold ETF just saw largest outflows on record. Read story Fed’s cut in bond holdings may be messier than Yellen hopes. Read story French election: Macron says EU must reform or face […]
US first quarter growth at 0.7%, weakest in three years as consumer spending falters. Read story Canada’s economy stalls as factory decline offsets housing. Read story Eurozone inflation picks up to 1.9%. Read story Oil rebounds from one-month low on hopes for OPEC output cut extension. Read story Trump: ‘Major, major’ conflict with North Korea […]
There are many factors that affect the precious metal prices. There are basic supply and demand factors, such as demand for jewelry, electronic, and medical devices. Precious metals are also investments, often acting as a hedge against geopolitical events and a loss of confidence in government. Precious metal prices, like most commodities prices are also affected […]