Unintended Consequences, Part 2: Easy Money = Overcapacity = Trade Wars
It’s unclear what China was thinking when it was borrowed all those trillions to quadruple its capacity to make steel, cement and other basic industrial
It’s unclear what China was thinking when it was borrowed all those trillions to quadruple its capacity to make steel, cement and other basic industrial
Somewhere back in the depths of time the world got the idea that easy money — that is, low interest rates and high levels of
Combine record-high stock prices with weak corporate earnings, a too-strong dollar and rising turmoil in Europe, Asia and Latin America, and the result is a
For as long as most gold and silver investors can remember, the paper markets — that is, banks and speculators placing bets with futures contracts
Goldman, Morgan Stanley and IBM release numbers that look, well, depression-like. Housing starts plunge, gold and silver spike, China’s bond market seizes up, and Deutsche
For years now, the easiest way to finesse a debate over whether precious metals markets are manipulated has been to say, “well, if they’re not manipulated
Most US companies will report earnings this month, and most analysts think the results will be depressing. That’s bad news for stock prices and might
Corporate profitability is one of the canaries in today’s financial coal mine. If companies are making more money each year they tend to hire more
Between the “Panama papers” and the DC Madam’s customer list, we might be witnessing the end of personal (and corporate and government) privacy. The result?
Back in 2014, online bullion dealer Tulving shocked its many customers by suddenly failing. See Coinweek’s story: How does $40M of Gold and Silver Disappear:
It’s just about official: With corporate sales and profits shrinking and consumer spending flatlining, the US economy will grow hardly at all this year while
Europe is the birthplace of Western civilization and the source of most of the trends and bodies of knowledge that define modernity. The average European
ECB chair Mario Draghi delivered big-time this morning by announcing lower interest rates and a new round of debt monetization. Historically, this kind of thing
Suddenly, gold and silver are good again. In two short months, they’ve morphed from targets of derision to shiny new toys on the financial playground.
For most of the past few years it was easy to make the case that precious metals mining stocks were cheap. They’d suffered through an
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