From Kitco: A mix of geopolitical and economic uncertainties will likely create the perfect storm for precious metals and miners next year, said Brent Cook of Exploration Insights… Continue reading at Kitco…
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But the central bank has kept interest rates at record lows! The relentlessness of the housing busts in the regions of Sydney and Melbourne – they account for about 55% of Australia’s housing stock by value – is quite something. At some point, it seems, the price declines would slow down … Read more
BY JOHN MAULDIN The mainstream media is packed with criticism of Jerome Powell’s press conference. The market didn’t like what it heard and immediately tanked. People called him tone deaf for not listening to the market. What was Powell thinking? There were many accusations that Powell fumbled the ball, not telling the market what it wanted … Read more
From The Atlantic: It was only after they’d sunk $40,000 and nine months of precious nights and weekends that Jordan McDowell and William Bjork realized how hard it is to make a passive income selling things on Amazon. The couple had hoped to strike it rich – or at least quit their day jobs – buying … Read more
From the National Interest: 2018 was a year of breakthrough diplomacy and proxy warfare, Trumpian chaos and unexpected U.S. military drawdowns. An American president and a North Korean dictator shook hands for the very first time since the Korean Peninsula was divided into two nations. American pilots released more munitions in Afghanistan this year than at any other … Read more
via @MI_Investments: Q/T stopped forcing C/B’s to explain $20T bal sheets not temporary. US deficits $1T–>$2T. Debt crises erupt + spread globally. #DebtMatters #Vol #TradersMkt Strong economy, Jay Powell? Or an economy on IV infusions of debt just to maintain 2% growth? Global debt-to-GDP is 275%. Each 100% portion of the 275% total would cost … Read more
https://twitter.com/JTSEO9/status/1080468631887249408 Tesla missed Q4 delivery #s Despite the incentive for customers to buy, before the impending loss of $3,750 / car federal subsidy Q3 = best $TSLA will ever have Price cut this morning = straight to margins Growth story = OVER Profit story = OVER Cash crunch coming — Gabe Hoffman (@GabeHoff) January 2, … Read more
Corporate Debt Is Reaching Record Levels “U.S. corporate debt has climbed to roughly 46% of GDP, the highest level on record. Observers worry that highly leveraged companies could pose a threat to the global economy, especially if growth slows and rates continue to rise.” Global Manufacturing #PMI down to 27-month low of 51.5 in December, … Read more
via CNBC: Robert Lighthizer has reportedly told friends and associates he is intent on preventing Trump from accepting “empty promises” like temporary increases in soybean purchases. In order to avoid this, the U.S. may have to slap tariffs on more Chinese goods, Lighthizer has said, according to The New York Times. U.S. Trade Representative Robert … Read more
via mises.org: Only a few months ago most economic commentators were sanguine about prospects for the US economy. Most of them did not expect an imminent downturn. Now all that has changed with most experts expecting the economy to enter a downward phase of the economic cycle by 2019. According to experts, the key factor behind … Read more