by Chris Powell of the Gold Anti-Trust Action Committee (GATA) Dear Friend of GATA and Gold: In his new “Frank Talk” column, U.S. Funds CEO Frank Holmes ranks his May interview with your secretary/treasurer among his five most popular financial interviews this year. Holmes calls it “a must-read for anyone seeking information on the gold market that traditional financial … Read more
By David Stockman All you need is buybacks and an easy Fed and the charade can me maintained for years:
Omgawd look at the meltdown! Lost my Schiff!😂🤣🤣🤣 pic.twitter.com/x03ptaVjWw — Karli Bonne’ 🇺🇸 (@KarluskaP) January 3, 2020
by Amy S. US-Iran tensions rise after Qassem Soleimani, head of Iran’s elite Quds Force, killed in Baghdad by US air strike. Tensions between the United States and Iran have escalated dramatically after a US air strike killed Qassem Soleimani, head of Iran’s elite Quds Force, and Abu Mahdi al-Muhandis, deputy commander of Iran-backed militias known … Read more
Iran’s state television reported that the country will no longer abide by any of the limits of its 2015 nuclear deal. The announcement came Sunday night after another Iranian official said it would consider taking even-harsher steps over the U.S. killing of Iranian Gen. Qassem Soleimani on Friday in Baghdad. State TV cited a statement … Read more
An ugly report. How will it impact the overall economy? By Wolf Richter for WOLF STREET. US manufacturing took a turn from lousy to worse in December, according to the Manufacturing ISM Report On Business, released today, with employment, new orders and new export orders, production, backlog of orders, and inventories all contracting. The overall Purchasing Managers Index (PMI) … Read more
Amid a slew of problems. By Nick Corbishley, for WOLF STREET: Italy could be on the verge of approving rules that would make it much easier and cheaper to revoke highway concessions. And that could be very bad news for Autostrade per l’Italia (ASPI), the private toll road operator that controls more than half of Italy’s aging toll roads … Read more
Sales fall for second year in a row, as car sales collapse further and truck sales barely tick up. By Nick Corbishley, for WOLF STREET: Sales of passenger cars and light trucks in Canada fell 3.7% to 1.91 million vehicles in 2019, the second year in a row of declines, and were down 6.1% from peak-year 2017, according to … Read more
by Fabius Maximus Summary: This is one of the best essays I’ve seen about the causes of Brexit, going beyond Britain’s elites (and their journalist servants) blaming the ignorant racist proles (which conveniently excuses them of any responsibility). Professor Mark Blyth shines a light on the real forces at work, and shows how the US has similar problems. … Read more
Money manager Michael Pento says, “I have 10% of my portfolio in gold, and I am going to increase that. I would think you need at least 10% in gold, physical gold, right now. If you don’t have that, then you are doing yourself a great disservice. I include gold, silver and platinum in the … Read more
United States Secretary of State Mike Pompeo Reveals What John Kerry and the Obama Administration are Doing Behind the Scenes h/t dr0id
Donald J. Trump Verified account @realDonaldTrump Iran is talking very boldly about targeting certain USA assets as revenge for our ridding the world of their terrorist leader who had just killed an American, & badly wounded many others, not to mention all of the people he had killed over his lifetime, including recently…. Iran is … Read more
General Flynn Verified account @GenFlynn Soleimani–#1 terrorist in the world, now a good guy & Iran, #1 State Sponsor of Terrorism, now has nuke capabilities–what just happened? Soleimani–#1 terrorist in the world, now a good guy & Iran, #1 State Sponsor of Terrorism, now has nuke capabilities–what just happened? — General Mike Flynn (@GenFlynn) July … Read more
FULL STATEMENT: President Trump On Military Involvement He died, Trump has now killed the leaders of ISIS and the Al Quds force. Obama was a twit. h/t Jake
Whoa, I wonder who they will attack first? https://www.dailymail.co.uk/news/article-7851623/Iranian-identifies-35-targets-retaliatory-strikes-General-Soleimanis-death.html An Iranian official says at least 35 U.S. targets, including warships and Tel Aviv, have been identified for retaliatory strikes as Lebanon’s Hezbollah tell Iraqi soldiers to leave U.S. bases and the White House say an attack can happen ‘within weeks.’ The potential threat was raised … Read more
by Fabius Maximus Summary: During the past decade we have deployed our most skilled warriors and most advanced technology in a massive assassination program with few precedents in history. This put the power of evolution to work for our foes. It is called the Darwinian Ratchet, a well-known concept in science and proven in war. I … Read more
by WARREN MOSLER Deeper into contraction: The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: “The December PMI® registered 47.2 percent, a decrease of 0.9 percentage point from the November reading of 48.1 percent. This is the PMI®’s lowest reading since June … Read more
by northmantrader Recently an annual ritual took place. Wall Street analysts setting year end price targets for the S&P 500 for the new year. Don’t act surprised but these latest price targets are higher for 2020. Why is it not a surprise? Because Wall Street always projects higher price targets. No matter what. And Wall … Read more
by DCG Demorats have their panties in a wad over President Trump ordering the drone killing of Iranian militia terrorist, Qasem Soleimani. As noted by Ben Shapiro, “According to Democrats, giving the Iranian terror regime access to hundreds of billions of dollars with no restrictions on terror use or ballistic missile testing was good, and killing the terrorist responsible for … Read more
