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by Simon Black Warren Buffett, despite his extraordinary investment success, has a rather famous and long-standing love/hate relationship with precious metals. Maybe it started with his dad– Congressman Howard Buffett of … Read more
via CNBC: Sen. Ron Wyden, the ranking Democrat on the Senate finance committee, is proposing to raise taxes on capital gains to the same rates as ordinary income. Wyden estimates … Read more
by GoldCore * Gold gained 1.7% and silver surged 4.9% yesterday after weak U.S. manufacturing data reinforced fears of a U.S. and global recession * The escalation in the U.S.-China … Read more
By Tsvetana Paraskova Oil prices nudged up early on Friday, supported by weekly U.S. reports of inventory draws and simmering tensions in the Middle East, while worsening outlooks on the … Read more
Submitted by Joseph Carson, former Director of Global Economic Research, Alliance Bernstein The happy prophecy of endless growth in the economy generating a continuous flow of strong corporate earnings just … Read more
by r98986 Last night, I was taking a hot shower and had some shower thoughts, and got this breakthrough idea which might be able to help me offset -$56k … Read more
Dow Industrials on Pace to Notch Record High The Dow Jones Industrial Average rose a fourth straight session, pushing the blue-chip index above its record closing level in intraday trading … Read more
via Zerohedge: Following last month’s disastrous starts and permits data, Tuesday’s release of the S&P/Case–Shiller US National Home Price Index hinted at a nasty slowdown in all 20 metropolitan regions the … Read more
By Rodney Johnson My house is in a bit of disarray. We’re spring cleaning, but it’s more than that. We’ve decided to move, so going through clutter takes on new meaning. … Read more
by GoldCore – Gold gains due to concerns about slowing growth, monetary and geopolitical risks – Increasing possibility of ‘No Deal’ Brexit heightens recession risks in UK, Ireland – Brexit … Read more
by Charles Hugh-Smith Even if the Fed hadn’t institutionalized perverse incentives to borrow and speculate in asset bubbles, the economy would still be generating far fewer winners than losers. If … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Central-Bank Stimulus Fail: The longer it drags on, the worse it gets? Manufacturing in the powerhouses Germany, Japan, and China took a hit – all of … Read more
via mediaite: “In the latest NPR/PBS NewsHour/Marist poll released Thursday, President Donald Trump may have suffered some among Republicans overall, but he saw a huge point gain in a different demographic … Read more
Wolf Richter wolfstreet.com, 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 … Read more
by Adam Taggart Ever since the central banks became serial bubble blowers twenty years ago, household wealth has mostly been driven by asset price inflation: But this has been a … Read more
