Silver as an investment

Category Archives: Budget Deficit

Is The Aramco IPO On The Brink Of Collapse?

Authored by Nick Cunningham via OilPrice.com, In what could be a humiliating decision, Saudi Aramco is considering not staging an IPO next year as planned, due to the difficulty of pulling off an international listing. On Friday, the Financial Times reported that Aramco is weighing a different strategy: selling stakes in the company to private […]

“Game Changer”

Authored by Paul Brodsky via Macro-Allocation.com, Investors understand that asset markets are experiencing dynamic change (think ETFs), but have not yet broadly recognized that the fundamental nature of wealth itself is changing too. Before the decline of active asset management runs its course there will be an imperative to focus on active currency management. Wealth […]

Congress Takes The First Step To Pass Tax Reform: Here’s What Comes Next

Today The House passed the 2018 budget resolution in a 219-207 mostly party-line vote (18 republicans voted against the resolution along with all Democrats), representing the first step toward the Republican goal of sending tax-reform legislation to President Trump. Republican lawmakers hailed the vote as meaningful because the due to the budget reconciliation rules, the […]

A Frustrated Bank Of America Asks “What Could Go Wrong?”: Here Is Its Answer

For the past 3 months, Bank of America strategist David Woo has been warning that the market is precariously unbalanced, and as a result the smallest shift away from being “priced to perfection”, or spike in volatility, could lead to a waterfall event. As we first reported back in July, Woo first warned that between […]

Finding The Root Cause Of Recessions

Authored by Lakshman Achuthan and Anirvan Banerj via Bloomberg.com, Two things bear most of the blame: external shocks and economic volatility. The U.S. managed to avoid recession after the financial crisis, but Japan has succumbed to three contractions since 2009. Economic volatility is a key reason for this divergence, and that tells us a great […]

Hartford Bankruptcy Looms As CT Gov Admits “We Spent Money On Wrong Things”

Connecticut Governor Daniel Malloy is among the country’s least popular governors after forcing through two tax hikes that sent individuals and corporations fleeing from the state. Luckily for the state and its people, Malloy apparently has no interest in sticking around to take the heat when it comes time for the next hike: He has […]

Gavekal On The Coming Clash Of Empires: Russia’s Role As A Global Game-Changer

Submitted by Charles and Louis-Vincent Gave of Gavekal Research Carthago Est Delenda “Carthage must be destroyed”. Cato the elder would conclude his speeches in the Roman Senate with the admonition that salt should be spread on the ruins of Rome’s rival. Listening to the US media over these summer holidays from Grand Lake, Oklahoma, it […]

As D-Day Looms, The Maturity Of ECB’s Bund Purchases Drops Again

With every passing month, the ECB gets closer to its (QE)D-Day: the day when it runs out of bonds to buy, which according to recent calculations could take place in just a few months unless the ECB taper its bond purchases soon. In its latest monthly purchase, the ECB revealed that, according to Bloomberg calculations, […]

In Fiscal Dire Straits, Connecticut Showers State Disability Workers With Overtime Pay

Judging by muni spreads, Illinois is widely considered the most financially troubled state in the country. However, preppy Connecticut, which has the highest per-capita income in the country and whose capital Hartford has been on the verge of bankruptcy for months, isn’t far behind. As lame-duck Democratic Gov. Daniel Malloy battles with the legislature – […]

CBO Says McConnell Healthcare Bill Would Slash Deficits By $420 Billion, Leave 15 Million Uninsured

Another day, another CBO score for another version of the GOP's healthcare bill. This time, the agency estimates that McConnell's "Better Care Reconciliation Act" legislation would lower the federal budget deficit by $420 billion over the next 10 years by reducing spending for Medicaid and subsidies for nongroup health insurance. As The CBO notes, those […]