Silver as an investment

Category Archives: business

“They Can And Should Do More” Australian State Slams Banks With $280 Million Tax

Australian bankers are furious after the country’s smallest state levied a “surprise” tax on the country’s five biggest banks that could siphon off $280 million in profits during its first four years on the books, according to Reuters.  The tax was imposed by South Australia, which is struggling with the country’s highest unemployment rate and […]

Exposing Our Lawless Central Bank

Authored by Ryan McMaken via The Mises Institute, The economic arguments against central banks are numerous to say the least. Through the writings of Ludwig von Mises and Murray Rothbard we have a wide variety of critiques that explain the many ways the central banks distort economies, cause booms and busts, punish savers, and chose […]

New York’s “Billionaires Row” Suffers Biggest Foreclosure In History

In the latest sign that NYC’s ultra-high end property market is on the verge of imploding after a wave of overly aggressive development, another luxury condo at Manhattan’s One57 tower, a member of “Billionaire’s Row,” a group of high-end towers clustered along the southern edge of Central Park, has gone into foreclosure – the second […]

Another Mika Meltdown: Trump Is Morphing Into A “Dictator Or Someone Who Is Not Well”

MSNBC’s “Morning Joe” co-host Mika Brzezinski has become famous for her on-air Trump meltdowns and apparently she was feeling particularly ‘triggered’ this morning as an entire segment seemingly got derailed when she went rogue and compared Trump’s administration to a “developing dictatorship.”  The snowflake moment sparked a minor per-martital tiff between Mika and Joe resulting […]

Weekend Reading: Oil Slick

Authored by Lance Roberts via RealInvestmentAdvice.com, Beginning in December of last year, following the announcement by OPEC of a cut in oil production, I have discussed the “headwinds” that persist against a sustained rise in oil prices. “The supply/demand dynamics currently suggest that oil prices and energy-related investments could find a long-term bottom within the […]

Banks Battered, Biotechs Best As Yield Curve Crashes To 10-Year Lows

Tech investors the last 2 days…   Lots of chatter again this week about shrinking The Fed's balance sheet… it's gonna happen no matter what and it is looming… so The fed will be shrinking at $20-50bn a month going forward, will The ECB or BOJ step up and increase their buying to keep the […]

Former Fed Governor: “The Fed Isn’t As Independent As Many Think”

With every passing day, the Fed is slowly losing the game, a point made earlier today by SocGen’s Albert Edwards who wrotes that “Citizens Will Soon Turn Their Rage Towards Central Bankers.” And it is not just skeptical pundits, and former (and in some cases current) Fed presidents admitting central banks are increasingly powerless to […]

US PMIs Tumble To 9-Month Lows, Catching Down To Collapse In ‘Hard’ Data

Following disappointment from China last week, and Europe this morning, US PMIs (both manufacturing and services) dropped and disappointed as it appears the lagged impact of China's slumping credit impulse are finally hitting the world's economies. With 'hard' data collapsing to 13 month lows, it is not surprising that 'soft' survey data is finally catching […]

“The Hope Trade” Is Over: BofA Slashes Its 2017 GDP Forecast To Just 2.1%

First they came for the Trump Trade… then they came for the hope. And, as a result, BofA has thrown in the towel on its economic rebound for this year. As BofA’s Michelle Meyer writes, “Hopes for a big fiscal stimulus have faded, prompting us to revise our 2018 GDP growth forecast to 2.1%, down […]

Trump Explains Why He Bluffed On ‘Comey Tapes’; Blasts Mueller’s Hiring Of “Clinton Supporters”

After weeks without a live interview, President Trump, much to the dismay of the left-leaning MSM, appeared on Fox & Friends this morning with Melania.  The interview will undoubtedly be described throughout the day as a ‘softball’ piece but it did at least result in some new insights, maybe. First, on the now infamous ‘Comey […]