Silver as an investment

Category Archives: Economy

SNB Spent $68 Billion On Currency Manipulation In 2016

While Donald Trump has repeatedly expressed his displeasure with China for manipulating its currency, he appears to have recently figured out that over the past 2 years Beijing has been spending hundreds of billions in dollar to strengthen, not weaken, the Yuan and to halt the ~$1 trillion in capital flight from China. But while […]

Death & Taxes… And Debt

Nothing in this world is certain, except death and taxes… and $62,000 debt. According to December 2016 data provided to Credit.com by credit bureau Experian, 73% of consumers had outstanding debt when they were reported as dead. Those consumers carried an average total balance of $61,554, including mortgage debt. Without home loans, the average balance […]

A New Trend Emerges – Digital Gold “Gifting” Gains Popularity In China

Authored by Mike Krieger via Liberty Blitzkrieg blog, I rarely write about gold these days, but the following from Reuters caught my attention. BEIJING/SHANGHAI, March 7, China’s virtual gifting market, typically the domain of plugged-in young consumers celebrating special occasions or flirting, is luring major financial institutions keen to boost trade of another auspicious commodity: […]

Wrold Out of Whcak: Your Attention Please!

By Chris at www.CapitalistExploits.at Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing. Welcome to this week’s edition of “World Out Of Whack” where every Wednesday we take time out of our day to laugh, poke fun at and present to you absurdity in global financial markets in all its glorious insanity. While we […]

Ford Warns “Used Car Prices Will Drop For Years”

Earlier this morning we noted Ford’s “CFO Let’s Chat” meeting with analysts before which Ford announced weak 1Q adj. EPS guidance of 30c-35c, coming in well below analyst estimates of 47c, which they blamed on higher costs, lower volume & unfavorable exchange rates.  With the call now concluded, here are a couple of the key […]

Are Banks About To Derail The New U.S. Shale Boom?

Authored by Irinia Slav via OIlPrice.com, Just when international oil benchmarks are sliding down, banks are preparing to review the credit lines of U.S. E&Ps. Starting in April, lenders will reassess companies’ creditworthiness on the basis of reserves, production trends, current prices, and future prospects for the industry, among others. Should anything spark worry, banks […]

Gold Bugs; Stellar performance stage set again

From 2001 to 2011, would you have rather owned the S&P 500 or Gold Miners (Gold Bugs Index/HUI)? If you answered the Gold Bugs index, you would be correct. The left chart below compares the performance of the Gold Bugs Index and the S&P 500. From 2001 to 2011, the Gold Bugs index out performed […]

Ford Stock Slumps To Post-Election Lows After Slashing Guidance

With auto loan growth collapsing… And after admitting that "auto sales have reached a plateau,"  – Below are some of the key comments from Ford executives describing the current conditions in the auto market: "For the remainder of the year, we continue to see retail in the industry provide incentives still running at historically high […]

Stocks Have Partied Hard Since Election Night… Now Comes the Hangover

The market is now on very thin ice. Yesterday worked off some of the “oversold” status for stocks, but we are in extremely dangerous territory today. The S&P 500 has taken out critical support (red line) as well as the bull market trending running back to early November (blue line). More concerning for the bulls: […]

Marxist Socialism now relabeled as the Sharing Economy

armstrongeconomics.com / by Martin Armstrong / Mar 23, 2017 In Canada, I was in a discussion with a socialist politician. I was shocked at the response to their view of the economy that everything you earned belonged to the state and they decided how much you were allowed to keep. This same attitude is displayed by the […]