Silver as an investment

Category Archives: HIGHER UNEMPLOYMENT

BOE Keeps Rate At 0.25%, Warns Rates May Rise Faster In Case Of “Smooth” Brexit

Just as consensus had expected, the BOE kept its interest rate at 0.25% after a 7-1 vote; in a unaimous vote it also kept its corporate and government bond purchase programs unchanged at GBP10 and GBP435 BN respectively. The biggest highlight in the statement was the BOE’s note that monetary policy may need to be […]

Seven Years Of College Down The Drain

Authored by Nicholas Colas via Convergex.com, Last week’s Beige Book highlighted labor shortages for both skilled and unskilled workers, but perhaps employers are asking too much from certain applicants.   That’s the upshot from a report conducted by the Rockefeller Foundation and Edelman Intelligence, which surveyed C-suite executives, human resource officers, and individuals aged 18 […]

Job Market Rolling Over: Rate Of Hiring Declines At Fastest Pace Since 2013

On Wednesday the BLS reported Janet Yellen's favorite labor market indicator, the JOLTS survey, which as expected (since it tracked the modestly weaker October payrolls) showed that in October, the number of job opening dropped from the upward revised September print 5.631 million to 5.534 million, down some 97,000, if modestly better than the 5.5 […]

Marc Hanson: “Houses Have Never Been More Expensive To Buyers Who Need A Mortgage”

From Marc Hanson of M Hanson Advisors Houses have NEVER BEEN MORE EXPENSIVE to end-user, mortgage-needing shelter buyers. The recent rate surge crushed what little affordability remained in US housing. It now it requires 45% more income to buy the average-priced house than just four years ago, as incomes have not kept pace it goes […]

Job Openings In The US Unexpectedly Jump To Record High, As Pace Of Hiring Fails To Keep Up

Moments ago the BLS reported Janet Yellen’s favorite labor market indicator, the JOLTS survey, which as expected (since it tracked the far stronger than expected July payrolls) showed that in July the number of job opening rebounded from the June drop to 5.643 million, jumping by over 200K jobs to a new all time high […]

California Just Passed A $1 Billion Tax On The Whole Country That No One Noticed

The California State Assembly recently passed a bill that received minimal recognition by the press, outside of the state, but has substantial negative consequences for basically everyone in the country.  Once signed by Jerry Brown, the bill, known as AB 1066, will make California the only state in the entire country to provide overtime wages […]

“Central Bankers Are Killing Capitalism” Odey Warns, Moving Politics “Fast To Extremes”

Outspoken billionaire hedge fund manager Crispin Odey had a good June (+3.9%) in his 'Swan Fund' but remains down year-to-date as he continues to refuse to stop fighting The Fed. His latest missive – titled "Doing The Devil's Work" – lashes out at governments, central banks, and Europe for their desire to ‘stop recession at […]

Leaked: Full Text Of Donald Trump’s Convention Speech

Here is the full text of Donald Trump's prepared speech as prepared for delivery according to a draft obtained by Politico on Thursday afternoon. The end product may very well end up being something totally different.  * * * Friends, delegates and fellow Americans: I humbly and gratefully accept your nomination for the presidency of […]

Housing Bubble 2.0 – Are You Ready For This?

The mind-numbing Case-Shiller regional charts below are presented without too much comment. As MHanson.com's Mark Hanson adds, the visual says it all. Bottom line: Q:  If 2006/07 was the peak of the largest housing bubble in history with affordability never better vis a’ vis exotic loans; easy availability of credit; unemployment in the 4%’s; the […]

ZeroHedge: In Stunning Reversal, IMF Blames Globalization For Spreading Inequality, Causing Market Crashes

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. In a stunning reversal for an organization that rests at the bedrock of the modern “neoliberal” (a term the IMF itself uses generously), aka capitalist system, overnight IMF authors Jonathan D. Ostry, Prakash Loungani, and Davide Furceri issued a research […]