Silver as an investment

Category Archives: world economy

Stockman: US Entry Into World War I Was A Disaster

Authored by David Stockman via The Daily Reckoning, 103 years ago, in 1914, the Federal Reserve opened-up for business as the carnage in northern France was getting under way. And it brought to a close the prior magnificent half-century era of liberal internationalism and honest gold-backed money. The Great War was nothing short of a […]

Goldman Sachs Maintains The Most Tax Havens Of Any US Company… By Far

Multinational companies based in the United States are able to avoid paying an estimated $100 billion in federal income tax every year through the use of tax havens. As Statista's Niall McCarthy notes, a recent report from the Institute on Taxation and Economic Policy has found that 366 of America's largest 500 companies maintain 9,755 tax haven […]

These U.S. Companies Have The Most Cash Parked Overseas

While many US companies, especially those in the Russell 2000, have seen their stocks surge in recent days on renewed hopes that Trump tax reform may pass in the coming months (Goldman assigned a 65% probability of Trump tax passing), the reality is that for a vast majority of US corporations a tax cut to […]

Loonie Spikes After Canada’s Best First-Half Economic Growth In 15 Years

Thanks to a surge in government spending in Q2, Canada's GDP grew at 4.5% SAAR. This is the best growth since Q3 2011 and is the best growth of all G-7 nations in Q2. This is higher than the highest economist estimate… Bloomberg reports that Canada’s consumers, benefiting from a buoyant jobs market and rising […]

David Stockman Warns “Don’t Forget About The Red Swan”

Authored by David Stockman via The Daily Reckoning, Given the anti-Trump feeding frenzy, we continue to believe that a Swan is on its way bearing Orange. But if that’s not enough to dissuade the dip buyers, perhaps the impending arrival of the Red Swan will at least give them pause. The chart below comprises a […]

Look Out Manhattan – Chinese Foreign Real-Estate Spending Plunges 82%

Earlier this month, Morgan Stanley warned that commercial real estate prices in New York City, Sydney and London would likely take a hit over the next two years as Chinese investors pull out of foreign property markets. The pullback, they said, would be driven by China’s latest crackdown on capital outflows and corporate leverage, which […]

“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 […]

Soaring Debt = Slow Growth = Even More Debt = Systemic Crisis

Authored by John Rubino via DollarCollapse.com, It’s just common sense: Borrow too much money and the weight of this debt makes it hard to do things that used to be easy. This truism is now (finally!) hitting home, and blame is being apportioned. A couple of recent examples: Over The Last 10 Years The U.S. […]

Mauldin Warns The Next Recession May Be A Complete Reset Of All Asset Valuations

Authored by John Mauldin via MauldinEconomics.com, Sometime this year, world public and private plus unfunded pensions will surpass $300 trillion. That is not even counting the $100 trillion in US government unfunded liabilities. Oops. These obligations cannot be paid. A time is coming when the market and voters will realize this. Will voters decide to […]

About That “Underwhelming” US-China Trade Deal: Much Less Than Meets The Eye

Overnight, the US Department of Treasury released the initial result of the 100-day Sino-China trade and economic negotiations, a month after the presidential summit at Mar-a-Lago in early April. Under the negotiations led by Steven Mnuchin and Secretary of Commerce Wilbur Ross in the United States and Vice Premier Wang Yang from China, the two […]