The US Treasury 10Y-2Y slope keeps on dropping.
In the past week, the silver price has been a victim of the same negative drivers as gold.
Another day in the land of Central Bank bubbles.
Financialization of the global economy is now complete, thanks to the world’s hyperactive Central Banks and the age of riskless recklessness they engendered.
What will it take to radically reduce the cost basis of our economy? If we had to choose one “big picture” reason why the vast majority of households are losing ground, it would either be the stagnation of income or the spiraling out of control co…
China’s National Bureau of Statistics reported last week that the official manufacturing PMI for that country rose from 51.6 in October to 51.8 in November.
I could understand it if its track record was spotty, or partially mixed. But the level of denial runs deep and wide with the yield curve. There is a growing chorus of nonsense, really, which is attempting to spin the flattening as some kind of benign technical rotation that through illogical convolution equals the opposite…
Gold prices haven’t been making headlines to compete with record-high stocks or Bitcoin reaching $10,000.
But that’s all about to change.
Investors are optimistic about the Dow Jones today following the Senate’s passage of the largest overhaul of the American tax code in 30 years.
We’ve got a heartache tonight … in terms of bank lending. Particularly commercial and industrial lending (C&I) and auto loans. Particularly since bank lending is the primary transmission vehicle for Federal Reserve policies. C&I lending growth fell to 1.2% YoY, … Continue reading →