Gold has broken out of a major resistance levels with longer term indicators projecting more gains after consolidation. All 7 of our gold mining stock…
The asymmetries are piling up and we’re cracking under the weight.Judging by the record-high stock market and the record-low unemployment rate, the “recovery” has reached new heights of prosperity. Academics and think-tankers viewing the global ec…
In lieu of my weekly technical update this opinion piece instead: The free money whores are back again. Harsh? Perhaps. Untrue? Not really. As I’ve stated before our market system is broken, […]
Cycle projections for this move point higher, even though a pullback or consolidation is due this week. The buy condition for last week’s recommended trade…
Our society has a legal structure of self-rule and ownership of capital, but in reality it is a Neofeudal Oligarchy.The Inheritance of Rome: Illuminating the Dark Ages 400-1000 is not an easy, breezy read; its length and detail are daunting.T…
Today’s prescription for unstable markets and finance: more monetary stimulus. For unstable economies: more monetary stimulus. For inequality, trade wars and geopolitical uncertainties: much more monetary stimulus.
Last month in the Treasury Supply update (May 16) I wrote that the debt ceiling would continue to force the Treasury to pay down debt,…
In order for rate cuts to be insurance for a boom to continue, there first has to be a boom able to be continued. The FOMC meeting yesterday didn’t directly kill the idea, but that’s actually what’s coming up in the latest projections. This is why there’s been so much attention focused on inflation. The […]
In early January, much of the world was dazed and confused. What the hell just happened? Two weeks before, in the middle of December 2018, Jay Powell stood in front of the microphones confidently declaring his rate hikes justified by an extremely strong economy. Yet, even the stock market had turned against him. When the […]
The rest of us eat our losses, either all at once or in bitter bites as we trudge through the financial wasteland left after bubbles burst.The news that the Federal Reserve Casino is giving away free gambling chips triggered a frenzied rush that trampl…