Paul Krugman has a new post that explains why the debate over money- vs. bond-financing of government deficits is really much ado about nothing. In it, he essentially echoes longstanding MMT-core principles, as we will show below. Indeed, MMT blogs have written as much many times previously (for example, see here, here, here, and here).
Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks…
ForbesTMX Group's Tom Kloet Has One Big Concern About Nasdaq's …ForbesWhen Tom visited Forbes on June 7, we talked about everything from Nasdaq's recent flub of the Facebook IPO to consolidation in the exchange space and the …
ForbesGold jumps, heads for biggest 2-day gain since OctoberReutersBy Josephine Mason and Jan Harvey | NEW YORK/LONDON (Reuters) – Gold rose more than 1 percent on Friday, on track for its largest two-day gain since October, boosted by investors' c…
Yesterday performed as expected in regards to a consolidation/correction. This correction may be over, or it may have a bit more downside left.
Some readers asked about the possibility of a top being in place, so I’ll address that…
A pullback is due or overdue in a couple of cycles and there were some hints on Friday that it could be starting. But there…
Short term cycles are due for a pullback but intermediate cycles have been slowly gaining momentum. Monday could send an important signal.
While anything is possible, it doesn’t seem reasonable that the current bull market is over. There has been a strong upward thrust, a substantial correction, and this week we made new bull market highs. A long-term rising trend line has been establishe…
Whitney sees 5,000 bank branches closing
Technological and regulatory shifts have made it harder to make a living as a small banker, fueling a feeding frenzy by bigger players at the expense of the smallest banks. The U.S. bank count slipped below 8,0…
As a result of today’s selloff, many charts now sport false upside breakout patterns. Further weakness would complete such whipsaws on most of the key…