So, Trump has won the election. Of course anything can happen between now and his presumed inauguration on January 20. Maybe the Swamp Creatures will succeed in causing a recount in so-called Purple States that could change the number of electors in Hillary’s favor. Maybe they’ll somehow influence Trump electors ...
Read More »The Shocking Retirement Crisis Coming Your Way…
The nation’s largest retirement system is in serious trouble… The $303 billion California Public Employees’ Retirement System (CALPERS) just announced that it’s lowered its annual assumed rate of return to 7% from 7.5%. That means retirees will have to contribute more money to the plan to make up the difference in ...
Read More »Attack of the Robo-Traders…
It’s shortly past midnight, UK time, Oct. 7, 2016… Suddenly… in a bolt from the blue… the British pound sterling plunged 6% in about two minutes. Oceans of sweat begin filling the trading floors. A 1% or 2% daily move in an asset as liquid as the pound is banner ...
Read More »The Trump Bump vs. Gold vs. Yellen’s Keynesian Analysis…
For much of 2016, gold’s price action was whipsawed by market speculation about whether or not the Fed would raise interest rates in a final, grand gesture to ring out the month of December, as well as the soon-ending Obama administration. In essence, all year, the golden spotlight has been ...
Read More »Source of Fake News: The Mainstream Media…
The mainstream media is awash with hyper-active headlines about “fake news.” How can we make sense of this sudden obsession? Perhaps we can start by separating “news” from “analysis” from “commentary.” “News” is “he said this, she did that, this happened.” Analysis tries to make sense of trends that are ...
Read More »Trump, the Fed and Systemic Risk…
[Ed. Note: Jim Rickards latest New York Times best seller, The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis (claim your free copy here) goes beyond the election and prepares you for the next crisis] The most decisive factor in the implementation of the Trump economic plan ...
Read More »Donald Trump’s Unhappy Fate is to Oversee a Financial Crisis Far …
[Ed. Note: Jim Rickards latest New York Times best seller, The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis (claim your free copy here) goes beyond the election and prepares you for the next crisis] An earthquake doesn’t care if you’re progressive or populist. It destroys ...
Read More »The Approaching Winter: The Super-Cycle Has Turned…
How would you describe the social mood of the nation and world? Would anti-Establishment, anti-status quo, and anti-globalization be a good start? How about choking on fast-rising debt? Would stagnant growth, stagnant wages be a fair description? Or how about rising wealth/income inequality? Wouldn’t rising disunity and political polarization be ...
Read More »“An Emerging Dearth of Dollars”…
Uh-oh: The mainstream is starting to fret about the great dollar shortage. With the help of Jim Rickards, we’ve been delving into the paradox of a “dollar shortage” periodically since September. The paradox is this: While the Federal Reserve blew up its balance sheet by $3.4 trillion between 2008–2015, “the ...
Read More »Spotted: Bad Omen for Stocks…
Mischief, thou art afoot… John Hussman honchos the Hussman family of funds. He soothsaid the 2008–09 collapse in advance, way ahead of the crowd. And now, heading into 2017, he sees ill omens ahead… Market consensus — a seductive yet treacherous siren — says Trump’s big spending will keep stocks ...
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