The American Jobs Curse At Amazon (And Obama Stepped Into It)

Amazon cost the US economy more than 42,000 jobs just last year! Amazon has an advantage over small stores: it has the Fed. The Fed’s money-printing & bond-buying binge has produced the largest credit bubble in history & another stock market…

Continue reading

2Q growth numbers indicate a US recession is on the way

Today’s low-but-actually-lower GDP growth numbers pull the US economy down to stall speed. Given the ongoing drag from Q2 inventory build, fiscal austerity, weaker global growth, & higher, taper-talk-driven interest rates, we could well see negat…

Continue reading

Will Gold Be a Medium of Exchange Again?

Well, central banks are still using gold as a reserve. In the medium term, it is a hedge against the counter-party risks of a global fiat reserve system in flux. But central banks buying & acquiring gold is not the same thing as gold being used a…

Continue reading

Ancient gold of lost Egyptian city going on display

Gold, bronze weights, statues and other artifacts from the Egyptian city of Heracleion, lost underwater to history for 1,200 years, will soon go on display, according to an international team of archaeologists.

Continue reading

August Gold enters its Delivery Period – Trader Dan Norcini

With all the chatter out there about shortages of gold, Comex warehouse stocks drawdowns, etc., the delivery process for August gold could be interesting.

Continue reading

The Blindness of Modern Economists – Casey Research

Why the four horsemen of the global economic apocalypse are invisible to most academics…

Continue reading

Fed Keeps $85 Billion QE Pace, Sees Risk of Disinflation

The Federal Reserve said it will maintain its $85 billion in monthly bond purchases and persistently low inflation could hamper the economic expansion.

Continue reading

Bonds Face Worst July In 10 Years

It seems it is better to project the ‘fallacy’ that the economy is strong enough to withstand a ‘tapering’ of monetary policy than to admit that there is a technical limit to the extent by which the Fed can print money before it breaks the market &am…

Continue reading

Mortgage Applications Plunging At Fastest Rate In 4 Years – Refis Down 57%

With a number of banks cutting their mortgage departments (Wells Fargo JV and Everbank most recently), it seems the ‘weakness’ in the housing recovery may be more than transitory.

Continue reading