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The US markets are closed today, but the March jobs numbers were release this morning — 126,000 non-farm payroll jobs were created last month. The forecast was for 245,000 new jobs, so this is a terrible report that falls nearly 50% short of expectations. Taking into account all the economic data thus far in 2015, […]
Bloomberg TV interviewed Chris Gersch from Altimus Capital about why he believes gold is due for a price breakout. He sees both technical and fundamental reasons to support gold surging to $1600 in the next year, making him just another stock investor that is waking up to gold’s potential. The gold price has risen substantially […]
Well-known Austrian economist and author Bob Murphy recently joined Tom Woods in a strong critique of popular, mainstream economics. Murphy tore apart everything from a recent Paul Krugman blog post to the Keynesian explanation for the 2008 financial crash. The interview is long and in-depth, but a great listen if you want a detailed rebuttal […]
A couple weeks ago, in a surprising policy shift, the United States government announced its willingness to work with the Chinese-led Asian Infrastructure Investment Bank (AIIB). Lew Rockwell explained to RT that after many allies applied for membership to the AIIB, the US had no choice but to cooperate. While there is already an Asian […]
Former Federal Reserve Governor Kevin Warsh told CNBC’s “Squawk Box” that the Fed’s wishy-washy language and behavior has been spoiling the financial markets. Every nuanced speech of central bankers can influence markets, making it impossible for Americans to get a true idea of how the economy is behaving. Warsh finds it disturbing that the Fed […]
Frank Holmes, Chief Executive at US Global Investors, told Kitco News that an interest rate hike would send the stock market plummeting. In fact, he thinks a drop in the market would far outpace any dip in gold prices. At the same time, problems with mining exploration means that both gold reserves and supply are […]
Kitco News interviewed CME Group’s Executive Director of Metals Products Harriet Hunnable, who talked about how the rise of China’s renminbi is opening up more trade for gold. While her analysis was a bit technical, Hunnable’s ultimate point was that gold is a “fantastic commodity” that holds universal appeal for trade. Rising demand for gold […]
Tom Woods and Mark Thornton, Senior Fellow at the Mises Institute, discuss the Federal Reserve’s long history of being completely wrong about the state of the United States economy. He shared some choice quotes from Fed officials in which they claimed the economy was in great shape just before the 2008 crash. Instead of working […]
Jim Grant told Fox Business that the Federal Reserve has kept itself in emergency mode for too long, with interest rates near zero for almost 7 years. In fact, remaining in emergency mode has only made the next emergency more likely. Grant fears that central banks (the Fed in particular) have become far too powerful […]
Jim Rickards spoke to ABC News Australia about the long-term costs of devaluing currency. Sustained economic growth cannot come from devaluation when the entire world is cheapening currencies at once. Instead, people just lose their purchasing power and global inflation is the long-term result. Like Peter Schiff, he warned that the Federal Reserve won’t be […]
