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When we reported on the Toys R Us bankruptcy, we argued that it wasn’t just about shifting shopping patterns away from brick and mortar to online companies. A recent article on TechCo complaining that millennials are broke backs up our assertion.
Earlier this month, we reported a move by China that could foreshadow the end of the US dollar as the world reserve currency. The Chinese announced the launch of a gold-backed, yuan-denominated oil futures contract. The move potentially creates a way for oil exporters to circumvent US dollar denominated benchmarks by trading in yuan. The contracts […]
Remember back when mortgage lenders loosened credit standards making it easier to get a loan and blew up a giant housing bubble? That’s happening again. According to a report released by Fannie Mae, lenders facing lower profit margins are trying to expand the borrower pool. Facing constrained mortgage demand and a negative profit margin outlook, […]
Obamacare repeal 3.0 went down in flames Tuesday. According to Bloomberg, opposition from three Republican Senators derailed the latest attempt to dismantle the Affordable Care Act. Leaders decided the Senate won’t vote before Saturday’s deadline to use a fast-track procedure to keep Democrats from blocking a GOP-only bill. On Monday, Republican Senator Susan Collins of […]
During an interview at the Denver Gold Forum, the chairman of the World Gold Council said he thinks the world may have reached peak gold. Peak gold means the amount of gold mined out of the earth will begin to shrink every year, rather than increase, as it has done pretty consistently since the 1970s. […]
Last December, Dennis Gartman called gold the top commodity to own in 2017. He followed up in March, swearing he wasn’t a “gold bug,” but then advising “buy gold.” Now the man known as the “commodities king” says keep buying gold. In an interview on CNBC’s Futures Now, Gartman declared the bull run isn’t over […]
When Pres. Trump signed a bill raising the debt ceiling limit for the next three months, it instantly added approximately $318 billion to the national debt, raising it to $20.16 trillion. And Trump wants to do away with the debt ceiling altogether. It’s hard to even conceptualize $20 trillion. What does that mean to the average person? Just […]
The founder of the world’s biggest hedge fund says every investor should own some gold. Business Insider CEO Henry Blodget recently interviewed Ray Dalio, the founder of Bridgewater Associates. You recommend that most portfolios should contain some gold.” Dalio’s didn’t even hesitate. Yeah. Of course.”
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Apple recently announced its new iPhone 10 to much hoopla. It will feature a retina display, increased storage and RAM, and enhanced facial recognition (which is either real cool or incredibly creepy, depending on your point of view.) Of course, this will all come with a pretty hefty price tag of around $1,000. A lot […]
