In this week's gold and silver market update with Dave Kranzler of Investment Research Dynamics, Dave covered the latest gold and silver news, including the CME's $7 billion credit facility to protect against a clearing member default.Dave Kranzler spent many years working in various Wall Street jobs. After business school, he primarily traded junk bonds for a large bank. Dave graduated from Oberl...Read More
Over the past two years, nobody knew what would trigger the next financial crisis, but just about everyone saw that it would involve the record pile of corporate debt. And so it happened. Now the Fed fixed it...Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded start...Read More
To show why deflation comes first and why hyperinflation then becomes a distinct possibility, Mike compares US tax receipts to the Wilshire 5000 Index. What is immediately apparent is the high correlation between them-until recently. It takes two consecutive quarters of falling economic activity to officially declare a recession, but it's clear we've entered one now. This is the deflation. As Mike...Read More
Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieute...Read More
Last week the Federal Reserve announced it will keep interest rates at or near zero until the economy recovers from the government-imposed shutdown. Following this announcement, Federal Reserve Chairman Jerome Powell urged Congress and the Trump administration to put aside any concerns about the deficit and spend whatever it takes to stimulate the economy and combat coronavirus.The Federal Reserve...Read More
Gerald Celente talks to Lew Rockwell about what's happening. And why all, despite appearances, is not lost.Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Ger...Read More
Max interviews Nick Giambruno, a geopolitical analyst quarantining in Argentina, about the currency crises in that country and in Lebanon, and what lies ahead for emerging markets in this time of pandemic-induced economic collapse.Nick Giambruno is Doug Casey's globetrotting colleague. He's also the Chief Analyst of Casey Research's flagship advisory, The Casey Report and its premium "value invest...Read More
It started with a bowl of chicken noodle soup and a desire to help the community. It ended with the government threatening criminal charges.Continue...Read More
The video, filmed by a bystander, showed the plainclothes officer, who was not wearing a protective face mask, slapping 33-year-old Donni Wright in the face, punching him in the shoulder and dragging Continue...Read More
1. Warren Buffett is in the news today after annual shareholder meeting. He sold his stakes in the four largest U.S. airline carriers. I've never seen him sell out of a sector at the lows. I know he is good friends with Bill Gates, so maybe he is just trying to help his buddy accomplish his goal of the next Great Depression. He used to buy into markets in the past. In 2008, he was buying everythin...Read More
The people running states like New Jersey and cities like Chicago know they're broke. Ridiculously generous public employee pensions - concocted by elected officials and union leaders who Continue...Read More
Tom welcomes back experienced investment professional David Hunter of Contrarian Macro Advisors to the show. David shares some of his controversial contrarian views on where the markets are heading. He often receives criticism from investors for his differing views. David expects a rebound this summer and fall followed by another pull-back in the market. The market should rally for a few more year...Read More
Allianz Chief Economic Advisor, Mohamed A. El-Erian discusses the impact the coronavirus has has on the economy, the government's fiscal and monetary response and why the worst is not over.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world...Read More
"As we were sitting around the board room watching what was happening with prices, it was like watching a train wreck." Continue...Read More
Remdesivir isn't the miracle cure that will get us all out of lockdowns tomorrow, unfortunately.Continue...Read More
One week ago, Goldman triggered a selloff in growth and momentum stocks, when it pointed out that the five largest S&P 500 stocks, the FAAMGS (or MSFT, AAPL, AMZN, GOOGL, FB) have risen to Continue...Read More
"I will not kowtow to a socialist world order that seeks to limit my constitutional freedom of speech," she said.Continue...Read More
In normal times, gold bars worth millions of dollars travel the world in the cargo Continue...Read More
Import prices for steel slab in Southeast Asia and East Asia fell slightly over the past week amid sluggish trading activity.Market participants were also concerned about a decline in downstream hot-rolled coil prices.Fastmarkets' price assessment for steel slab imports, cfr Southeast Asia and East Asia was $345-355 per tonne on Monday May 4, down by $5 per tonne from $350-360 per tonne a week ear...Read More
Great Bear Resources finished drilling one-third of the planned holes for the LP Fault at its project in Ontario. Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTCQX) announced in a news release the latest results from the LP Fault at its Dixie project in the Red Lake District of Ontario."As we approach the one-year anniversary of the discovery of the LP Fault and our 100th drill hole into this tar...Read More