So much can change in one month. Back in January, when following a brief burst of reflationary euphoria Bank of America conducted its first Fund Manager Survey for the decade, it found a burst in optimism and investor euphoria, with concerns about a recession a distant memory as professional investors – unable to grasp that… Read More
I can’t believe this is necessary, a sign of the times and a perfect example/explanation of how it got this far. In case you haven’t heard, President Trump has gotten into a Twitter spat with his predecessor former President Obama. For reasons that have nothing to do with legitimate economics (small “e”), both men are… Read More
They put it off so long they backed themselves into this corner. The Japanese government under Prime Minister Shinzo Abe had originally scheduled two VAT tax hikes as part of the rollout for Abenomics. It would be inflationary and fiscally responsible all in one pass. To make sure Japan’s perpetually struggling economy could absorb any… Read More
Stocks continue to make new all time highs over and over again, but if you’re frustrated with this skyward march, take a moment to make sure you’re not missing easier opportunities outside the equity bull market. In tonight’s video, Corey highlights where we are in the market but also what opportunities are and have been… Read More
[Reuters] Wall Street skids after Apple’s shock sales warning [Reuters] Gold back above $1,600/oz as Apple’s virus warning lifts safety demand [CNBC] Coronavirus live updates: Sanofi working on vaccine with US health agency, Jaguar faces parts shortage [Reuters] U.S. imposes new rules on state-owned Chinese media over propaganda concerns [CNBC] ‘Chernobyl-like’ response by China means ‘worst is yet to come’… Read More
SAO PAULO (Reuters) – Bunge Ltd has offered to buy two soy processing plants in Brazil from local crusher Imcopa, the U.S. grains trader said on Tuesday, reinforcing its position as the country’s biggest oilseeds processor. Two sources familiar with the transaction told Reuters that Bunge agreed to pay about 50 million reais ($12 million)… Read More
As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world. Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from… Read More
Update On The Coronavirus Currently, Hubei has a work suspension until February 20th. Obviously, the best case scenario is the suspension is lifted shortly. But that might not happen if deaths continue to rise along with confirmed cases. Specifically, as of February 14th the number of deaths rose 143 to 1,523 and the number of confirmed… Read More
This collapse of price will manifest in all sorts of markets that are based on debt-funded purchases of desires rather than a warily prudent priority on needs. Since markets are supposed to discover the price of excesses and scarcities, it’s a mystery why everything that is in oversupply is still grossly overpriced as global demand slides off a… Read More
Miles Franklin sponsored this article by Gary Christenson. The opinions are his. Breaking news: The Wall Street casino created another all-time high for the S&P 500 Index during the week ending February 14. Regular new highs reassure people, but others fear they are symptoms of another Fed inspired bubble. The “pickle” description is explained below.… Read More
At the end of January, Indian scientists sparked a heated debate within virologist circles when they published a pre-print paper claiming they had discovered insertions in the coronavirus which bore an “uncanny similarity” to fragments such as gp120 and Gag found in the HIV virus, which they then said was “unlikely to be fortuitous in… Read More
Will Censorship Prevail Over The First Amendment? Paul Craig Roberts I remember when censorship in America was a limited phemonenon. It applied during war time—“loose lips sink ships.” It applied to pornography. It applied to curse words on the public airwaves and in movies. It applied to violence in movies. There could be violence, but… Read More
I’m a Baby Boomer—in the middle of the Boomer pack. Talk to almost anyone of my generation and they’ll tell you stories of what retirement looked like for workers when we were growing up. Back then it was common for someone to work for only one company, starting at age 18 and retiring at 65.… Read More
THE coronavirus (COVID-19) outbreak could hurt commodity demand if it wasn’t contained by March, said BusinessLive citing BHP, the Australian miner. Principally aimed at explaining its caution in respect of the interim dividend for the six months ended December 31, BHP said COVID-19 and other geopolitical shocks had given the group cause for caution in… Read More
THE first tin was mined and shipped from Namibia’s Uis mine in roughly three decades, said Afritin Mining, the UK-listed miner that re-developed the dormant operation. Some six tons grading at more than 60% tin metal contained was shipped in the first consignment and delivered to Thailand Smelting and Refining Company as per a contract signed… Read More
GLENCORE will allow its coal reserves to deplete in order to meet its scope 3 targets which is to reduce greenhouse gas emissions by 30% by 2035. What this means from a South African perspective is that the Swiss-based miner and trader will exit the country’s coal sector in as little as 15 years –… Read More
Glencore to exit SA coal sector as part of drive to meet 2035 carbon reduction target The post Glencore to exit SA coal sector as part of drive to meet 2035 carbon reduction target appeared first on Miningmx. Source: miningmx.com
February 18, 2020 by SchiffGold 0 0 Silver will shine in 2020 with higher prices supported by expanded physical investment and industrial demand. This is the projection of the Silver Institute in its 2020 Market Forecast. The Silver Institute believes that macroeconomic and geopolitical conditions will remain broadly supportive for precious metals, encouraging investors to stay net buyers… Read More
Funds have invested in PE due to its Madoff-like volatility profile. Ironically, they forgot that this led to a collapse. By Harris “Kuppy” Kupperman, founder of Praetorian Capital, Adventures in Capitalism: For the better part of a decade, institutional investors have redeemed capital from active strategies and dumped it into Private Equity (PE). What’s the… Read More
Remember the weekend of February 1st-2nd? It was the weekend when the market hit its most emotional point regarding the Chinese flu situation. Within the financial community, talk about conspiracies and all other sorts of crazy theories were flying around. Reading my twitter feed that weekend felt like the world was about to end. The… Read More