Apparently Treasury Secretary, ex-Goldman Sachs banker Steven Mnuchin, has threatened Congress with stock crash if Congress didn’t pass a tax reform Bill. His reason is that the stock market surge since the election was based on the hopes of a big tax cut. This reminded me of 2008, when then-Treasury Secretary, former Goldman Sachs CEO, […]
Back in March we shared the staggering results of a Bankrate survey which found that the average American household couldn’t afford to write a measly $500 check in the event of an unexpected emergency (see: “The Reality Is, Half Of Americans Can’t Afford To Write A $500 Check”). Of course, as we note frequently, while […]
Authored by Mike Shedlock via Maven.net/MishTalk, At the nineteenth Communist Party meeting, Chinese president Xi Jinping consolidated his hold on power. But can he make China great again? What would it take? New Yorker columnist Jiayang Fan notes At the Communist Party Congress, Xi Jinping Plays the Emperor. Perhaps no event embodies the unyielding abstruseness […]
Greg Hunter Interviews PCR on the Looming Economic Catastrophe https://usawatchdog.com/looming-catastrophe-hanging-over-our-heads-paul-craig-roberts/ The post Greg Hunter Interviews PCR on the Looming Economic Catastrophe appeared first on PaulCraigRoberts.org. Source: paulcraigroberts.org
This post When the “Melt-up” Melts Down appeared first on Daily Reckoning. And so the moths speed to the flame… Schwab says more clients opened brokerage accounts in the first half of 2017 than at any time since the dot-com fever: New accounts are at levels we have not seen since the internet boom of […]
Authored by Jeffrey Tucker via The Foundation for Economuc Education, A government program that is ruined by permitting more choice is not sustainable. It’s not just that Obamacare is financially unsustainable. More seriously, it is intellectually unsustainable, even though this truth has been slow to emerge. This has come to an end with President Trump’s […]
Somewhere in the mountains near Switzerland’s Lake Lucerne lies a hidden underground vault containing a vast fortune. It’s no ordinary vault, according to Quartz. Built inside a decommissioned Swiss military bunker dug into a granite mountain, it’s precise location is a closely guarded secret, and access is limited by myriad security precautions. But instead of […]
Since 1988, the Canadian Mining Hall of Fame has been recognizing and celebrating outstanding achievement in the Canadian mining industry. On January 11 the CMHF will be welcoming four new members to its prestige group at the 30th Annual Dinner and Induction ceremony. The new inductees are Ross Beaty, Bob Gannicott, Terry MacGibbon and Ed Thompson. The four […]
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This post Why I Changed My Mind on Bitcoin appeared first on Daily Reckoning. Friday of last week, I wrote about the enormous impact blockchain technology could have on retail transactions. Verifications blockchain tech makes possible could end counterfeiting. It could end lost or stolen goods. Plus, it could allow for immediate transactions and for […]
Coinciding with an unprecedented surge in violence in cities like Chicago and Baltimore last year, the 2016 Law Enforcement Officers Killed And Assaulted (LEOKA) report released by the FBI earlier today has revealed a staggering increase in criminal attacks against police officers. Per the report, a total of 118 law enforcement officers were killed in […]
With the market now stuck in the “Icarus Rally” melt-up predicted earlier in the year by BofA Michael Hartnett, in which EFTs, algos and desperate carbon-based hedge fund managers are all chasing performance, i.e. beta, in the last weeks of the year, at least until the inevitable “Humpty Dumpty great fall“, some have been naive […]
Pan American Silver Corp. (NASDAQ:PAAS) Chairman Ross Beaty also discusses renewable energy In this interview with SmallCapPower at Mines and Money Americas 2017, Pan American Silver Corp. (NASDAQ:PAAS) (TSX:PAAS) Chairman Ross Beaty talks about Pan American Silver’s growth prospects as well as his other company, Alterra Power Corp. (TSX:AXY). He also weighs in on silver, renewable energy, and […]
This Great Graphic depicts the top the euro is carving. We suggest that several fundamental developments lie behind the price action. Interest rate differentials are widening interest rate differentials favoring the US. Speculative market positioning is leaning heavily long euros. European politics no longer the tailwind that it was, it is not surprising that the […]
“EQUITIES have certainly been a long-term momentum play as the central banks have prevailed in pushing equities and real estate prices ever higher, while the fungible nature of fiat currency has kept global bond yields historically low. Meanwhile, forward guidance maintained the powerful regime of negative interest rates in Japan, Switzerland, Germany, France, Spain, Italy, […]
October 18, 2017 The price of Comex Digital Gold continues to be held hostage by the major Bullion Banks which operate on the Comex in New York. Though some “improvement” in their collective position was noted in the latest bank Participation Report, it is very important to note that The Banks are still as heavily […]
Source: Streetwise Reports 10/16/2017 Analyst Andrew Kaip compared this silver, gold and base metals miner’s reported Q3/17 production results to the numbers expected by his firm, BMO Capital Markets. <!––> In an Oct. 12, 2017 research report Kaip indicated that overall Q3/17 production was “strong” from three of Hecla Mining Co.’s (HL:NYSE) four mines: Greens […]
The latest country to suddenly jump on the sovereign cryptocurrency bandwagon is one that has ties to both the Eurasian Economic Union (EEU), and to China’s new Silk Road. On Oct. 18, the Central Asian country of Kazakhstan announced they are in the works to create their own sovereign cryptocurrency, and work towards bringing their […]
Just think about how much you could learn from someone who came from nothing and now has a net worth of over $100 million. How much would you spend to get insight from a successful investor who started late in life, had all the odds stacked against him, yet still made it big? Would you […]
Warning: I’m going to jump all over the show today. Live with it. When your umbilical cord was severed, and you’d only just entered this world, you had approximately 100 billion brain cells. At some point in the future (hopefully very distant), an old man in sturdy boots and a trench coat will throw dirt on […]
