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It may feel like we’ll escape a debt crisis since, well, the world hasn’t ended in spite of runaway debt levels. Some of us hard money people feel like we’re taking crazy pills; how the heck can debt be so out of control, so completely unpayable, and yet the financial system keeps chugging along as if nothing’s wrong?
Mike responds to questions about Jeff Clark’s recent story on Chinese oil imports being priced not in dollars, but yuan. And how they're convertibility into gold on the Shanghai futures exchange creates a new and large source of gold demand.
Zhou Xiaochuan, the governor of the People's Bank (PBOC), spoke of "fierce market reactions" & possibly a Minsky Moment
One has to wonder if China's Yuan for Oil convertible to Gold will eventually just be a Yuan for Gold program
China’s Belt, Road Initiative (BRI) has an integral gold-based currency component that could change the global balance of power
The falling gold price could soon go into reverse according to several groups of analysts at Goldman Sachs and others...
The world's oldest gold trader is for sale after a massive money laundering scandal may have terminally crippled one of the most iconic names in the business.
What good is gold in the vaults of any central bank? I understand why it's a good idea to have bullion gold coins in your "vault." I don't understand why it's a good idea for central bankers to put gold bullion bars in their vaults.
The latest index reading came in at 22.2, up from 20.3 the previous week.
Curious things are happening on its balance sheet.
The Federal Reserve admits that it doesn’t understand how inflation works, even though that’s it’s No. 1 job, writes Caroline Baum.
John Stepek looks back at Florida’s property boom of the 1920s – and the inevitable crash that followed.
The visualization uses data from the U.S. Census for household income and Zillow for median home listing price, while calculating mortgage payments based on a standard 30-year term.
As people around the world move into cities and look for housing, one thing is clear: Most will have a hard time paying for it.
The breakdown of the monthly resale volume leaves no doubt as to what is taking place in the market. The volume of sales at the lower ends is down
Deficit widened to $665.7 billion in the 2017 fiscal year. Mnuchin, Mulvaney blamed weaker receipts on ‘sub-par’ growth
Moody's issued a blunt warning Thusday to investors that Hartford will likely default on its debt by early November.
As tensions escalate in Spain, Catalan Separatists are potentially about to do some real damage & hit Madrid where it really hurts.
Beijing has outlined plans to become the world’s biggest superpower within the next 30 years.
With sky high equity valuations, economic uncertainty, plus concerns over interest rates, central bank reactions and debt, the risks are rising.
An endearing quality of a late stage bull market is that it expands the universe of what’s possible. Somehow, rising stock prices make the impossible, possible. They also push the limits of the normal into the paranormal. Last week, for instance, there was a Bigfoot sighting near Avocado Lake i
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