Jun 21, 2017 - 10:11:19 PDT

Ron Paul: Beware of Paul Ryan's Tax 'Reform'

When you here the word 'reform', you've got to read the fine print

Jun 21, 2017 - 12:27:21 PDT

Household Debt Growth YoY Now Equals Federal Public Debt Growth

(Thanks To Debt Ceiling On Feds) Yes, the US public debt is temporarily frozen at the statutory debt limit (with the exception of fiscal shenanigan with public debt held by investors versus intragovernmental lending)

Jun 21, 2017 - 10:44:33 PDT

Clarity or Confusion

“Are you kidding? Are you kidding? No one knows what you’re doing.” - Economist John Taylor in response to William Dudley’s (President Federal Reserve Bank of New York, Vice Chairman of the Federal Open Market Committee)

Jun 21, 2017 - 09:23:24 PDT

Bankers Face Prison as Denmark Gets Tough on Money Laundering

Danish authorities are to tighten anti-money laundering laws following the recent revelations in the so-called Panama Papers. The proposal is longer prison sentences for individuals involved in financial crimes.

Jun 21, 2017 - 09:21:29 PDT

Venezuela Dares US to 'Send in Marines', Threatens 'Crushing Response'

Venezuela has lashed out at the US for trying to forge a plan to address its political crisis, daring Washington to "send in the marines" and threatening to meet troops with a "crushing response."

Jun 21, 2017 - 09:08:25 PDT

Puerto Rican's Flee in a Surge of Foreclosures

The island faces a Real-Estate Crash worse than the Great Recession on the U.S. mainland

Jun 21, 2017 - 08:16:21 PDT

Inventory of Existing Homes for Sales Only at 2001 Levels

Yes, it is a 2001 space oddity that inventories are so low.

Jun 21, 2017 - 08:11:40 PDT

Mortgage Applications Increase in Latest Weekly Survey -

Despite Relatively Tight Credit. Applications increased 0.6 percent from one week earlier, according to data from the MBA Weekly Mortgage Applications Survey for the week ending June 16, 2017.

Jun 21, 2017 - 07:12:50 PDT

The ECB Explains Inflation, in One Chart

Looks like the ECB has it all figured out, except perhaps for the elephant in the room

Jun 21, 2017 - 07:02:55 PDT

ECB: Global Growth Risks - New Ones Emerging

The balance of risks to the global outlook remains tilted to the downside," the ECB added.

Jun 21, 2017 - 06:56:20 PDT

Did Central Banks Just Pull the Plug on Another Credit Bubble?

Last week the NY Fed downgraded its economic forecast for 2Q17 to just 1.9%. Even worse, it is now forecasting 2017 total growth to be a measly 1.5%. Yes, 1.5%. There is a clear trend to this chart… and it’s NOT up.

Jun 21, 2017 - 05:11:14 PDT

U.S. Anxiety Levels Climb Faster Than Rest of the World

“It’s an understatement to say that anxiety level is high, and we live in very uncertain times,”

Jun 21, 2017 - 05:06:11 PDT

Russian Gold Reserves up at 54.9 Million Ounces as of June 1

The central bank, one of the world's largest holders of bullion, has been regularly buying gold. The value of its holdings rose to $69.30 billion from $68.65billion as of May 1.

Jun 21, 2017 - 05:04:37 PDT

US and Russia May Be Getting Closer to a Military Confrontation

Based on the events of the past few days, the two nations seem further apart than ever — and potentially at real risk of coming to blows.

Jun 21, 2017 - 04:59:14 PDT

Ford Bypasses NAFTA Dispute By Moving Focus Production to China

Trump has it out for Mexico, and Germany, and China. So what’s a company to do? Ford provides the answer.

Jun 21, 2017 - 04:58:16 PDT

Illinois Careens into Financial Meltdown

Illinois is grappling with a full-fledged financial crisis and not even the lottery is safe – with Republican Gov. Bruce Rauner warning the state is entering banana republic territory.

Jun 21, 2017 - 04:55:42 PDT

Hong Kong Warns: Its Housing Bubble Is A "Dangerous Situation"

The HK dollar is pegged to the US dollar. HK monetary policy follows the Fed. And the Fed is raising rates.

Jun 20, 2017 - 05:47:24 PDT

Is Silver Being Manipulated?

Mike examines evidence of manipulation in the silver market and the potential for silver to break out. Including a look at the Commitments of Traders Report and the activity of biggest metal ETFs and their impact on supply and price.

Jun 20, 2017 - 07:05:25 PDT

DEFLATION: All Indications Are That the Oil Price Is Not Transitory

We should start looking at the decline in oil prices as a proxy for the Fed’s inability to continue its rate hike train.

Jun 20, 2017 - 08:52:07 PDT

US Treasury yield curves have flattened lowest level since 2007

It looks like The Fed’s massive stimulus has finally worn off for the Treasury curve.