My fear for the US economy, and, as a result the world economy, is that most countries have borrowed far more than they can afford, and they cannot afford to reduce or pay back the debt. I feel that the confidence built in the dollar over decades is being destroyed
US GDP reportedly grew by 1.5% in the second quarter. Cause for celebration? Not necessarily. The figure comes from the government, and whether it accurately reflects economic reality is open to debate. Personally, I have my doubts. Economists generally regard annual GDP growth of 2% to 3% as healthy. At
Van Greyerz writes in his newsletter that gold reserves valued at today’s prices comprise about 0.5% of the value of global wealth, $32 trillion. This represents the value of all the gold mined in human history. As a comparison, the market capitalization of the 12 largest US corporations equals $30
We have a two-week ceasefire in the Middle East. Within minutes, the ceasefire was broken by Iran. Shortly thereafter, there was a reaction by Israel. I am afraid that my confidence in the longevity of this ceasefire is tenuous at best. The markets, however, have reacted positively, for the time
Are we near the top of the stock market? I think we are close. They can continue to cover up the awful state of the economy, of manufacturing, of inflation, for a short period more. The market will respond well to more money printing, and lower interest rates so it
I am really worried that we are being fed propaganda about the health of the economy. The words are saying how great it is and the numbers are refuting the claims. Here is an article from Greg Mannarino. It is a great idea to follow his work. A. Credit stress.
I think President Trump is blindsiding us. We are told how incredibly well the US economy is performing, but the economic data and major actions by the FED certainly argue against that case. When the economy is doing well, one would raise rates in order to cool it off by
So President Trump got a rate cut, not nearly as much as he would like. Even this ‘small’ decrease in the rate will have devastating effects on the value of the Dollar and the inflationary effects on the economy. The ‘saving grace’ regarding inflation is that the economy is slowing
Well, despite the torrential speculation of a revaluation of the gold price, MY AI says the following. Is it the smartest? Who knows? What Does “Gold Price Revaluation” Mean? A gold price revaluation refers to the adjustment of the official (accounting) value of national gold reserves to reflect current market
I wonder what the reaction of investors would be if countries produced the real economic statistics. If we were given real GDP or real unemployment figures or real inflation rates or real debt levels. In my opinion people would invest with more confidence. I understand that countries do it in
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