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Discussions of climate action failure, economic downturn in emerging markets, and an uncertain global trade environment took center stage at the 50th World Economic Forum (WEF) in Davos, Switzerland last week. Wedged into virtually every discussion was the US-China Phase One trade agreement, which experts...
This past week saw the world financial, business, and technological elites and global powerbrokers meet in Davos, Switzerland for the 50th annual World Economic Forum week. The mood at the annual gathering was less than optimistic...
There’s no denying that the stock market has an overvaluation problem. Look no further than the average price-earnings ratio of the S&P 500, a whopping 23.32—a 55% increase over its historical average of about 15. In other words, we can assume that the stock market...
The Federal Reserve Bank of New York voted unanimously to add US$40.9 billion in weekend liquidity to financial markets on January 10th, leaving some investors questioning why. It’s never a good sign when the Feds are forced to pump cash into money markets. It implies that...
As tensions flared in the Middle East last week, the price of gold vaulted to US$1,611 on Wednesday (January 8) before stabilizing at US$1,540 per ounce early the next day. US gold futures peaked at $1,549, a jump of 1.4 percent. The episode saw the...
This past week the news emerged that despite what has been called the greatest economy in history a huge percentage of Americans are actually living from one paycheck to the next. Respected business news site MarketWatch cited a few surveys that show how desperate the...
This past week saw the longstanding shadow war in the Middle East between the U.S. and Iran become an escalating conflict. After attacks on the U.S. Embassy in Iraq, America responded by killing the most...
In the past few weeks, the extent of the unfolding banking crises in both Italy and China has become more apparent. In mid-December, the Italian government found itself forced to save the struggling southern lender Banca Popolare...
This past week saw mixed data released on the state of the U.S. economy. The statistics on spending and personal income were positive enough to lead stocks higher. While talking heads were crowing about the "strong economy,"...
Over the weekend the news emerged that the United States and China have reached a first phase trade war agreement. In the headlines it sounded like great news, but digging deeper beneath the surface revealed that there...
This past week, the news emerged that the even the rich are now tightening up on their belts. An exclusive report from Yahoo! Finance revealed that the rich have significantly reduced their spending and purchases versus...
This past week a noted and almost revered institutional investor hall of famer Richard Bernstein turned bearish on the earnings of U.S. companies and the fortunes of the upcoming 2020 stock market. He became contrarian on...
This past week a prominent government official vociferously objected to the massive runaway spending that the U.S. Congress continues to pursue. Even as Fiscal Year 2019 ended with an enormous federal budget deficit, Fiscal Year...
The world’s preeminent authority on gold and its production, the World Gold Authority released its consumer research report highlighting significant opportunities for the gold market around the globe. Based on a consumer survey sample of 18,000, the report analyzes...
One consistent trend over the last few years is the dangerous rise of American consumer debt. This past week the news revealed that the U.S. consumer has again pushed this category of debt to another...
The concepts of “ethical gold” and fair trade have increased in importance over the years. Tradewind Markets, a gold fintech company, has embraced that idea, developing and launching its new Origins application. The firm enables both physical and...
The news this week revealed that September set new records for both central bank and ETF gold buying. Central banks continued their gold buying spree as they diversified their currency reserves out of American dollars in a...
Humankind has been mining for the resplendent metal that is gold for millennia. Archeologists discovered a prehistoric Bronze Age gold mine at a site known as Sakdrisi, in the Kvemo Kartli region of present-day Georgia. Dating from between the early 3rd millennium BCE, to the...
In the last few weeks, the news has emerged that corporate debt has reached its highest all-time level in recorded history. Possibly worse news is that half of this debt rates at only BBB, a single...
This week saw the deadline for Brexit move uncomfortably and dangerously close with no breakthrough on the negotiations between Great Britain and the EU in sight. As of today there are only 22 days left until...
