Smaulgld On Wall Street For Main Street. Wall Street Banks and U.S. Shale Oil. Silver Miners Increasing Production Until Bankruptcy? Smaulgld was interviewed on the popular Wall Street For Main Street show yesterday. Host Jason Burak and I talked about how the Wall Street Banks may soon control the U.S. oil industry. We also discussed … Read More →
What Does The Fed Rate Hike Mean For Real Estate? The rate hike itself will have neglible impact on the real estate market. Existing and other factors influenced by the rate hike will slow the housing market. The Fed Raises Interest Rates Last December, the Federal Reserve raised interest rates for the first time in … Read More →
Another Sound Money Initiative from Switzerland. Swiss Sovereign Money Initiative would require private banks to hold 100 percent reserves against their deposits. Initiative launched by the Swiss Association for Monetary Modernization would outlaw fractional reserve banking. A Swiss group, the Swiss Association for Monetary Modernization (SAMM) has gained the necessary signatures to force a ballot … Read More →
Zimbabwe Grants Chinese Yuan Official Currency Status. China forgives $40 Million in debt in exchange for official currency status for the Yuan. During the famous Zimbabwe hyperinflation of the mid 2000’s, residents of that nation survived by abandoning their nation’s currency and engaging in barter and using U.S. Dollars and South African Rand. In a … Read More →
The Fed Raises Interest Rates. Quarter Point Rate Hike. Why the Fed Raised Interest Rates. A Rate Hike, Finally As predicted, the Federal Reserve announced a quarter point rate hike today. All year we have said all year, the Federal Reserve would raise rates by the end of the year, to stay ahead of the … Read More →
The BRICS vs. the West and Japan. How do the BRICS stack up against the western nations? What is China’s role? China’s recent admission to the International Monetary Fund’s (IMF) Special Drawing Rights (SDR’s) highlights how China straddles the world of emerging markets and established markets. China is considered the key country in the emerging … Read More →
SDRs By The Numbers. The Chinese Yuan was newly admitted to the International Monetary Fund’s Special Drawing Rights Currency Basket (SDR) on November 30, 2015. Weighting of the Yuan will be 10.9% of the SDR. Euro weighting was reduced from 37.4% to 30.93%; yet the Eurozone has 34.4% of GDP and nearly half of the … Read More →
Why The Job Recovery Was And Still is a Farce Illustrated in Charts. The Labor Force Participation Rate is lower than the rate during the Great Recession for all age groups except those 55 years and older. The percentage of women attached to the labor force continues to decline. In February of this year we … Read More →
New Car Sales vs New Home Sales. New Car Sales at Record Highs/New Home Sales at Multi-Decade Lows. New auto sales were up 13.6% in October year over year. New home sales fell 11.5% in September. Zero Interest Rate Policy has helped new car sales but done little for new home sales. Earlier this year … Read More →
The Dark Side of Negative Interest Rates. Ten Reasons Negative Interest Rates are Even Worse than Artificially Low Interest Rates. Fed Chair Janet Yellen Is A Supporter of Negative Interest Rates. When Janet Yellen was first appointed to the Chair of the Federal Reserve we noted that Janet Yellen was a supporter of negative interest … Read More →
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