File this story under the category of “worst places to store your gold.” Last year, a piano tuner in Shropshire, England, found 13 pounds of gold stashed inside a piano. This week, officials gave up trying to find the original owner.
“Be afraid!” That’s the message billionaire investor Paul Tudor Jones wants to give to Janet Yellen and investors.
According to a Bloomberg report, Tudor is saying publicly what many money and hedge fund managers are privately telling investors: Stocks have risen to unsustainable levels and a crash may well be imminent.
As Trump’s 100-day mark quickly approaches, the president aims his scorn at Canada’s trade policies while House Republicans got to work trying to amend and pass another health care bill.
Earlier this month, the Congressional Budget Office released a 55-page report on the long-term US budget outlook. Basically, it concluded what we already know: the US government is on a fiscal road to hell.
A new census report painted a rather grim picture of millennials as they make their transition into adulthood. You might call it a failure to launch. American 20-something-year-olds face low wages and high debt levels, and many are struggling to make it on their own.
Gold is an investment as well as money, but gold is also increasingly in demand for environmental and energy production applications. In 2011, new catalytic converter technology utilizing gold was introduced to the market. Catalytic converters remove pollutants from automobile exhaust. They are made from a heat resistant substrate, with a large internal honeycomb structure covered with a thin coating of tiny particles of metal.
According to the World Gold Council, research has shown that a stable and effective formulation can be obtained using a combination of gold, palladium, and platinum. Cleaning up auto emissions is just one of several new ways the yellow metal is helping clean up the environment.
With April 15 falling on Easter weekend this year, tax day in the United States was moved to April 18. Although Americans got a few days reprieve, the tax-man inevitably made his annual appearance, and we are all poorer for it.
Hey, auto industry. Your check engine light is on! A couple of weeks ago, we reported on the strained retail bubble. But that’s not the only balloon that Fed has managed to inflate with almost a decade of easy money.
For the last several years, the auto loan market has ballooned to record levels – nearly $1.1 trillion. That compares with $987 billion at the end of 2015. Over the last two years, the amount outstanding on auto loans has increased 21%. More disturbing is the rise in subprime auto lending. Deep subprime loans made up the fastest growing auto financing segment in the fourth quarter of 2016, increasing 14.57%. Subprime loan balances also climbed 8.62%. As ZeroHedge pointed out, “Deep Subprime” borrowers have increased by double the amount of any other bucket.” According to Bloomberg, about a quarter of all auto loans fall into the subprime category.
The world is nervous. With the recent US missile strike in Syria and escalating tensions in North Korea, people have turned their thoughts to war. Google searches for “world war 3” have hit all-time highs according to info available on Google Trends. Related searches such as “Trump war,” “Syria war,” and “nuclear war” are also trending at record levels.
Indians are facing a major shortage of cash, with as many as 90% of ATMs in some regions of the country running completely out of currency. The cash crisis stems from a policy of demonetization the Indian government launched over five months ago.
On Nov. 8, the Indian government declared that 1,000 and 500 rupee notes would no longer be valid. They gave the public just four hours notice. The 1,000 and 500 rupee notes made up 86 % of the currency in circulation in the country. With a single pronouncement, the Indian government made virtually all of the cash in India valueless.