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POSTED ON December 5, 2018  - POSTED IN Key Gold Headlines

We talk a lot about bubbles in the economy.

Over the last few weeks, we’ve discussed the stock market bubble, the housing bubble, the auto bubble and the debt bubble.

Nick Giambruno simplifies things in an article he recently wrote for the International Man. He just calls it the “everything bubble.” And he says it will pop in the near future thanks to the Federal Reserve. 

POSTED ON November 30, 2018  - POSTED IN Guest Commentaries

As Peter Schiff put it in his most recent podcast, Jerome Powell blinked.

In a surprising about-face, the Federal Reserve Chair hinted that interest rates are “just below” neutral, leading to speculation that the central bank might be close to ending its tightening cycle.  Peter said the Fed has basically been playing a game of chicken with the markets.

And the way the game of chicken goes is the markets keep moving lower and the Fed keeps talking about how great the economy is and how many rate hikes are coming in the future and somebody his to flinch. Somebody has to blink. It’s like you have these two automobiles driving toward each other and there’s going to be a major crash unless somebody turns the wheel. And it seems like it was Jerome Powell that turned the wheel first and in fact was chicken.”

POSTED ON November 29, 2018  - POSTED IN Key Gold Headlines

Stocks rallied and the price of gold got a bounce after Federal Reserve Chair Jerome Powell released a dovish trial balloon on Wednesday.

During a speech at the Economic Club of New York, Powell seemed to indicate interest rates are “just below the broad range of estimates of the level that would be neutral for the economy.” Investors and pundits widely interpreted this to mean the central bank may well be near the end of its tightening cycle. 

POSTED ON November 28, 2018  - POSTED IN Key Gold Headlines

Bankers, investors and executives are increasingly worried about corporate debt,  according to a Reuters report.

Specifically, the concerns center around “leveraged lending.” These are loans made to firms already deeply in debt. Think subprime loans for corporations. As the Reuters report put it, “the concern is that the loans would be difficult to either collect or resell in a downturn, putting both the borrower and lender at risk.”

POSTED ON November 15, 2018  - POSTED IN Key Gold Headlines

Peter Schiff put it pretty bluntly in a podcast last week. We don’t have a booming economy. We have bubbles. And it looks like the air is starting to come out of some of those bubbles. We see signs of trouble, particularly in interest rate-sensitive sectors such as real estate. As just one example, home sales in California have hit the lowest level in a decade. And it’s not just California. We’re seeing declines in many of the “most splendid housing bubbles” in America. Even more troubling is that we’re seeing these tremors and interest rates aren’t historically high.

Yet.

But they are rising quickly. According to an article in Wolf Street, they may soon hit 6% and that could be the real tipping point.

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