Debt Ceiling

"You Will Be Poor"

How much of your wealth does the government want? How much do you have?

The Chinese Are Buying Gold, Selling Treasuries - Should You?

Since July of 2011, two of the largest and most important asset classes in the world, US Treasury debt and gold valuations, have been moving in contradiction to supply and demand data.  US Treasury rates have fallen by a third since the vast majority of previous buyers since have ceased accumulating... and gold has fallen about 25% on increasing physical demand.  These are simply not the hallmarks of a free market.  However, the only thing investors should be more afraid of than a free market correction or potential market crash is the absence of free markets...

IMF Urges Obama To "Tackle Poverty" As It Tells Yellen To Overshoot Inflation Target

In its latest staff statement on the annual analysis of the U.S. economy, the IMF again demonstrated why economists have become the butt of financial jokes, when in the same report it first urged the Fed to "overshoot" its 2% inflation target, clearly unaware of the dramatic shift in sentiment that unorthofox monetary policy no longer works to stimulate inflation, and in fact quite the opposite, while at the same time it cut its US GDP forecast yet again, from 2.4% to 2.2%, and concluded that, drumroll, there is "an urgent need to tackle poverty."

Warning Signs Everywhere

You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets.”

Trumped! Washington's Fiscal Hypocrisy Is Too Rich For Words

You have to love it when one of Donald Trump’s wild pitches sends the beltway hypocrites into high dudgeon. But his rumination about negotiating a discount on the Federal debt was priceless. No sooner did the 'unschooled' Trump mention out loud what is already the official policy of the US government than a beltway chorus of fiscal house wreckers commenced screaming like banshees about the sanctity of Uncle Sam’s credit promises.

Gundlach Predicts "Trump Will Win", Says "The Federal Reserve Has Basically Given Up"

"The US stock market seems egregiously overvalued versus other stock markets... you are going to see declines in the US stock market and since the correlations are so high this means that probably the junk bond market will go back down, too. Negative interest rates are the dumbest idea ever. It’s horrible.... Gold is doing fine. It’s preserving capital in the US, it’s been making money over the last couple of years for European investors. That’s why I own gold.... Trump is going to win. I think Clinton and Sanders are both very poor candidates."

A Conversation With My Neighbor "Sam"

“What if the banks stop loaning you money to make your payments on your loans? What happens then?”

“I guess I’m assuming that won’t happen.”

"Capitulation": Longest Streak Of Equity Outflows Since 2008; Biggest Gold Inflows Since 2010

The latest Lipper fund flow data is an and it is not pretty: in the latest week, there was $12.2 billion in equity outflows, the largest weekly redemption in 5 months and more importantly, this represents 7 straight weeks of outflows: the longest streak since 2008. However, offsetting this we just had the biggest 2-week gold inflow ($3.2bn) since May’10.