• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

Federal Reserve

Tyler Durden's picture

Fed Up With The Fed





Destroying our ability to discover the real cost of assets, credit and risk has not just crippled the markets--it's crippled the entire economy.

 
Tyler Durden's picture

Frontrunning: May 19





  • Fed Puts June Rate Increase on Table Provided Economy Says Go (BBG)
  • European shares drop as mining stocks weaken, airlines fall (Reuters)
  • Oil drops below $48 on Fed hike speculation, fading support from outages (Reuters)
  • Violent Struggle Over Oil and Money Rattles Global Energy Market (BBG)
  • Bayer Proposes to Acquire Monsanto (WSJ)
 
Gold Money's picture

The Inflation Tipping-Point





The increasingly obvious trend reversal in inflation, amid softening growth, indicates the long predicted arrival of stagflation. While not unexpected, this is likely to propel the gold price higher.

 
Tyler Durden's picture

Caught On Tape: Feds Bust Biggest Ever Food Stamp Fraud In History





In Operation Stampede, what is being called the largest food-stamp trafficking takedown in history in terms of financial loss, law enforcement agencies filed federal charges last week against 22 Florida store owners or operators, including one convenience-store owner, in connection with schemes to illegally redeem food-stamp benefits for cash. the defendants fraudulently obtained more than $13 million dollars in EBT deposits for transactions in which the stores did not provide food.

 
Tyler Durden's picture

With 'Recovery' Disproved, There Is Every Need To Examine The Worst Case





There is a great deal that is wrong with mainstream economic commentary, starting with its unwavering devotion to orthodox economics and unshakable faith in their “stimulus.” No matter how little is actually stimulated there is never any doubt that the media will simultaneously forget the last one while lavishing praise on the next one. It is, however, the actual economic commentary itself that may be the most damaging. Because nothing works, every news story is printed from the shallowest, narrowest perspective. It is a grave disservice to the public and journalism.

 
Tyler Durden's picture

Are Property Taxes A "Wealth Tax" On The (Mostly) Non-Wealthy?





As pensions dry up and blow away under the relentless erosion of the Federal Reserve's zero-interest rate policy (ZIRP), unaffordable property taxes may well start evicting homeowners from the "asset" they mistakenly thought they "owned." If your Social Security pension can barely pay your property tax, never mind your Medicare, healthcare costs, food and other living expenses, then what exactly do you own? If politicos and tax authorities think people will passively watch their neighbors lose their homes to sky-high property taxes, they will soon discover their mistake.

 
Tyler Durden's picture

The Interests Of A Government In Debt Are Not Aligned With The People





Since the beginning of the year, the greenback has shown it's not almighty after all; and gold - the barbarous relic as some have called it - may be en vogue again? Where are we going from here and what are the implications for investors?

 
Tyler Durden's picture

Copper Slides To Three Month Low Despite Flat Futures, Oil; Dollar Rise Continues





After two violently volatile days in which the market soared (Monday) then promptly retraced all gains (Tuesday), the overnight session has been relatively calm with futures and oil both unchanged even as the BBG dollar index rose to the highest level since April 4. This took place despite a substantial amount of macro data from both Japan, where the GDP came well above the expected 0.3%, instead printing 1.7% annualized, which pushed stocks lower as it meant the probability of more BOJ interventions or a delay of the sales tax hike both dropped. Meanwhile, in China we got proof of the ongoing housing bubble when new property prices were reproted to have soared 12.4% Y/Y in April, which in turn pushed the local stock market to two month lows amid concerns the rampant housing bubble sector could divert funds from stocks. Yes, China is trading on the "risk" one bubble will burst another bubble.

 
Tyler Durden's picture

Undeniable Evidence That The Real Economy Is Already In Recession





Peddling some facts... "This is no longer statistical “noise” that can easily be brushed off."

 
Tyler Durden's picture

Texas Begins Construction Of Gold Depository





“I am optimistic that the depository will be up and running at the end of this year or the beginning of next year,” Capriglione said, "at the depository, Texans will be able to open accounts similar to checking or savings accounts at traditional banks - and monitor them online."

 
Tyler Durden's picture

The Humungous Depression





We are not in a recession. We are in a depression, and have been since the turn of the century.

 
Tyler Durden's picture

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.

 
Tyler Durden's picture

Maybe You Should "Sell In May"





Should you “sell in May and go away?”  That decision is entirely up to you. There is never certainty in the market, but the deck this summer seems much more stacked than usual against investors who are taking on excessive equity based risk - throw into the mix ongoing high-valuations, uncertainty about what actions the Federal Reserve may take, ongoing geopolitical risks, concerns over China, potential for a stronger dollar or further weakness in oil – well, you get the idea. The question you really need to answer is whether the “reward” is really worth the “risk?”

 
Tyler Durden's picture

'Transitory' Excuses Destroyed As Mainstream Wakes Up To Crashing Yield Curve





The US Treasury yield curve is flattening again, with parts finally in 2016 surpassing the bearishness exhibited to start 2015. The mainstream is just now starting to notice likely because unlike last year there are no longer credible excuses to simply wish it away. “Transitory” is not a word you find much anymore, replaced instead by reluctant and forced acknowledgement that there is real economic peril here. Bearishness in the yield curve is not something new, however, only the notice of it.

 
Tyler Durden's picture

Peter Schiff On Trump's "Realism" & Krugman's "Scruples"





The difference between Trump and his critics is that he must believe there is a cost in printing too much money. Modern economists do not appear to grasp this basic concept.

 
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