Trade War

Demand For Physical Gold Is Collapsing

"During the 2008 financial meltdown..There was a total disconnect between the paper price and physical demand. That’s now happening again, but in reverse. The paper price is rising, but physical demand is falling...This strikes me as total madness... There seems to be no fear in the market… no regard for sense or safety."

The US Government Now Has Less Cash Than Google

"Our modern 'experts' tell us that the US government will always pay and that a debt default is impossible. Well, we’re living in a world where the 'impossible' keeps happening."

Frontrunning: March 7

  • Trump’s New Travel Ban Replaces Chaos With Calm (BBG)
  • Indian Firms Look to Get Ahead of Immigration Curbs (WSJ)
  • Republicans unveil plan to dismantle Obamacare (Reuters)
  • Republicans Unveil Health Care Bill to Bridge Gaps in Party (BBG)
  • Wiretap Allegation Places Trump Nominee on Hot Seat (WSJ)
  • German, U.S. finance ministers to meet in Berlin next week (Reuters)

Frontrunning: March 3

  • Investors Await Yellen Speech for Clues on Fed’s Next Move (WSJ)
  • Russian Ambassador Avid D.C. Networker (WSJ)
  • Pence Used Private Email for Public Business as Indiana Governor (BBG)
  • Hedge Fund Titans Face What Comes Next as They Pass Certain Age (BBG)
  • Japan returns to inflation for first time since 2015 (FT)