Senior editor Ash Bennington is joined by Mike "Mish" Shedlock of TheStreet.com to discuss gold and the looming fiscal cliff. Shedlock analyzes the purported …
"... this is going to be a more precipitous drop in the dollar’s value than it was in the 70s, so we could see something equally impressive in the price of gold..."
Shortly after House Speaker Nancy Pelosi said she did not expect a stimulus deal this week, Republican Senator Sonny Perdue warned that "Senate stimulus talks may take another two weeks"...
King Dollar, who has seen so much talk of dethroning of late, has had a good few days...However, this is not just about lines on charts. It’s about lines on maps...
Bank lending standards tightened so much in the second quarter, it is virtually impossible to get a loan. But since demand is also tumbling, who will notice?
There’s an extreme level of divisiveness and it is turning the world, not to mention the financial markets, into a casino where no one really has a handle of the odds of either the game or what is ultimately at stake...
The interest rate on Turkish lira overnight swap transactions in the London market, which initially soared to 280% on Tuesday from 6.8% on July 29, according to Refinitiv data, before exploding as high as 1024bps, the highest on record.
"We see U.S. stocks at risk of fading fiscal stimulus. U.S. employment figures are in focus this week as this fiscal cliff nears and the pandemic’s spread in Sunbelt states is starting to affect economic activity."
