Moriarty states: "Far too much of the US’s economy and certainly the European economy as well is shuffling pieces of paper, and shuffling pieces of paper does not create real wealth."
Uncle Sam can’t keep borrowing and spending at the current pace forever. Eventually, the debt bubble will pop, and that moment looms closer with each passing day.
While the headlines swirled, Trump’s legal setback, Brussels’ dilemma, Wall Street’s reflexive optimism, gold simply ticked on, quietly doing its job as a store of value.
The Federal Reserve is on autopilot. That might be okay if the Fed had a better track record when it comes to avoiding economic catastrophe. As it is, investors and others are blindsided from economic reality until the negativity hits them squarely in the face.
Gold’s trendline has nearly rotated from negative back to positive, but again, there’s that darn weekly parabolic Short trend with which to contend. However, more daunting in the graphic are the blue dots for the S&P 500 ...
Today I’m going to highlight some speakers who added an equity market perspective to their big-picture views. Getting both right would be much easier if more investors behaved rationally. Alas, they don’t...
