Markets were celebrating a DONE DEAL. Stocks headed much higher, and the largest-ever fiscal and monetary financial aid package was underway. It was already signed and sealed, but the presidential hopeful, Bernie Sanders, wanted to make sure he made a splash and also...
That’s it; we’ve now seen that both the Federal Reserve and Treasury Secretary Steve Mnuchin are definitely ready to BOMBARD the U.S. economy with virtually UNLIMITED liquidity – cost and unintended consequences be damned. On Monday, the Federal Reserve...
Since 2008, the middle class and the working class have SEEN ENOUGH of corporate bailouts. Now, when CEOs shout that they’ll go bust if Washington doesn’t provide liquidity, Congress isn’t so quick to be the lender of LAST RESORT. Americans distrust...
This is not a pullback, not a correction, and in all likelihood, not even a cyclical bear market; it could be a FULL-BLOWN market S.O.S. event, where the Dow Jones COULD go down by a total of 40%. So far, the Dow Jones is down by 12.5%, from the highs. It has pulled...
It seems like Jerome Powell and President Trump both secretly have a wish to see gold prices hit $2,000 this year. I’m their biggest cheerleader, if that’s what they’re shooting for, and at this pace, THEY’LL get it. Powell has announced a...