Foreign Banks Dumping US Debt at Record Pace @SchiffGold http://t.co/YwssaVXod7
— Peter Schiff (@PeterSchiff) October 12, 2015
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- Unsurprisingly, the Vietnamese government has tried to bring all of that gold out of the underground economy. But as is generally the case, that’s easier said than done. http://bit.ly/2mFTYXC
- Against Public Policy
- From CNBC. http://bit.ly/25CwpB2
- When Obama was running these big deficits, the Fed was monetizing them with trillion dollars a year of QE's. Now, they’re not doing any. So, that means we’re going to have a massive increase in interest rates. That means stocks collapse. http://bit.ly/2BTx6Mr
- The combination of high levels of debt and dropping retail sales should send up a big warning sign. It could be a sign that Americans are maxed out. They’ve hit those credit card limits and spending is slowing down. http://bit.ly/2EGkudw
- More nonsense on CNBC about how the fundamentals behind the bull market are still sound. They where never sound. This was a speculative bubble which finally founds its pin in rising bond yields, which are headed much higher!
- Hedonic adjustments for technological advances overstate the benefits to consumers, and allow the government to understate CPI increases. Just because a computer is twice as fast does not mean it delivers twice the value to consumers.
- Economics in One Lesson
- Conventional wisdom tells us gold should be way down. Since gold doesn’t pay dividends or interest payments, investors typically shed non-yielding assets like gold. It isn’t. People are buying gold. http://bit.ly/2EIPDJB
- Silver Is Significantly Undervalued – A Terrific Buy (Video) @SchiffGold http://t.co/uEnTBjhOsm