From CNBC. https://t.co/wmagijQfxt
— Marc Faber (@gloomboomdoom) May 19, 2016
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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
- 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.
- 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
- I'm a software developer looking for an idea for a open source project. What do you think it could be helpful?
- Hope springs eternal. After having initially forecast 2017 Q4 #GDP growth at 4.5%, only to see it come in at just 2.6% (likely to be revised lower next month), the Atlanta Fed's initial read on 2018 Q1 GDP is 4.2%. Let the GDP limbo begin.
- Gold’s $12 dollar selloff is now a $13 dollar rally. Maybe traders are finally figuring out that inflation is good for gold. Wait until they figure out that no matter how hot inflation gets, the Fed is powerless to put out the fire! http://bit.ly/2Cp3EKY
- #Republicans are about to run larger deficits when the economy is supposedly booming, than #Democrats ran into 2009 when we were in the Great Recession. Can you imagine the size of the Republican deficits when the economy slips back into recession?