Uncle Sam isn’t the only one running up credit card debts. Everyday Americans are also piling on the debt. Total household debt soared to a record $13 trillion dollars in 2017. https://t.co/C1ZVr1upZ6
— Peter Schiff (@PeterSchiff) February 14, 2018
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- Since Dec. 12, the day before the Fed moved, gold climbed 5.7% to $1,314.36 an ounce, last week touching the highest level in three months and has climbed higher since. http://bit.ly/2CYWj9x
- Trump has found imposing his will in D.C. isn’t as easy as Trump tower. http://bit.ly/2sga9Pj
- The restaurant only accommodates eight diners per night. The tab generally runs between $500 and $600 per person. http://bit.ly/2v43CYv
- Trump changes tune on the economy: With Obama it’s a bubble, with Trump is a boom. https://t.co/Lq8kFnIu9z https://t.co/3bwDhAmWKs
- There's growing evidence we’re nearing a debt time bomb explosion. http://bit.ly/2rPtBjh
- The World Gold Council points out that in some ways, gold and cryptos are complementary assets. It highlighted the similarity in their supply dynamics. http://bit.ly/2ncfp1T
- @RonPaul, "It makes no sense to tax money" http://bit.ly/2sHH7Wc
- Following yesterday's presidential tweet about rising wages, June personal income came in unchanged, its weakest reading since Nov. 2016!
- 10-year U.S. treasury yields just touched 2.9%. This is a new high for the move. The rise in response to the CPI was delayed by the initial plunge in stock market futures. But now that stocks have recovered most of their losses, bonds are plunging.
- 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.