#JanetYellen admits that while the Fed was wiling to buy toxic mortgage-backed securities, it will not touch Puerto Rican sovereign debt!
— Peter Schiff (@PeterSchiff) June 21, 2016
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- Inflation is back. So what does this mean for gold? http://bit.ly/2Cp3EKY
- The fact that the dollar and bond prices are falling together is a very, very bad sign that everybody is ignoring. The bond yields aren’t high enough to offset the losses in the foreign exchange. http://bit.ly/2DMF5MP
- Earlier this week, the New York Fed released the latest data on US household debt, revealing it has grown to a record $13 trillion. Americans have been spending, but they’ve been putting a lot of it on plastic. http://bit.ly/2EGkudw
- 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
- #Bitcoin just traded down to $6,000. That is 70% below its record high set in Dec. 2017. How much lower will the price have to fall before the HODLers FODL? My guess is most will hang on until the price is well below $1,000. Then the big problem will be finding buyers!
- Does scientific research drive innovation? Not very often, argues Matt Ridley
- Please appoligize to #LizClaman if you sent her a nasty tweet. It was not even her show that cancelled me. In fact, she invited me on next week. I was actually booked on the show following hers. I got it mixed up. But they cancelled for a ligit reason.
- The Cruelty of the $15 Minimum Wage
- From CNBC. http://bit.ly/25CwpB2
- @4LPH4THOR Yes, its just early. The recent 10% drop was not a correction but the beginning of a bear market.