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U.S. consumer spending, which accounts of two-thirds of the economy, plunged at an annual rate of 34.6% in the second quarter. It was, by far, the worst in history. U.S. auto sales are also...
Happy weekend! It’s been another wild week for gold. What’s the next move for smart investors? I have a few ideas. First, we should look at some charts. Chart No. 1: The New Bull Market ...
I’ve been pounding the table about how negative real interest rates are firing up gold. The reason is that with bonds yielding so little — and less than zero when you figure in inflation — it...
“We’re from Washington, and we are here to help.” A throwaway line from a bygone political era … but it still rings true and is still just as dangerous. The New York Times reported Tuesday...
The folks in Washington are wrestling over the size of another stimulus package — it should be over a trillion dollars, potentially even more. In the short term, more “free money” should drive...
Investors shouldn’t pay too much attention to politics. It clouds their judgement. That said, something big is happening — a new political talking point is making the rounds on both sides of the...
Over the past week, we’ve seen quite a bit of sideways consolidation for the King of Crypto. But this shift isn’t the whole story. Here are three reasons you should still be bullish on Bitcoin...
Who doesn’t like free government money? Heck, Wall Street sure does. Well, Washington, D.C. is ready to point its free money cannons at anyone who can help loosen China’s stranglehold on rare...
All four of the places in the world where I’ve spent the most time in recent years have experienced frightening surges in COVID-19 cases. One is northern Italy. We go there to visit our dear...
We don’t have economic data from the 14th century when the Black Death swept through Asia, Europe and Africa. We certainly don’t know much about the great floods that struck the Middle East and...