Gold: $1,291.909.30 Silver: $17.190.18

Central bankers face a crisis of confidence as models fail

Central bankers usurped the titans of Wall Street as the masters of the universe almost a decade ago. They rescued the global economy from the financial crisis, flooding the world with cheap money. They used their powers effectively to get banks lending again. Their actions raised asset prices, keeping business and consumer confidence up. Financial […]

Rickards: The Four Major Catalysts For Gold

The Federal Reserve would like to continue “normalizing” interest rates. But the most recent economic data simply does not justify it. On Sept. 29, the August core PCE year-over-year (YoY) inflation figure was released. And the data came in exactly as I expected. YoY inflation for August was just 1.3%, down 0.6% from the January […]

Jim Rogers says ETF holders will get mauled by ‘the worst’ bear market ever

Now that the Fed has finally started to peel off the quantitative-tightening Band-Aid, things should start getting back to normal. That’s a good one, given no one really knows what normal is these days. A pullback from the record highs of yesterday looks to be in store, and gold bugs should cover their eyes, because […]

How the ‘great central bank unwind’ could ignite the next financial crisis

As the Federal Reserve prepares to begin paring the size of its $4.5 trillion balance sheet next month, analysts at Deutsche Bank this week warned that what they have dubbed the “great central bank unwind” is one of several candidates for creating the next financial crisis. “When looking for the next financial crisis, it’s hard […]

Stock Market Bubbles In Perspective (Or Why “This Won’t End Well”)

Last week marked the 9th anniversary of the collapse of Lehman Brothers. It was one of the biggest milestones of the Global Financial Crisis (“GFC”) that began approximately a year earlier in 2007. Corporate earnings were abnormally weak during the GFC. I bring that up because a much cited stock market valuation metric that has […]

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon Slams Bitcoin as a ‘Fraud’

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he would fire any employee trading bitcoin for being “stupid.” The cryptocurrency “won’t end well,” he told an investor conference in New York on Tuesday, predicting it will eventually blow up. “It’s a fraud” and “worse than tulip bulbs.” If a JPMorgan trader began trading in bitcoin, […]

Bitcoin cultists PANIC as China to outlaw Bitcoin exchanges… price plummets 25%… proponents SHOCKED to discover governments can destroy cryptocurrencies

Bitcoin cultists who believed they had discovered a perpetual money generation shortcut that bypassed the laws of economic reality are suddenly shocked to discover that governments can regulate Bitcoin out of existence. In fact, it looks like China is beginning to accomplish exactly that. Via CoinDesk: Shanghai-based bitcoin exchange BTCC has announced it will be closing […]

Tiger Management’s Robertson says ‘we are creating a bubble’ in stocks

Hedge fund legend Julian Robertson Jr. sees stock market valuations as “very high” and worries about a bubble forming. The Tiger Management founder made the comment Tuesday at the Delivering Alpha conference sponsored by CNBC and Institutional Investor. Central banks including the Federal Reserve should get the blame for the high market valuations through their […]

Goldman’s Blankfein on Markets: ‘Things Have Been Going Up for Too Long’

Goldman Sachs Group Chairman Lloyd Blankfein on Wednesday sounded a warning about the markets, saying that some of what he sees “unnerves” him. Mr. Blankfein said the current market environment “doesn’t feel like tulip-bulb-mania,” a reference to the famous speculative bubble in the Netherlands in 1637, but was nonetheless concerning. “Things have been going up […]

Australia Mortgage Market Is Now A $1.7 Trillion “House Of Cards”

Over a decade ago, the U.S. residential housing market was revealed to be perhaps the biggest ponzi scheme ever created as easy financing enabled people to buy/build countless investment properties, that they were in no way adequately capitalized to own, with no money down all based on the premise that the house could be ‘flipped’ […]

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