For the record, I agree with Lacy Hunt. We will eventually go back to a slow-growth, disinflationary environment. I think real GDP will likely average 1% for the rest of this decade because of the debt burden.
Kicking the can down the road is the new national pastime. Every time the government’s bills come due, officials at the Treasury Department find creative ways of paying them with money they don’t have.
The world's money supply has exploded. And yet monetary metals prices in the last 12 months have fallen -- yes, fallen –- gold by 7% and silver by 3.5% -- perhaps the only major assets with prices that have fallen.
Curiously, a metal that often gets left out of the hype over lithium-ion batteries is graphite. There is no substitute for graphite in an EV battery and lithium-ion batteries are ..
With 40% of money in the US being created in the last 2 years, we ask Lawrence if the Fed is trapped. If so will this mean that it is going to be very difficult for them to raise rates or attempt to taper..
To summarize the concentration of these three sectors in total GDP: 31.35% - Federal Government, 15.2% - State and Local Government, + 22.3% - Finance, Insurance, Real Estate = 68.85%
ETFs cut 86,759 troy ounces of gold from their holdings in the last trading session, bringing this year's net sales to 8.3 million ounces -- This was the eighth straight day of declines..
