Dow plunges 650 points after bond market flashes a recession warning, Citigroup tanks 5%

Dow plunges 650 points after bond market flashes a recession warning, Citigroup tanks 5%

The yield on the benchmark 10-year Treasury note on Wednesday broke below the 2-year rate, an odd bond market phenomenon that has been a reliable indicator of economic recessions. Investors, worried about the state of the economy, rushed to long-term safe haven assets, pushing the yield on the benchmark 30-year Treasury bond to a new record low on Wednesday.
August 14, 2019 0 Comments
SILVER PRICES BOOK LARGEST DAILY RISE IN 3 YEARS AS GOLD ENDS 2.4% HIGHER

SILVER PRICES BOOK LARGEST DAILY RISE IN 3 YEARS AS GOLD ENDS 2.4% HIGHER

Silver prices on Wednesday surged by the most in nearly three years and gold settled sharply above an important psychological level at $1,500, amid a round of easy-money policies that helped to stoke fresh appetite for the perceived safety of precious metals.
August 7, 2019 0 Comments
Gold claims 6-year high as trade worries deepen

Gold claims 6-year high as trade worries deepen

Haven metal benefits as dollar eases, yields retreat, and stocks sink in wake of China-U.S. trade tensions
August 5, 2019 0 Comments
The Three Ds of Doom: Debt, Default, Depression

The Three Ds of Doom: Debt, Default, Depression

Here's why we're heading into a Depression: debt exhaustion. As the charts below illustrate, the U.S. (and global) economy has only "grown" in the 21st century by expanding debt roughly four times faster than GDP or earned income.
July 19, 2019 0 Comments

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