Is Apple’s Decline Over?
The shares of the world’s largest company recovered a bit after falling as much as 31.6%. What’s the bigger story, the 31.6% drop or Wednesday’s...
Category : Home
Housing Starts Surge, Jobless Claims Plunge
Wow. A couple of economic reports just hit the ball out of the park … kind of. The Commerce Department reported that housing starts jumped...
However This Debt Crisis Ends Up, It Will Be Good For Gold
I don’t know if anyone else is calling the debate over the U.S. debt that is now heating up in Washington a crisis, but, based...
What Do The Independent Inflation Gauges Say?
Whenever the BLS posts their monthly CPI there’s always the same response from critics that the index is flawed. That’s fine. I think a healthy...
Cushing Oil Hits Another Record Number
The weekly EIA report came out today and one of the noteworthy data points was the Cushing, Oklahoma storage numbers. Already at a record, Cushing...
France Approaching Economic Zombiedom
Europe may be out of sight for now, but that’s only because it’s not out of the woods. Draghi be damned: Spain still in a...
Why Currency Wars are Bullish for Precious Metals
By Walter Kurtz, Sober Look As nations see Japan’s success in weakening the yen ( see discussion ), some begin to take notice. Emerging markets...
Thursday: Housing Starts, Unemployment Claims, Philly Fed Mfg Survey
James Hamilton quotes several economists (Republican and Democrat): Debt-ceiling economics and politics. Hamilton concludes: The real purpose of the debt ceiling is political-- it gives...
Focus Shifting to Australia.
Recently, the volatility in Forex has been centered in the Yen and to a similar extent in the Euro. As a result, other currencies have...
Gold Held In USA And France To Be Returned To Germany
The Central Bank of Germany (Deutsche Bundesbank) will repatriate one fifth of its gold reserves deposited at the New York Federal Bank and the Banque...