Europe Bails Out Its Failed States with “Common” (i.e., German) Bonds
The “European Project” was designed with something like the current crisis in mind. The adoption of a common currency was just the first, politically easiest,
The “European Project” was designed with something like the current crisis in mind. The adoption of a common currency was just the first, politically easiest,
Take a world that’s spinning out of control with debt, money creation and pretty much every other measure of financial danger flashing red. Add the
Just a few months ago, California was running surpluses and spreading the wealth around — at least to its affluent voters and public sector employees
The people running states like New Jersey and cities like Chicago know they’re broke. Ridiculously generous public employee pensions – concocted by elected officials and
Lawrence Lepard, managing partner with Equity Management Associates, just published a quarterly report in which he explains — among many other things — why current
Sound money advocates have been proclaiming that “the Fed can’t print gold” pretty much since the end of the last gold standard in 1971. But
James Grant, the venerable publisher of Grant’s Interest Rate Observer, just wrote an opinion piece for the Wall Street Journal that, had it appeared on
The Wall Street Journal just published the kind of article gold bugs dream of seeing in the mainstream press. Here’s an excerpt: Coronavirus Sparks a
Two things about the coronavirus relief checks the government will soon start sending out: First, it looks like they’ll take a while to arrive: Show
I was sitting here writing a post about how even though gold and silver prices are down, dealers are facing shortages of one-ounce bullion coins
Let’s say President Trump is right about the coronavirus “miraculously” fading away as temperatures rise in the Summer. Will things then go back to the
The 2010s were not kind to precious metals, in either nominal or relative terms. Gold and silver are down from their 2011 highs and waaayyy
If you’re managing money and need positive results in the year ahead, you’re in a tough spot. Stocks are at levels that in the past
When people tick off the components of the “everything bubble” they usually omit US housing, for a couple of reasons. First, bubbles don’t normally recur
Excerpted from Pento Portfolio Strategies God bless Paul Volcker. He was truly a one of a kind central banker, and we probably won’t see another
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