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Tag Archives: US Economy

Reports of Gold’s Death Are Greatly Exaggerated

Back in December 1997, the Financial Times ran a now-infamous article titled “Death of Gold.” In it, the author Kenneth Gooding claimed that as an investment, “gold is a goner.” The crises of the past 10 years—the 1987 stock market crash, the Gulf War, Asia’s financial meltdown—had not resulted in higher demand. Gold was now a “mere metal” and a “bad investment,” Gooding concluded. But as it happened, reports of gold’s death were greatly exaggerated. The next decade saw the precious metal...

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What Is Shadow Inflation? It Could Be More Prevalent Than You Realize

We’re all familiar with inflation, whether it’s at the grocery store or gas pump. What cost you $10 last year might cost you $12 or more today, representing a hidden “tax” that steadily corrodes your purchasing power like rust on iron. But did you realize there’s another form of inflation that’s just as corrosive and yet is nearly impossible to measure? Some economists call it “shadow inflation,” and it refers to instances when you pay the same price for a good or service one year to the...

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Gold Is Now the Second Most Liquid Asset on Earth

U.S. Global Investors Announces a 50% Increase in Monthly Dividend   Contrary to popular belief, what’s good for the goose is not always good for the gander. This week the U.S. dollar advanced against a basket of foreign currencies to hit its highest level in about a year. For consumers and importers, this is good news, as it means the greenback offers greater purchasing power. For exporters, on the other, and for the price of gold and other commodities that are priced in U.S. dollars, this...

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Gold Passed the Evergrande “Stress Test”

It’s the biggest company you’ve never heard of—until this past week, that is. Evergrande Group, the “too big to fail” Chinese property developer, rattled markets on Monday when it missed interest payments to at least two of its lenders. This gave more than a few investors flashbacks to Lehman Brothers’ demise in 2008, which helped trigger the global financial crisis. The selloff spread to U.S. markets, and I was pleased to see that gold maintained its haven status. The yellow metal ended...

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It’s A FOMC Day!

A Pfennig For Your Thoughts September 22, 2021 * Currencies give back some gains on Tuesday…* The House kicks the can down the road once again…  Good Day… And a Wonder Dog Wednesday to you! Well my weather app was correct, the cold front did come through on Monday night, and I have to say that I’m just not ready for colder weather… I’m good with chilly weather, but not during the day light hours. I don’t like having to put on sweatshirts, or sweaters just to go outside in September! I dropped...

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What Are Zombie Corporations?

A Pfennig For Your Thoughts July 6, 2020 * Currencies push the envelope VS the dollar…  * JP Morgan thinks stocks will rally forever….  Good day… And a Marvelous Monday to you! WOW! What a great long weekend for yours truly! Starting on Thursday with my last visit to the wound center! Yes, I said my last (Hopefully I don’t ever have to go back!) visit to the wound center… After 15 months I’m finally 100% healed! , and now my challenge is to keep my legs from swelling up and putting...

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The Relentless Road to Recession Continued

Consider this a travelogue in pictures (graphs and charts really) that presents a rather striking and comprehensive image of a nation journeying into recession. Our decline is steeper now than it was even in my retelling of economic turns during the summer and early fall. While the stock market has continued to rise (and I never said it wouldn’t rise this year until and unless recession begins and takes it down), earnings — upon which stock valuations used to be based in times long ago — have...

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U.S. Economic Data Continues To Show Rot On The Vine!

A Pfennig For Your Thoughts November 18, 2019 * Currencies rally on Friday, and remain well bid… * Gold gets sold on Friday and in the early morning today… Good day… And a Marvelous Monday to you! This will be a short week for yours truly, as it will get cut down to 3 days. I have my monthly oncologist visit bright and early on Wednesday. So this is your early alert of no Pfennig that day! Well, our Blues had their unbeaten streak stopped and now they’re on a losing streak… What in the world...

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