Where do we land from here? Gold had a strong 2023, defying expectations amid a high interest rate environment, and outperforming commodities, bonds and most stock markets. As we look forward to 2024 investors will likely see one of three scenarios (Table 1). Market consensus anticipates a ‘soft landing’ in the US, which should also positively affect the global economy. Historically, soft [...]
Month: December 2023
Are We Too Dumb To Survive?
Sometimes it seems like it. Consider the following Author: JOHN RUBINO CBS News just conducted a poll that paints Americans as too economically illiterate to deserve a future of freedom and prosperity. Here’s how Tom Woods, author of Diary of a Psychosis: How Public Health Disgraced Itself During COVID Mania, addressed it in a recent mailing: Sometimes you look[...]
Recession Watch: Forget About That Soft Landing
Demand is cratering for houses, trucks, toys, you name it Author: JOHN RUBINO Americans have spent the past few years putting ever-bigger parts of their day-to-day lives on plastic. And now the stats are brutal: Total credit card debt recently pierced $1 trillion while personal interest expense has gone parabolic. Credit card usage, as a result, has dropped back below[...]
De-Dollarization Watch: It’s Definitely Happening
Author: JOHN RUBINO De-dollarization events that would once have been a big deal have become common lately. Some examples: UAE officially stops using dollar for oil trades (Watcher) - The United Arab Emirates (UAE) is asking BRICS countries to settle oil trade in local currencies and not the U.S. dollar. The Middle Eastern nation is aiming to diversify its economic[...]