The Daily Bell is pleased to present this exclusive interview with Marc Faber: Daily Bell: Hello, again. Since last we spoke, in June 2011, things have grown worse in some cases and better in other ways. How do you see the world today? What pleases you the most economically and what are you most concerned about? Marc Faber: Economically, there is not much that pleases me because I think we are[...]
Category: News
3 Warning Signs Predict 20% Stock Tumble – When These Indicators Flash Together…SELL
By Mark Hulbert, MarketWatch Over the past 45 years, the stock market has lost more than 20% each time three warning signs flashed simultaneously. After a selloff this past week dragged the Dow Jones Industrial Average into negative territory for the year, it’s worth noting that all three are flashing today. The signals are excessive levels of bullish enthusiasm; significant overvaluation,[...]
Elliott’s Paul Singer On Gold, Inflation, And The Global Monetary Delusion
"Although the levitation of financial assets has yet to levitate gold, we will grit our collective teeth on that score and await either 'asset price justice' or the 'end times,' whichever comes first." Authored by Paul Singer, excerpted from Elliott Management's latest letter to investors, GLOBAL MONETARY DELUSION – MORE COWBELL Central bankers think they are the masters of the universe[...]
Official Who Implemented QE1 For Fed Warns Major Turmoil Is Coming – What Fed is Doing is “Quite Shocking”
In the aftermath of the Fed’s decision to taper another $10 billion, today King World News spoke with the man the Fed called on to execute QE1 and who also set up the Fed’s massive trading room, former Fed member and former Managing Director at Morgan Stanley, Andrew Huszar. What he had to say will stun KWN readers around the world. He warned stocks will collapse if the Fed continues on the[...]
6 Major Flaws in the Fed’s Economic Model – James Rickards
The U.S. dollar is the dominant global reserve currency. All markets, including stocks, bonds, commodities, and foreign exchange are affected by the value of the dollar. The value of the dollar, in effect, its “price” is determined by interest rates. When the Federal Reserve manipulates interest rates, it is manipulating, and therefore distorting, every market in the world. The Fed may have [...]
How Much Did Subprime Loans Fuel GDP boom? Economy Running on Subprime Loans Again?
By Steve Goldstein, MarketWatch WASHINGTON (MarketWatch) — It’d be tempting to think that the days of subprime loans fueling the economy were a product of the era of the aged or departed Ace Greenberg, Alan Greenspan and Angelo Mozilo. Except when you break down the growth in GDP, it’s clear that car and light truck purchases played a major role. And subprime loans, in turn, are financing [...]
IMF View of US Economy May Boost Gold – HSBC
UNITED STATES July 25 2014 4:35 PM NEW YORK: The International Monetary Fund view of the United States economy may boost gold, should it come true, said HSBC precious-metals analyst Jim Steel. The IMF on Wednesday suggested the Federal Reserve may have room to keep interest rates at zero for longer than investors anticipate. Currently, the median forecast of participants in the Federal Open[...]
While Other Currencies Emerge as an Alternative to the US Dollar, Gold Will Also Benefit.
David Levenstein - July 29, 2014 Last week, the main drivers behind the gold prices were the situation of the Malaysian Airlines jet downing in Ukraine and Israel’s invasion of Gaza. For now it seems that the other hot-spots especially those in Syria, Libya and Iraq have been temporarily forgotten. On Thursday, gold prices fell on Comex once again, in what was yet another bout of[...]
Real Unemployment Rate Is at Least 18 Percent – Ergo, Entitlement Money Printing Can’t Stop
Tuesday, 29 Jul 2014 By Peter Morici The Labor Department on Friday is expected to report the economy added 235,000 jobs in July, and the unemployment rate remained steady at 6.1 percent, but that hardly tells the story. The jobless rate may be down from its recession peak of 10 percent, but much of this results from adults, discouraged by the lack of decent job openings, have quit altogether.[...]
The Shocking Reason Why Gold May Quickly Hit $2,000 – And Big Moves for Silver, Platinum & Palladium
Today a man who has been involved in the financial markets for 50 years spoke with King World News about the shocking reason why gold may quickly hit $2,000. Below is what John Embry, who is business partners with billionaire Eric Sprott, had to say in this powerful interview. Embry: “We are at a major inflection point. After more than 3 years for silver and almost 3 years for gold being under [...]