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Debt Ceiling Capitulation Spells Trouble for the Dollar

“Frustration” no longer adequately describes what reformers in Congress – along with millions of investors and taxpayers who voted for reform – are feeling. For many, hopelessness is beginning to set in on the prospects for tax, budgetary, and monetary reform following Wednesday’s GOP capitulation on the debt ceiling. Democrats shamelessly exploited the Hurricane Harvey disaster to couple the $ 7.85 billion disaster aid package with demands on unrelated issues in the budget. Congress didn’t pay for the bill with offsetting spending cuts, as the Club for Growth and other fiscal conservatives had urged. Instead, this emergency spending (and more […]

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A Mystery Investor Has Made A 262 Million Dollar Bet That The Stock Market Will Crash By October

One mystery trader has made an extremely large bet that the stock market is going to crash by October, and if he is right he could potentially make up to 262 million dollars on the deal.  Fortunes were made and lost during the great financial crisis of 2008, and the same thing will happen again the next time we see a major stock market crash.  But will that stock market crash take place before 2017 is over?  Without a doubt, we are in the midst of one of the largest stock market bubbles in U.S. history, and many prominent investors […]

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Gold & Silver Rebound; Jim Rickards: Dollar May Become “Local Currency of the U.S.”

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear part one of an amazing two-part interview with Jim Rickards, author of Currency Wars, The New Case for Gold and The Road to Ruin. Jim shares his insights on the Fed’s supposed plan to unwind its balance sheet and what it will mean for the economy and for gold prices. He’ll discuss some potential fireworks involving the U.S. dollar as it continues losing its reserve currency status. Don’t miss a must-hear interview with Jim Rickards, coming up after this week’s market update. Beaten down gold and […]

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The Great Deflation, Gold, and the Dollar

The coming GREAT DEFLATION will impact the value of Gold and the Dollar much differently than what most analysts are forecasting. Unfortunately, most analysts do not understand the true underlying value of gold or the U.S. Dollar, because they base their forecasts on information that is inaccurate, flawed or imprecise. This is due to two faulty theories: monetary science supply-demand market forces While some aspects of monetary science and supply and demand forces do impact the prices of goods and services (on a short-term basis), the most important factor, ENERGY, is totally overlooked. You will never hear Peter Schiff include […]

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Is The Dollar About To Break?

A couple of my favorite quotes from legendary trader Bruce Kovner are: What I am really looking for is a consensus the market is not confirming. I like to know that there are a lot of people who are going to be wrong. As an alternative approach, one of the traders I know does very well in the stock index markets by trying to figure out how the stock market can hurt the most traders. It seems to work for him. If you can figure out how the majority of the market is positioned and where the most consensus trades […]

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Trump And The Dollar

The following is an excerpt from our weekly Market Brief. If you’re interested in learning more about Market Briefs and the Macro Ops Hub, click here. The big macro wild card of late has been what Trump’s actual agenda will look like once his administration gets going; especially in respect to the dollar. Recent remarks from Trump and company are starting to provide some clarity here. This past week the Trump camp made some notable comments about the dollar. Here’s the following via the WSJ (emphasis mine). In his interview with the Journal on Friday, Mr. Trump said the U.S. dollar […]

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Trump Shakeup, Weaker Dollar Coming?

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up David Smith of The Morgan Report and MoneyMetals.com columnist joins me to share his thoughts on the metals market action so far in 2017.  He’ll also offer a stern warning for those who try to get cute with the timing of a purchase and lays out the potential harm of putting off what you know is right.  Be sure to stick around for an enlightening interview with David Smith coming up after this week’s market update. A new era in American political history begins today– and with it, […]

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Major Economic Warning Sign: The Euro Is Heading For Parity With The U.S. Dollar

The collapse of the euro is accelerating, and it looks like we could be staring a major European financial crisis right in the face early in 2017.  On Thursday, the EUR/USD fell all the way to $ 1.0366 at one point before rebounding slightly.  That represents the lowest that the euro has been relative to the U.S. dollar since January 2003.  Ever since 2011, I have been relentlessly warning that the euro is heading for parity with the U.S. dollar.  When the EUR/USD was trading at about $ 1.40 that must have seemed like crazy talk, but I never wavered.  […]

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Dollar Strength Smacks Metals; 2017 Market Crash?

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear from Michael Pento of Pento Portfolio Strategies and author of the book The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market. Michael tells us whether or not the correction in metals is going to last much longer. He also makes a couple predictions about a Donald Trump presidency and the breaks down what he sees as the most likely scenario when it comes to inflation and interest rates. Make sure you stick around for a fantastic interview with Michael Pento, […]

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The One Trillion Dollar Consumer Auto Loan Bubble Is Beginning To Burst

Do you remember the subprime mortgage meltdown from the last financial crisis?  Well, this time around we are facing a subprime auto loan meltdown.  In recent years, auto lenders have become more and more aggressive, and they have been increasingly willing to lend money to people that should not be borrowing money to buy a new vehicle under any circumstances.  Just like with subprime mortgages, this strategy seemed to pay off at first, but now economic reality is beginning to be felt in a major way.  Delinquency rates are up by double digit percentages, and major auto lenders are bracing […]

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