Wealth Creation Through Natural Resources
At the 2016 New Orleans Investment Conference last week Dennis Gartman, Founder & Editor of the Gartman Letter, was bullish on the US dollar. His primary rationale for this dollar bullishness is the decline in the adjusted monetary base during … Continued
Less than 24 hours after Jeff Gundlach uttered the following words “they have got to dial this [hawkish] rhetoric back or the markets are going to humiliate them.”, gold broke out above a level it had previously had some trouble with, … Continued
“100 years of history proves that the Fed is clueless. The mismatch between interest rates and risk today is absolutely insane. My opinion is that the whole financial system is going to blow sky high.” The Energy & Gold … Continued
Next week the Federal Reserve is set to make its final monetary policy announcement of the year and 100% of economists surveyed by Bloomberg predict that the Fed will raise rates. While 100% demonstrates a high level of conviction among this … Continued
The recent trend in economic data is, to put it nicely, poor. Factory orders, new home sales, corporate profit margins, and various indicators of global growth are all trending lower with many reaching lows not seen since 2009: Factory orders … Continued
The Federal Reserve did not hike interest rates today – here are 5 key takeaways from the announcement: The following excerpt from the first paragraph of the Fed statement is a clear signal that China is very much on the … Continued
If we could only look at one chart it would have to be the following one: US Dollar Index (Weekly) After peaking in March the US Dollar Index has spent the last 6 months consolidating between roughly 93 … Continued
This is everything you need to know about today’s Federal Open Market Committee statement: “To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that the current 0 to 1/4 percent target range for … Continued
Hedge fund legend Stan Druckenmiller is out sounding the alarm that the current economic backdrop does not warrant the Federal Reserve maintaining highly accomodative policies including ZIRP: “I feel more like it was in ’04 when every bone in my … Continued
The following tweet from @BobBrinker sums up today’s FOMC announcement quite nicely: The Fed lowered its 2015 PCE inflation forecast to a range of .6%-.8% from a previous range of 1.0%-1.6% and also lowered its 2015 GDP growth forecast to … Continued