Authored by James Rickards via Bonner & Partners,
To paraphrase one of the great gems of Wall Street wisdom, “Nothing infuriates a man more than the sight of other people making money.”
That’s a pretty good description of what happens during the late stage of a stock market bubble. The bubble participants are making money (at least on a mark-to-market basis) every day.
U.S. equity futures are little changed with the GOP Tax Plan now a done deal and no more daily "pricing in" of tax reform possible, as traders nerviously look to see if others will now be "selling the news", a preview of which we got yesterday when US equity indexes closed red across the board despite Trump's biggest legislative win to date, while bonds were spooked by the blowout in government debt needed to fund the giveaways.
Authored by Paul Tustain via BullionVault.com,
Governments have abused and distorted our money. How about a 'Bitcoin standard'...?
THIS is a subsection of a book that's coming later.
It seemed worth publishing now, writes Paul Tustain, founder and chairman of BullionVault and co-founder of WhiskyInvestDirect.
What is money?
‘Gold Strengthens Public Confidence In The Central Bank’ – Bundesbank
Bank of Canada Governor Is Right To Be Worried About The Economy
Written by Peter Diekmeyer, Sprott Money News
Bank of Canada governor Stephen Poloz cited numerous worries plaguing the economy during his speech to Toronto’s financial elites yesterday at the prestigious Canadian Club.
However, the title of Poloz’s presentation, “Three things keeping me awake at night” seemed odd, given positive recent Canadian employment, GDP and other data.