Authored by Charles Hugh-Smith via OfTwoMinds blog,
Unless we change the fundamental structure of the economy so that actually producing goods and services and hiring people is more profitable than playing financial games with phantom assets, the end-game of financialization is financial collapse.
Secretary of State Rex Tillerson tried to reassure America's nervous European counterparts over Washington's commitment to NATO on Friday but it didn't quite work out as expected when he pressed them again to spend more on defense, triggering a sharp rebuke from Germany.
“As President Trump has made clear, it is no longer sustainable for the U.S. to maintain a disproportionate share of NATO’s defense expenditures,” Tillerson said at a meeting of allied foreign ministers in Brussels.
Authored by Lance Roberts via RealInvestmentAdvice.com,
So Q1 is over and this happened...
And the message is clear...
Gold wins...
It's been an interesting quarter...
Bank of America's Michael Hartnett is back with another controversial note overnight, reminding readers that "it ain't a normal cycle" for one overarching reason: central banks.