Business

Submitted by Bill Bonner of Bonner & Partners (annotated by Acting-Man.com's Pater Tenebrarum),

The Hard Rocks of Real Life

The Dow dropped 174 points on Thursday, the biggest fall in six weeks. Not the end of the world. Maybe not even the end of this year’s bounce-back bull run. As you’ll recall, stocks sold off at the beginning of the year, too. Then, investors were buoyed up after central banks got to work – jimmying the credit market on their behalf.

"smooth sailing", right?

Something is going on beneath the covers...

With The Atlanta Fed's slashing its Q1 GDP growth expectations to just 0.1%, consensus estimates for 2016 growth have collapsed. However, none of this should surprise anyone as this is the sixth year in a row that over-optimistic growth hopes devolve into hype for more stimulus and a hockey-stick just around the corner.

While expectations have not improved since 2010, at least one these dreadful soothsayers is defending this year's drop in the same old manner - by promising that H2 will be better, for these 4 reasons...

With The Wall Street Journal once again playing down any precious metals strength and Goldman explicitly saying "sell," RBC Capitalo Markets' Tyler Broda and Alexandra Slattery are considerably more positive...

Retro Gold - Are we heading back to the 1970s?

We reported in 2010 that the American Dream has moved abroad.

We provided additional details in 2013 and 2014.

Today, a very powerful insider - the President of the most powerful Fed bank, the Federal Reserve Bank of New York, Bill Dudley - confirmed that the American Dream has left the house: