Authored by David Stockman via Contra Corner blog,
The Senate Finance Committee tax bill is not supply side and it's not even a tax cut; it's a gimmick-ridden policy mongrel that smells to high heaven of political desperation and cynicism.
Millions Upon Millions of Americans Have “Negative” Wealth
Posted with permission and written by Rory Hall, The Daily Coin
While 3 Americans possess more wealth than 50% of the combined poorest, we now learn that 20% of ALL Americans have zero or negative wealth. I presume by having “negative wealth” they have lived beyond their means for so long their debt burden is all they have to show for their life – very sad that people allow themselves to be put in that position.
Authored by Daniel Nevins via FFWiley.com,
Forget about big hair, Ray-Bans, and Donkey Kong. Don’t even think about Live-Aid, Thriller, and E.T. Above all else, the 1980s were the gravy days of the money supply aggregates.
The $2.4 Trillion Hidden “Fed Tax”
Written by Peter Diekmeyer, Sprott Money News
Jerome Powell’s support for the Federal Reserve’s low interest rate regime has long benefited investors, who reacted favorably to news that he would be Donald Trump’s nominee as its new chair.
Authored by James Rickards via The Daily Reckoning,
The physical fundamentals are stronger than ever for gold.
Russia and China continue to be huge buyers. China bans export of its 450 tons per year of physical production.
Gold refiners are working around the clock and cannot meet demand.