On February 23, Jerome H. Powell, the Federal Reserve chair, testified to lawmakers on the economic rebound from the pandemic recession and the threat of future inflation. Equity markets continue to trade wildly as GameStop and Tesla continue to attract speculators as the Fed is seen as a savior no matter what. We all know […]
Growing up in the NY area allows you to come across many walks of life. Johnnie was a great guy who loved life. Johnnie loved to spend and loved to borrow from every loan shark in town. Johnnie was a friend and asked me for a small loan. I asked Johnnie if this loan would […]
For most of us, 2020 has been a year that we never could have imagined at the end of 2019. The idea that governments would choose what businesses could be open which ones could close would have seemed impossible in this country. Who could have imagined that 2020 would see the stock market reach record […]
US economists continue to upgrade their financial forecast for 2021 recovery. The US media continues to count on stimulus to get us through the next stage of the pandemic. A $600 or $1,200 check is not a long-term solution at all. More dependence on the government for free money and handouts will not create jobs. […]
The US dollar is down nearly 12% since the March 2020 peak. Gold is up 23% from the March price swoon. Meanwhile, the Federal Reserve has increased the money supply by more than 25% n 2020 alone, a number that should be shocking to anyone who has worked had to accumulate savings in US dollars.
Gold hit an all-time high in price during the beginning of August of 2020. Since then gold has fallen approximately 13% after a great run from 1,480 to 2,060 in five months. One of the toughest things to do as an investor is to stay the course. Weak hands selling their gold creating downward pressure […]
Since the financial crisis of 2008, many banking reforms have addressed the notion of “too big to fail.” Unfortunately, the laws and reforms touted as being to “protect” consumers, only infringe on our rights freedoms. These large entities such as banks and insurance companies are likely to draw up rules and regulations that will benefit […]
I found myself staring at the US Debt Clock site since Friday afternoon. It’s like watching a ticking debt time bomb. The issue of US debt has always been an occasional issue that is often spoken about in political circles. The issue of creating debt that our children will need to pay back is brought […]
Gold hit an all-time high recently around $2,080 per ounce. The yellow metal closed at $1,935 an ounce before the volatile Labor Day holiday on Monday. Stocks took a big hit after a tremendous run since April and were probably extended for sure. The question facing most investors is where do we go from here? […]
Gold is up almost $400 per ounce over the past six months. The gold price is benefiting from a weaker dollar, a lackluster jobs report, and continued stimulus talk. No one knows what to expect over the next six months. To have all your eggs in one basket is awfully risky and just plain silly. […]
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