Ol’ Remus of The Woodpile Report pointed me to this piece by Michael Pento: Will the Last Person to Leave the Treasury Market Please Turn Out the Lights? Pento’s piece begins: “Wall Street and Washington love to spread fables that facilitate feelings of bliss among the investing public. For example, recall in 2005 when they inculcated to consumers the notion that home prices have never, and will never, fall on a national basis. We all know how that story turned out. Along with their belief that real estate prices couldn’t fall, is one of their favorite conciliatory mantras that still exists today. Namely, that foreign investors have no choice but to perpetually support the U.S. debt market at any price and at any
Business stalls for equipment manufacturers–outlook for precious metal companies flat
Items from The Economatrix:
Money Is Not Safe In The Big Banks
The Jobs That Could Save the Middle Class
Five Reasons the Fed Will NOT Taper in September: “What’s the Hurry?”