Frank Holmes: Gold Is Crushing It So Far this Year
o o o
Soaring Silver ETFs to Snap Up as Metals Shine
o o o
Items from Professor Preponomics:
US News
Free Markets Do Not Need Negative Interest Rates (Mises) Excerpt: “An almost line-by-line critique of this article would be necessary, for the arguments in it are so ill-conceived and fallacious that it is hard to ignore them.”
Freddie Mac Narrowly Avoids Tapping Treasury for Money (Washington Examiner) Excerpt: “Lawmakers and officials have been concerned that, as government stewardship of Fannie Mae and Freddie Mac stretches into an eighth year, the companies could require more Treasury funds, creating tumult among investors and members of Congress.”
Puerto Rico to Default Further on Debts (USA Today) Excerpt: “…faced with the inability to meet the demands of our creditors and the needs of our people, I had to make a choice.”
How Puerto Rico’s $70 Billion Crisis is About to Get Catastrophic (Bloomberg) Excerpt: “Puerto Rico missed a $400 million debt payment on Sunday, and bigger, more consequential defaults could follow.”
International News
Warnings Mount on World’s Corporate Debt, China Crisis (The Telegraph) Excerpt: “The body flagged a double threat: a five-fold rise in company debt to $25 trillion in emerging markets over the past decade; and record junk bond issuance in US and Europe, along with shockingly-irresponsible levels of US borrowing to buy back shares and pay dividends.”
Eurozone in Crisis: Greece Set to Default AGAIN and Italy Panics Over £270BN of Bad Loans (Express) Excerpt: “DEFIANT Greece has again turned down creditor demands, taking the country a step closer to another default crisis and subsequently crashing out of the eurozone.”
Tackling Bad Loans at Italian Banks Will Take Years – ECB Angeloni (Reuters) Excerpt: “”Legislation to accelerate insolvency procedures and the liquidation of collateral should be an important part of the solution,” he added.”
Personal Economics and Household Finance
How to Figure Out How Much Debt You Really Have (Clark Howard) Excerpt: “Between student loan payments, a monthly mortgage (or your rent), credit card bills and maybe even an old gym membership that somehow (whoops) went to collections, it can be all-too-easy to lose track of how much debt you actually have on the books.”
o o o
SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.