July 2017
Venezuela’s Hyperinflation and the Importance of Gold
Venezuela is currently in the midst of a horrible hyperinflationary crisis. Years of government mismanagement of the economy have resulted in a situation in which basic necessities and foodstuffs are almost impossible to...
Consumer Spending Dampened by Surging Rent
Recently-published data has shown that surging rent is taking a larger and larger chunk of Americans’ paychecks. That, in turn, is reducing the amount of money that Americans spend on other goods and services, dampening consumer spending and impacting the economy...
The Federal Reserve’s Bubble Thinking
Federal Reserve Chairman Janet Yellen delivered her semi-annual monetary policy testimony to Congress last week...
Martin Shkreli and Bubble Finance
The trial of Martin Shkreli has been capturing headlines for the past few weeks. The infamous “Pharma Bro” first made waves in 2015 when his company, Turing Pharmaceuticals, attained the rights to the drug Daraprim, hiking its price from $13.50 per pill to $750 per pill...
Americans Working Longer Than Ever
The latest US government jobs report showed that older Americans are working longer than ever. That’s an indicator that older Americans lack the ability to retire because they’re not in a sound enough financial position to retire...
Fannie, Freddie to Loosen Lending Standards
In another sign of a returning bubble, mortgage lenders Fannie Mae and Freddie Mac are going to start loosening their lending standards, allowing borrowers to spend up to half of their pretax income on mortgages.
Ron Paul: Stock Market Crash and Gold Boom Shouldn’t Be Unexpected
A while back I stated in an interview that I wouldn’t be shocked to see stock markets decline 25% and gold increase 50% by October. That made a lot of headlines because
Don’t Make These Retirement Mistakes
One of the common worries that all retirees have is whether their retirement savings will last until they die. There’s perhaps no greater fear than