The fact that investors refuse to shy away from Treasurys, which offer a negative real yield for maturities up to 10 years, shows the economy is in deep trouble, many experts say.
The Federal Reserve may feel compelled to embark on another round of quantitative easing (QE3) after QE2 expires June 30, they say.
That would be the kiss of death for the economy, says Peter Schiff, president of Euro Pacific Advisers. [more]
Silver has been on fire for the last three years – substantially outperforming its spotlight-grabbing cousin, gold.
Because we believe this bull run is far from over, we advise investors to always maintain exposure to the precious metals markets. But the question every investor faces in a bull market is: Do I buy now, anticipating prices will continue higher – and chance getting clobbered if a correction arrives? Or do I wait for a pullback and possibly miss out on big gains? [more]
U.S. Stock Market - With the insane financial heroin known as QE 2 ending shortly, the stock market has realized that their drug induced artificial high had done nothing to fix a horrific set of economic, political and social issues facing America. [more]
Economic data over the past weeks, punctuated by last week's dismal employment reports, confirm the diminishing impact of the stimulus efforts orchestrated by the Obama Administration and the Federal Reserve. In what must be a huge disappointment to Keynesian enthusiasts, the record doses of both monetary and fiscal narcotics did not produce the desired results. In fact, the size and scope of the "recovery" of the past two years was weaker than would have been expected in a typical business cycle recovery without any stimulus whatsoever. Indeed our current recovery is the weakest on record, despite the biggest jolt of government stimulus ever administered. [more]
I'm finally clearing out some old e-mails as I've been swamped between work and home life lately. This was in my inbox from yesterday or the day before with Peter Grandich's newsletter. [more]