When I write collapse, I’m not referring just to a financial meltdown. I’m referring to a broad-based social collapse that could call into question the rule of the Chinese Communist Party (CCP), which some historians refer to as the Peasant Dynasty. In order to understand the vulnerability of China, it helps to consider the counter-narrative […]
With so much attention focused on U.S. stock markets, it seems timely to pivot away from stocks for the moment and consider the global perspective. Globalization may be dying in terms of trade and supply chains, but financial markets are inextricably linked in ways that relatively few understand. King Dollar Still Rules The dollar still […]
What is the Mar-a-Lago Accord? And what would a Mar-a-Lago Accord mean for the value of the U.S. dollar? We begin our analysis with the name itself. Mar-a-Lago Accord is an echo of the three major international currency accords since the original Bretton Woods Agreements reached in 1944. Accords Through The Years The first was […]
On Monday, we offered readers the following forecast of what would happen at the FOMC meeting this week: On Wednesday, the Fed will continue its pause in interest rate cuts. That decision will leave the federal funds target unchanged at 4.50%. The Fed’s current rate lowering cycle began with a 0.50% rate cut on September 18, […]
The stock market has topped out and is headed down. The Dow Jones Industrial Average peaked at 45,014 on December 4, 2024, and was at 41,911 by March 10, 2025, down 3,101 points or 6.9% in just over three months. The S&P 500 Index peaked at 6,130 on February 18, 2025, and was at 5,614 […]
Even casual observers know that gold has been trading near all-time highs lately. The dollar price of gold has been trading around $2,955 per ounce, quite close to the all-time closing high and near the recent intraday high just below $3,000 per ounce. Since November 1, 2022, gold has rallied from $1,650 per ounce to […]
The new Trump administration is off to a fast start. All of the key nominations for the Trump cabinet and White House staff have been made, the Senate confirmation hearings (where needed) have mostly been held and some of the key positions have already been filled. Trump signed a large pile of Day One executive […]
The new Trump administration is off to a fast start. All of the key nominations for the Trump cabinet and White House staff have been made, the Senate confirmation hearings (where needed) have mostly been held and some of the key positions have already been filled. Trump signed a large pile of Day One executive […]
With the exception of the presidential election last November, no period will be more full of political headlines than the weeks just past and the few weeks ahead. The transition from one administration to another on Inauguration Day, January 20, 2025, was both politically momentous and historic. This is especially true when the two political […]
James Rickards, The Daily Reckoning, provides insights into the Trump currency plan. There has been a lot reported in recent days about the return of currency wars. With Trump 2.0 about to begin, let’s review his last term and what to expect in the second. Trump badly bungled his transition after first being elected president […]