by irdadmin | Jul 11, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
“You’ve assigned us the job of two direct, real-economy objectives: maximum employment, stable prices. If you assigned us [to] stabilize the dollar price of gold, monetary policy could do that, but the other things would fluctuate and we wouldn’t...
by irdadmin | May 31, 2019 | Financial Markets, Gold, Housing Market, Market Manipulation, U.S. Economy
Trump’s trade advisor, Peter Navarro, was on CNBC today asserting that the economy was expanding at an unprecedented rate. Either Navarro is tragically ignorant or an egregious liar. Either way he looks like an idiot to those us who study the real numbers and...
by irdadmin | Nov 28, 2018 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
Housing and auto sales appear to have hit a wall over the last 8-12 weeks. To be sure, online holiday sales jumped significantly year over year, but brick-n-mortar sales were flat. The problem there: e-commerce is only about 10% of total retail sales. We...
by irdadmin | Nov 26, 2018 | Financial Markets, Market Manipulation, U.S. Economy
Will GE be the proverbial “black swan?” – It had come to my attention that General Electric was locked out of the commercial paper market three weeks ago after Moody’s downgraded GE’s short term credit rating to a ratings level (P-2) that...
