by irdadmin | Mar 12, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
James Kunstler summarized it perfectly. So rather than reinventing the wheel, here’s an excerpt from his Monday commentary: Jerome Powell [was] wheeled out on CBS’s 60 Minutes Sunday night, like a cigar store Indian at an antique fair, so vividly sculpted and...
by irdadmin | Mar 7, 2019 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
Someone last week suggested that Trump sees the stock market as the barometer measuring the success of his Presidency. I think his behavior, tweets, press comments, etc with respect to the stock market validates that assertion. The Dow trended lower all week last...
by irdadmin | Feb 14, 2019 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
The retail sales report for December – delayed because of the Government shut-down – was released this morning. It showed the largest monthly drop since September 2009. Online sales plunged 3.9%, the steepest drop since November 2008. Not surprisingly,...
by irdadmin | Sep 13, 2018 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
“The housing market is 100% a function of the Fed’s money printing. Half the money the Fed printed, $2.2 trillion, went directly into the housing market.” Analysts and financial media meatheads look at the $4.5 trillion created by the Fed and truly...
by irdadmin | Aug 15, 2018 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
In 2008, gold was taken from $1020 to $700 and silver was pounded from $21 to $7 during the period of time that Bear Stearns, Lehman and the U.S. financial system was collapsing. The precious metals were behaving inversely to what would have been expected as the...
