– Gold will be safe haven again in looming EU crisis – EU crisis is no longer just about debt but about political discontent – EU officials refuse to acknowledge changing face of politics across the union – Catalonia shows measures governments will use to maintain control – EU currently holds control over banks accounts and […]

Here is the opening statement from the Department of Labor: In the week ending October 21, the advance figure for seasonally adjusted initial claims was 233,000, an increase of 10,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 222,000 to 223,000. The 4-week moving average was 239,500, […]

Since the beginning of the year, the Federal Reserve has been heavily discussing, warning rather, they were going to begin to “unwind” their gargantuan balance sheet. As Michael Lebowitz recently penned in his subscription-only article “Draining The Punchbowl:” “Since QE was first introduced, the S&P 500 has gained 1,546 points. All but 355 points were achieved during periods […]

In 2016, I wrote a piece at mises.org highly critical of inflation targeting. At that time the idea of a 2% inflation target was fast becoming mainstream. Since then it has become a routine yardstick for assessing economic policies.1 It was a hit with politicians, liberal economists, and borrowers around the world because with inflation running below that […]

OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 +0.12%) this morning are up +0.06% and European stocks recovered from a 3-1/2 week low and are up +0.33% as a rally in Spain’s IBEX Stock Index leads European stocks higher. Spain’s IBEX Stock Index jumped +1.54% and gave European stocks a lift after people familiar with the […]