You may be familiar with my forecast that gold has entered a new secular bull market, the third in my lifetime. The first was 1971 to 1980 when gold returned over 2,000%. The second was 1999 to 2011 when gold returned over 650%. The new bull market began in December 2015 and has already returned
The coming credit crisis in China is no secret. China has $1 trillion or more in bad debts waiting to explode. These bad debts permeate the economy. Some are incurred by Chinese Provincial authorities trying to get around spending limitations imposed by Beijing. Some are straight commercial loans on bank balance sheets. Some are
Warnings about an imminent collapse of developed economy stock markets, especially the U.S. markets, are everywhere. Whether you use Shiller’s CAPE ratio, Buffett’s preferred market-cap-to-GDP ratio, or traditional P/E ratios, markets seem overpriced and ready to fall. Of course, that does not mean they will fall anytime soon. As we saw in the dot.com bubble of
Every financial market is vulnerable to some sort of financial fraud. Most of the regulatory systems in place today were designed as a policy response to abuse or fraud. FDIC bank insurance was a response to bank runs and insolvent banks of the 1930s and earlier. The SEC was a response to stock manipulations
The bad news just keeps coming for the bitcoin ecosphere. This article reports that China has ordered its banks to stop providing financial services for any cryptocurrency related transactions. This is important because customers wishing to buy or sell cryptocurrencies have to start by funding their crypto accounts from conventional banking sources. Also, when customers
The Incredible Growth of Fintech Hat tip to Josh Wardini at Expedia for a terrific infographic of the investment dollars pouring into Meraglim’s Fintech & Artificial Intelligence sectors.
About 15 years ago, a Swiss banker loaded all of the confidential information on Americans with Swiss bank accounts that he could find onto a CD-ROM. He flew to the United States and handed the information over to the U.S. Treasury and the FBI. The banker was in trouble for helping Americans evade taxes and
It’s no secret that deficit spending is out of control and the U.S. national debt is heading for nosebleed levels. When Ronald Reagan was sworn in as president in January 1981, the U.S. debt-to-GDP ratio was 32%. When Donald Trump was sworn in as president in January 2017, that ratio had grown to 105%, the
CFIUS (pronounced SIF-eus) is one of the more obscure corners of the U.S. national security apparatus. CFIUS stands for the Committee on Foreign Investment in the United States. Even most Washington insiders have never heard of it. When you say “CFIUS” in Washington most people ask you if there’s a cure. CFIUS is a Cabinet
