We’ve been writing about the coming trade wars for years and were among the first to spot the launch of a real trade war in early 2018. When President Trump announced tariffs on solar panels, washing machines and aluminum imports last January, most analysts shrugged and said it was just for show or it was
Regular readers know that I don’t think highly of bitcoin. I’ve never owned any, have no intention of buying any and don’t recommend it to readers. I did an interview in December 2017 when bitcoin was around $8,000 and going up almost $1,000 per day. I said that bitcoin could go to $20,000, but
The chorus of those predicting a major financial collapse sooner than later keeps growing. Until recently, those warnings came mostly from the fringe. Today, they are coming from the heart of the financial establishment. In this article, it is Harvard professor and presidential economic adviser Martin Feldstein who sounds the alarm. Feldstein points out that if
Most investors are acquainted with major exchange clearinghouses such as those at the CME or COMEX. But the largest securities clearinghouse in the world is one that few have heard of. It’s the Depository Trust & Clearing Corp., or DTCC. The DTCC clears practically all listed stock trades on the New York Stock Exchange and
It’s no secret that the Russian and Chinese central banks are preparing to dump the dollar and escape from the dollar payments system and dollar-based sanctions. Russia and China have both more than tripled their gold reserves in the past 10 years and continue either to reduce holdings of Treasury securities or shorten the
