Meraglim Blog

New Multi-year Gold Rally Has Emerged

The dollar price of gold has been on a roller-coaster ride for the past six years. But the past six weeks have been a turbocharged version of that. Investors should expect more of the same for reasons explained below. The six-year story is the more important for investors and also the more frustrating. Gold staged

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Trump Declares War

He is apparently declaring a currency war on the rest of the world. Trump resents China and Europe cheapening the yuan and the euro against the dollar in order to help their exports and hurt ours. He says it’s time for the U.S. to cheapen the dollar also. Trump has a point. If you put

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Iran May Be Heading for Collapse Without a Shot Being Fired

A lot of Americans breathed a sigh of relief after the recent attack on a U.S. drone by Iranian missiles. The world expected a swift counterattack by President Trump, perhaps in the form of a cruise missile aimed at the Iranian command center that conducted the attack on the drone. This could easily have escalated

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This Article Is Highly Technical, but It Shows You Just How China Steals

We try to present articles that are important and high-level but not necessarily highly technical. Most technical specifications are needless and the points the reporter is trying to make can be expressed in plain English or with helpful metaphors. But there are exceptions. Some articles are so important and disturbing they need to be presented

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Google Should Keep You up at Night in the Next Election, Not Russia

Although Donald Trump himself was cleared of “collusion” with the Russians in interfering with the 2016 election, the Russians themselves were not cleared. The evidence showed that there was Russian interference in terms of fake websites, inflammatory memes and other internet advertising tricks of the trade. Experts disagree on how much actual influence this had

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What’s a Worse Sign Than Yield Curve Inversion? A Bear Steepener

You’ve seen and heard endless reporting about the “inverted” yield curve and how it’s a top recession indicator. What exactly does that mean? The yield curve is just a matter of connecting the dots on a chart, which represents particular yields on bonds of particular maturities. For example, right now the 10-year Treasury note has

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Here’s a New Tax… on Nothing

Cities, states and countries around the world are facing a common dilemma ⁠— too much debt and not enough growth. Entitlement spending and spending on favored unions for teachers and construction workers are growing faster than the rate of inflation, but tax collections from everyday workers cannot keep up. One of the reasons growth is

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