There are currently two vacancies on the powerful board of governors of the Federal Reserve System. Those vacancies have persisted since the Obama administration. Obama thought Hillary Clinton would win the election in 2016 and fill the seats with reliable global elitists. Instead, Trump won and had the vacancies handed to him on a silver
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
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
Dear Friends, Greg Parsons, CEO of Semper Capital, is a former US Marine and a friend of ours who I would like to introduce to you. Greg and his firm have focused their philanthropic/charitable efforts around our Military Veterans. One of the groups they work very closely with is The Heroes Journey, founded by a
The G20 summit in Osaka, Japan, came and went on June 28–29 without much substance except for the meeting on the sidelines between President Trump, President Xi of China and their teams of advisers. Of course, the subject was the ongoing trade wars between the U.S. and China. Trump was poised to raise tariffs on
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
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
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
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
