Tag: Money Watch

Michael Snyder | America, you officially have a debt problem, and I am not just talking about the national debt. 

RT | Investors that bet on US economy against gold will soon be disappointed, and bullion prices will soar, according to veteran stock broker Peter Schiff, CEO of Euro Pacific Capital.

CNBC | Tesla shares surged more than 10 percent after being halted for more than an hour.

DollarCollapse.com | This is yet another confirmation that we’re not nearly as rich as we think we are.

Zero Hedge | An alarming number of older Americans are being forced into bankruptcy.

The Hill | Former President Barack Obama deserves more credit for the strong U.S. economy than President Trump, according to MSNBC’s Joe Scarborough.

Breitbart | “Now that we have the best economy in the history of our country, this is the time to straighten out the worst trade deals ever made by any country on earth at any time.”

The Mirror | The online retailer paid £4.6million last year – or just over 6% on profits of £72million – despite the firm’s UK sales soaring by a quarter to £8.8billion in 2017.

Check Your Fact | The number of people receiving Supplemental Nutrition Assistance Program (SNAP) benefits declined by 3.6 million since Trump was elected president and 3.1 million since he assumed office.

Bloomberg | China said that the latest threat by the U.S. to increase tariffs won’t succeed in forcing concessions from Beijing.

Zero Hedge | Venezuela’s President Nicolas Maduro admitted that his socialist economic model has “failed” amid food and medicine shortages as well as a failing infrastructure highlighted by Tuesday’s power failure to 80% of Caracas. 

Michael Snyder | Warren Buffett’s favorite indicator is telling us that stocks are more overvalued right now than they have ever been before in American history. 

AFP | Apple said Tuesday that its profit had jumped more than 30 percent to $11.5 billion in the recently ended quarter, besting market expectations despite selling fewer iPhones than analysts projected.

Zero Hedge | “China is, I think, being isolated.”

Zero Hedge | We may have an idea what was the (leaked) reason for today’s selloff in Treasurys, which pushed the 10Y yield just shy of 3.00%.