The U.S. economy is in hot water. Thanks to a wealth bubble that is “5 times the size” of the GDP, that “pop” could do more damage than previous bubbles that once plagued the economy.
According to the Treasury report, in Fiscal Year 2018, the government’s total net loss was $1.16 trillion. What’s more troubling is how this debt could affect Social Security for future retirees.
The ingredients for gold’s breakout above the $1,300-$1,350 range are falling into place. See the 5 factors that could propel gold’s price in this week’s News to Know.
Financial firm Guggenheim Partners released a note saying recession risk has doubled. There are three signals sounding the recession alarm and hinting the next one could be more prolonged than usual.
There are two crises U.S. states are currently facing that need attention. However, due to a limited budget, they will likely have to choose which they want to focus on, and it doesn’t look good for public pensions.
Last year, gold bullion surpassed demand expectations. See why a precious metals consultancy is saying demand will hit a four-year high this year in this week’s News to Know.
The U.S. dollar’s status as reserve currency is dipping to levels not seen since 2013. If the dollar keeps dropping, it could severely impact purchasing power and possibly drive inflation out of control.
Vanguard’s reputation has made its services equivalent to keeping your money in a foolproof safe. However, that reputation may no longer exist thanks to a Vanguard supervisor caught carrying out a $2 million scam.
Brandon Smith from Alt-Market.com explores the discouragement of free markets and points out who he believes is behind the onslaught of the misunderstood economic system.
The Federal Reserve shot down market expectations when they announced there will probably be no interest rate hikes this year. See why this could be highly bullish for gold in this week’s News to Know.
