Precious Metals News
Washington Examiner: GDP Fell 0.6% in Second Quarter as Recession Fears Grow
The bigger problem facing the economy now is inflation and the Federal Reserve's plan to tamp it down by raising interest rates!
Bloomberg News: Stock Bear Market Will Get Whole Lot Worse When Credit Cracks
Now Goldman Sachs Group Inc. warns of a potential repricing of corporate bonds that risks adding fresh fuel to the stock rout. The bank's warning looked prescient
CNBC: Stanley Druckenmiller Sees 'Hard Landing' in 2023 with a Possible Deeper Recession Than Many Expect
Billionaire investor fears it could be something even worse. "I don't rule out something really bad. We are in deep trouble!"
Market Watch - 'True Carnage': Stock-market Selloff Wipes $13 Trillion in Market Cap off Broad U.S. Benchmark
Communications services (-51.8%), consumer discretionary (-49.8%), tech (-49.4%) and health care (-48.4%) - were roughly 50% below their 52-week highs. Even energy stocks are now down 36.9% from their 52-week highs!
Axios: The World Economy Has an Ominous August 2007 Kind of Feeling
Many consider it to be the beginning of what we now call the global financial crisis. And there are some ominous parallels with what the world is experiencing right now!
Fox Business: Bond Market Crash Foreshadows New Lows for US Stock Market, BofA Warns
The bond market is on track for its worst year since 1949 and will continue to batter stocks, according to Bank of America analyst. "Bond crash in recent weeks means highs in credit spreads, lows in stocks are not yet in!"
Bloomberg News: Morgan Stanley Says Dollar Surge Tends to End in Crisis
"While hard to predict such 'events,' the conditions are in place for one. If there was ever a time to be on the lookout for something to break, this would be it!"
CNBC: The 'Real Cure' for Inflation Has Gone Ignored, Steve Forbes Says
Forbes suggested using gold to stabilize currencies - for example, tying the U.S. dollar to gold so the dollar has a fixed value.
Market Watch: First Thing Fed Breaks with Higher Rates Will Be the Financial Markets, BMO Says
The additional 75 basis points in hikes will turn out to be the "straw that breaks the camel's back." And the world's largest economy "is past the point of rescue!"
Reserve Currency Status in Jeopardy?
Could the global community start to REJECT US dollars?
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Forbes: Goldman Sachs Warns Stock Market Rout Will Only Get Worse This Year
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Fortune: Legendary Investor Ray Dalio Says the Stock Market Has Further to Fall Before a Recession Hits
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Market Watch: A Historic Global Bond-market Crash Threatens the Liquidation of World's Most Crowded Trades, Says BofA
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Bloomberg News: Roubini Expects a 'Long, Ugly' Recession and Stocks Sinking 40%
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Market Insider: Stanley Druckenmiller Says the Fed is Like a 'Reformed Smoker,' While Jeff Gundlach Warns it's Driving the US into a Dumpster
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Bloomberg News: The Global Race to Hike Rates Tilts Economies Toward Recession
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Business Insider: Economist Has Warned the Fed's Rate Hikes May Fail to Squash Inflation - But Could Tank the US Economy and Job Market Anyway
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Fox Business: Fed Interest Rate Hikes Poised to Make the US National Debt Even More Expensive
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Retirement in a Post-Dollar World
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CNBC: 'The Economy is Breaking Hard' and CEO Confidence is Miserable, Says billionaire Investor Barry Sternlicht
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Market Watch: Ray Dalio Says Watch Out for Rates Reaching This Level, Because Wall Street Stocks Will Take a 20% Hit
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New York Post: With Inflation Still Raging, Brace for a 'Hard-landing' Recession as the Fed Spikes Interest Rates Further
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Bloomberg News: BofA Survey Shows Investors Fleeing Equities en Masse on Fear of Recession
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Fortune: Market is Plunging and Could Fall a Lot Further With the U.S. at the Center of a Huge Global Bubble
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Barron's: Guggenheim's Minerd Says Stocks Should 'Fall Another 20%' by Mid-October. Here's Why.
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Business Insider: Jeremy Grantham Warns the S&P 500 Could Plunge Another 26%
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Fox Business: US National Debt Nears $31 Trillion and Counting
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Market Watch: Fed Will Need 'Great Skill' and 'Good Luck' to Bring Down Inflation Without Crashing the Economy, Yellen Says
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3 Creepy Ways Biden is Coming for Your Money
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Reuters: Slumping U.S. Stock Market Technical Indicators Flash Warning Sign
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Yahoo Finance: The Bear Market in Stocks is Definitely Not Over, Goldman Sachs Says
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Financial Times: A Post-dollar World is Coming
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Fortune: The Stock Market Has Been in Free Fall Since the Fed Said 'Pain Was Coming.' Morgan Stanley Says Buckle Up for Another Drop
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Market Watch: Historian Niall Ferguson Warns the World is Sleepwalking into an Era of Political and Economic Upheaval Akin to the 1970s - Only Worse!
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Moneywise- Robert Kiyosaki Says That the Big Crash He Predicted is Here. But Now Could Also Be the Perfect Time to 'Get Richer' - Here's How
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Markets Insider: Economist Nouriel Roubini Warns an Epic Market Crash is Likely - and He Fears a Toxic Combo of Inflation, Unemployment, and Recession
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Bloomberg News: Jeremy Grantham Warns 'Super Bubble' in Stocks Has Yet to Burst
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Markets Insider: Michael Burry Just Hinted the Collapse is Now Underway
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No Money Out of Pocket IRA
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Market Watch: 2022 Has Been the Worst Year for Markets (So Far) in at Least 50 Years
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CNBC: Steve Hanke Says We're Going to Have One 'Whopper' of a Recession in 2023
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Think Advisor - Harry Dent: Crash of a Lifetime Is Here; Sell Stocks Now
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Business Insider: Asset Markets Will Tumble 20%-25% as the Fed's Tightening Has Yet to Be Fully Priced in, Says the CIO of Ray Dalio's Bridgewater
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Can you fight a BEAR? 7% of American men think they can. WOW.
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Business Insider - UBS: 5 Charts That Show the Stock Market Rally is Doomed to Fail Before the End of the Year
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CNN Business: 72% of Economists Expect a US Recession by the Middle of Next Year
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Markets Insider: Goldman Sachs Lays Out Why This Stock Rebound Looks Like a Bear-market Rally that Could Soon Run Out of Steam
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2 Critical Factors Pausing GAS PRICES
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Fortune: Stocks' Big Rally from the Bear Market is More Like a Dead Cat Bounce, UBS Says. 'We Expect Renewed Volatility Ahead'
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Forbes: Stock Market Crash Isn't Over, According to Indicator With 'Perfect' Track Record
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Markets Insider: Economist Nouriel Roubini Says Investors are 'Delusional' if They Expect the Fed to Pivot to Cutting Interest Rates Next Year