Financial Sense

Hey Millennials: Here’s the Truth About Socialism, Kim Jong-un, and Nicolás Maduro
Independent Institute's picture

By Independent Institute – A recent story in the New York Times discussed the increasing willingness of political candidates in the United States to run as socialists. Times reporter Farah Stockman wrote that the Democratic...

Gold Falls Amid 'Trade War' Tumult, Silver Back Under $17
Adrian Ash's picture

By Adrian Ash – Gold and silver fell Friday lunchtime in London, dropping back to $1289 and $16.95 per ounce respectively as the White House confirmed new tariffs on an extra $50 billion of China's annual exports to...

Mortgage Rates Move Higher on Fed Dot Plot Projections
Michael Shedlock's picture

By Michael Shedlock – How many hikes can the Fed get in this year? The Fed estimate is two more. Mortgage rates rose on the news. Mortgage News Daily reports Mortgage Rates Higher Following Fed Forecasts.

Euro Craters After Hawkish ECB
Marc Chandler's picture

By Marc Chandler – It is like deja vu all over again. Yesterday, a hawkish Fed saw the dollar rally and then reverse lower. A hawkish ECB saw the euro make a new session high and then turned around and traded below yesterday's lows.

Is Trump Good or Bad for This Market?
Andrew Zatlin's picture

By Andrew Zatlin – The market has been on a tear since Trump moved into the oval office. But is he good or bad for the market? His style is combative and divisive. This brings on volatility. The opposite of what investors want.

Dr. Keith Barron: World Is Facing Peak Gold
FS Staff's picture

By FS Staff – Though gold is up for the year, it still seems to be bumping up against resistance at the $1350 to $1380 level. This time on Financial Sense, we spoke with well-known mining geologist Dr. Keith Barron on gold, the gold mining industry, and his search...

US Debt Implosion – Is it Time to Worry?
Urban Carmel's picture

By Urban Carmel – Debt is a perennial worry. It's a natural human tendency is to think of debt as bad, that by incurring debt we are living beyond our means. But much of what you hear about debt in the US is hyperbole.

Saudis Lift Oil Production to 10 Million Bpd
Oil Price's picture

By Oil Price – Saudi Arabia pumped over 100,000 bpd of crude oil more in May, with daily production reaching 10 million bpd, officials from the country’s oil industry said, as quoted by the Oil and Gas Journal, adding that plans...

Small Business Optimism Soars to Second Highest Level on Record
Jill Mislinski's picture

By Jill Mislinski – The latest issue of the NFIB Small Business Economic Trends came out this morning. The headline number for May came in at 107.8, up 3.0 from the previous month. The index is at the 100th percentile...

Fed Set to Hike Rates, Change Communication Strategy
Tim Duy PhD's picture

By Tim Duy - Central bankers are set to hike interest rates at this week’s meeting of the Federal Open Market Committee (FOMC), an outcome widely expected by market participants and thus should come as no surprise.