The Federal Reserve money machine is creating a first in the U.S. stock market: a multi-trillion-dollar company. Apple became the first publicly listed U.S. business with a $2 trillion market value. On Wednesday, the iPhone maker’s stock hit $468.65, or roughly a market capitalization of $2.004 trillion. Apple now represents approximately seven percent of the […]
Money
Gold climbs above $2,000 as debt-inflation spiral drives up metal demand
By: Alasdair Macleod Measured in dollars, the current bull market for gold started in December 2015, since which its price in dollars has almost doubled. Other than the odd headline when gold exceeded its previous September 2011 high of $1,920, only gold bugs seem to be excited. But in our modern macroeconomic world of government-issued […]
RECOVERY COMPLETE: S&P 500 touches new record high
Well, the recovery is complete, at least on the stock market. The S&P 500 reached new record highs on Tuesday, driven primarily by Amazon’s immense rally. And you shouldn’t expect anything else from a Federal Reserve pumping trillions of dollars into Wall Street. The benchmark index had topped 3,395 in intraday trading before paring some […]
Sound money goes to Washington? New caucus focuses on sound fiscal, monetary policy
By: Jp Cortez As the political and central banking establishment in Washington continues to bail out the economy and markets by creating trillions of unbacked pieces of paper and electronic digits, a handful of Congressmen hope to shine a new spotlight on the devastating effects of this runaway financial profligacy. Congressman Warren Davidson (R-OH) recently […]
WATCH: The two types of investors on r/WallStreetBets
Reddit’s Wall Street Bets is one of the best investment pages on the internet. It is pure entertainment. If you are part of the uninitiated, you should take a look at this video that examines the two types of people on r/wallstreetbets. It will make your Monday!