Good Reads
US stocks rebound ahead of Fed decision, tech earnings
U.S. stocks rebounded from earlier lows on Tuesday ahead of key corporate earnings releases and the Federal Reserve's highly anticipated interest rate decision on Wednesday. World stocks had earlier fallen to a one-month low as investors dumped chipmakers on concerns about Chinese competition and the funding of the AI boom. Read on »
Recession Watch: Private Credit Bubble Threatens the Mega Banks
One of the selling points of “real” banks like JPMorgan Chase or Bank of America is that they’re immune to the debauchery of the private credit “shadow banking system.” But it turns out that mainstream banks have also been feasting on those fat private credit fees and high loan rates. And now they’re reaping that particular whirlwind. Here’s the story… Read on »
Gold is climbing a staircase
Every time gold has climbed up a step it has hit a new high and each time it hit a low, the low was higher than the previous low. Remarkably, gold has never, in 50 years, crashed through a previous low. Every high has been higher than the last and every low has been higher than the last. Read on »
Community News
Chinese Gold Imports Surged to 2-Year High in June Link>>
Are You Prepared for Inflation? Are You Prepared for Deflation? Link>>
Kevin Warsh has three reasons to hold off on a Fed rate hike this week Link>>
What will more intelligence actually do for us? Link>>
Gold price tests $4,000 floor before divisive Fed decision, silver in bear clutches Link>>