Jeffrey Gundlach, the chief executive officer of DoubleLine Capital, said on Tuesday that the rally in U.S. stocks, which began on Monday, feels like a short squeeze and characterized U.S. stocks as "dead money." "The market is not incredibly healthy," Gundlach said in a telephone interview, noting recent corporate earnings have come in weak. Gundlach, who oversees $95 billion at Los Angel... read more

With investors around the world worried about markets, today Peter Boockvar warned they have good reason to worry because the global economy is weakening. Peter Boockvar: Markit’s May US services PMI fell to 51.2 from 52.8 in April and vs 51.3 in March. These figures are a definite comedown from the 55.9 average seen in 2015. Business optimism about the future fell to the “lowest reco... read more

We have argued the inevitability of Fed-administered hyperinflation, prompted by a global slowdown and its negative impact on the ability to service and repay systemic debt. One of the most politically expedient avenues policy makers could take would be to inflate the debt away in real terms through coordinated currency devaluations against gold, the only monetize-able asset on most central ban... read more

Venezuela's economic meltdown has become so dire that few political analysts believe President Nicolas Maduro will manage to finish his term, which ends in 2019. Instead, their speculation now centres on when and how the leader of Venezuela's socialist government will be removed from power. A former bus driver, union organizer, foreign minister and vice-president, Maduro replaced revo... read more

Emerging Markets Should Go for the Gold CAMBRIDGE – Are emerging-market central banks overweight in dollars and underweight in gold? Given a slowing global economy, in which emerging markets are probably very grateful for any reserves they retain, this might seem an ill-timed question. But there is a good case to be made that a shift in emerging markets toward accumulating gold would hel... read more

407,000 private sector workers are about to lose most of their pensions. I first wrote about this on April 21, in One of Nation’s Largest Pension Funds (Truckers) Will Reduce Benefits or Go Broke by 2025. The Central States Pension Fund, which handles the retirement benefits for current and former Teamster union truck drivers across various states applied for reductions under that law.... read more

If you have been waiting for “the next Lehman Brothers moment” which will cause the global financial system to descend into a state of mass panic, you might want to keep a close eye on German banking giant Deutsche Bank. It is approximately three times larger than Lehman Brothers was, and if the most important bank in the strongest economy in Europe were to implode, it would instantly se... read more

With gold and silver consolidating recent gains, today James Turk told King World News that there are two possibilities that explain the rise in the price of gold. This is a fascinating read because both explanations may be true. James Turk: “There is a very interesting development taking place over recent weeks in the gold market, Eric. There is a clear but subtle indication of underl... read more