At the Strategic Investment Conference 2018, Jeff Gundlach said that we’re at a "moment of truth" that could break either way. So, now is not the time to have high conviction about the economy or markets. Showing a chart of the US budget deficit as percent of GDP, Gundlach warned investors about rising deficit without a recession.
Jeff Gundlach at Strategic Investment Conference
The defi...
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Greece’s debt crisis got a lot of attention, but it’s incredibly important to note that from a system standpoint, Greece is not too big to fail. Greece has a GDP that is smaller than that of Dallas-Ft. Worth.
Italy’s, on the other hand, is as large as the Western half of the United States excepting California. Every state, north to south, west of Texas. From Montana down to New Mexico. A...
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Gold prices snapped back Tuesday as the dollar fell. Stock gains — seen as investors took heart in some trade-war pushback and reports of continued talks on the Korean Peninsula — appeared to limit the metal’s upside.
April gold GCJ8, +0.99% gained $8.50, or 0.7%, to $1,328.60 an ounce. The contract has been volatile in recent days considering that gold prices had settled at their lowe...
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We’ve all seen the headlines: the cost of university education in the United States has become completely debilitating. And student debt keeps rising to record high levels.
It’s almost commonplace now for a 22-year old to graduate from university with $50,000+ in student debt.
According to data from the Federal Reserve, the total amount of student debt in the United States is now $1.5 t...
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The illusion of prosperity is not prosperity.
Nobody in the US is saving. The personal savings rate just hit a 12-year low and America’s net national savings rate, taking into account government sector and business savings, is lower still. We’re starting to impose trading tariffs on our trading partners as if we’re the ones in a position of strength; we run a trade deficit with 102 dif...
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Central banks face a challenge getting things right a year or two down the road as they struggle to balance growth and inflation, said Ray Dalio, the billionaire founder of the world’s biggest hedge fund.
The U.S. is further ahead than Europe in the economic cycle, meaning it may cut monetary stimulus and raise interest rates sooner, Dalio, whose Bridgewater Associates manages about $160...
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Gold prices pushed higher Monday, rising as the dollar and bond yields pulled back ahead of a busy week for appearances by Federal Reserve officials.
April gold GCJ8, +0.68% rose $11.90, or 0.9%, to $1,342.20 an ounce, and March silver SIH8, +0.98% rose 21 cents, or 1.3%, to $16.69 an ounce. Gold slipped 1.9% last week, while silver fell 1.3%. Gold’s weekly drop was the biggest since th...
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At 6:40 a.m., Pablo Ruiz squats at the gate of a decaying refinery in Puerto La Cruz, Venezuela, steeling himself for eight Sisyphean hours of brushing anti-rust paint onto pipes under a burning sun. For breakfast, the 55-year-old drank corn-flour water.
Ruiz’s weekly salary of 110,000 bolivares — about 50 cents at the black-market exchange rate — buys him less than a kilo of corn me...
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Gold softened last night in a relatively narrow range of $1325.50 - $1330.80, tripping some long liquidating sell stops below yesterday’s $1328 bottom to reach its low.
Gold was pressured again by a continued rebound in the dollar (DX from 89.68 – 90, 1-week high) after it had plunged to a 3-year low at 88.25 early last Friday.
The greenback was helped by weakness in the yen (107.21 â...
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Bridgewater has shown its hand in Europe with a $22 billion bet against some of the continent's biggest companies, filings reviewed by Reuters show, part of a bigger shift by the world's largest hedge fund manager.
Although data was not available to show whether Bridgewater holds more European stocks than it "shorts" overall, an investor in the hedge fund firm's Pure Alpha Major Markets stra...
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