Dateline: December 4, 2018

BREAKING – 4:12 p.m.: Stocks Slide, Yields on Treasurys Fall as Trade Jitters Return
The Dow Jones Industrial Average fell nearly 800 points and bond yields plummeted, as investors’ doubts over the trade truce struck between the U.S. and China renewed anxieties about the pace of economic growth.

Investors broadly retreated from stocks, with industrial stalwarts like Boeing and Caterpillar suffering steep losses. Apple and other technology companies also slid, pulling the Nasdaq Composite back more than 10% below its August high…. (Continue to full article)

BREAKING – 1:58 p.m.: Dow Falls 800 Points Amid Concerns Over Slowing Economic Growth
The Dow Jones Industrial Average tumbled more than 800 points as investors scrutinized the merits of a trade truce struck between the U.S. and China and investors also worried about the pace of U.S. growth… (Continue to full article)

This theory suggests an unsettling event will occur in the stock market
For 100 years optimists have carried the day in U.S. stocks. Even in the dark ’70s, many professional money managers, and many individual investors too, made money in stocks, especially those of smaller companies. We’re due for a prolonged bear market… (Continue to full article)

Bitcoin is close to becoming worthless
Just one year has passed since bitcoin enthusiasts forecasted that the cryptocurrency would hit a price of $1 million. But that was then. With the price of bitcoin having fallen almost 80% from its peak, and now trading well-below the support level of $6,000, everyone is wondering where it goes from here. Bitcoin is now entering a death spiral… (Continue to full article)


The Psychological Bubble That Has Been Propping Up The U.S. Economy Is Starting To Implode
Optimism can be a very powerful thing. For a long time Americans believed that things would get better, and that caused them to take action to make things better, and that actually resulted in things moving in a positive direction. But now things have abruptly shifted. In late 2018, an increasing number of Americans believe that an economic downturn is coming, and they are taking action… (Continue to full article)

Encouraging News in Gold, and Some Precise Targets
Gold continues to make headway in herky-jerky fashion, failing to satisfy bulls but also denying bears something to cheer about. On Monday, the February Comex contract rallied to within a millimeter of the 1240.20 Hidden Pivot target shown. The pullback so far has been mild, encouraging the thought that the next pop will be good for a ride to 1259.80… (Continue to full article)

Why gold is better than cash
The world-wide accumulation of hoarded wealth in the form of gold and silver ingots, coins and jewellery has been growing at an accelerating rate over the last thirty years. This has compromised the central banks who were actively suppressing the price: the result is that large amounts of gold and silver have passed from governments to private individuals… (Continue to full article)

ALERT: Congressman Threatens to Bomb Gun Owners Who Don’t Submit to Gun Control
Former government prosecutor and current congressman Eric Swalwell would love the chance to prosecute and imprison millions of Americans who fail to turn in their guns.. (Continue to full article)

INVESTMENT DEMAND: Still The Largest Growth Sector In The Silver Market
Even though interest in precious metals has fallen over the past few years, investment demand is still the largest growth sector in the silver market. Yes, it may be hard to believe, but physical silver investment has grown the most since the 2008 financial crisis compared to the other sectors… (Continue to full article)

Life, Liberty & All That Jazz may also be heard at 1:00 p.m. (Eastern Time) for each Tuesday through Friday on The Micro Effect. Topics covered will those of an economic nature, in addition to Health, the debacle in our public education system, and other issues.

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