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~ Quotables ~ "There is no clean way to make a hundred million bucks. Somewhere along the line guys got pushed to the wall, nice little businesses got the ground cut out from under them. Decent people lost their jobs. Big money is big power, and big power gets used wrong. It's the system."~ Raymond Chandler, The Long Goodbye
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Category Archives: Double Eagle Headlines
Gold price holding steady following mixed U.S. housing construction numbers Gold prices are holding gains above $1,600 following mixed construction activity in the U.S. housing sector picked up in January. Commerce Department said on Wednesday that U.S. housing starts fell … Continue reading
10:25 a.m. (EST), February 17, 2020: Pier 1 Imports Files for Chapter 11 Bankruptcy Pier 1 Imports has filed for bankruptcy with plans to sell the company, less than two months after the troubled home-decor retailer said it planned to … Continue reading
This turbocharged debt cycle will end miserably — it’s just a matter of when It is clear that it would have been a very hard sell a year ago that every single risk-on asset class from equities, to corporate bonds, … Continue reading
The State of the American Debt Slaves Consumer debt – student loans, auto loans, and revolving credit such as credit cards and personal loans but excluding housing-related debts such as mortgages and HELOCs – jumped by $187 billion in the … Continue reading
Fake News And The “Healthy Economy” Myth The “narrative” architects and fairytale spinners are desperately looking for evidence to fit their “consumer is still healthy / economy still fine” propaganda. The hype over strong holiday sales was premature if not … Continue reading
‘Godfather’ of technical analysis says stock downturn is going to get worse ‘I am looking at a 10% drop maybe a little bit more’. “The market itself was stretched, which is true, so we were begging for some kind of … Continue reading
Gold, silver see solid gains as coronavirus scare intensifies Gold and silver prices are solidly higher in midday U.S. futures trading Thursday, on safe-haven demand. Marketplace focus Thursday is squarely back on the coronavirus outbreak that is spreading and which … Continue reading