8.14.19 - 311 Days: Recession Countdown Begins

Gold last traded at $1,527 an ounce. Silver at $17.28 an ounce.

NEWS SUMMARY: Precious metal prices shot up Wednesday on safe-haven buying and recession fears. U.S stocks fell sharply after the U.S. bond market flashed a troubling signal about the U.S. economy.

 

 

 

Gold Prices Top $1,500 -Wall St. Journal

Written by Staff Writer

gold is money 2430051 640Gold Tops $1,500 -Wall Street Journal
"Gold prices topped $1,500 a troy ounce for the first time in six years, driven higher by a drop in bond yields and investors’ flight from global stocks...Prices traded as high as $1,522.70 a troy ounce earlier in the session. Stoking the gains are renewed concerns that an intensified trade war between the U.S. and China will hurt already fragile global growth.

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An Email From The Fed: Time To Panic?

Written by Staff Writer

iphone 393080 640When You Get An Email Like This From The Fed, It May Be Time To Panic -Zero Hedge
"Yesterday, in a lengthy article referencing the ongoing dollar and funding liquidity collapse as a result of the aggressive rebuild of the Treasury's cash balance from $133BN to $350BN in the aftermath of the debt ceiling deal, we said "Forget China, The Fed Has A Much Bigger Problem On Its Hands."

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Aging Population: Bad for the Economy?

Written by Staff Writer

emotional 50309 640Is an aging population actually bad for the economy? -The Week
"Birth rates have been falling for decades, not only in America but around the world, which now means the amount of older people is growing in proportion to many nations' working-age populations. Pretty much everyone on both sides of the aisle assumes that's bad for national economies. Conservatives rely on this assumption to argue for higher birth rates, liberals rely on it to argue for more immigration. But what if the assumption is wrong?

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China Trade Battle Intensifies, Stocks Slide

Written by Staff Writer

graph 3078540 640Stocks Slide as Trade Battle Intensifies -Wall Street Journal
"Stocks were pummeled by selling Monday, pushing indexes from New York to Shanghai lower, as the yuan reeled and fresh trade threats between Beijing and Washington raised fears of an economic slowdown. Stocks elsewhere retreated, with benchmark indexes in Europe, Japan and Hong Kong falling at least 1% apiece.

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