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6.13.19 - CFOs Bracing For 2020 Recession

Gold last traded at $1,343 an ounce. Silver at $14.89 an ounce.

NEWS SUMMARY: Precious metal prices rose again Thursday on safe haven buying despite a firmer dollar. U.S. stocks rose, lifted by gains in Disney and energy shares, despite geopolitical tensions in the Mid-East.

 

 

 

House Passes Retirement Reform Bill

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piggy bank 2889046 640House Passes Bill Making Big Changes to U.S. Retirement System -Wall Street Journal
"Americans could see the most significant changes in more than a decade to their retirement plans under legislation the House of Representatives passed Thursday, with measures designed to make it easier for employers to offer 401(k)-type accounts and for participants to convert their balances into a steady lifetime income....

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"Sea Of Red": S&P, Bonds Tumble

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graph 3078539 640"Sea Of Red": S&P Futures, Bond Yields Tumble As All Out Trade War Becomes "Base Case" -Zero Hedge
"Yesterday's modest selloff has become an all-out rout, dragging world stocks lower for 4 of the past 5 days, with US equity futures tumbling and global markets a 'sea of red' as fears grow that the China-U.S. trade conflict is fast turning into a 'technology cold war' and as Wall Street's denial is finally shifting to acceptance that a lengthy, all-out trade war is now inevitable, and the only way out and for someone to concede is for markets to plunge.

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Capitalism: We Need More of It!

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Capitalism vs SocialismThe Problem With Capitalism? We Don’t Have Enough of It. -Institutional Investor
"The economic engine we have in place today has for decades produced virtually no increase in wealth for the majority of earners. According to information pulled from the Federal Reserve, the median net worth of the bottom three quintiles of families declined in inflation-adjusted dollars from 1998 until 2013, tumbling by 20 percent or more.

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