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5.23.19 - Stable Money Leads To Prosperity

Gold last traded at $1,285 an ounce. Silver at $14.62 an ounce.

NEWS SUMMARY: Precious metal prices rose sharply Thursday on safe-haven buying and a weaker dollar. U.S. stocks fell sharply as U.S.-China trade worries persisted with more companies suspending business with Chinese telecom giant Huawei.

 

 

 

America's Illusions of Growth

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arrow 15544 640America's Illusions of Growth -Project Syndicate
"National politics in the United States has become enslaved to macroeconomic indicators that have little bearing on true wellbeing. For many commentators, the snapshot growth rate of 3.2% for the first quarter of 2019, coupled with a decline in the unemployment rate to 3.6% in April, implies that President Trump's economic policies have been vindicated...

Atlanta Fed Sees Big GDP Slowdown

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gdpAtlanta Fed forecast for GDP growth sliding, rate cut chances surging -CNBC
"A Federal Reserve projection on economic growth just weakened substantially, and expectations for a rate cut over the next eight months got a lot stronger. The Atlanta Fed's closely watched GDPNow tracker is pointing to a 1.1% gain for the economy in the second quarter, according to a revision posted Wednesday.

Stumbling Into a Surveillance State

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big brother 4134505 640We’re Stumbling Into a Surveillance State -New York Times
"Cameras are the defining technological advance of our age. They are the keys to our smartphones, the eyes of tomorrow’s autonomous drones and the FOMO engines that drive Facebook, Instagram, TikTok, Snapchat and Pornhub...And cameras aren't done. They keep getting cheaper and - in ways both amazing and alarming - they are getting smarter.

Fears of War with Iran are Rising

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Iranian Troops in Forward Trenches during Iran Iraq WarFears of war with Iran as US orders staff out of Iraq immediately -Metro
"The US embassy in Iraq said the state department has ordered all non-essential, non-emergency government staff to leave the country right away amid escalating tensions with Iran. The alert, published on the embassy's website, comes after Washington last week said it had detected new and urgent threats from Iran and its proxy forces in the region targeting Americans and American interests.