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7.16.19 - Recession fears rise for middle-class families

Gold last traded at $1,411 an ounce. Silver at $15.67 an ounce.

NEWS SUMMARY: Precious metal prices traded mixed Tuesday on mild profit-taking and a firmer dollar. U.S. stocks slipped after President Trump said trade progress between China and the U.S. has a 'long way to go'.

 

 

 

How to Heal Our National Divisions

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640px Patriot Prayer vs Antifa protests. Photo 7 of 14 25095097808Healing the Divisions in Our Country -New York Times
"Love your enemies? In this America? 'Maybe this seems impossible to you,' writes Arthur C. Brooks in Love Your Enemies: How Decent People Can Save America From the Culture of Contempt. 'You might say: ‘There are some people who are simply beyond the pale. There are millions of awful people in this country who advocate ideas we cannot tolerate. They deserve our contempt, not our love!' I have heard this sentiment from serious journalists, respected academics and mainstream politicians.

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Trade: US And China On Collision Course

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ChinaUSWAR"Nothing Was Solved In Osaka - The US And China Remain On Collision Course" -Blain/Zero Hedge
"Trump vs Xi agreed to resume trade negotiations. No more tariffs, but the old ones still in place. Huawei ban to be reconsidered. Trump also met Kim in the DMZ. It was also the end of H1 2019, with stock markets posting their most impressive gains since 1997 even as bonds proved the top returning assets - which should have everyone wondering and worrying how! I reckon that puts us in a very interesting position for the next 18 months.

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Why 2019 Has Been Gold's Time to Glitter

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wood metal product bank gold savings 1023718 pxherecom5 reasons why 2019 has been gold's time to glitter -Yardeni/Marketwatch
"June was a good month for gold, which made for a strong first-half of the year for the precious metal. The price of gold rose 10% from $1,280.30 per ounce at the end of 2018 to $1,409.00 at the end of last week. Gold jumped 9% in June. It finished the month at its second-highest level since May 2013. Why has this been gold's year? And what happened in June?...

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Why Both Political Parties Favor Inflation

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board 1193333 640Why Both Political Parties Favor Inflation -Bonner/Bonner And Partners
"We've been pulling on threads for the last two weeks. Today, we try to knit them together. First, we observed that 'stimulus,' no matter what they call it, is really just a form of inflation. Whether the feds run deficits, push rates down, offer tax cuts, or buy bonds - the idea is always the same… to put more money in play...When the president says the Federal Reserve should cut rates, for example, he is just calling for more inflation. Without it, he believes, bad things will happen....Republicans, Democrats, socialists, conservatives, communists, Bolsheviks, and Trotskyites - now, everyone seems to believe it… and they're even ready to rig the most important price in capitalism - the price of capital itself - to prove it....

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Border Patrol Responds to Desperate Cases

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41865916240 8a072d4650 zIn the Arizona Desert, an Elite Border Patrol Unit Responds to Desperate Cases -Wall Street Journal
"Of the many ways migrants end up in Border Patrol custody, this is among the most desperate. The unit of 200 agents called BORSTAR stationed along the border are all trained EMTs, and they rescue people who are stranded in the mountains, caught in swift moving water, in medical need, or dial 911, a call people tend to make only in the most dire state, the agents say.

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