10.18.19 - Darkening Outlook for U.S.-China Trade Deal

Gold last traded at $1,494 an ounce. Silver at $17.57 an ounce.

NEWS SUMMARY: Precious metal prices traded steady Friday on a weaker dollar. U.S. stocks fell amid weak overseas data while Netflix led Big Tech shares lower.

 

 

 

Desperate Bankers Grab for More Power

348px Central Bank of Brazil348px Central Bank of Brazil courtesy Senado FederalDesperate Central Bankers Grab for More Power -Ellen Brown Blog
"Conceding that their grip on the economy is slipping, central bankers are proposing a radical economic reset that would shift yet more power from government to themselves. Central bankers are acknowledging that they are out of ammunition. Mark Carney, the soon-to-be-retiring head of the Bank of England, said in a speech at the annual meeting of central bankers in August in Jackson Hole, Wyoming, 'In the longer-term, we need to change the game.'

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Market's Eerie Parallels to Sept. 2007

stock market 2616931 640Stock market's eerie parallels to September 2007 should raise recession fears -Marketwatch
"Since last year real GDP growth in the U.S. has been slowing. The chair of the Federal Reserve has been signaling that while growth is slowing, there is no recession risk and the Fed is forecasting continued positive growth. Warning signs in the economy, including an inverted yield curve, have been ignored and stock markets continued to make new highs in July.

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