Gold is Not a Function of the US Dollar Nor is Gold an Inflation Hedge
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Gold is Not a Function of the US Dollar Nor is Gold an Inflation Hedge

Via MishTalk Three Points December 2004: US Dollar Index 108, Gold $435 April 2009: US Dollar Index 108, Gold $883 November 2014: US Dollar Index 108, Gold $1182 Gold vs Trade-Weighted Dollar Index 1973-Present While gold generally moves opposite the dollar in day-to-day fluctuations, long term impacts are nonexistent. Here is the chart with the...

Trump Wants to Buy Greenland from Denmark
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Trump Wants to Buy Greenland from Denmark

Via MishTalk The headline sounds like it’s from “The Onion” but Trump seems serious. ​ The Walls Street Journal reports President Trump Eyes a New Real-Estate Purchase: Greenland. In meetings, at dinners and in passing conversations, Mr. Trump has asked advisers whether the U.S. can acquire Greenland, listened with interest when they discuss its abundant...

Tale of Two Economies: Industrial Production vs Retail Spending
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Tale of Two Economies: Industrial Production vs Retail Spending

Via MishTalk Tale of Two Economies – Retail Sales Earlier today, in Eat, Drink, and Be Merry Shopping at Amazon I noted retail sales unexpectedly surged 0.7% in July fueled by Amazon, food, and drinks. Tale of Two Economies – Manufacturing The Fed’s Industrial Production and Capacity Utilization for July shows a completely different picture....

“Zero Has No Meaning” Says Greenspan: I Disagree, So Does Gold
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“Zero Has No Meaning” Says Greenspan: I Disagree, So Does Gold

Via MishTalk Negative Yields “No Big Deal” Former Fed Chair Alan Greenspan sees No Barriers to Prevent Negative Treasury Yields. Former Federal Reserve Chairman Alan Greenspan says he wouldn’t be surprised if U.S. bond yields turn negative. And if they do, it’s not that big of a deal. “There is international arbitrage going on in...

Trump Chickens Out, Delays Trade War Tariffs to Save Holiday Season
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Trump Chickens Out, Delays Trade War Tariffs to Save Holiday Season

Via MishTalk Trump changed his mind. So, what else is new? The Wall Street Journal reports U.S. Retreats on Chinese Tariff Threats, Stocks Soar. The Trump administration abruptly offered China—and U.S. consumers—a reprieve from sweeping tariffs that were poised to hit on Sept. 1, sending stocks sharply higher and raising hopes for reviving stalled-out talks...

54% Say the Prime Minister Should Deliver Brexit by Any Means
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54% Say the Prime Minister Should Deliver Brexit by Any Means

Via MishTalk A tipping point has been reached. UK citizens are so sick of Brexit delays they just want Prime Minister Boris Johnson to get it over with. The Telegraph reports Boris Johnson has Public’s Support to Shut Down Parliament to Get Brexit Over the Line. The ComRes survey for The Telegraph found that 54...

Loadsmart and Starsky Make First Start-to-Finish Autonomous Truck Delivery
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Loadsmart and Starsky Make First Start-to-Finish Autonomous Truck Delivery

Via MishTalk TruckingInfo reports Loadsmart and Starsky Robotics Make First-Ever Digital Freight Delivery Via Autonomous Truck According to the two companies, the integration of Loadsmart’s AI-powered pricing and load matching technology with Starsky’s API meant no human intervention was required. The historic initiative is part of a larger strategic partnership which paves the way for...

Jeffrey Epstein Commits Suicide: Questions Abound
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Jeffrey Epstein Commits Suicide: Questions Abound

Via MishTalk Despite having attempted suicide once already, Epstein somehow was not on suicide watch. The result is as I expected Jeffrey Epstein Dead in Suicide at Manhattan Jail, Officials Say. Jeffrey Epstein, the financier who was long dogged by accusations of sexual abuse of girls and who was able to cultivate a stream of...