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By Brian Maher This post Revealed: America’s Actual Debt appeared first on Daily Reckoning. There is absolutely nothing wrong with America’s finances that a miracle couldn’t fix… as the great man said. Last year, the Congressional Budget Office’s crystal ball had the 2017 budget deficit in the mid-$500 billion range. The actual 2017 budget deficit? […]

By Big Al I feel obligated to keep putting this stuff up, but then again “it ain’t over until the fat lady sings” The following is courtesy of The Week Magazine which Big Al personally subscribes to; regularly reads; and, highly recommends. “On Tuesday evening, it cost me $200 to obtain the privilege of sitting

By MN Gordon Simple Classifications Let’s begin with facts. Cold hard unadorned facts. Water boils at 212 degrees Fahrenheit at standard atmospheric pressure. Squaring the circle using a compass and straightedge is impossible. The sun is a star. The sun is not just a star, it is a benevolent star. Look, it is smiling… sort

By Sean McCloskey This post Did My Hippie Aunt Find a Cure for Epilepsy? appeared first on Daily Reckoning. In a small mountain cottage tucked away in the Vermont wilderness, my Aunt Barbara tends to her marijuana plants daily. Her pot use was a never much of a secret. I knew from early on my

By Rob Otman ArcelorMittal (NYSE: MT) is a $31 billion company today. Investors that bought shares one year ago are sitting on a 45.62% total return. That’s above the S&P 500’s return of 22.15%. ArcelorMittal stock is beating the market, and it reports earnings soon. But does that make it a good buy today? To

By Alexander Green Investment analysts – including me – have cited all sorts of reasons for this year’s big move in stocks: low inflation, rock-bottom interest rates, globally synchronized growth, an accommodative Fed, cheap energy and rising corporate profits, to name just a few. But in recent weeks, the market has rallied on something else:

By Jordan Roy-Byrne CMT, MFTA This 8 page flash update was published and emailed to subscribers early Friday morning. The update covered our immediate outlook for the gold stocks, Novo Resources as well as bond yields and their potential impact on Gold. …read more Source:: The Daily Gold The post Flash Update (10/27) appeared first

By analyst By Valentina Ruiz Leotaud In its latest report, BMI Research raised the 2018 aluminium price forecast to $2,000/tonne, from a previous forecast of $1,900/tonne. Increasing demand, particularly from China, explains the shift as it “leads to a deeper-than-previously forecasted market deficit,” says the firm. In the document, BMI goes on to explain that

By analyst By Valentina Ruiz Leotaud Sirius Minerals PLC (LON:SXX) shares advanced around 5% on Thursday as the company sealed a 7-year commercial deal with Wilmar Group, a Singapore listed agribusiness firm, which will have exclusive rights for the use and resale of POLY4 in Indonesia, Malaysia, Vietnam, Thailand, Philippines and Myanmar. POLY4 is the

By analyst By Valentina Ruiz Leotaud A Mi-8 helicopter operated by Russian coal company Arktikugol crashed on Thursday with eight people on board into the sea off Svalbard. According to the rescue service for northern Norway, the helicopter was en route from the Russian settlement of Pyramiden to Barentsburg, where Arktikugol runs a coal mine