True Economics: 19/10/18: IMF’s Woeful Record in Forecasting: Denying Secular Stagnation Hypothesis

A recent MarketWatch post by Ashoka Mody, @AshokaMody, detailing the absurdities of the IMF growth forecasts is a great read (see https://www.marketwatch.com/story/the-imf-is-still-too-optimistic-about-global-growth-and-thats-bad-news-for-investors-2018-10-15?mod=mw_share_twitter).  Mody’s explanation for the IMF forecasters’ failures is also spot on, linking these errors to the Fund’s staunch desire not to see the declining productivity growth rates (aka, supply side secular stagnation). So, to add to Mody’s analysis, here ...

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Silver Has “Too Many Industrial Uses” for Prices Not to Improve

Peter Megaw of MAG Silver discusses the silver price and speaks about progress at the Juanicipio property, where his company is working in partnership with Fresnillo.  The silver price has struggled in 2018, but like many market participants, Peter Megaw of MAG Silver (TSX:MAG,NYSEAMERICAN:MAG) sees improvement in the white metal’s future. Speaking at the Denver Gold Forum, Megaw, the company’s ...

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Are These Gold Market Fallacies Hampering Your Returns?

Investors who lose money in gold may have fallen for these common falsehoods which can hamper returns. Here are the details… by Avi Gilburt of Elliott Wave Trader The general investment public usually applies the same principles when they choose how and when to invest their hard-earned money. (And we wonder why the general public always gets caught holding the ...

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John Rubino Blog | Gold Is Becoming Cool Again

The sentiment shift is still subtle, but it’s both real and widespread. After a few years of being ignored and/or dismissed as basically useless, gold is cool again, attracting positive comments in the media and increasing accumulation by big investors. India, for instance, imported less gold than usual in the first part of this year but lately has ramped up its ...

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Will Italy Sink Europe? by Jim O’Neill

Italy’s coalition government has been generating headlines with its pursuit of populist economic policies that threaten to leave eurozone fiscal rules in tatters. But before EU authorities respond, they should bear in mind that if Italy does not achieve stronger GDP growth, political conditions there could deteriorate further. LONDON – Despite political turmoil and emerging risks at the global level, ...

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China will ‘compel’ Saudi Arabia to trade oil in yuan — and that’s going to affect the US dollar

China will “compel” Saudi Arabia to trade oil in yuan and, when this happens, the rest of the oil market will follow suit and abandon the U.S. dollar as the world’s reserve currency, a leading economist told CNBC on Monday. Carl Weinberg, chief economist and managing director at High Frequency Economics, said Beijing stands to become the most dominant global ...

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