Does the Gold Price Spike Mean Trouble Ahead for the Global Economy?

In a recent appearance on Fox News, supply-side economist Arthur Laffer was asked to give his assessment of the global economy after a week of market turmoil due to tariffs and currency devaluation from China. Laffer does not view the United States as having an immediate risk of recession, but he warned that the rest of the world is not doing well economically and this is weighing heavily on the U.S. as well. Laffer then elaborated on what he views as the most worrying signal for global growth: The indicator I see that is a problem, that tells me that

Inflation Ahead? Gold, Bitcoin Price Spikes Signal Weakening Dollar

Today, gold surged to a six-year high following signals from the Federal Reserve that rate cuts could be coming as soon as next month. While some believe that a more dovish Fed would be bullish for economic growth, the recent spike in gold prices offers a more cautionary note. RealClearMarkets editor John Tamny explains: To paraphrase the classical economic thinkers whom supply siders have historically (and rather wisely) sided with, gold is the commodity least influenced by outside influences. Precisely because there’s so much gold stock versus new discoveries of the yellow metal, its price is impressively stable. It’s no

Will the Cryptocurrency Boom Continue in 2018? Here’s One Clue…

In the final days of 2017, Bitcoin captured the attention of global markets when the price of a single digital coin surged to a record-high price around $20,000. While the price of Bitcoin has since pulled back (to around $14,600 today), there is one market indicator that suggests digital assets will remain bullish in 2018 — the price of gold. One cannot overstate the role that ‘bad money’ has played in the explosion of demand for digital assets. Though the mainstream financial press often frames the digital asset boom as a product of blockchain technology’s faster transaction speed or greater