With the Dow surging back above the 26,000 level, what is happening in the U.S. hasn’t been seen in 50 years.

We Haven’t Seen This In 50 Years
September 13 (King World News
) – Here is a portion of what Peter Boockvar wrote today as the world awaits the next round of monetary madness:  
Initial jobless claims totaled 204k, 6k less than expected and little changed from 205k last week. These are the lowest levels since the late 1960’s. The 4 week average is now down to 208k for reasons we all know in the context of an extremely difficult labor market in terms of finding the right employee for the positions available.

Jobless Claims At Lowest Level Since 1960s

As expected, Mario Draghi slightly trimmed its GDP forecasts for this year and next by one tenth. The 2018 estimate is now 2% and the 2019 is 1.8%. They did though hold their inflation forecasts at 1.7% for this year and next. He was pretty confident in achieving these forecasts as he said “domestic costs pressures are strengthening, broadening” and that “uncertainty around inflation outlook is receding.”

KWN receives so many emails from its global readers and listeners about which high-quality mining companies they should invest in, and as a result we have added another remarkable company to the list.  This is one of the greatest gold opportunities in U.S. history and you can take a look at this remarkable company and listen to the just-released fantastic interview with the man who runs it by CLICKING HERE OR BELOW


He also cited rising wages. At the same time he laid out the economic risks in response to tariffs and emerging market weakness. The ECB repeated that QE will get cut again by 50% in a few weeks and end by year end. The current level of negative interest rates will remain in place thru the summer.

Here is a chart again of the Euro STOXX bank stock index.

Scorched Earth Policy
Banks are supposedly the transmission mechanism for Draghi’s policy but he can’t seem to acknowledge the broken connection. He said today it’s not the central banks job to protect bank and insurance company profits. Scorched earth monetary policy in order to achieve ‘price stability.’

***KWN has now released the fascinating audio interview with Dr. Stephen Leeb and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.

ALSO JUST RELEASED:  This Is About To Trigger A Major Short Squeeze In The Gold & Silver Markets CLICK HERE TO READ.

© 2018 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the articles is permitted and encouraged.