In the wake of his rock star reception at Madison Square Garden last Sunday, Prime Minister Narendra Modi emphatically announced to our nation’s top corporate and political leaders that India is now open for business.
Oil and gas is getting bigger, deeper, faster and more efficient, with new technology chipping away at “peak oil” concerns. While hydraulic fracturing has been the most visible revolutionary advancement, other high-tech developments are keeping the ball rolling.
Clean 1+ carat colorless synthetics are hitting the market for the first time, and with a consistent stream of recycled polished making their way back into the market, the dynamics of diamond supply may forever be changed.
The sad fact is that the economic reality for the average family is far worse today than it was ten years ago… even fifteen years ago, and the trend of declining wealth is firmly in place. The youth need higher paying jobs and the retirees need yield.
There are important reasons why these numbers may be off that I have been warning you about all year. The problem arises with the seasonal adjustment process that the government has been using for the last several decades.
Many investors get caught up in various manias and when the craze strikes, investment diversification is forgotten. History is littered with bubbles that brought riches, but only for a short period of time.
Recent price action suggests that hard times may be over for this hardest of all assets. Despite repeated attempts, the yellow metal has failed to break down below the $1,500 support level that I have been broadcasting as the line in the sand.
In an economic environment such as the current one, it may be necessary to hold precious metals as a store of value in order to preserve wealth, however income producing capital investments are necessary for growth over the long run.
With a perfect storm brewing on the horizon, investors should be building their cash cache and running for cover, warns the author of The Great Crash Ahead. How is Dent preparing for the gathering storm?