Financial Markets

What looks like market strength may be a delayed reckoning. Mark Thornton explains the signals, the Fed’s playbook, and where the next bust is likely to hit first.

There is no shortfall of liquidity in financial markets. In fact, there is so much that inflation has become a way of life for market participants. This is not a good thing.

There is no shortfall of liquidity in financial markets. In fact, there is so much that inflation has become a way of life for market participants. This is not a good thing.

War should be good for gold, so why is it falling while oil climbs? Mark Thornton explains.

The old saw that when one has a hammer, everything else is a nail certainly applies to a new book by Oliver Bullough on so-called money laundering. Joakim Book sets the readers straight.

The old saw that when one has a hammer, everything else is a nail certainly applies to a new book by Oliver Bullough on so-called money laundering. Joakim Book sets the readers straight.

Gold and silver whip around with war and liquidity stress, while the Fed quietly rolls out “emergency” support. Mark Thornton explains what’s driving the moves.

Mark Thornton explains the gold and silver selloff.

Government debt is junk investment, but the markets treat it as gold. That is because government greases the skids, keeping its paper from the market discipline that private investments experience.

As investors become squeezed as the economy tightens, they look toward the government to provide them with even more cheap credit. Ordinary Americans are paying for these unsound policies.