Month: October 2016

This “Old School” (and Really Accurate) Indicator Says the Economy’s Hitting the Brakes

Nowadays, financial news networks spend endless hours of programming around every upcoming jobs and GDP report they can get their hands on.

But only a few of them are actually worth paying attention to – and basing your trading decisions around.

Last Friday, for example, I told you how quarterly earnings reports could confirm the likelihood of another recession by March 2017.

And today, I’m going to give you another indicator that the richest traders use. It’s the “old school” way to know exactly how the economy is doing (in real time) without even turning on your TV.

It tells you whether the U.S. economy is speeding up or slowing down… and that shows you when to set your bullish and bearish trades.

This method dates all the way back to the 1800s.

And it’s as easy as looking out your window…

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The Truth about the “Secret” Currency That Could Replace the U.S. Dollar

With the exception of Wells Fargo (for obvious reasons) and basket-case Deutsche Bank, earnings for the “big banks” have actually been pretty good this quarter.

But they’ve got a much bigger problem right now. According to New York Fed economists, large banks have over $140 billion invested in bad energy loans stemming from the oil crash. And they could be facing astronomical losses.

So it seems as though it’s only a matter of time before the banks go to Hades in a handbasket – and take the rest of the stock market with them.

Now there’s a camp of people who will tell you about a new “cash alternative” that’s the best safe haven for your money.

It hasn’t been fully embraced (yet), but it’s already being called the “new world currency.”

In the past 12 months alone, its transaction volume has increased by 110%.

It’s got the potential to become an $8.2 trillion industry.

But before you ditch your gold bars…

You’ll want to read this first.

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