Harvey, Irma, Jeopardy, and Knox - Gary Christenson

Sep 13 16:09 2017 Print This Article

September 13, 2017

It’s simple: H – I – J – K tells the story.

Harvey: Estimate $100 billion in damages from

Hurricane Harvey. Insurance helps some and costs others. As a nation it

still hurts by $100 billion.

Irma: Estimate $100 billion in damages from

Hurricane Irma. Insurance helps some and costs others. As a nation it

still hurts by $100 billion.

Jeopardy – Triple: Debt, Deficits and the Dollar. Debt up, dollar down!

Debt and Deficits: The

hurricanes will cost the U.S. government and economy many $ billions and

increase the national debt and deficit. There is no plan to reduce

other spending to compensate. Just borrow baby! Borrow more and more.

What could go wrong? Spending is out-of-control, and that was before two

Hurricanes and before the U.S. ramps up military spending, more wars,

Read More

About Article Author

Sprott Money

Established in February 2008, Sprott Money Ltd. is a leading precious metals wholesale, institutional and retail dealer selling gold, silver and platinum bars, coins and wafers online and over the phone. Sprott Money's storage program gives clients the ability to store their precious metals in multiple storage facilities located in Canada, the United States and internationally. Sprott Money Blog, which covers world events, geopolitics and of course precious metals.

Related Items

Don’t Invest Like Stalin

I always try to read everything that Jeremy Grantham’s GMO publishes, but I somehow missed this one until it was republished on Meb Faber’s Idea Farm. Good stuff: Don’t Act Like Stalin. Lot’s of good takeaways (as always). GMO’s main point was that chasing recent performance is a game yo ...

Venezuela Preparing to Launch Petro Cryptocurrency

Venezuela will launch a pre-sale of its commodity-backed “petro” cryptocurrency on Tuesday. President Nicolas Maduro hopes the country’s own digital currency will help it to make financial transactions and get around Western sanctions. Both the United States and the European Union have imposed ...

Market has you on edge? Sit tight with the ‘CATS’

(Flickr) The markets caught a bout of volatility in the last two weeks.  A sudden downdraft led to breathless headlines of impending doom followed by a bounce back. Overall, stocks have been on a long bull run since the U.S. market bottomed in 2009.  But the aging bull market comes with lofty v ...

How to find stocks that are financially solid

A strong balance sheet helps good stocks measure up. (Flickr) What are we looking for? Canadian stocks that show strong balance sheet characteristics The screen  If you were given the offer to buy out a company, you likely wouldn’t accept without first doing research – or at least hopefully ...

GBP/USD – Pound Dips at Start of Week

The British pound is trading quietly in the Monday session. In North American trade, GBP/USD is trading at 1.4002, down 0.21% on the day. On the release front, there are no US events, with US markets closed for Presidents’ Day. In the UK, Rightmove HPI gained 0.8%, its strongest gain in four mont ...

USD/JPY – Yen Edges Lower in Thin Holiday Trade

The Japanese yen has posted slight losses in the Monday session. In North American trade, USD/JPY is trading at 106.54, up 0.23% on the day. On the release front, there are no US events, with US markets closed for Presidents’ Day. In Japan, the current account surplus jumped to JPY 0.37 trillion i ...

ExxonMobil Acquires Stake In BTC Oil Pipeline

ExxonMobil Corp. (NYSE: XOM) has acquired 2.5% stake in the Azeri Baku-Tbilisi-Ceyhan (BTC) pipeline from CIECO, a subsidary of Itochu, an ExxonMobil official said Feb. 19. "ExxonMobil became an owner of 2.5% stake in the BTC project in November 2017," Aygun Tanriverdiyeva, an ExxonMobil official in ...

Macro Briefing: 19 February 2018

Russia issues warning to US on Syrian conflict: BloombergWill tax cuts help GOP retain control of Congress in elections this fall? ReutersUS consumer sentiment jumps to 2nd highest level in 14 years: MarketWatchImport prices for US up more than forecast in January: WSJAre commodities a worthwhile h ...

Gold Trading Sideways in Thin Holiday Trade

Gold prices are trading sideways in the Monday session. Currently, the spot price for an ounce of gold is 1347.25, down 0.02% on the day. There are no US releases on Monday, as bank and stock markets are closed for Presidents Day. Volatility in the stock markets last week translated into gains for s ...

Silver Is The Secret To Investment Success

Looking for a silver bullet to investment success? Silver is in a position to make some incredible gains in price in the near future, far more than gold. Precious metals are generally undervalued, but silver, with a spot price around $16, could easily double or triple in value as a combination of fa ...

Why the Debt Ceiling Means Nothing, Yet Everything - Nathan McDonald (16/02/2018)

February 16, 2018 Over the past month, we have heard a growing roar of dissent and fear as people within the United States and around the financial world worried about a rapidly approaching deadline. A deadline, that if reached, would spell disaster for all! This deadline—self-imposed by Congress ...

Patrick Brown And The Abuse Of Principles - Loonie Politics

  So after railing for months on this here website about the clear and present  This content is restricted to subscribers The post Patrick Brown And The Abuse Of Principles appeared first on Loonie Politics. ...