But while the dumb money has its eyes on the stock market, the smart money is watching the economy.

Bill Bonner writes that the markets are clearly in a deflationary downturn.

The week-long stairstep decline in the SPDR Gold Shares (GLD) has the right look of a completed correction.

We are coming to a critical inflection point, perhaps the most critical point that we have had in 70 years for the US and to a great extent the global economy.

James Mound reviews futures and commodities in his weekly report for the week of June 8.

Monetizing the debt is precisely what the Fed will do.  But it will not do so precisely.

Americans are in the habit of spending huge amounts of money with no intention of ever paying it back.