It’s time to lean back, relax and enjoy a little Joe …
Welcome to another exciting edition of Black Coffee, your off-beat weekly round-up of what is going on in the world of money and personal finances.
I still have a busy weekend ahead, so let’s go immediately with this week’s comment …
Waiting is the most difficult part.
– Tom Petty
Credits and depreciation
Credit: Have you seen this? Last month the American housing market canceled deals and drawn entries Stretch to their highest levels in almost a decade. The sale of existing houses dropped in June to a seasonal on average percentage of 3.9 million-that is a low of nine months in which is usually the busiest season of the housing market. In fact, 15% of all houses that went under contract last month fell – that is the majority of the canceled deals that will go back to 2017 in June. It’s okay, people. Nothing to see here. Uh … or here:
H/T: @kenneth_Dredd
Debit: A crystal market is not the only bad news for Main Street-Nou Yes, at least those who recently bought a too expensive house. That’s because the latest USDA Cattle report shows 94 millionThat is the lowest level since 1973. As a result, the shrinking herd -size of the nation has pushed the prices for shops in the Mod Shop Shops to register highlights. The average price for a single pound of ground beef is now $ 6.12. The good news is that the American GDP figure was scorch Last quarter …
To be honest, we start to make the cook in step 3 too friends. And even step 2 results in a strict warning.
Debit: In other news, the US government has spent $ 1.7 billion So far to deliver alone 250 electric trucks For the US Postal Service (USPS), which means that those trucks taxpayers cost at least $ 6.8 million each. Sheesh. It seems that the USPS has been robbed. And on a related comment …
Gary Larson – The other side
Debit: As if that wasn’t bad enough, the USPS is still waiting for the remaining 44,750 trucks, which should be by 2028. With the current delivery percentage, the government will take another 539 years – and who knows how much more money – to complete their order. Eh … assuming that the entire government program will not be brought to the basement and outfall First.
Debit: Of course, these omnipresent government gondogles are only possible because the “almighty dollar” is a debt -based currency that can be released freely. But because there is no such thing as a free lunch in what the MMT irons are said to be that continuous currency prints is the most important reason for the relentive loss of purchasing power of the US Dollar (USD), as well as the cause of our slow decrease in the residential standard. Unfortunately for us mortals, The Fed can always print more Currency – but we can’t print any more time …
Credit: Macro analyst Alasdair Macleod: “Perceptions of currency risk Stimulate the proceeds from the government bonds, no assumptions that central banks continue to control interest rates and bond returns. Initially it is a concern for foreign holders of dollars and underlying financial instruments and investments of a total of around $ 40 trillion, a third more than the American GDP. “Unnecessary to say that the Fed is in a binding, so it is rumor that the next Fed chair is this Boy …
Credit: Here is the rub, as summarized by Goldfish graphs: The uncomfortable reality is that “just like the US buy his own bonds by printing, pushing gold up-like in stablecoins will also be gold constantly higher. It is the ever-increasing debts without attempting to increase it. That system fails And stablecoins are the next (scam). And Lord knows that there have been a lot of Of similar scams lately …
H/T: @trendspider
Debit: By the way, this supports MacLeod’s prediction that the perceptions of the currency risk “will spread from foreign investors to domestic institutions, which will realize that if the Fed is forced to lower interest rates in the case of a domestic financial and economic crisis, the USD will already fall in Asia. Fiatcurrencies for the safe home for the Safe Haven for the Safe Haven for the Safe Haven of Gold. ” In the meantime, here in the west, do not shout investors to buy silver that does not exist. No, really. As if That is going to end well …
H/T: @stockcats
Debit: The silver supply is Don’t keep up with the questionBecause the silver mine supply has fallen by 7% since 2016. It is no coincidence that analysts predict that the global silver market will remain in a shortage for the seventh consecutive year in 2025, so that the prices are put on an upward pressure. Together with gold, silver has set impressive profits. In fact, Silver Bullion won 25% for the first six months of 2025, after the 21.5% in 2024.
Graph: Sprott
(For those of you who have skipped the chemistry: au = gold, ag = silver, cu = copper, u = uranium.) H/t: @duediligenceguy
Debit: Silver remains undervalued compared to gold and open it for a considerably upward potential. On average, gold has traditionally been priced 53 times The price of silver. With the current ratio in the vicinity of 90, Silver sells with a strong discount to gold. Furthermore, silver is mined with only a ratio of 7: 1 compared to gold. The good news is reversal to mean is almost guaranteed.
Credit: According to Sprott Macro analyst Paul Wong: “Historically speaking, Silver served as a store in value in crisis testing – just like gold – but with the extra benefit of being considerably more affordable And accessible. “As a result, Wong says that” Silver resident the fame as a trusted safe haven in the current environment of elevated geopolitical tensions, inflationary pressure and financial instability. “And for a good reason.
The poll results from last week
Are your children on the right track to get rid of financially than you?
- At this point it is a shot. 33%
- Some, but not everything. 24%
- No. 22%
- Yes. 21%
More than 2000 Len Penzo Dot com readers responded to last week’s question and it appears that the American dream is clearly not certain that it used to be. Let’s hope things will eventually turn around. Returning to a monetary system based on sound money, instead of debt-based Fiat currency would be a long way to recover what was once considered a generation of birthright.
This week’s question was provided by the reader Frankly. As You Have a question that you would like to ask the readers here, send it to me Len@lenpenzo.com And make sure you place “question of the week” in the subject line.
The question of the week
By the figures
Since we are officially from August, let’s look at the year-to-date version (up to and including 31 July) of some selected large asset classes:
-7.2% 10-year US Treasury Proxy (TNX)
-4.1% Russell 2000
+3.7% Dow Industrials
+7.8% S&P 500
+9.4% Nasdaq Composite
+25% Gold
+26% Silver
+48% GDX (Gold Miners ETF)
+51% Sil (Silver Miners ETF)
Source: Yahoo! Finance
Useless news: good question
(H/T: GLH)
Squirrel
As you can see, the squirrels were on vacation this week …
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More useless news
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Letters, I get letters
Every week I have the most interesting question or comment – assuming that I get one, that is. And people who are lucky to have the only question in the mail bag, get their letter here emphasized whether it is interesting or not! You can contact me at: Len@lenpenzo.com
This week I have some exciting news of it Francis EgoyiboFrom the office of the Accountant General:
The Auditor General for the Land West Africa has established that you owe $ 9,241,000.66. We would like to know how you want to be paid …
Great! Send a check for the entire amount to the IRS as a advance tax payment on my future income.
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I am Len Penzo and I approved this message.
Photocredit: Public Domain
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