America Looks Richer Than Ever. What Happens When The Fed's Asset Bubble Bursts?

US Tungsten Scrap Export Ban Takes Effect As Global Supply Crisis Deepens The Trump administration's export halt on tungsten scrap and shredded battery material took effect Thursday as the latest effort to retain critical supplies within the US. The measure comes as the US confronts a tungsten-supply crisis marked by limited to nonexistent domestic mine production and years of alarming dependence on China-dominated supply chains, even as Beijing increasingly uses critical-mineral exports as geopolitical leverage and curtails shipments abroad. The Commerce Department directive prohibits exports of tungsten scrap and so-called black...

To quote James Carville, “Its the economy stupid!” On Monday I wrote: So the question we ought to ask is why did Donald Trump blink and accept the proposal that Iran proffered way back in April? I think there are several reasons, but the principal one is that the US is running out of oil, […]