by Martin Armstrong, Armstrong Economics: The Black Sea is rapidly becoming too dangerous for international commerce. Commercial vessels have been attacked near Romania, Bulgaria, Ukraine, and Russia within days of one another. Ships carrying agricultural products and petroleum are being dragged into a war. Politicians seem to forget that global trade depends on moving goods […]

by Mish Shedlock, Mish Talk: Let’s discuss gold imports and exports, trade data, and the impact on GDP. Nonmonetary Gold Definition Nonmonetary gold is any gold that is not owned by a central bank or government monetary authority. It includes private investment bullion bars, coins, and raw gold dust traded by individuals, corporations, and commercial […]