Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Major central banks meet this week to assess risks from the new Omicron variant of the coronavirus even as they consider reducing emergency measures put in place nearly two years ago to fight the pandemic's economic toll.
Senate Democrats are seeking to increase the debt limit by $2.5 trillion, which would fund the government through early 2023, according to a Joint Resolution released on Tuesday.
Dec 14, 2021 - 07:30:04 PST
They seem to be empowered to fundamentally change the country by implementing big-government social welfare & inefficient green energy programs by spending a lot of the taxpayers’ money now & into the future to pay for a bunch of “free stuff.” They are also adopting policies that will harm pharmaceutical research and development, as well as generic & biosimilar manufacturing, which will move the country further toward government-run healthcare.
Dec 14, 2021 - 07:27:26 PST
Enough with the budget gimmicks. It's time for Democrats to admit that Biden's proposal is a long, long way from being fully paid for.
China is slowing rapidly as noted by official statements of ‘threefold pressure’ and a need for stability.
Dec 14, 2021 - 07:06:13 PST
According to Markets Insider, lumber prices are up 127% from its most recent low. With demand high and supplies low, record low interest rates still drive homeowners to the market, so much that builders are struggling to keep up.
Dec 14, 2021 - 06:59:55 PST
Dr. Marc Faber returns with Holiday cheer for precious metals enthusiasts, noting gold and silver remain the core of his investment portfolio.
Reduced stimulus and interest rate hikes tend to push government bond yields up, raising the opportunity cost of holding bullion, which bears no interest.
Russians have gone on a gold-buying spree.According to Russian media reports, investors in the country have bought a record amount of gold since 2014 despite prohibitively high taxes.
Wholesale Prices Measure Rises 9.6% in November From a Year Ago, the Fastest Pace on RecordDec 14, 2021 - 05:39:16 PST
The producer price index for final demand products increased 9.6% over the previous 12 months after rising another 0.8% in November. Economists had been looking for an annual gain of 9.2%, according to FactSet.
A long-term housing supply crunch is mixing with federal stimulus policies. That's pushing rents up in cities and small towns alike.
Wholesale Price Inflation in Germany Totally Blows Out, Highest in the Data Going Back to 1962Dec 14, 2021 - 05:32:56 PST
The ECB is still recklessly delusional.
Persistent supply bottlenecks and a fourth wave of coronavirus infections in Germany are further delaying the recovery of Europe's largest economy from the pandemic, the Ifo institute said on Tuesday as it slashed its growth forecast for next year.
The Senate will vote Tuesday on legislation lifting the government’s debt ceiling to stave off the risk of a default, Majority Leader Chuck Schumer said, without saying how much the increase would be.
Economic activity in China likely slowed in November due to the worsening downturn in the property sector and still subdued consumption.
Prices are rising at the fastest rate on record, and unions want to keep up. Policymakers worry that might make inflation worse.
A hasty policy shift by central banks anxious to tame surging inflation is the biggest downside risk for global stocks next year, according to an informal Bloomberg News survey of fund managers.
In November, the official government CPI rose by the highest annual amount since 1982. But for the most part, the mainstream media continues to sugar-coat inflation. Tucker Carlson is an exception. He's one mainstream media figure who seems to grasp the full extent of the problem. He recently interviewed Peter Schiff on the rising cost of living.
‘At 75, I Still Have To Work’: Millions of Americans Can’t Afford To RetireDec 14, 2021 - 05:11:40 PST
Number of US workers aged 75 and up expected to increase 96.5% over next decade as some say ‘we must work until we die’
One reading of the yield curve posits that the Fed will be backed into abruptly raising interest rates due to rising inflationary pressures.