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US Housing Starts Tumble For 2nd Straight Month As Homebuyer Sentiment CrashesNov 17, 2021 - 05:38:33 PST
After unexpectedly tumbling in September, US housing starts and permits were expected to rebound modestly in October, but the picture was more mixed than hoped for
Mortgage Refinance Demand Continues Its Free Fall, as Interest Rates Rise AgainNov 17, 2021 - 05:34:12 PST
Rising mortgage interest rates continue to take their toll on demand, especially in the refinance market. Total mortgage application volume fell 2.8% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
Greed is outpacing fear in world financial markets as investors respond to the pandemic recovery, Goldman Sachs Chief Executive David Solomon says, adding that such periods of exuberance are usually not long-lived. The unprecedented levels of stimulus ordered by governments and central banks, he said, had led...
We are now seeing an asset pricing bubble on a scale never before seen. In the span of a year and a half, the money supply has increased from $4.5 trillion to nearly $20 trillion, and there is more coming. The recently passed Infrastructure Plan will bring another couple of trillion of direct and ancillary spending...
The heads of two global banks predicted an uncertain time ahead for the world economy as inflation rises and persists.
European Central Bank Warns of Bubbles in Property and Financial MarketsNov 17, 2021 - 05:09:32 PST
The European Central Bank warned of stretched valuations in many asset markets, as the region continues to recover from the coronavirus pandemic on the back of ultra-low interest rates and massive stimulus measures.
LONDON (Reuters) -The European Central Bank's latest comments on inflation have lobbed another grenade in the path of the euro. Her stance pits the euro against peers which are backed by policy-tightening expectations -- in the British pound's case, a rate rise may come as soon as next month.
After last week's sizzling hot CPI data, inflation talk continues to dominate the news. The government and central bank have been insisting inflation is transitory. Now they've turned to a new spin tactic - recycling 1970s inflation propaganda.Treasury Secretary and former Federal Reserve chair Janet Yellen appeared on Face the Nation and spent the interview lying about inflation. Peter Schiff unraveled her lies in his podcast.
Inflation Is Spiking in Europe, and the U.K., Central Banks Have a DilemmaNov 17, 2021 - 05:03:59 PST
Inflation jumped throughout Europe in October, running at an annual pace of 4.4% in the European Union and 4.2% in the U.K., data released Wednesday showed. The U.K.’s Office for National Statistics said Thursday that consumer prices rose at the fastest pace in 10 years, significantly more than the 3.9% expected by...
With new cars in short supply because of the ongoing chip shortage and supply disruptions, demand for used cars has skyrocketed, taking prices right along with it.
In Tom's newest precious metals update, he says that the increased demand for gold and silver bullion products has pushed premiums up even higher. Tom believes premiums will likely continue to increase as more investors move into physical metal to protect wealth. Amazingly, Silver Eagle premiums...
INSIDE SCOOP TO SLV & PSLV ETFs: The Top Institutional Holders & Amazing Events Taking PlaceNovember 17, 2021
This is a "MUCH WATCH" video on my "Inside Scoop" of the iShares SLV and Sprott PSLV ETFs. The information in this video presentation shows some amazing events taking place in the Silver ETF Market. While it is important to purchase physical silver bullion, institutions, and large investors' best access is in the Silver ETFs...
Last week’s surge in gold and silver prices was due, at least in part, to a realization by Wall Street traders that inflation isn’t going away. Fed Chair Jerome Powell had assured us all the trend higher in prices would be “transitory,” but another giant surge in the Consumer Price Index has investors wondering if they can believe... anything Powell says.
Gold prices fell for a second straight day but still closed above the key mid-$1,800 level — in spite of the twin weights of rallying U.S. bond yields and the dollar.
“The Next Frontier”, Episode 1 of The Golden Thread documentary series, traces gold’s presence in historical and current events of space exploration. We learn of gold’s protective qualities against solar radiation, its role in today’s cosmic exploration via satellites and Mars rovers, its striking use in the James Webb Space Telescope, and the confirmation of gold’s origins in the cosmos.
Nov 16, 2021 - 13:01:57 PST
Filling a germ's pockets with gold could be a handy way to end an infection. Frustratingly, scientists have struggled to turn this nugget of knowledge into a practical antimicrobial therapy.
Join Mike Maloney and Jeff Clark in today’s video update as they dive deep into the world of Central Bank Digital Currencies (CBDCs). You’ll also get Mike and Jeff’s opinion on whether the ‘rich’ are paying their ‘fair share’.
Despite huge stock market gains over the last decade, U.S. pensions are hundreds of billions of dollars short of what they expect to need to pay public worker retirement benefits.
The total debt burden for Americans over age 70 increased 614% through 2021 from 1999, to $1.27 trillion, according to data from the Federal Reserve Bank of New York.
A major dispute is looming over how much tax revenue beefing up the IRS would bring in.