Precious metals news

Residential, commercial and utility solar costs rose during the second quarter, according to Wood Mackenzie.

House Democrats have proposed a top marginal income tax rate of 39.6% for individuals, part of a sweeping change to the tax code to fund climate investments and an expansion of the U.S. safety net.

The proposal differs from a prior Biden administration plan to raise the top combined rate to 43.4% for those with income over $1 million.

After Dr. Anthony Fauci threw his support behind a COVID-19 vaccination requirement for airline passengers, industry watchers on Monday warned of a "logistical nightmare" — lines out the door and a wave of delays and cancelations.

Joe Biden is looking a little Grinchy, having decided to fire the unvaccinated across America as we head toward the holidays. Even though the end of enhanced unemployment benefits has not brought b…

China's most indebted property developer Evergrande Group is struggling to solve its debt crisis, while there are increasing signs that policymakers are stepping in to avoid a hard landing for a company deemed too big to fail. Evergrande vows to cut its debt for the first time, aiming to slash net gearing ratio to 70% by June 2020 from 240% in June 2017.

Tuesday's report of the consumer price index could set the tone for markets ahead of next week's Federal Reserve meeting, particularly if it is hot.

U.S. Treasury yields rose early on Tuesday, ahead of the release of closely watched inflation data later in the morning.

Global growth expectations have continued to "fall markedly" in September, according to the latest survey of fund managers out of Bank of America. The survey found that economic growth expectations are at their lowest level since April 2020.

The US government ran a $170.64 billion budget deficit in August, pushing the total fiscal 2021 budget shortfall to $2.71 trillion with one month to go, according to the latest Monthly Treasury Statement.
The mainstream media spun this as good news, noting that the August deficit was 15% lower than the $200 billion spending gap a year ago. This was primarily a function of higher revenues in August 2021 compared to last year. But digging deeper into the numbers reveals the US government hasn't exactly slowed down its out-of-control spending spree, with spending last month also up compared to last year.

Both Janet Yellen and Joe Biden insisted "enhanced" unemployment benefits weren't incentivizing people not to work. The numbers prove them wrong.

Given the current crisis and endless printing policies, could we expect another great depression?  One things for certain, this current crisis is like no other, and there is substantial uncertainty about its impact on people’s lives and livelihoods.

You’ll feel it in your wallet if these plans come to fruition, regardless of which tax bracket you fall in.

The European Central Bank announced a tapering of the repurchase program on September the 9th. One would imagine that this is a sensible idea given the recent rise in inflation in the eurozone to the highest level in a decade and the allegedly strong recovery of the economy. However, there is a big problem. The announcement is not really tapering...

In 1980, consumer price inflation in much of Europe was running rampant and the original Iron Lady was determined to get it down. Four decades later, the new Iron Lady is stressing her commitment to monetary inflation, because the biggest fear now is deflation.

Senators will grill Securities and Exchange Commission chairman Gary Gensler on Tuesday over the agency’s plans for cryptocurrency.

There’s not much you can do in the year 2021 that doesn’t leave a digital trail. The collusion of big tech and big government has assured this. Still, there does remain one simple way to elude the busybodies. In fact, one of the last ways to preserve some level of economic privacy is to pay with cash.

(Residential Real Estate Loans Hit Historic Low As Percentage Of Total Bank Assets) US bank loans and leases are slowing, yet The Federal Reserve has helped keep their stock values elevated thanks to the extraordinary monetary stimulus. (Bloomberg) — U.S. banks’ loans and le…

Correction: If they used the CPI instead of Deflator, Real GDP would have been negative at times, but NOT always, since GFC (I miss spoke.) But Real GDP would have always been negative if they used an accurate number for inflation. Thx for watching everyone!!

... one thing is certain: the US will never again be able to fund itself using taxation alone, which now barely covers just 50% of the total US budget deficit.