Gold has all the potential to go unprecedentedly high. But silver will be gold on
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The world’s major central banks are approaching a critical juncture in their fight against inflation, with the route they ultimately choose set to impact the economy for years to come.
Fed Meeting Sets up for a Close Call, Though Central Bank Likely to PauseJun 12, 2023 - 05:39:04 PDT
Officials will need to decide whether the 10 interest rate hikes so far will be enough in time to cool inflation, or whether more action is needed now. And a key data point — the consumer price index for the month of May — arrives Tuesday as the Federal Open Market Committee begins two days of meetings.
European stocks rose in early trading on Monday and world stocks were just below 13-month highs ahead of key inflation data and U.S. Federal Reserve and European Central Bank meetings later in the week. At 0845 GMT, the MSCI World Equity index was up 0.2% on the day, holding just below a recent 13-month high, while MSCI's Europe index was up...
The Treasury has an open data platform where they publish all of the data related to the US Treasury. This includes debt, spending, revenue, etc. Different data sets are updated at different frequencies. The official US Debt is updated monthly (typically by the fourth business day). This data can be seen in the chart below.
Despite the high interest environment intended to slow down borrowing, American consumers continue to run deeper and deeper into debt as they cope with sticky inflation.Consumer credit spiked by another $20 billion in April, a 5.7% increase year on year, according to the latest data released by the Federal Reserve.
The debt ceiling drama ended with fake budget cuts and a shiny new credit card with no limit for the federal government. We can now expect a big surge in the national debt as the US government plays catch up after nearly six months up against its borrowing limit.So, how might this impact the price of gold?If history is any indication, it will likely drive it higher.
Last week I chatted with Patrick of Silver Bullion TV about the Energy Cliff and precious metals. Unfortunately, most people still don't understand the profoundly negative implications of the Energy Cliff as the market continues to believe in ever-expanding economic growth & the Business Cycle...
This graphic explores the relationship between gold price and the U.S. national debt.
The Federal Reserve’s potential rate hike pause next week could just be one reason to stay bullish on gold despite choppiness in the yellow metal now, analysts at Citigroup and Commerzbank said Thursday.
The dot com crash was brutal. But even in the demise of several tech stocks, investors knew that technology was our future. And for the past 20 years technology stocks have been outperforming the broader market and leading the major stock market indices higher.
Ben Bernanke Talks About Bank Runs, Inflation, A.I., Market Bubbles and More: NYTJun 9, 2023 - 12:37:50 PDT
Ben Bernanke, the former Federal Reserve chair, said that while the banking system appeared to be stable, “I’ve learned from painful experience that one never says never; it’s always possible.”Andrew Harnik/Associated Press
Jun 9, 2023 - 12:35:28 PDT
The Federal Reserve doesn’t care if market volatility has collapsed, even though volaltility is necessary for a well-functioning capital market. The VIX, volatility of the CBOE S&P 500 index, has declined to 13.5 as The Fed continues to slow M2 Money growth.
Jun 9, 2023 - 12:31:02 PDT
As of 12:01 AM on 2023-06-09, there is a 76.5 percent chance the Fed will pause in June, then hike a final time next month.
Jun 9, 2023 - 12:29:54 PDT
The year-over-year national rent price increase is just above zero. Don't make too much of it, because prices are still rising steeply.
30 San Francisco Hotels Face Incoming Debt Maturity Wall As Default Dominos BeginJun 9, 2023 - 12:08:53 PDT
So it's clear a perfect storm of terrible liberal policies transforming San Fran into a 'hellhole' that has crippled its recovery plus tightening credit conditions via the Federal Reserve has likely doomed a whole bunch of hotel operators across the metro area that might have no other choice but to default in the coming quarters, if not sooner.
Treasury Secretary Yellen Warns of Commercial Real Estate ‘Issues’ That Could Strain Banks: MWJun 9, 2023 - 12:07:19 PDT
Yellen was asked by CNBC “Squawk Box” host Andrew Ross Sorkin about if she’s worried about the state of estimated $20.7 trillion commercial real-estate market, particularly the office, and if weakness in the sector could potentially spark more bank failures.
The commercial real estate market could see prices fall 40% this year due to several headwinds, including high interest rates and a possible credit crunch.
The entire world is deep in debt. As interest rates rise further many will drown in the stuff, says Victor Hill.
Excessive monetary policies initiate two processes – inflation and excessive risk taking that becomes an integral part of the financial cycle. Together these two processes expose the economy to financial crisis, with one monetary policy fiasco leading to a future disaster.
The seeming paradox between an increasingly recessionary economy and a resilient stock market can be explained by rising excess liquidity. Jobless claims data on Thursday continued to point in a recessionary direction. Yet, as always with this data, more information is gleaned by looking at it on a state level.