Gold has all the potential to go unprecedentedly high. But silver will be gold on
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The hype, misinformation and disinformation from housing market propagandists and home salesman (aka “realtors”) has become unbearable. Here’s a prime example: Now, I don’t …
As today’s CPI report reminds us, that after decades of disinflation the most recent round of money printing has lead to the return of inflation. At the end of the day, it may not be the economy or household net worth but inflation that the central bank’s great monetary experiment has been most effective in stoking. Of course, history could have told us that would be the likely outcome long before Bernanke ever began firing up the printing press.
Lyn Alden - Twitter, Released on 5/10/23 Disinflation just means that the rate of inflation is declining. That's different than deflation, which means
Fed’s Kashkari Says Tight Monetary Policy May Be Needed for ‘Extended’ TimeMay 11, 2023 - 12:01:05 PDT
An extended period of high interest rates and an inverted yield curve could put more stress on banks, but would be necessary if inflation stays stubbornly high, Minneapolis Federal Reserve President Neel Kashkari said on Thursday.
JPMorgan Chase & CO CEO Jamie Dimon said on Thursday the bank is convening weekly meetings to discuss the implications of a potential U.S. default, according to an interview on Bloomberg TV.
In Washington debt-ceiling brinkmanship is threatening to push the US into default. And on Wall Street, traders are gaming out what could be a rare Black Swan event.
A surge in stock offerings could be coming to a market that badly needs it as Corporate America hustles to raise cash while the banking crisis appears to be somewhat under control and before the US debt ceiling deadline hits as soon as early June.
Recently, several large corporations have made self-destructive moves.
Overall, this was another solid auction which managed an impressive stop through despite the sharp run up in bond prices (and drop in yields) into the 1Pm auction deadline amid growing recession fears.
May 11, 2023 - 11:42:36 PDT
Bankrate’s 30-year mortgage rate is down slighty to 6.89%, but that masks the reality that mortgage rates were only 2.88% when Biden was sworn in as President. That is a staggering increase of 140 in the 30-year mortgage rate.
The Fed’s Interest Rates Are still Fueling Inflation rather than Dousing it, and People Getting Used to this InflationMay 11, 2023 - 07:59:36 PDT
Turned upside-down since late 2008 with QE and interest rate repression, it still hasn’t been turned right-side up.
May 11, 2023 - 07:57:35 PDT
A few days ago I wrote about the suffering of America’s middle class under Biden’s Reign of (Economic) Error. Housing is far more expensive under Biden as are energy prices, car prices, food prices, and auto loan rates. Biden’s economy is truly unaffordable for millions of Americans.
Ball in Biden's Court... the debt ceiling clock is ticking away. And the onus is now on Democrats to so something.
We can all pretend to be fantastic until the floor collapses beneath us. At that point, complacency / denial gives way to panic, but it's too late to effect any realistic reversal of fortune.
Why Gold Is A Good Investment Right Now—And May Be Set For A New Record Price: ForbesMay 11, 2023 - 07:20:54 PDT
Gold is on the precipice of hitting its highest price on record as investors turn to the safe-haven asset amid a rocky macroeconomic environment, and analysts believe the precious metal could have much more room to run—thanks in no small part to the potential recession looming ahead.
Gold Price Is Heading For All-Time High: Here’s Why That Should Terrify EveryoneMay 11, 2023 - 07:18:48 PDT
Investors are racing to buy gold and that's bad news. It means they're terrified.
Gold eased into a tight range on Thursday as a stronger dollar countered support from weaker-than-expected U.S. economic data, which reinforced bets for a pause in the Federal Reserve’s rate hikes and added to wider economic risks.
Global demand for gold among investors is growing this year thanks to turmoil in the banking sector, geopolitical tensions and a challenging economic environment, leading more people to flock to the precious metal as a safe-haven asset, says the World Gold Council (WGC).
Job Market Cracks: Initial Claims Unexpectedly Soar To The Highest Since October 2021May 11, 2023 - 06:07:38 PDT
And just like that, the job market has finally cracked.
A summer laced with economic strains looms for the world’s richest economies.