Gold has all the potential to go unprecedentedly high. But silver will be gold on
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A Baltic monitoring media outlet has published footage of an enormous amount of American military equipment being prepared to move from the Port of Gdynia in Poland.
Global Supply Chain Pressure Index Drops Below Average for First Time since Aug. 2019, after Horrendous SpikesMar 6, 2023 - 12:44:22 PST
Inflation in goods normalized, but has exploded in services where there are no supply chain issues.
This is true, but the WEF model also represents the governmentalization of private industry. Under Schwab’s stakeholder capitalism and the multistakeholder governance model, governance is not only increasingly privatized, but also and more importantly, corporations are deputized as major additions to governments and intergovernmental bodies.
On February 16, 2023, President Joe Biden issued his second executive order to strengthen equity within federal agencies. Among other things, it ordered them to install equity officers and implement action plans with the superficial aim of making it easier for “underserved communities” to access federal resources.
If you like social media memes, you’ve likely seen examples of “How It Started/How It’s Going.” Basically, this is where you show two pictures of the same person, first very sure of themselves, and then amid embarrassment or disaster.
This is how US Treasury debt is paid. New Treasury securities are issued to pay off those that have matured. The total debt continues to grow because it is never paid off..
Global supply chains have returned to normal, the Federal Reserve Bank of New York said, almost three years after Covid-19 was declared a pandemic.
]The Swiss National Bank reported on Monday an annual loss of 132.5 billion Swiss francs ($141.54 billion), in line with the provisional calculations it announced in January. The loss, the biggest in the central bank's 115-year history, was caused by a plunge in the value of the SNB's investments caused by bond and stock market declines last year.
As Congress prepares for another debt-limit standoff, a look into the past — at the 10 such deadlines lawmakers have confronted over the last 13 years — offers three shared truths.
M2 money supply is currently experiencing its fastest contraction since at least 1981, according to data released yesterday by the Fed.
Things are rough in the US economy, and the FDIC seems to be making plans to handle further collapse. How? By helping themselves to YOUR money that you have on deposit, safely (you thought) tucked away in your bank account.
"Fed officials will likely continue tightening, and to a greater extent than previously projected. Their overreaction will not undo the damage of acting too late. It will make matters worse." ~ Nicolas Cachanosky
Hence, it is nonsense to argue about whether the economy and stock market will have a soft landing or one that doesn’t land at all. Both views are incorrect. The time to get back into a crash position in your portfolio is drawing near. We will rely on our proprietary Inflation/Deflation and Economic Cycle Model to try and get the timing correct.
Mar 6, 2023 - 07:31:19 PST
Much of the Fed report is truly Geek stuff and incomprehensible formulas. But the conclusions and many snippets ring home.
Some markets are already deep into it, others just started. A sobering trip from the free-money decade in la-la-land, back to normal.
If oil heads strongly higher, the market and the Fed will price in still more interest rate hikes, and Elizabeth Warren and President Biden will scream about big oil profits.
Emerging markets investing veteran Mark Mobius says China is restricting capital outflows.
The Paul Volcker Narrative Imagines an Economy That Doesn’t Exist, and That Never Has: ForbesMar 6, 2023 - 07:16:25 PST
This truth came to mind while reading a passage by investor Jim Rickards. Writing about Paul Volcker’s time as Federal Reserve Chairman, Rickards wrote that Volcker “applied a tourniquet [on inflation] and twisted it hard. He raised the federal funds rate to 20% in June 1981, and the shock therapy worked.” Please think about what Rickards imagines Volcker did versus the happy...
Core US Factory Orders Jump More Than Expected In Jan, Aircraft Orders PlungeMar 6, 2023 - 07:14:37 PST
Following the ugly flash durable goods print (de-bound from Boeing bounce in Dec), US Factory Orders for January were expected to drop 1.8% MoM (after a 1.8% MoM rise in Dec). In fact, the headline print fell 1.6% MoM (better than expected). That leaves US Factory order YoY growth at its weakest since Feb 2021.
Mar 6, 2023 - 07:11:53 PST
The last US debt crisis occured in 2013 when Congress finally raised the debt ceiling … and kept on borrowing and spending, But if you thought that a debt crisis would scare Congress (and the…