Gold has all the potential to go unprecedentedly high. But silver will be gold on
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There's never going to be a one-size-fits-all situation when it comes to perfecting retirement, but there are different ways you can look at it to figure out what works best. Here's what it would cost the average American to retire.
This chart shows the countries/territories with the highest share of people aged 65 and older in 2022 and 2050.
The institute’s data finds that despite the coverage offered by Medicare, retirees should expect to pay significant out of pocket costs for their healthcare during retirement. These costs cover a range of expenses, including insurance premiums, program deductibles and prescription drug treatments.
In real terms, making $4.05 per hour in February of 1973 would be worth nearly as much as someone making $28.26 today.
Mar 2, 2023 - 07:52:07 PST
The Minneapolis Fed president seeks to lower inflation by targeting wage growth.
Mar 2, 2023 - 07:51:13 PST
Despite Treasury Secretary Janet Yellen claiming that inflation was only transitory and likely to disappear, we are seeing continued inflation. Now we see that Unit Labor Costs are up 3.2% QoQ for …
Gold prices were set to break a three-session winning run on Thursday, weighed down by a firmer dollar and as bullion's outlook remains clouded by prospects of further interest rate hikes from the U.S. Federal Reserve.
Despite the ongoing headlines of layoffs across all industries, US jobless claims data continues to refuse to show anything but an extremely strong labor market, with initial claims at 190k last week (better than the 195k expected) and continuing claims at 1.655mm (below the 1.669mm expected)
Evidence of China’s rapid economic rebound has reignited hopes of a banner year for demand in the world’s top commodities importer. How Beijing chooses to support the recovery at its upcoming annual policy meeting will now be the focus of markets from copper to crude and soybeans.
Ex-BoJ Gov Shirakawa Urges Re-Examination of Monetary Framework, Inflation TargetsMar 2, 2023 - 06:11:35 PST
Former Bank of Japan (BOJ) Governor Masaaki Shirakawa called on policymakers to reconsider central banks' monetary framework based on inflation targets, given their limits that became apparent from the recent spike in prices seen in many countries.
Mar 2, 2023 - 06:09:33 PST
Bitcoin and other cryptocurrencies were falling Thursday, under pressure but holding key levels amid signs of distress at Silvergate Capital an influential banker to the digital asset industry.
Countries in debt distress such as Zambia and Sri Lanka turning to the International Monetary Fund (IMF) for financial help are facing unprecedented delays to secure bailouts as China and Western economies clash over how to provide debt relief. IMF funding is often the sole financial lifeline available to countries in a debt crunch, and key to unlocking other financing sources...
The Bank of Mexico said on Wednesday that inflation is taking longer than initially anticipated to return to its target, in large part due to the persistence of core inflation. Banxico, as Mexico's central bank is known, forecast that annual headline inflation would hit 4.9% in the fourth quarter of 2023, up from a prior projection of 4.1%. The upward revision in the forecast trajectory for...
Australia’s Central Bank Identifies CBDC Use Cases as It Prepares Pilot LaunchMar 2, 2023 - 06:03:00 PST
Australia has outlined potential use cases and providers for a central bank digital currency (CBDC), with a pilot program to be launched in the coming months.
‘We Are Heading Down’: Leon Cooperman Warns That Stocks Could Plunge 22% From HereMar 2, 2023 - 05:57:12 PST
For those pining for the year’s early bull run to pick up steam again, take heed. One well-known investing sage thinks that is completely unlikely to happen. Billionaire investor Leon Cooperman thinks the S&P 500 is about to slip by 22% from here while also anticipating the US economy gets dragged down into a recession.
n an announcement late on Wednesday, the central bank said it will intervene by selling dollar cash to individuals and companies at 70,000 pounds per US currency. That compares with the official exchange rate of 15,000, which will stay unchanged after the pound’s 90% devaluation a month ago.
El Erian: What Now for a Fed That Has Fallen Behind the Curve Again?: BloombergMar 2, 2023 - 05:37:30 PST
The central bank downshifted rate increases too early and now faces a set of dilemmas and another knock to its credibility.
When borrowing costs rise, governments end up paying more interest. That fiscal blow is now landing faster than it used to.
“I think it's very possible that without the right restrictions, and guidelines, and sort of boundaries in place, these things can evolve to be probably very problematic in many concerning ways,” explained Edward McFowland III, assistant professor in the technology and operations management unit at Harvard Business School.
The mission objective of the World Economic Forum (WEF) is remarkably simple: the smartest, best people in the world should rule everyone else. In WEF parlance, their schemes of total supervision and behavioral modification will create a "sustainable" future for humanity. Humans become nothing more than "things" to be counted, shuffled, categorized, tagged, monitored, manipulated, and controlled. They become nothing more than cogs in the WEF's great trans-humanist, technocratic machine.