Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Gold futures finished higher on Monday, with prices bouncing back after posting declines for five consecutive sessions. “We have seen quite a shift in market...
Archaic perhaps, but I am an impassioned proponent of sound money – and have been for a long time. It’s vital – fundamental. The Austrian School of Economics heavily influences my analytical framework. I focus first on Credit inflation – the expansion of new financial claims. This new purchasing power has varied inflationary effects – including consumer and producer price ...
Rampant currency debasement is an unstoppable trend already in motion and accelerating. Those entrusting their life savings in government currencies will soon experience a harsh economic reality check.
Feb 27, 2023 - 12:52:31 PST
Financial podcasts have been featuring ominous headlines lately along the lines of “Your Bank Can Legally Seize Your Money” and “Banks Can STEAL Your Money?! Here’s How!” The reference is to “bail-ins:” the provision under the 2010 Dodd-Frank Act allowing Systemically Important Financial Institutions (SIFIs, basically the biggest banks) to bail in or expropriate their...
"Earning estimates for the S&P... have been coming down by about a dollar a week"
The results are reassuring in so much as yours truly was starting to hear more and more predictions that recession had been averted and the bear market ended. The basis for that change in sentiment seemed to hinge on the rally in stocks over the last few months and continued strength in the labor market.
The average person in the U.S. is around $96,400 in debt. If Americans would be charged by their hometowns and cities for the debt they have taken on in the name of their residents, a fairly big sum would be added to that tally. According to a report by think tank Truth in Accounting, 50 out of the 75 largest cities in the U.S. are currently running a deficit – in some cases a major one.
The payments to Ukraine have already exceeded the annual military expenditure of the U.S. in the war in Afghanistan from 2001 to 2010.
Subprime Auto Lender And Used Car Retailer Collapses As Distress Cycle Finally ArrivesFeb 27, 2023 - 12:00:00 PST
One month ago, when discussing the "perfect storm" hitting the US auto market, we showed that according to Fitch "More Americans Can't Afford Their Car Payments Than During The Peak Of Financial Crisis"...
Risk of ‘Wrathful Old Testament–Style’ Reaction From Central Banks Is Rising, JPMorgan Says: MWFeb 27, 2023 - 11:39:58 PST
The 'gentle and forgiving path' taken by developed-market central banks to combat inflation in the past year is likely to prove unsuccessful, JP Morgan...
WASHINGTON (AP) — A majority of the nation’s business economists expect a U.S. recession to begin later this year than they had previously forecast, after a series of reports have pointed to a surprisingly resilient economy despite steadily higher interest rates.
"Biden’s industrial flop will disrupt entrepreneurial activity and hobble the American economy. We should learn the lessons of the past and accept, once and for all, that industrial policy doesn’t work, no matter how much we will it." ~ Michael N. Peterson
A Pennsylvania survey suggests that taxes are often a major barrier to economic security, ranking ahead of credit card debt and student loans.
On January 11, the market expected the terminal interest rate to be about 5.0 percent in May. By December, the market expected the Fed to cut rates to a range of 4.25 per cent to 4.50 percent.
There were still more revisions in the Census Bureau's New Home Sales report.
The decay in quality reveals that the collapse of the neoliberal-hyper-financialization-hyper-globalization model has already occurred.
China's projection of self-confidence and accusations against the US has fueled speculation that the two countries are approaching a new Cold War
Feb 27, 2023 - 08:38:14 PST
Now that Russian President Vladimir Putin has “suspended” Moscow’s involvement in the New START (Strategic Arms Reduction Treaty), US President Joe Biden’s foreign policy priority of keeping the only remaining arms-control agreement between the two nuclear superpowers has been adversely affected. However, though Biden has a legitimate grievance against this Russian...
Russia Has The Most Nuclear Weapons In The World—The Other Countries With Largest Nuclear ArsenalsFeb 27, 2023 - 08:36:34 PST
Russian President Vladimir Putin vowed to expand Russia’s nuclear arsenal Thursday, once again hinting at the threat of using nuclear weapons, as Russia’s arsenal already edges out that of the United States, the Federation of American Scientists estimates.
Nomura Warns "Get Back Into Cash"; Higher Volatility Looms After Rate-RepricingFeb 27, 2023 - 08:17:02 PST
Nomura's Charlie McElligott notes that the market has rightfully “trued-up” Fed terminal rate expectations in-line with spectacularly resilient growth data both domestically and internationally, following the FOMC’s multi-month “premature FCI easing” blunder which allowed for a reacceleration of “animal spirits” across inflation-, retail / consumption-, labor- and even survey- / “soft-” (particularly within Services sector) data, pouring gasoline on a still too robust economy, relative to their purported inflation-fighting aspirations.