Gold has all the potential to go unprecedentedly high. But silver will be gold on
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US equity futures climbed on the back of strong corporate results after Target Corp. beat expectations and Chevron Corp. expanded its stock buyback plans. Bonds sank in the wake of reports that showed accelerating inflation in France and Spain.
Yahoo Finance's stat of the day shows inflation remaining entrenched in the minds of many corporate chieftains.
The Biden administration’s ambitious program to forgive billions of dollars in federally supported student loan debt is set to face multiple challengers before the U.S. Supreme Court on Tuesday, when the court is scheduled to hear arguments in two cases that dispute the plan's legality.
Target Q4 Earnings Beat Estimates, CEO Strikes a Cautious Tone as Consumer Spending ShiftsFeb 28, 2023 - 05:15:28 PST
Target posted its fiscal fourth-quarter earnings results before market open on Tuesday that beat estimates as consumers spending habits shift away from discretionary categories.
Global Markets-Slip, Bond Yields Hit Multi-Year Highs on Inflation FearsFeb 28, 2023 - 05:13:02 PST
Global equities slipped and bond yields hit multi-year highs on Tuesday after consumer prices hit a record in France and accelerated in Spain, adding to expectations that major central banks will need to continue tightening policy. France's European Union-harmonised consumer prices rose to a record 7.2% in February while Spain's EU-harmonised 12-month inflation was 6.1%, up...
There has been a lot of talk about central bank digital currencies (CBDCs). The powers that be sell CBDCs on the promise of convenience and security. But in reality, they are part of a broader "war on cash" and a push to give governments even more control and power over you and me. Digital currencies could allow governments to track and even control everybody's spending.But some state legislators are pushing back against CBDCs and working to implement laws to protect people in their state from this excessive federal government control.
Peter Schiff: The Fed Is Going to Throw in the Towel on the Inflation Fight (Interview)February 28, 2023
Peter Schiff appeared on Greg Hunter's USA Watchdog.com show to talk about inflation and the economy. Peter didn't paint a rosy picture, explaining that the Federal Reserve is ultimately going to throw in the towel on the inflation fight in order to fight something much worse - economic collapse.
Global demand for silver expected to grow around 16% in 2022 to 1.21 billion ounces, leading to the biggest deficit for the metal in decades. This interview will examine the supply and demand outlook for this precious metal, industrial factors influencing its large demand growth, it’s role as a precious metal, and more.
Gold (and silver) have been hit hard in February. We predicted a pullback would happen, and we said it would be healthy, sort of a ‘bullish pullback’. We explained this in Gold’s Healthy Pullback Should Improve Its Long Term Profile. While the pullback is still working ‘in full force’ we start seeing how the gold […]
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.