Gold has all the potential to go unprecedentedly high. But silver will be gold on
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There've been many recent headlines about foul-ups: diesel shortages, train derailments, air-traffic shutdowns, and explosions.
What's interesting is the really hard problem AI has not been applied to is how to manage these technologies in our socio-economic-cultural system.
The net result of hyper-globalization and hyper-financialization is the crumbling of the middle class.
Advocates of Keynesian economics believe the Federal Reserve should pursue policies that will prevent the possible decline of the economy into a liquidity trap. But what is a liquidity trap? Economic activity often is presented in terms of a circular flow of money.
People can never be made incorruptible. We can, however, design governmental systems filled with checks and balances that limit the temptations.
Let's go over recent money supply numbers with a spotlight on the Fed's H.8 asset and liabilities report.
Feb 21, 2023 - 07:50:40 PST
Social Security is funded on a PayGo basis. By law, benefits will be reduced in 11 years if we do nothing.
Why the Fed Can Let the Housing Bust Rip: Mortgages, HELOCs, Delinquencies, Foreclosures, and Who’s on the HookFeb 21, 2023 - 07:49:50 PST
Mostly taxpayers, not the banks.
Let's compare monthly payments at 3.0 percent to payments at 6.50 percent on a home costing $500,000 with 20 percent down.
Feb 21, 2023 - 07:42:57 PST
It is the start to a trading week after yesterday’s pause for President’s Day. And with a new start, we see the US Treasury 10-year yield jump 8.5 basis points to 3.9%. Bankrate’s 30-year mortgage rate is up to 6.83% and the implied Fed Funds Target rate at the June 2023 Fed Open Market Committee meeting is now 5.23%.
"Great Deal Of Uncertainty": Walmart Slides On Disappointing Guidance, Forecasts 2nd Straight Annual Profit DeclineFeb 21, 2023 - 07:36:46 PST
Viewed as the unofficial end of earnings season, Walmart's just reported Q4 earnings also served to send the stock of world's biggest bricks and mortar retailer lower after the company reported strong Q4 results but its profit forecast for this year fell short of analyst estimates, signaling more struggles for the world’s largest retailer after it was hammered by a surge in inventory.
Feb 21, 2023 - 07:35:26 PST
As in neighboring Germany and Austria, cash is still king in Switzerland albeit a much diminished one. But the Swiss will soon have the chance to vote on whether to preserve notes and coins indefinitely.
The U.S. dollar enjoys the world reserve currency status due to numerous factors. Legal and investor security, an open and transparent market, as well as independent institutions with checks and balances that limit political power and strengthen the country’s currency in relative terms. No, a country does not have a world reserve currency due to military power.
According to the January report of the Consumer Price Index, price inflation increased by 0.5 percent last month. This follows a 0.1 percent increase in December. The total increase over the last 12 months is 6.4 percent. The official government statistics, which are manipulated to understate the true rate of price inflation, show even greater increases in some costs. Over the...
The Great Gold & Silver Rush of the 21st Century - My New Book is Finally HereFeb 21, 2023 - 06:10:58 PST
Hey it’s me, Mike Maloney…I just finished my new book. It’s called the Great Gold and Silver Rush of the 21st Century… and in my opinion, there’s no place where you can get a better grasp of the enormity of what’s happening in our financial system and precious metals all in one place.
Gold traded in a tight range on Tuesday as investors refrained from taking big positions ahead of U.S. economic data that could influence the Federal Reserve's interest rate-hike strategy.
As the economy weakens and The Federal Reserve tightens (to fight inflation), we are seeing the lowest level of S&P 500 equity risk premiums since before the financial crisis.
Feb 21, 2023 - 05:56:00 PST
On the corporate side, US bankruptcies in 2023 had the worst start to a year since 2010 and the financial crisis.
A year into the U.S. Federal Reserve's most aggressive monetary crackdown since the 1980s the strength of the U.S. economy has befuddled policymakers now faced with an unexpected dilemma: Are things too good?
Japan's manufacturing activity contracted at the fastest pace in 30 months in February, a business survey showed on Tuesday, in a worrying sign for the world's third-largest economy, which is facing weakening demand and struggling to tame cost pressures.