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With FOMC Chair Jerome Powell continuing to raise rates against everyone's wishes I speak to Danielle Dimartino Booth about why.
How Jay Powell just surpassed the extreme dovishness of Arthur Burns.
We will enter a world without finance, and it will be a better world, for the economy will no longer be in thrall to the derangement and inequality of parasitic, predatory finance.
Watch: Klaus Schwab Calls For Global Government To "Master" AI TechnologiesFeb 15, 2023 - 12:12:20 PST
Arch globalist Klaus Schwab has called for elites to come together globally in order to “master” advanced technologies, warning them that if they don’t act swiftly the world could “escape our power”.
While Janet Yellen continues to 'hope', the nonpartisan Congressional Budget Office is out with its first public opinion on the risk of default by the US federal government if lawmakers fail to raise the debt ceiling.
Feb 15, 2023 - 12:09:26 PST
The Fed's Industrial Production Report for January continues to suggest production has peaked this cycle.
"I would keep my eye on the LEI (and AIER’s equivalent) but pay special attention to the manufacturing variables. Outside of the LEI, I would also carefully watch real wage trends and its downstream knockoffs (credit card and other debt and defaults, and the personal savings rate)." ~ Robert E...
"Without a symmetric response to deviations from the target, the Fed’s so-called average inflation target will not produce 2 percent inflation on average. Instead, it will tend to produce inflation that exceeds 2 percent. That’s a far cry from price stability." ~ Alexander William Salter
Feb 15, 2023 - 08:21:19 PST
US inflation is causing The Federal Reserve to raise interest rates, and mortgage applications are suffering.
President Joe Biden is lining up a new battle-tested economic team because he knows one main obstacle stands in the way of his reelection: a recession.
Breakfast lovers might be better off just having a cup of coffee—but go with roasted, not instant. Prices for roasted coffee declined by 0.1% last month, but instant coffee rose by a 3.6% monthly increase for instant coffee.
It is going to be a long and complicated path before price gains moderate and the latest US print shows why. Also, a breakfast staple is becoming more expensive.
\Global spending on electric vehicles is surging. According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before.
Feb 15, 2023 - 07:31:03 PST
Frank Giustra, CEO of the Fiore Group and Founder of Lionsgate Entertainment, discusses how the Ukraine war is hastening a global monetary reset, with the BRICS seeking an alternative to the U.S. dollar in international trade. He also talks about the threat that artificial intelligence holds for jobs, and why AI and CBDCs could combine to bring about a 'scary as hell' future.
CBDCs are more akin to stolid stablecoins rather than currencies. Unfortunately, their potential to erode free enterprise is all too real. Controlling how, what and when money is transferred is not a place government bodies should be competing, with a massive advantage, against the rest of the monetary system.
President Joe Biden and Treasury Secretary Janet Yellen warned Tuesday of a potential economic crisis if a deal isn't reached to increase the federal debt ceiling. The concern over the debt ceiling is the result of a political showdown between House Republicans, who are demanding spending cuts, and the Democratic president, who insists on raising the limit without conditions. Yellen...
"I still believe there's potential for rate cuts later this year, which should be supportive for the yellow metal. The data, and therefore, expectations may just remain volatile over the coming months," said Craig Erlam, a senior market analyst at OANDA.
The market is poised for the next metals and mining bull market to commence. The theme for the last bull market was centered on globalization and the emergence of a new middle class in what we defined as BRIC (Brazil, Russian, Indian, China).
Wall Street’s reaction to Tuesday’s consumer-price index shows investors are realizing inflation is likely to remain higher than the Federal Reserve’s goal for longer. Two heavyweight market voices say the 2% target is part of the problem.
Global maritime trade has fallen to a shadow of pandemic peak as high inflation and reopenings hit goods purchases. The price of shipping goods on vital global trade routes has fallen 85 per cent below its peak as the cost of living crisis hits consumer spending and pandemic-related supply chain disruption eases.