Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Feb 14, 2023 - 12:12:33 PST
Socialism is a very popular system. Vermont Senator Bernie Sanders attracts thousands of fellow economic innocents on college campuses, and even professional economists of the ilk of Paul Samuelson were taken in by the siren song of this ineffective and evil system. (He predicted in his economics textbook that the USSR would overtake the American economy).
This morning, a missile that Russia fired at Ukraine flew over Moldova and came within 22 miles of Romania, which is a member of NATO. If the missile had hit Romania, there would have been immediate demands under NATO’s Article 5, especially within the Ukrainian leadership, for NATO to respond immediately by attacking Russia. It’s also worth noting that NATO wants to make...
Twenty years ago this spring the US government was finally successful in lying us into war with Iraq. Administration after administration had sanctioned and bombed and even invaded the country, but finally 20 years ago next month the Bush Administration unleashed “shock and awe” to flatten a country that did not and could not threaten the United States.
I’ve been writing a lot lately about topics such as U.S. politics, the Federal Reserve, the situation in Ukraine and even the threat of nuclear war. But today I want to address the biggest and most complex topic on the geopolitical landscape today — China.
Argentina's inflation rate has hit just shy of 100%, the government said on Tuesday, with savers feeling more pain from some of the world's fastest rising prices and workers' budgets straining as costs outstrip salaries.
Impending regulations in the European Union, which is at the forefront on ESG legislation, will soon require tens of thousands of suppliers across the supply chain in Asia to report their ESG performance, said Amfori president Linda Kromjong.
"Not A Lot Of New Information": Here's What The Big Banks Think About Today's CPI ReportFeb 14, 2023 - 11:44:55 PST
We already shared several kneejerk reactions from Wall Street's peanut gallery, now it's time for the slightly more refined and thought out takes, courtesy of some of the biggest banks such as BofA, Goldman and JPM.
The White House has drawn the ire of the Twitter community by repeating President Joe Biden’s dubious claim that his administration had achieved a historical feat on budget reduction. The Pre…
6-Month T-Bill Surpasses 5% As Treasury Yield Curve Goes More Negative From January Inflation DataFeb 14, 2023 - 08:42:49 PST
MW: The 6-month T-bill rate rose past 5% on Tuesday after the U.S. consumer price index report for January undefined showed inflation to be sticky and slowing...
The price of a dozen eggs in the US exceeded the cost of a pound of ground beef. A global bird flu that has wiped out about 100 million poultry and high production costs have pushed the price of a carton of twelve eggs to a record $4.82 in January, up from less than $2 a year earlier. Meanwhile the price of a pound of ground chuck has fallen to $4.64 from a 2022 peak of $5.12 last August.
Biden Says CPI Report Shows U.S. Has Made Progress on Inflation and ‘On the Right Track': MWFeb 14, 2023 - 08:34:29 PST
President Joe Biden on Tuesday said a fresh report on the consumer price index reflected progress but there was still more work to do. "Today's data...
Feb 14, 2023 - 08:27:19 PST
There are an estimated 600,000 homeless persons in the United States of America, a staggering number for the world's largest economy, 30% of whom are families with children.
Tents and tarps, run-down RVs, and rusted boats repurposed as shelter line one side of the main thoroughfare. More tents and plywood lean-tos hug the freeway underpasses that crisscross Roseville Road, and spill into the nearby neighborhoods and creek beds.
The count reflects a consistent increase in the country’s older population since 1900, when there were 3.1 million Americans 65 and older (4 percent of the population).
Companies are looking to cut costs — and often that means worker salaries.
Our plans to buy new things, travel, invest, and save money, all rely on one crucial factor - our ability to pay for it. This ability in turn is dependent on not just our current savings, but our expected income and confidence in the economy, i.e. consumer confidence.
‘Think of the Unthinkable’: IMF Chief Warns World Is a Very Different Place After Crises Like COVIDFeb 14, 2023 - 07:56:10 PST
IMF Managing Director Georgieva Kristalina said that, in the "shock-prone" world we live in, people need to be more agile and "think of the unthinkable."
Feb 14, 2023 - 07:29:23 PST
Oh, but the rigorous riggery never ends. With that said and with the notes above about how the Bureau of Lying Statistics’ seasonal adjustments in recent months were predictably too..
The Fed's demand destruction policy is monetary quackery, like the Medieval practice of bloodletting. The more blood they took, the worse the patients got...