Gold has all the potential to go unprecedentedly high. But silver will be gold on
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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...
The latest issue of the NFIB Small Business Economic Trends came out this morning. The headline number for December came in at 90.3, up 0.5 from the previous month. This reading comes in worse than Investing.com's forecast of 90.9. The index is at the 8th percentile in this series.
Feb 14, 2023 - 07:17:12 PST
Michael Pettis at China Financial Markets discusses an article on Boosting Consumption by LI Xunlei at the Shanghai Finance Institute.
At Least Two More Fed Rate Hikes and No Cut This Year, Say Economists: Reuters PollFeb 14, 2023 - 07:09:17 PST
The U.S. Federal Reserve will raise interest rates at least twice more in coming months, with the risk they go higher still, according to a majority of economists in a Reuters poll who see no cut by year-end.
In this line, data acquired and calculated by Finbold on February 14 indicate that gold controls a market capitalisation of $12.34 trillion. The valuation is at least six times more compared to the combined market cap of $2.03 trillion controlled by the world’s ten largest banks.
Core CPI Rises 32nd Straight Month, Headline Inflation Hotter Than Expected YoY Driven By Lagging ShelterFeb 14, 2023 - 05:44:43 PST
Finally, the rise in Americans' cost of living outpaced their income gains for the 22nd month in a row (down 1.5% YoY)... Just don't forget the economy is "strong as hell".
Brainard has been leading the U.S Federal Reserve's work on a potential digital dollar and has been minding the store on crypto policy discussions until the central bank appoints its permanent vice chair for supervision.
Kazuo Ueda’s nomination for the Bank of Japan governorship has renewed the focus on market expectations for tighter monetary policy this year.
Japan's economy averted recession but rebounded much less than expected in the fourth quarter as business investment slumped, a sign of the challenge the central bank faces in phasing out its massive stimulus programme.
Summers Warns Now Is Not the Time for Investor ‘Euphoria’—Markets Headed for a ‘Turbulent Period'Feb 14, 2023 - 05:35:45 PST
Summers argued that inflation is still at levels that would have been “unimaginable” two years ago, and “bounce-back factors”—including rebounding wholesale used car and gasoline prices—could make it more difficult to tame than some imagine.
Gold prices are marginally higher early Tuesday in New York after settling at a 5-week low a day earlier as traders awaited an update about the pace of U.S. consumer price inflation in January.
Economists expect the Labor Department's consumer price index report due out Tuesday to support Federal Reserve Chair Jerome Powell's assessment that U.S. inflation is easing.
The International Monetary Fund, World Bank and India will host an inaugural meeting to deal with global debt issues Friday, bringing together creditors including China with borrowing countries to try to hash out solutions for nations with unsustainable debt levels.