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Contracts on U.S. stock gauges fell, with Tesla Inc. and Big Tech names in the red in premarket trading. Lyft Inc. tumbled after its outlook disappointed analysts. European equities extended their worst weekly drop in nearly two months, while the region’s bonds also fell.
You've probably heard the saying that history might not repeat, but it often rhymes. If that's true, looking back at the runup to the 2008 financial crisis and Great Recession should cause concern. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey looks at some of the parallels between then and now. He also digs deeper into the January jobs report and explains why you should be skeptical.
US & WORLD FINANCE PONZI IN SERIOUS TROUBLE: Surging Debt Service Devouring Economic Activity & Impacting GDPFebruary 10, 2023
The World's Great Ponzi Scheme in history is in serious trouble as surging debt service negatively impacts economic activity and GDP. Unfortunately, this situation only worsens as the world heads over the Energy Cliff. You would be surprised at how large the world's annual interest expense was last year...
All investment markets are predictive mechanisms — crystal balls, if you will, that discount future events by pricing assets today. But even though every market attempts to anticipate the future, none seem to do it as well as gold, asserts junior gold mining expert Brien Lundin, editor of Gold Newsletter.
Feb 9, 2023 - 13:09:21 PST
The legislation would take steps to treat gold and silver as money in Missouri and encourage its use as such, including making it legal tender, and eliminating the state capital gains tax on gold and silver. It also prohibits any entity of the state from requiring payment in the form of any digital currency, including a central bank digital currency (CBDC).
Gold has been regarded for a long time as a safe haven commodity that investors and governments use to protect their wealth. While the metal posted a small gain in 2022 for investors in the U.S., it posted significant gains against other currencies. This graphic based on data from the World Gold Council assesses gold’s price performance against major currencies in 2022.
The village of Tanohata, Iwate Prefecture, said Wednesday it has received a donation of 120 gold bars worth ¥500 million from a person who requested anonymity.
Four years ago, the UK government recognised Juan Guaidó as Venezuela’s president. He’s now gone, but the Bank of England is still holding some of the country’s key assets.
n our view, inflation is the most mispriced macro variable in markets today. CPI growth is 5.1% higher over the last two years, but five-year forward inflation expectations are essentially unchanged. Based on our analysis, structural forces are likely to keep the annual growth rate in consumer prices elevated for much longer and substantially higher than currently priced into markets. If inflation remains stickier than policymakers are expecting, it has profound implications for the valuation of financial assets.
The U.S. Census Bureau Index of Economic Activity (IDEA) is an aggregation of 15 of the Census Bureau’s primary economic data series that provides a single time series constructed as a weighted average.
As US inflation gradually eases, the claim that today’s inflationary pressures are the result of a temporary supply shock has re-emerged. While this thesis may be comforting, it could also encourage dangerous complacency, making an already serious problem much harder to solve.
Feb 9, 2023 - 12:02:09 PST
Move may trigger strong Russian retaliation, drag NATO into conflict...
Saudi Minister Warns Sanctions, Underinvestment May Cause Energy ShortagesFeb 9, 2023 - 12:00:37 PST
Saudi Energy Minister Prince Abdulaziz bin Salman warned on Saturday that sanctions and underinvestment in the energy sector could result in a shortage of energy supplies.
If It Was the Start of a New Bull Market - Great. But It’s Not: Fred HickeyFeb 9, 2023 - 11:54:24 PST
Excesses haven't been wrung out. We're not even close to the capitulation one should expect at a bottom. I was a tech buyer at 1987, 1990, 2002 & 2008 bottoms - but I wouldn't get near this market with a 10-foot pole
... and second, the Large 25k ES 2/17 4050 put buyer (who according to some unconfirmed twitter reports may be Carl Icahn, although there is zero evidence of this). That said, there has been only a change of 18k OI at that strike for today.
Does Government Create a "Level Playing Field" or Does It Make the Field More Uneven?Feb 9, 2023 - 11:48:49 PST
Bernie Sanders and other politicians have made socialism attractive to voters, especially young ones, because it promises to eliminate the injustices of capitalism.
The Biden administration has increased federal government spending by a record $3.4 trillion since January 2021.
The portion of the budget that politicians control is shrinking. Meanwhile, their appetite for spending is expanding.
I’m going to talk about the difference between bail-ins and bailouts. Then I’ll explain under what conditions a bail-in can occur. Finally, I’ll give you a couple of ways to make sure that never happens to you.
Spread Between 2- & 10-Year Treasury Yields Is on Pace for Its Deepest Inversion Since October 1981Feb 9, 2023 - 08:16:51 PST
MW: The Treasury curve, as measured by the spread between 2- and 10-year yields, headed for its deepest inversion in more than 41 years on Thursday. The spread...