Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Who’s going to steer away from the cliff? Inquiring minds in Congress, on Wall Street and across the country want to know. Here are some answers.
Whether reflecting the remnants of the pandemic or the difficulty of inflation, Americans remain sour about the state of the union.
So, if you want to believe in the B(L)S, that's fine, but as even Goldman Sachs admitted recently, both claims and JOLTS data is misrepresenting the underlying economic reality in an overly cheerful manner.
In a new survey, two-fifths of millennials say their parents still pick up one or more of their monthly bills. And the most common parental subsidy is the largest: housing. Twenty-four percent of millennials say Mom or Dad pay their rent, and 17 percent say parents cover a mortgage.
The Federal Reserve's money-supply mistakes mean a recession is coming. Given the usual lag of six to 18 months predicted by the quantity theory of money, a recession is right around the corner.
“The historical record cautions strongly against prematurely loosening policy. We will stay the course until the job is done,” but it’s not done, Powell said: Core services inflation ex-housing has not come down.
Apartment List reports the fifth consecutive drop in apartment rent prices but that may not translate to your next lease renewal.
Following November's slump (-1.8% MoM - the biggest drop since the COVID lockdowns), and despite weakening ISM Manufacturing data, analysts expected US Factory Orders to rebound strongly (+2.3% MoM) in December. However, while it did rebound, it rose 'only' 1.8% MoM in December (best since Jan 22)...
Feb 2, 2023 - 07:22:21 PST
"The fact that Russia and China are coming closer and the significant investments by China and new advanced military capabilities just underlines that China poses a threat, poses a challenge also to NATO allies," Stoltenberg told an audience at Keio University in Tokyo. "Security is not regional but global."
British Defense Secretary Ben Wallace said Wednesday that sending fighter jets to Ukraine isn’t the right approach “for now,” but stressed that nothing should be ruled out. “I’ve been involved with this for a pretty long time. And I’ve learned two things; never rule anything in and never rule anything out,” Wallace told reporters when …
One of Biden’s promises during his presidential campaign was to immediately move to end all support for the Saudi-led coalition’s war in Yemen. In February 2021, Biden stood at a podium at the State Department and proclaimed that the war in Yemen must end.
Russia is unlikely to take the bait: It has the real strategic advantage in all areas of engagement with the Ukrainian forces.
Since retiring from the university, several people have asked if I miss it. I tell them I miss what it was, but not what it has become. Higher education in America has gone from being the best in the world to one of the most pathetic.
Tens of thousands of federal government employees, including IRS workers, stole taxpayer money allocated for pandemic-era assistance programs, according to the Pandemic Response Accountability Committee.
Feb 2, 2023 - 07:00:06 PST
...The risk-taking and debt buildup from the prior era will pose significant financial stability risks that threaten to cause catastrophic damage. Without undertaking a frank, unbiased, and data-driven assessment of the Fed’s prior actions, we risk repeating the same mistakes and putting the U.S. in a series of highly abnormal boom-and-bust cycles that are almost entirely driven by monetary policy.”
Feb 2, 2023 - 05:57:39 PST
Silver has sharply outpaced gold’s gains in the past three months, and its classification as both an industrial and precious metal may lead it on a path to even higher prices.
Gold prices extended gains on Thursday to touch their highest in more than nine months, after the Federal Reserve raised interest rates by an expected 25 basis points and Chair Jerome Powell’s comments were read as dovish by the market. Spot gold was up 0.2% at $1,953.28 per ounce after hitting its highest since April 2022 earlier in the session. U.S. gold futures
rose 1.3% to $1,968.30.
Plan advisers say a rise in hardship withdrawals from retirement accounts is driven by financial strain and looser regulations.
If the Saudi regime does indeed embrace substantial trade in currencies other than the dollar as part of its oil-export business, this would signal a shift away from the dollar as the dominant currency in global oil payments. Or measured another way, this would signal the end of the so-called petrodollar.
Shell became the latest oil giant to post a record annual profit last year, joining U.S. peers in surging back from early pandemic losses on soaring energy prices.