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Here’s what leaders from Nasdaq, Microsoft, Tesla and elsewhere said about the economy, inflation and other topics this week.
Fed, Bank of England and ECB are expected to hike rates, while US jobs data and corporate earnings will further test investors’ mettle...
There is a relentless push to raise the minimum wage, both at the state and national levels.Minimum wage advocates somehow think that their wishful thinking can override basic economics. But no matter how much they tell you otherwise, supply and demand are a thing. Raising the cost of labor will mean less labor employed, all other things being equal.But every so often, we get an economic study that claims basic economics has been overturned.
The mainstream is optimistic about both the economy and the Fed's fight against inflation. In his podcast, Peter Schiff took apart the mainstream narrative, explaining that the economy is much weaker than most people realize and the Fed is nowhere near victory in the war on inflation.
THE GLOBAL OIL NET EXPORT PROBLEM YOU MUST TO SEE: Rising Oil Production Can't Keep Up With Rising Domestic ConsumptionJanuary 30, 2023
The Global Oil Industry is facing a Big Problem as exporting countries are consuming more of the oil they are producing. This is called the "Net Oil Export Problem." Unfortunately, the industry seems to ignore this while it focuses primarily on the overall rising world oil supply. Good grief...
PRECIOUS METALS COMMUNITY, NOT WHAT IT APPEARS TO BE: Troubling Things Taking Place Behind The ScenesJanuary 29, 2023
Every once in a while, you have to stand up and do what you believe is right. This is one of those very times. While I may get some negative criticism on this, it is quite frustrating to see what is taking place in our very own Precious Metals Community. So, I say... Let the Chips Fall As They May...
In a surprising turn of events, archaeologists have discovered a gold leaf-covered ancient mummy inside a sarcophagus that had been unopened for 4,300 years.
The lifelong wholesaler reflects on the global implications of Russia’s plan to launch its own gold-pegged stablecoin, evaluating its potential to undermine the role of fiat currencies in foreign trade transactions.
Over very long periods, Gold (and commodity prices) have an inverse relationship to the US Stock market. When Gold and commodity prices are in a secular bull market, the US stock market is in a secular bear market and vice versa. However, over shorter periods, such as a few years, the relationship between these asset classes can take many forms.
We have confirmation from the highest sources that Russia and the Shanghai Cooperation Organisation are considering using gold for pan-Asian trade settlements, fully replacing dollars and euros.
Jan 27, 2023 - 12:36:17 PST
Manly wonders whether it's because "powerful European interests want a seat at the gold table" or because the crooked bank thinks it can make money there again.
As reported by CNBC last week, the Consumer Price Index (CPI) figure of 6.5% shows how the mainstream media disseminates false economic information for consumption by the masses. Try to spot some of the more concerning parts: december_2022_cpi_inflation.png Initially, the chart raises questions such as where this data comes from and who participated in the sampling.
The Federal Reserve has created a huge boom full of bubbles. But after the boom must eventually come a bust. Ryan and Tho talk to Mises Institute Senior Fellow Mark Thornton about what to expect from the next recession and how we got ourselves into our current inflationary mess.
The U.S. Bureau of Labor Statistics released new Producer Price Index (PPI) data on Wednesday, and it looks like the rate of increase in price inflation is slowing. Nonetheless, year-over-year price inflation in December remained near 40-year highs, and shows the marketplace is still dealing with the nearly six-trillion-dollar surge in…
Jan 27, 2023 - 12:05:33 PST
Current data is easily within a timeframe that recession may have started. In half of the last eight recessions, a recession had already started on the current numbers.
Jan 27, 2023 - 12:01:29 PST
Kansas City is a wonderful city. But the KC Fed’s Services Survey is not. In fact, it plunged to -11 for January. Rough start to the new year. The decline in the KC Fed survery mirrors that o…
The financial crisis, covid, the Russia-Ukraine war and now the economic hardship around the world is causing central banks and governments to ensure they have the security of gold as they know it acts as an insurance when hard times get even harder.
The countries now directly involved in the war in Ukraine with weapons, money, intelligence, mercenaries or financial sanctions include the U.S., the U.K., Germany, France, Poland, Lithuania, Canada, Australia, Ukraine, Russia, China, Syria, Iran, Turkey, Japan, Romania, Belarus and Moldova. These countries span four continents. The economic ramifications are global. If this is not a world war, it’s not clear what is.
"The Bot Is Out There. It Doesn’t Feel Pity, Or Remorse, Or Fear, And It Absolutely Will Not Stop Until Your Job Is Dead"Jan 27, 2023 - 08:18:28 PST
Last night we had a fascinating team discussion about the implications of ChatGPT and AIs. One conclusion reached was that replacing brains with a machine will do to middle-class jobs what replacing muscles with a machine did to working class jobs: lots will be destroyed, and those left will have to be either very skilled or very unskilled.
As the following charts from Bloomberg’s Michael McDonough highlights, S&P 500 call transcripts references to “labor shortages” are moderating and talk of “job cuts” is on the rise.