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I’ve been warning my readers about Biden Bucks coming soon as a threat to your physical cash and your freedoms.
Federal bureaucrats use proxies to stifle all kinds of activities they don’t like. The “Twitter Files” are revealing this tactic to a new wave of Americans, but it has been around a long time. The bureaucratic assault on the First Amendment is part of a larger movement to end personal liberty. The ultimate goal may be to assume financial control over the populace through implementation...
Those investors who are hanging on to the hopes of an imminent Powell Pivot back to ZIRP and QE received some disappointing news from the latest Non-farm Payroll Report. During the month of December, 223k net new jobs were created, and the unemployment rate fell to 3.5% from 3.6%. That 3.5% unemployment rate ties the record low of data going back 50 years.
The US labor market appears to about as strong as it has ever been as the number of Americans filing for first time unemployment benefits plunged to 190k (well below the 214k expectation) - its lowest level since April 2022...
San Francisco Bay Area House Prices Plunge 30% from Crazy Peak: Housing Bust 2Jan 19, 2023 - 07:23:29 PST
Hammered by waves of layoffs, swooning stocks, collapsing cryptos, and 6% mortgage rates.
Housing Starts, Building Permits Plunged In December... And It's About To Get WorseJan 19, 2023 - 07:10:47 PST
US Housing Starts and Building Permits both declined in December (-1.4% MoM and -1.6% MoM respectively) with starts better than expected but forward-looking permits below expectations. This is the 3rd straight month of declines in permits and 4th straight drop in starts...
Gold prices rose on Thursday and are set to snap a three-day losing streak, helped by a weaker dollar and as signs of cooling U.S. inflation raised bets on smaller rate hikes by the Federal Reserve.
Putin Ally Medvedev Warns NATO of Nuclear War if Russia Is Defeated in UkraineJan 19, 2023 - 06:13:16 PST
Former Russian President Dmitry Medvedev, an ally of Kremlin chief Vladimir Putin, warned NATO on Thursday that the defeat of Russia in Ukraine could trigger a nuclear war.
The countdown toward a possible U.S. government default is in the offing — with frictions between President Joe Biden and House Republicans raising alarms about whether the U.S. can sidestep a potential economic crisis.
The dollar slipped on Thursday after a raft of data showed the U.S. economy is losing momentum, while the yen rebounded as traders continued to bet the Bank of Japan will shift away from ultra-loose monetary policy. Analysts said the fall in yields, which makes dollar-denominated bonds less attractive, was one factor weighing on the greenback,...
Oaktree Capital Group LLC co-founder Howard Marks, a closely watched investor in high yield debt, says the rally in junk bonds can’t last.
European Central Bank president Christine Lagarde has warned that inflation figures remain "way too high" despite optimism that price growth may have recently peaked.
The U.K. central bank is widely expected to raise its key interest rate by half a percentage point on Feb. 2.
Germany for decades led on well-engineered combustion cars. It’s now facing a watershed year in the quest to retain an edge in the age of electric vehicles.
The Federal Reserve should resist the temptation to slow the pace of interest rate hikes, said St. Louis Fed President James Bullard, on Wednesday.
"I actually think rates are probably going to go higher than 5% ... there's a lot of underlying inflation, which won't go away so quick," Dimon said. Policymakers at the central bank have said they will continue to push with interest rate hikes to get inflation firmly under control even as the economy shows signs of a slowdown.
European Central Bank Governing Council member Klaas Knot said there’ll still be more than one half-point increase in interest rates, with the inflation situation remaining unsatisfactory.
Philadelphia Federal Reserve President Patrick Harker reiterated on Wednesday that he is ready for the U.S. central bank to move to a slower pace of interest rate rises amid some signs that hot inflation is cooling. "High inflation is a scourge, leading to economic inefficiencies and hurting Americans of limited means disproportionately," Harker said in a speech that closely followed...
CEO pay overall has risen by 1,460% since 1978, according to the Economic Policy Institute.
Bank of America Customers Report ‘Disappeared’ Money From Accounts After Zelle IssueJan 19, 2023 - 05:47:57 PST
After a flurry of complaints about missing funds on social media, Bank of America said "there was a delay in posting Zelle transactions" that has now been resolved.