Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Pending sales are signed contracts where the transaction has not closed. They are a leading indicator of future existing home sales.
A downturn in the residential real estate market could be nearing, Kieran Clancy, a senior US economist at Pantheon Macroeconomics, recently warned. The potential for a major price decline has been on our radar in recent quarters as elevated mortgage rates and record-high prices create an unfavorable environment for buyers.
Dec 30, 2022 - 08:35:47 PST
If lawmakers keep spending like they are, and if the Fed backs down from taming inflation, then the government may create a perfect storm.
Dec 30, 2022 - 08:18:09 PST
Wipeout! More tech tantrums. China’s Covid surge. And above all, no central banks riding to the rescue if things go wrong. Reeling from a record $18 trillion wipeout, global stocks must surmount al…
Keeping an Eye on the Labor Market to See if the Fed’s Anti-Inflation Drug Started WorkingDec 30, 2022 - 08:09:27 PST
Maybe just a little. But not seeing the Great Loosening of the job market yet. Laid-off H-1B visa holders complicate the picture.
Mike Maloney recently made an investment move - find out what he has bought in today's Insider Action Alert.
President Biden and congressional Democrats imposed a long list of tax increases as part of their “Inflation Reduction Act” passed in 2022. On Jan. 1, 2023 the following Democrat tax hikes will take effect: $6.5 Billion Natural Gas Tax Which Will Increase Household Energy Bills. Think your household energy bills are high now? Just wait ...
In the Pacific, Outcry Over Japan’s Plan to Release Fukushima Wastewater: NYTDec 30, 2022 - 07:28:11 PST
The proposal has angered many of Japan’s neighbors, particularly those with the most direct experience of unexpected exposure to dangerous levels of radiation.
Dec 30, 2022 - 07:24:24 PST
Video of the incident was shared by the command, and the brief clip shows the Chinese plane approaching the American jet before the pilot begins evasive maneuvers.
Dec 30, 2022 - 07:22:52 PST
This is the first time a Chinese aircraft carrier group has been seen sailing close to Guam.
Bernie Marcus, 93, believes the success the company he began with Arthur Blank in 1978 couldn't happen today.
Gold prices were set to wrap up their best quarter since June 2020 on investor expectations the U.S. Federal Reserve will slow its interest rate hikes after its fast-paced hiking cycle kept bullion gains in check.
The legislation includes record military funding, emergency aid to Ukraine, more aid for students with disabilities, additional funding to protect workers' rights and more job-training resources, as well as more affordable housing for families, veterans and those fleeing domestic violence.
Inflation presents a challenge to preserving wealth in real terms that has not been faced in decades
Liquidity: Wall Street Wants Capital Rules Eased to Unblock $22Trillion Treasury MarketDec 30, 2022 - 05:48:59 PST
Wall Street analysts and lobbyists are calling for the Federal Reserve to ease capital requirements to improve liquidity in the $24tn Treasury market as part of an ongoing review of rules governing the nation’s largest banks. A Bloomberg index measuring liquidity in the Treasury market hit its worst levels in late 2022 since the market shock of March 2020.
Oil Prices Are Set for Small Gains in 2023 on a Darkening Global Economic BackdropDec 30, 2022 - 05:45:53 PST
Oil prices are set for small gains in 2023 as a darkening global economic backdrop and COVID-19 flare-ups in China threaten demand growth and offset the impact of supply shortfalls caused by sanctions on Russia, a Reuters poll showed on Friday. A survey of 30 economists and analysts forecast Brent crude would average $89.37 a barrel in 2023...
Global stocks were on Friday set to close out the worst year since the 2008 financial crisis after the battle by central banks to tame inflation and the war in Ukraine sent powerful waves rushing across asset markets. Bond markets also endured heavy selling: the US 10-year government bond yield, a global benchmark for long-term borrowing costs, has shot...
The yield on the benchmark U.S. 10-year Treasury note fell on Thursday following three straight sessions of gains, as labor market data showed new claims for unemployment benefits increased last week. The Labor Department said weekly initial jobless claims rose by 9,000 to a seasonally adjusted 225,000, in-line with expectations, while continuing...
Euro zone government bonds fell on Friday, the final trading session of 2022, topping off an historically bad year for European sovereign debt. The yield on Germany's 10-year government bond was up 4 basis points (bps) to 2.506%, after slipping 4 bps in the previous session. The yield on the German 10s, seen as a benchmark for the euro zone...
The Bank of Japan announced an unprecedented third day of unscheduled bond purchases as it fights back against speculation it is about to end its super-accommodative monetary policy.