Gold has all the potential to go unprecedentedly high. But silver will be gold on
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The ongoing economic-power shift from the West to the East continues to gain steam, with the BRICS bloc of emerging economies at the center of the transition. In the coming year, the five BRICS countries will likely be joined by other dynamic resource-rich countries, creating an impactful alliance that may aggravate geopolitical tensions.
Dec 22, 2022 - 11:59:34 PST
Congress Can Reduce the Deficit by $7.7 Trillion in 10 Years... The Congressional Budget Office projects that future U.S. budget deficits will explode. But there's a way out.
"No matter what virtue-signalers claim, we would be shooting ourselves in the foot by trying to mitigate the effects of industry on the environment by reversing technological advancement." ~ Jason Reed
The Reservation Wage is the minimum wage a person working would accept for switching jobs or a non-working person would accept for taking a job.
Below, we consider a blender of history, simple math, sober facts and comical arrogance to better understand gold’s loyalty in a time of disloyal financial stewardship.
Right from the start, 2022 became the year the stock market imploded with all major indices down and down … and down some more all year long. So far, this is the year Santa’s slay didn’t soar..
"I'm leaning short on the equity markets," David Tepper, founder of Appaloosa Management, said in an interview with CNBC's "Squawk Box" Thursday. "The upside/downside just doesn't make sense to me when I have so many … central banks telling me what they are going to do."
The Conference Board's Leading Economic Indicators (LEI) suffered a significantly worse than expected drop in November, tumbling 1.0% MoM (vs -0.5% exp).
Is it time to buy the dip or to look somewhere else entirely?
Everyone has a line in the sand when it comes to inflated prices they refuse to pay. For one Walmart shopper I observed, it was a carton of eggs for close to $10. She announced her line in the sand verbally, with great force and sincerity.
Turkey Hikes Minimum Wage by 55% As Inflation and Living Cost Crisis BiteDec 22, 2022 - 07:23:23 PST
The move is aimed at easing the impact of surging living costs, but economists worry it will further increase inflation. The country's official rate of inflation is currently at a 24-year high of 84.4%.
Millions at Risk of Losing Medicaid in Provision Tucked Inside $1.7 Trillion Federal Spending BillDec 22, 2022 - 07:11:57 PST
Under the funding bill, states could start reviewing people's Medicaid eligibility on April 1 and terminate their coverage if they no longer meet requirements.
US Senate Strikes Deal to Unblock $1.7 Trillion Spending Bill: BloombergDec 22, 2022 - 07:08:01 PST
Republican sought vote on provision to extend Title 42 Holdup risked forcing Congress to pass stopgap funding bill.
Looking at the bigger picture, the third-quarter increase in real GDP reflected increases in exports, consumer spending, business investment, and government spending that were partly offset by decreases in housing investment and inventory investment. Imports, which are a subtraction in the calculation of GDP, decreased.
Gold at $4,000? Analysts Share Their 2023 Outlook as Inflation, Recession Fears LingerDec 22, 2022 - 05:49:02 PST
Juerg Kiener, managing director and CIO of Swiss Asia Capital, said investors would look to gold with inflation remaining high in many parts of the world.
Republican Senators Propose Overhaul of Federal Reserve Amid Concerns About PoliticsDec 22, 2022 - 05:47:45 PST
Seven Republican U.S. senators on Wednesday announced a new bill aimed at reshaping the Federal Reserve's 12 regional banks, amid concerns that those institutions have become too political.
The Fed Is Not Your Friend: Three Ways to Navigate 2023's Greatest UnknownsDec 22, 2022 - 05:44:59 PST
Tenured investors understand they’re deploying capital during two of the greatest unknowns in recent history. It’s important for all investors to maintain perspective and use the following three ways to navigate 2023’s greatest unknowns.
Euro zone governments will have to charm private buyers to step in and buy 400 billion euros of additional debt next year, which will keep the bloc's battered bond markets under pressure as the European Central Bank further unwinds its support. The ECB, effectively a guaranteed debt buyer since it launched quantitative easing (QE) in 2015...
Goldman Sachs, however, forecasts the run-off will likely spill into late 2024 or even 2025 before the Fed changes gear, highlighting the uncertainty that still haunts this part of the central bank outlook.
The next financial crisis will come from “private cryptocurrencies” if they are not banned, RBI Governor Shaktikanta Das said at a banking and finance event on Wednesday.