Gold has all the potential to go unprecedentedly high. But silver will be gold on
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And so it is always worth remembering the lesson of Benjamin Franklin, who was convinced that “those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety.”
The Federal Reserve's Federal Open Market Committee (FOMC) on Wednesday announced it will raise the target federal funds rate by 50 basis points, bringing the target rate to 4.5 percent.
The evidence from the last thirty years is clear. Keynesian policies leave a massive trail of debt, weaker growth and falling real wages.
Dec 15, 2022 - 12:10:42 PST
And then we have unfunded liabilites from the Federal government at a staggering $173.3 trillion, which is 452% of Federal debt. What did Pelosi (or Boehner/Ryan) do to fix this problem? Nothing. She kept spending like crazy.
Luke Gromen: Ballooning Deficit Caused By Higher US Debt Costs Likely To Force The Fed To PivotDec 15, 2022 - 11:59:48 PST
Higher interest rates are creating a bigger problem than most realize. With their aggressive return, the gargantuan pile of federal debt has suddenly become a lot more worrisome.
Here Comes The Job Shock: Philadelphia Fed Admits US Jobs "Overstated" By At Least 1.1 Million Dec 15, 2022 - 11:50:00 PST
Regular readers are well aware that back in July, Zero Hedge first (long before it became a running theme among so-called "macro experts") pointed out that a gaping 1+ million job differential had opened up between the closely-watched and market-impacting, if easily gamed and manipulated, Establishment Survey and the far more accurate if volatile, Household Survey - the two core components of the monthly non-farm payrolls report.
From my perspective, until we see a fed funds rate significantly above the rate of inflation and one that is maintained at that level for a prolonged period of time (years not months) it’s hard to argue today’s fed is truly hawkish.
Dow Tumbles More Than 800 Points as Investors Fear the Fed Is Tipping the Economy Into a RecessionDec 15, 2022 - 09:00:57 PST
Investors were digesting the Fed's decision to keep hiking rates through 2023 and its higher-than-expected terminal rate.
(Bloomberg) -- Stocks declined across global financial markets after a wave of rate hikes from central banks, with the Federal Reserve and the European Central Bank warning of more pain to come.
The numbers coming out today are not good. November numbers were 1) US Industrial Production was down -0.2% MoM, 2) manufacturing production is down -0.6%, 3) retail sales advanced down -0.6% (most…
The high cost of living is straining household budgets across the board. These moves can keep your budget in check heading into the new year.
The Pentagon is discussing the possibility of sending a small number of additional troops to Ukraine to step up the tracking of weapons being sent into the country, NBC News reported on Monday. Back in October, the Pentagon said that US military personnel based at the US embassy in Kyiv began conducting “onsite” weapons inspections …
Russia Warns U.S. Of ‘Unpredictable Consequences’ if It Sends Patriot Missile Systems to UkraineDec 15, 2022 - 06:59:55 PST
Russia warned the U.S. that if it sends Patriot missile systems to Ukraine it will consider the move a provocation that could have "unpredictable consequences."
Powell Sends Markets Into the Red: Watch Out for the ‘Bazooka’ Expected by ExpertsDec 15, 2022 - 06:12:50 PST
Red dominates European markets this Thursday, with the Ibex 35, CAC 40 and DAX following the same tone of yesterday's negative close for Wall Street's S&P 500, NASDAQ, Dow Jones, and the falls in Asia early this morning, after Jerome Powell's speech yesterday following the U.S. Federal Reserve's rate decision.
Gold prices retreated more than 1.5% on Thursday, falling to their lowest levels in a week, as the dollar strengthened after the U.S. Federal Reserve signalled higher interest rates for a longer period.
Thousands of tech workers laid off every single week as the Silicon Valley ponzi crumbles under the weight of the Fed's rate hikes? Not according to the Department of Labor, which moments ago reported that in the latest week, initial claims unexpectedly tumbled by 20K to 211K from 231K, the lowest since September 23 and far below the consensus estimate of an increase to 233K; at the same time unadjusted claims dropped from 288K - the highest since January - to 248.9K.
US Retail Sales Tumble In November As California 'Anti-Inflation' Stimmies EndDec 15, 2022 - 06:09:17 PST
US Retail sales notably disappointed in November, just as BofA expected...
Fed Won’t Meet Inflation Goal Without ‘Deep, Job-Destroying Recession’: Bill AckmanDec 15, 2022 - 06:06:49 PST
Hedge fund manager Bill Ackman believes the Federal Reserve’s 2% inflation target is unattainable, at least not without severe pain for the U.S. economy.
US credit-card and personal-loan delinquencies are likely to rise in 2023 to the highest in a dozen years, with lenders cutting back on originations as a potential recession looms.