Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Your Thanksgiving meal with all the trimmings is expected to cost 20% more than last year.
Helocs were up 40% in the second quarter from a year earlier. Here’s what homeowners should know before taking out home equity.
“Markets are in a much more fragile place, with terrible liquidity,” says Greg Peters, co-chief investment officer at PGIM Fixed Income. “The way I think about fragile market function is that the odds of a financial accident are just higher.”
Goldman Sachs Sees New Rate Hike in 2023, With Targeted Range for Fed Funds Rising to 5%-5.25%Nov 16, 2022 - 11:55:10 PST
Goldman Sachs Group undefined is revising its expectations for interest rates next year, saying it now expects an additional 25-basis-point rate hike in May....
Maxine Waters Dodges Question on FTX, Democrat Ties and Claims ‘Both Sides’ Got MoneyNov 16, 2022 - 11:50:02 PST
Waters avoided reporter Hillary Vaughn’s question when asked if Democrats who received campaign cash from FTX should give it back, saying, "Well, I don't want to get into that. As a matter of fact, both sides, Democrats and Republicans, have received donations. So thank you."
A seismic event just rocked the cryptocurrency universe. FTX, the the world's 2nd-largest crypto exchange imploded last week. Tens of $billions in client assets and market value have vaporized.
Nov 16, 2022 - 07:57:03 PST
Hedge fund manager, Michael Burry, has shared his view on the prospects of gold in the wake of the crypto market downturn.
Nov 16, 2022 - 07:46:09 PST
US mortgage rates fell last week by the most since the end of July, slipping below 7% and helping generate a bounce in purchase applications that otherwise remain depressed, but only in the Seasona…
US Homebuilder Confidence Collapses In October, Future Sales Hope Hits Decade-LowsNov 16, 2022 - 07:15:54 PST
It appears delusion and hope can only last so long - even when one's salary depends on it - as US homebuilder confidence crashed to COVID lockdown lows in November after refusing to see what everyone else was seeing more months.. and what homebuyers were clearly feeling as prices soared along with mortgage rates and devastated affordability for most Americans.
Nov 16, 2022 - 07:14:51 PST
The Civilian Noninstitutional Population is defined as persons 16 years of age and older residing in the 50 states and the District of Columbia, who are not inmates of institutions (e.g., penal and mental facilities, homes for the aged), and who are not on active duty in the Armed Forces.
Bets on $200 oil are increasing at a fast pace.. Oil options traders have become more aggressive than usual, with the ratio between bullish and bearish bets on crude at the widest ever recorded...
The diesel price premium to gasoline and crude oil has hit a record high due to low stockpiles and low refining capacity. The U.S. only had 25 days' worth of distillate stocks in October compared to an average supply of 34 days between 2017 and 2021.
Oil inventories in developed economies are at their lowest level since 2004 according to the IEA’s November Oil Market Report.
The EU embargoes on Russian crude and oil product imports will tighten oil markets even further. Diesel markets, in particular, will tighten, although higher prices will ultimately lead to additional demand destruction.
US Industrial Production Unexpectedly Contracts In October, Capacity Utilization SlowsNov 16, 2022 - 06:57:43 PST
At BlueCrest Capital Management, Michael Platt’s investment firm, there was an increase in stocks tied to commodities, with the purchase of more than 1 million of the SPDR Gold Shares, making it the largest disclosed holding. It also raised wagers on Matador Resources Co. and Chord Energy Corp. as part of increased exposure to energy and materials companies.
WEF's Klaus Schwab Gives Speech To G20 On The "Need To Restructure The World"Nov 16, 2022 - 06:03:02 PST
Klaus Schwab and the World Economic Forum find themselves waiting around for the next global crisis event after the covid pandemic turned out to be much less threatening to the public than they had originally hoped. In the meantime, Schwab continues to pontificate on the virtues of the "Great Reset" and the usefulness of crisis as a means to accomplish a "restructuring" of the current world order.
Driven by recovery in the aftermath of World War I, the Roaring Twenties was a period of economic growth fueled partly by the rapid rise of technology and the transition to a free market economy. It's also remembered as a period of excess, commonly associated with overflowing Champagne flutes, flapper dresses, and raging parties.
Investors speaking at the Bloomberg New Economy Forum are bracing for more pain as inflation and higher interest rates stunt global growth, even as China’s steps to ease its punishing Covid-19 curbs have rekindled some optimism about the world’s second-largest economy.
NEW YORK (AP) — Just days after cryptocurrency's third-largest exchange collapsed, the public is starting to get an idea of how messy FTX's bankruptcy case could be.
Analysts expected a strong bump in retail sales in October (+1.0% MoM) with BofA expecting an even stronger surge thanks to California's stimmy checks.