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Taking a step back, today I am writing about the ingredients for major bottoms in Gold and how the present compares to the past. As you will see, these ingredients are a mixture of quantitative and qualitative.
Sam Zell, Equity Group Investments founder and chairman, joins CNBC’s ‘Squawk Box’ to weigh in on the Federal Reserve’s move to combat inflation and breaks down his investment strategies amid high inflation.
Some Republican Senators Are Talking About Social Security Cuts, Don’t Say They Didn’t Warn YouNov 4, 2022 - 12:24:41 PDT
As Social Security benefits are looking at a 20% cut without new taxes, we may be talking about major changes to America’s retirement plan.
For four decades after World War II, climate change and job-displacing artificial intelligence were not on anyone’s mind, and terms like "deglobalization" and "trade war" had no purchase. But now we are entering a new era that will more closely resemble the tumultuous and dark decades between 1914 and 1945.
Senior Biden officials and allies are exploring a series of strategies for raising the debt ceiling, in a bid to avert a standoff with Republicans next year that threatens to further rattle financial markets and endanger the nation’s fragile economic recovery.
Issuance of internationally aligned green bonds, usually denominated in U.S. dollars, dropped to $9.43 billion in the July-to-September quarter from $14.71 billion in the prior-year period, according to data from Climate Bonds Initiative.
I know that I touched upon this in Part 2 of this “Fed is Fuct” series, but I just cannot let go of this topic. It is simply too important of a question—in fact, it seems to be the only question in my mind as we find an event-path for “Project Zimbabwe” to re-accelerate.
Policy-makers in Washington and so many states continue to legislate as if inequality weren’t an emergency for tens, if not hundreds, of millions of us.
Homelessness Has Risen 70% in California’s Capital. Inside the Staggering EmergencyNov 4, 2022 - 11:22:42 PDT
The region has seen an almost 70% rise in homelessness since 2019, now counting more unhoused people than San Francisco. At least 9,278 people are estimated to be without a home, the majority of whom sleep outdoors or in vehicles. Encampments can be seen on levees, near schools and next to busy roads.
Nov 4, 2022 - 11:17:45 PDT
Mish: "As for misleading - I suggest the household survey and full time employment may be the one to watch at turns, not the establishment...
Nov 4, 2022 - 11:15:01 PDT
Despite recent gains, Leisure and hospitality employment is 1 million lower than in February 2020.
These Charts Show More Currency Creation is Guaranteed—and 3 Guesses How Gold RespondsNov 4, 2022 - 09:13:30 PDT
It’s not very often you get to use the word ‘guarantee’ and be right about it. But this just might be one of those times.
Nov 4, 2022 - 09:09:12 PDT
This last summer, JPMorgan's CEO Jamie Dimon warned of a "hurricane" coming in the financial system. Alasdair Macleod, Head of Research at GoldMoney, believes the expansionary cycle has ended, and we're heading toward a contraction. Low interest rates have created massive bubbles across markets, especially in derivatives. There could be an unwinding in derivatives as asset values fall amid rising rates. The impact could reverberate through the whole banking system, leading to potential bank failures.
Nov 4, 2022 - 09:04:37 PDT
The eurozone credit crunch has begun in earnest. Lending conditions across the currency bloc are the tightest since late 2012, when the region was still crippled by the sovereign debt crisis.
Fed Officials Barkin and Collins See Possibility for Slower Rate Hikes AheadNov 4, 2022 - 09:03:34 PDT
Two Fed officials indicated that they expect further increases but will be looking at whether those moves need to be as aggressive.
A key segment of the US Treasury yield curve reached new extremes of inversion Thursday, touching a level not seen since the early 1980s when the Federal Reserve also was aggressively tightening policy.
Job-Cut Announcements Were Up 48% Year-Over-Year in October, With More Layoffs “On the WayNov 4, 2022 - 08:56:14 PDT
From: Challenger, Gray & Christmas
Nov 4, 2022 - 08:51:14 PDT
The mortgage market is really hurting under the stewardship of “Inflation Joe” Biden. Bankrate’s 30yr mortgage rate hit 7.35% yesterday, up 155% under Biden.
Something Has Snapped: Unexplained 2.3 Million Jobs Gap Emerges In Broken Payrolls ReportNov 4, 2022 - 08:25:18 PDT
A simplistic, superficial take of today's jobs report would conclude that the red hot jump in nonfarm payrolls indicates a "strong hiring market" (just ignore the jump in the unemployment rate). Nothing could be further from the truth.
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