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Inflation: Fed’s Beige Book Shows Resilient Companies — With Cracks EmergingOct 20, 2022 - 05:27:40 PDT
The job market continued to remain solid in October, according to the Federal Reserve’s Beige Book, alongside elevated prices for materials used to make products across a number of industries.
Today, there was a MAJOR EVENT suggesting something Big has changed in the Silver Market. This is just a quick update because I believe it is a very important trend change. I will be posting the STRATEGIC Silver Report tomorrow, which is a MUST-WATCH video...
The Silver Institute released a video entitled, "Silver: The Element of Change." The video covers numerous facets of one of the most widely-used and indispensable precious metals: silver. The video explores silver's role in history and how it changed the course of countless lives in times of the Greek and Roman Empires, when it was used to prevent infection.
My advice to investors is that when you have gold, you should think about the quantity of gold by weight, not dollar price. Don’t get too hung up on the dollar price, because the dollar could collapse quickly and then the dollar price wouldn’t matter. What would matter is how much physical gold you have. The goal is to preserve wealth for the long run.
Oct 19, 2022 - 13:08:02 PDT
Two hundred and forty-one years ago this week, sound money helped save the day during the critical Battle of Yorktown.
"Colombian President Petro Urges People Not to Take Money Out of Colombia en Masse: BBG"Oct 19, 2022 - 12:54:42 PDT
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The Colombian peso continues to devaluate at a historic rate, setting off the alarm bells among investors that the economy is in peril of entering recession.
When the $400 trillion global credit-asset bubbles all pop, maybe there will only be $100 trillion in wealth sloshing around.
Housing Market Standstill. That’s not a standstill. It's a collapse. So is this. 60,000 Deals Called Off
Oct 19, 2022 - 12:26:38 PDT
We’re at the truck stop at the end of the world! US core inflation keeps rising and diesel fuel, the life line of the economy, is rising again and is UP 107% under Biden. And the inventory of diesel fuel is DOWN -35.2%.
"Weeks Away From Whole $hithouse Coming Down" - Holter Warns This Crash "Will Make 1987 Blush"Oct 19, 2022 - 12:19:27 PDT
...Think about how big the derivatives market is. Total credit worldwide is $350 trillion, but you have derivatives pushing $2 quadrillion. I have said this all along, derivatives will blow up. Warren Buffett has called them financial weapons of mass destruction. They are far bigger than central banks can fix.”
Oct 19, 2022 - 12:00:50 PDT
“The Earth speaks to us through the elements of nature. In every natural thing, we can find a hidden, powerful message.”—Ralph Waldo Emerson Every natural element with which the earth has been endowed has a usefulness—a purpose. If we listen to gold, its message is loud and clear—gold is money.
Goldman Sachs Says Its Upside Looks Significantly Greater Than Its Downside: CNBC PROOct 19, 2022 - 09:12:52 PDT
Goldman Sachs Predicts How Gold Will Perform in Different Economic Scenario. Gold has had a choppy year — but Goldman Sachs says its upside looks significantly greater than its downside.
Deficits didn’t matter – until raging inflation brought the bond vigilantes back to life.
Housing Bubble Woes: Plunge in Buyer Traffic & Homebuilder Confidence a Lot Faster than During Housing Bust 1Oct 19, 2022 - 08:46:35 PDT
Holy-moly mortgage rates of 7% slash demand for new houses due to super-inflated prices, but prices are now coming down.
The BLS Real Earnings Report for September shows another monthly decline in real wages.
Oct 19, 2022 - 08:31:27 PDT
Model is down 20% this year, its worst return since 2008 Yet routs could allow model to ‘rise from the ashes’ (Bloomberg) Blame the Fed, war and fiscal profligacy all you want. But big trouble was … Researchers at the Independent Adviser for Vanguard Investors said it was a bad time to “steer a new path” and abandon the balanced approach.
Analyst Greg Melich warned that comparable store sales for BBY could continue to run negative into 2023 as deflation sets in for the consumer electronics category. The firm said there are already early signs of deflation in consumer electronics.
Larry Summers Thinks He Knows What Could Be Triggering a Giant Global RecessionOct 19, 2022 - 07:38:07 PDT
“We’ve got the most complex, disparate, and cross-cutting set of challenges that I think I can remember in the 40 years I’ve been following this stuff,” Larry Summers said on Friday.