Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Sep 27, 2022 - 12:54:57 PDT
Based on behavior of the credit and currency markets, along with the glaring repositioning of paper gold and silver between the banks and the hedge funds per the COT report, I believe that a similar trigger event will occur in the coming months, possibly before Christmas.
Sep 27, 2022 - 12:52:02 PDT
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2022 is 0.3 percent on September 27, unchanged from September 20 after rounding. After releases from the National Association of Realtors and the US Census Bureau, the nowcast of third-quarter gross private domestic investment growth decreased from -7.4 percent to -7.6 percent.
Wharton’s Jeremy Siegel Rips Fed for Mishandling Inflation, Driving Country Towards ‘Deep Recession’Sep 27, 2022 - 12:49:05 PDT
Wharton business school professor Jeremy Siegel warned Tuesday the Federal Reserve's hawkish stance on combating inflation is sending the U.S. economy towards a "deep recession." On "Cavuto: Coast to Coast," Siegel unpacked the Fed's recent rate hike and argued an "excess of monetary growth" over the past two years created the "inexcusable" problem.
Inflation expectations in the US have tapered off since May, but the inflation genie won’t easily be put back into the bottle.
Hunger is spreading among Americans with steady but low-paying jobs, reversing President Joe Biden's early success in cutting food scarcity by nearly a third and threatening to worsen as the country teeters on the brink of recession.
Russian President Vladimir Putin finally abandoned hope in mid-September that he could rebuild a bridge to the West. With that realization, he committed Russia to the new anti-Western pact.
The turning point was the signal Putin received from the United Kingdom over the funeral of Queen Elizabeth II. It had little to do with the military setbacks in the Ukraine war, for which he had already begun planning.
The US is locked in endless proxy war with Russia over Ukraine. The US is locked in rapid escalation with China leading to possible war over Taiwan. The US is locked in a collision course with Iran over their imaginary nuclear program that could blow up the Middle East. I’ve not been as concerned about …
German magazine Spiegel said the US Central Intelligence Agency (CIA) recently warned Berlin about the increasing signs of a possible planned attack on the Nord Stream pipeline system. Spiegel reported, citing unnamed sources, that the CIA tipped off Berlin in the summer about possible attacks on NS1 and NS2.
It appears as if some kind of explosion blew three huge holes in the NordStream I and II pipelines near Danish waters. Massive leaks are showing up on the surface of the Baltic Sea. Whodunnit? Would Washington blow up Russia's pipeline? Germany? Russia?
The goal of the latest interest rate hike from the Federal Reserve? To avoid a deep recession “by acting with resolve now,” according to Fed Chairman Jerome Powell. But if history is any guide, this is a case of too little, too late.
Banks Are About To Face The Same Tsunami That Hit Telecom Twenty Years AgoSep 27, 2022 - 11:32:20 PDT
I fear global bank regulators are about to make a decision that will unintentionally “obsolete” the banks, by prohibiting a coming tech pivot. Making this mistake would guarantee that the tech industry continues going around the banks, right as internet-native payment technologies are starting to scale.
If New Orleans were an outlier, it would be a shame; the fact that it’s not is a tragedy. Instead, New York, Chicago, Portland, LA, San Francisco, Philadelphia, and other American cities are part of the club. Crime has been up across America over the last two years, in most cases dramatically.
st study hard and take advantage of every single opportunity. People are sick of the elites? That means they are likely open to the concepts of non-interventionism and sound money. Let’s help educate them!
Sep 27, 2022 - 11:17:37 PDT
WASHINGTON—New economic numbers show that the average American has lost the equivalent of $4,200 in annual income under the Biden administration because of inflation and higher interest rates.
History shows that the Fed will overshoot. There won’t be any “soft landing.” That damage may help Powell get to his inflation target. But it will increase unemployment and destroy stock markets along the way. That’s if all goes according to plan. The actual scenario could be worse. Market investors are not ready for this. But you should be.
There’s no question that Fed-induced speculation encouraged investors to chase extreme valuations, and to accept low returns on every class of investments. Unfortunately, Fed policy does not change the arithmetic that links valuations with subsequent returns. By our estimates, the S&P 500 is likely to lag Treasury bonds, and even Treasury bills, for more than a decade.
Foreigners Are Short Energy and Long $7.5T in USTs and Winter Is Coming in the Northern HemisphereSep 27, 2022 - 08:50:26 PDT
Foreigners are short energy and long $7.5T in USTs and winter is coming in the northern hemisphere. The description "deepest & most liquid market in the world" increasingly looking like it needs an asterisk. #TLT
The lesson is one that I’ve been preaching for years: When the Fed tries to normalize, they can’t do it. They’re caught in a trap of their own creation, with no way out, or at least no easy way out without causing a lot of pain and misery.
For the First Time Since the Great Recession, the Superrich Did Not Get Richer This YearSep 27, 2022 - 08:40:20 PDT
After a roaring 2021, the 400 richest people in the U.S.—along with many Americans—have been hit by rising inflation and falling markets. As a group, this year’s Forbes 400 is $500 billion poorer than they were a year ago. Their total net worth stands at $4 trillion, down 11% from last year.
Central banks around the world are getting involved in digital currencies, but some are further ahead than others. In this map, Visual Capitalist's Marcus Ku uses data from the Atlantic Council’s Currency Tracker to visualize the state of each central banks’ digital currency effort.