Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Sep 19, 2022 - 08:06:07 PDT
The National Association of Home Builders market index fell more than expected in September to 46, the lowest reading since 2012 (if I exclude the Covid economic shutdown).
Sep 19, 2022 - 08:02:20 PDT
The Federal Reserve’s Open Market Committee (FOMC) will announce their latest round of rate increases on Wednesday, September 21st, at 2pm EST. Will the members of the FOMC discuss the fact that the US debt load is now at a whopping 123% of GDP?? Or will the FOMC only discuss inflation in its deliberations?
Inflation is stubborn because “goin’ green!” by 1) restricting US fossil fuel production and exploration and 2) Biden/Congress endless spending splurge since Covid. So, The Federal Reserve has a tough problem: cooling inflation while US energy prices are up 54% under Biden. And those higher energy prices have percolated through the entire economy in terms of food prices and heating prices.
Sep 19, 2022 - 07:56:40 PDT
Its a beautiful morning here in Columbus Ohio! Unfortunately, things are not so beautiful for the US economy. Let’s begin with the US Treasury 10yr-2yr yield curve slope. Historically, the yi…
Gold prices slipped on Monday, pressured by a firmer dollar as investors braced for aggressive interest rate hikes by the U.S. Federal Reserve and other central banks this week in an effort to tame high inflation.
The risk of a euro-area recession has reached its highest level since July 2020 as concerns grow that a winter energy squeeze will cause a slump in economic activity.
(More US consumers are saddled with credit-card debts for longer periods of time, according to a survey, struggling to pay down amid high inflation and rising interest rates.
Sep 19, 2022 - 05:53:37 PDT
Not since Robert Strange McNamara used the World Bank to steer funds backed by American taxpayers to the North Vietnamese has there been as outrageous a move as President Biden's decision to set aside billions of dollars to fund Afghanistan in the Taliban era.
However, Biden was quick to reiterate that the US maintains a "One China" policy and doesn't currently support Taiwan's political independence. But he was asked again to clarify if, unlike in Ukraine, the US military would intervene directly in the event of a Chinese invasion, to which the president replied: "Yes."
Investors are pricing in a sharper surge in interest rates over the coming months after the world’s major central banks strengthened their resolve to tackle soaring prices, signalling they would prioritise inflation over growth. A Financial Times analysis of interest rate derivatives, tracking expectations for borrowing costs in the US, UK and eurozone, showed markets...
A common refrain from people who are critical of alternative economists is that we have been predicting crisis for so long that “eventually we will be right.”
The US Federal Reserve and a number of its global counterparts will launch a rapid-fire attack on inflation in the coming week as their commitment to bringing consumer prices under control gets ever more resolute.
The currency’s strength is being felt in the fuel and food shortages in Sri Lanka; in Europe’s record inflation and in Japan’s exploding trade deficit.
Rising natural-gas prices amid short supplies are expected to make it more expensive to light and heat homes in the coming months.
This type of mortgages carries more risk, but it offers buyers a chance to make lower payments now and refinance when rates are better.
Exhausted workers in education, healthcare and the railroad industry are pushing back after months of labor shortages
Goldman Sachs Group Inc. cut its US economic growth estimates for 2023 after recently boosting its predictions for Federal Reserve interest rate hikes.
METALS & ENERGY UPDATE SEP 18th: Silver Price Bottoming & More Bad News In U.S. Shale OilSeptember 18, 2022
There was a positive development in the Silver Market on Friday that I discuss in my weekend update and why the price may be bottoming. Also, the fundamentals show that silver will likely hold up better than gold in the short term. Also, there seems to be more Bad News in U.S. Shale Oil...
The In Gold We Trust Report 2022 was published several months ago. We have therefore updated the most important charts.
Money supply took off during covid lockdowns. It is now about to take off again to pay everyone’s energy bills. But that is not all. Demands for currency and credit to be conjured out of thin air to pay for everything will be coming thick and fast. Expectations that energy prices, including European electricity, have peaked are naïve. Putin has yet to put the winter and spring screws on Europe and the world fully.