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As of August 16, droughts of different levels of severity affect more than 66 percent of the area of the continental United States. The number has been above the 60-percent mark since October of 2020 with just two short breaks (82 out of 98 weeks).
Europe is facing its worst drought in at least 500 years, with two-thirds of the continent in a state of alert or warning, reducing inland shipping, electricity production and the yields of certain crops, a European Union agency said on Tuesday.
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Aug 24, 2022 - 05:28:03 PDT
The extreme weather hitting China on all points of the compass comes at a pivotal time for the harvest in the world’s most populous nation.
Investors See No Fed Pivot, Brace for Hawkish Powell Message in Jackson HoleAug 24, 2022 - 05:22:38 PDT
Investors are bracing for the Federal Reserve to double down on its commitment to crushing inflation, and expect its chair Jerome Powell at the annual central bank gathering in Wyoming this week to deliver an aggressive tightening message and dash hopes for a rate cut next year.
Powell Is Not About to Go All Volcker on Rates at Jackson Hole, Goldman’s Hatzius SaysAug 24, 2022 - 05:21:29 PDT
The message from markets this past week has been that Federal Reserve Chairman Jerome Powell will channel his inner Paul Volcker and deliver the fire and brimstone of large, inflation-crushing interest-rate increases in remarks at Jackson Hole on Friday.
U.S. stocks clawed back from a downbeat start to the trading week Monday as Wall Street looked to extend a summer rally that saw equity markets log their longest winning streak in 10 months in Friday's session.
Money Supply growth was positive in July at $42B but sits well below the $161B seen last year. As the chart below shows, Money Supply growth has collapsed since February. Last year started with 5 straight months above $200B whereas 2022 has only seen one month above $100B and that was January.
President Biden is expected to announce student loan forgiveness on Wednesday (Aug. 24). The plan will reportedly cancel $10,000 in student loan debt for anybody making less than $125,000 per year.A lot of people think this is like waving a magic wand — poof — the debt is gone. But somebody has to pay and that somebody is the American taxpayer.
In yet another sign the economy is tanking, private-sector business activity contracted for the second straight month in August.The S&P Global flash composite purchasing managers index (PMI) dropped to 45 this month from a reading of 47.3 in July. A print below 50 indicates a contraction in economic activity.
REVISED SILVER MARKET UPDATE & TRADE ALERT: Several Silver Miners Bullish Falling Wedge Technical Setup & Possibl...August 24, 2022
I wanted to share an interesting development in several silver mining stocks. I have noticed a Falling Wedge technical pattern setting up in four of the primary silver mining stocks and wanted to share this with subscribers. Furthermore, the silver price on the Quarterly Chart shows a possible RETEST higher...
Join Mike Maloney in this preview of his recent Insiders presentation. This short segment was cut to give you a glimpse of the alarming data around gold flows.
Aug 23, 2022 - 12:55:54 PDT
In May of 2022, Finnish metal detectorists discovered a silver cache from the Viking Age in a field in Mynämäki, a municipality of Finland located in the Southwest Finland region.
Gold rose on Tuesday as investors weighed economic risks against hawkish signals from Federal Reserve officials ahead of a central bank symposium this week.
All that does is set the stage for a bigger crisis down the road. It just kicks the can, hoping that the latest intervention will be the last intervention. But it never is.
The hot seller's market in recent years prompted buyers to go above and beyond to seal the deals on their prospective homes, a recent survey finds.
Aug 23, 2022 - 12:11:01 PDT
Yellen can immediately use her voice as the largest shareholder at the IMF and request a new SDR allocation.
Japan’s underlying inflation measures increased the most ever on record, as higher energy prices and a weak yen continue to compel businesses to pass their costs onto consumers.
The global economy is increasingly at risk of sliding into recession, surveys showed on Tuesday, as consumers faced with generation-high inflation rein in spending while central banks are tightening policy aggressively just when support is needed.
US private sector firms signaled a sharper fall in business activity during August, according to latest ‘flash’ PMI™ data from S&P Global. The decrease in output was the fastest seen since May 2020 and solid overall. The rate of contraction also outpaced anything recorded outside of the initial pandemic outbreak since the series began nearly 13- years ago.
U.S. To Announce Additional $3 Billion in New Military Aid for Ukraine – AgainAug 23, 2022 - 11:49:07 PDT
The United States will announce a new security assistance package for Ukraine of about $3 billion as early as Wednesday, a U.S. official said on Tuesday, in what would be the single largest tranche to Kyiv since Russia's invasion six months ago.