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A deepening dependency on U.S. diesel deliveries in many parts of the world could lead to problems in the coming months as domestic demand for the fuel increases while production fails to increase at the same rate.
Stock Market News Live Updates: Stock Futures Rise After Pelosi Departs TaiwanAug 3, 2022 - 05:35:06 PDT
The moves follow a down day on Wall Street that saw stocks close lower for a second consecutive session amid a high-stakes visit by House Speaker Nancy Pelosi to Taiwan that raised worries around U.S.-China relations.
Central bank gold buying notched up again in June.Central banks globally added 59 tons of gold to their reserves last month and there were no reported sales, according to the latest data compiled by the World Gold Council.
After the second straight negative GDP print in Q2, the markets began anticipating that the Federal Reserve would pivot away from its monetary tightening. But a few choice words from some Fed members this week caused thoughts of a pivot to pivot. As Peter Schiff put it in his podcast, it appears to be damn the recession! Full ahead with rate hikes. The question is how long can the Fed keep this up?
Despite back-to-back contractions in GDP, President Joe Biden, Fed Chair Jerome Powell, Treasury Secretary Janet Yellen and all of their supporters in the corporate media insist the US economy isn't in a recession. But the only data they ever point to in order to back up their assertion is the "strong" labor market.The problem with this spin is the labor market is a lagging indicator and it's starting to show cracks.
Personal income from all sources adjusted for inflation — real income — fell for the second straight month in June and was down 1% on the year. But American consumers continue to spend. How can this be?They're running up debt at a dizzying pace.This undercuts the narrative claiming the American consumer is "healthy."
FRESNILLO PLC, LARGEST PRIMARY SILVER MINER PROFITS CRUSHED: The Total Cost To Produce Silver & Why The AISC Is BogusAugust 3, 2022
The cost to produce silver at the world's largest primary silver mining company is much higher than the market realizes. In this update, I provide my analysis of Fresnillo's silver costs for the first half of 2022 and why they are much higher than the AISC - All In Sustaining Costs shown by the industry...
Aug 2, 2022 - 14:53:39 PDT
There will be few places to hide when the next down leg of the bear market begins. So cautions highly-respected former hedge funder Thomas Thornton.
While researching for his next book, Mike Maloney unearthed some new data that shows some disastrous headwinds for the US economy. Be the first to see it here as Mike is joined by Adam Taggart to discuss the events in China and Taiwan, manipulation of the precious metals markets, an update on the yield curve inversion, and some wonderful viewer feedback.
Aug 2, 2022 - 13:13:29 PDT
Annualized Performance of Gold, in USD, if Bought on the Last Day of the Month and Held until 07/31/2022 (Holding Period Greater than 1 Year). And much more.
The U.S. Justice Department has brought charges against three former JPMorgan employees charging them with conspiracy and racketeering charges for manipulating futures trading of precious metals between 2008 and 2016.
Closing arguments Thursday set the table for years of bank problems. It may be a very serious development. Implications are all laid out clearly in this 9 minute podcast where the DOJ has finally turned its focus on one of the institutions the US has protected for decades. Future implications are very large for bullion banks and executives everywhere. Listen: here.
Billionaire CEO Accuses Dems of ‘Lying’ About Tax Agenda: ‘Taking Advantage’ of Poor & Middle ClassAug 2, 2022 - 12:55:08 PDT
Americans will pay more in Democrats' inflation bill despite Biden's pledge not to raise taxes on earners under $400,000, analysis finds
Even in Argentina, a country whose very name has become synonymous with financial crisis, the current moment is dire.
Layoffs, Discharges, Quits, Job Openings Still Massive Churn & Job Hopping, Losing Some SteamAug 2, 2022 - 12:18:18 PDT
Weirdest labor market ever gets a little less weird.
As the bear market progresses, it will become apparent to many that big pension funds are in serious trouble.
Aug 2, 2022 - 12:05:39 PDT
The global manufacturing sector started the third quarter on a weak footing, as output stagnated and new order intakes contracted. International trade flows continued to retrench, while the pace of job creation near-stalled. The darkening economic backdrop also hit business confidence, with optimism dipping to its lowest level since May 2020.
As the U.S. economy heads into recession, conventional stocks are vulnerable. Meanwhile, demand for safe-haven alternative assets combined with ongoing inflation pressures..
There are many good reasons to decentralize the power of money creation. But the Federal Reserve has let things get out of hand.
The secret is out. Central bankers aren’t deities, as much as we might have sometimes wished to attribute them with almost supernatural powers. Post-mortems on the surge in inflation and how it got away will run for years. Let’s not forget to look in the mirror: Did officials accrue too much influence and was society a willing accomplice, only too eager to confer that authority?