Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Precious metals news
Jul 25, 2022 - 12:59:10 PDT
Wall Street legend, Peter Grandich outlines his investment insights on the gold and silver sector, which represents the, "... best opportunity in his lifetime."
⦁ By directing profits in overpriced stocks and related assets, investors can procure gold and silver and related shares at or even under the intrinsic value.
Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, joins CNBC’s ‘Squawk Box’ to break down his outlook on markets and inflation.
China ‘in Distress’: Economy Suffering ‘Rapid’ Slowdown as ‘Systemic’ Problems SurfaceJul 25, 2022 - 12:48:20 PDT
"China's economy has been slowing for quite some time," Craig Singleton, a fellow at the nonpartisan Foundation for Defense of Democracies, told Fox News Digital. "What we're witnessing now is a rapid economic slowdown."
Two ideas will help us understand the rest of this tumultuous decade: core-periphery and the revaluation of what's truly important: systemic adaptability, transparency, accountability, risk, capital and resources. I recently discussed the core-periphery model in a blog post, Crash Is King:
Jul 25, 2022 - 12:40:46 PDT
I am very skeptical the Fed will follow through all the way to the implied December targets.
It doesn’t matter how many op-eds appear in the New York Times that say otherwise. People know the truth because they see it in their bank accounts and feel it in their lost hopes and dreams for a bright future.
Federal Reserve policies attempting to promote economic and price stability are a major cause for the recent acceleration in the consumer prices' rise.
"If the issue of an unbacked or insufficiently-backed currency exceeds the amount needed to pay the tax, and even exceeds the amount in demand as a medium of exchange, the value of that currency will fall (or, there will be inflation)."
Jul 25, 2022 - 11:51:33 PDT
A new poll finds a majority of Americans think the government is corrupt and stacked against them.
Investors Bet Fed Will Need to Cut Interest Rates Next Year to Bolster the Economy: WSJJul 25, 2022 - 11:44:36 PDT
As the Fed prepares to meet this week, investors are betting officials will raise rates aggressively through year-end, then start cutting in six months.
Middle-income Americans have built up less savings, lost more in the market downturn and face higher average inflation in 2022. WSJ’s Dion Rabouin uses three key data points to explain. Illustration: Ryan Trefes
Jul 25, 2022 - 11:36:35 PDT
Raging inflation is forcing consumers to rack up credit-card debt, and the US economy has outgrown the national labor force, Burry said.
WASHINGTON (AP) — Treasury Secretary Janet Yellen on Sunday said the U.S. economy is slowing but pointed to healthy hiring as proof that it is not yet in recession.
The Economy Is In Shambles... - Dallas, Chicago Feds Signal Cliff-Like ContractionJul 25, 2022 - 10:33:52 PDT
Another day, another set of disappointing data confirming the 'r' word is imminent. Both the Dallas Fed and Chicago Fed dropped some truth bombs in their surveys of local and national (respectively) economic activity. The Dallas Fed Manufacturing Outlook Level of General Business Activity tumbled further in July, dropping to -22.6 from -17.7 (and worse than expected)...
A bipartisan group from the US Congress on a junket to Kiev have called for the Biden Administration to begin sending US military "advisors" to Ukraine. Not to the frontline (right away) they say. What could go wrong?
Key Events This Monster Week: Rate Hike, Earnings Juggernaut, Recession Confirmation And Much MoreJul 25, 2022 - 09:00:53 PDT
If last week was all things European (Gas, Italy, the ECB, one step closer to a recession), this week belongs to the US with the highlight being the FOMC concluding on Wednesday.
We can draw a direct line from the Fed’s low rate regime to today’s surging inflation, asset inflation, and income and wealth inequality. Low rates produce asset bubbles which ultimately pop, but not before blowing themselves larger and multiplying into other bubbles. The process that pushed stock prices higher is the same one that is now pushing food, energy, labor, and...
Issued from his prestigious perch at The New York Times, Krugman's confession centers on what he describes as an early-2021 economic debate over the consequences of the $1.9 trillion American Rescue Plan Act enacted on March 11 of that year:
Trade wars, crashing stocks, bond blowouts, global recessions, rapidly plunging corporate earnings, the start of firings, a global energy crisis, collapsing cryptos, sliding housing markets...
Jul 25, 2022 - 08:36:59 PDT
AIB has said it has “decided not to proceed” with the proposed changes to its bank services that would have seen a further 70 branches no longer process cash.