Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
(Bloomberg) -- Gold steadied after posting the biggest weekly gain since May as investors weighed prospects for tighter US monetary policy and concerns over an economic slowdown.
We are now seeing the initial stages of a currency, credit, and banking crisis develop. Driving it are an inflation of prices, contraction of bank credit and a pathological fear of recession. One can imagine that the major central banks almost wish a mild recession upon us so that they can keep interest rates suppressed and bond yields low. The key to understanding the course of events is...
Now, with the skyrocketing inflation, an energy crisis and exchange rate plunge, the Eurozone's economic outlook is becoming dimmer and increasingly uncertain. Put in another way, the EU has been pushed closer to the precipice.
This bit of housing news won’t soothe the Biden Administration which is terrified of getting blamed for a recession. Total US foreclosure starts are up 440.91% YoY in June, according to Black Knight.
Will Fed 75 BPS Increase Tame Inflation With Inverted Yield Curve? Or Will Biden/Congress Raise Taxes To Fight Inflation?
Shedding jobs, offices, and warehouses. It’s kind of sobering. Reality has that effect, after a drunken binge.
Jul 25, 2022 - 07:31:58 PDT
A great experiment in monetary policy is drawing to a close. Last week, the European Central Bank announced its largest rate hike in two decades, taking its benchmark rate back to just zero per cent. Never before, over the course of some 5,000 years of lending, have interest rates sunk so low. Those who rue the consequences of easy money are quick to blame central bankers. But the problem originates with the strict inflation mandates they are required to follow.
In the end, it’s not about the snowflakes; it’s about the initial critical-state conditions that allow the possibility of a chain reaction or avalanche. Are you prepared for the next avalanche?
Dems Prepare To Unleash Hell On Fed Chair Powell For The Coming RecessionJul 25, 2022 - 06:09:17 PDT
“Lawmakers -- especially Democrats -- are more prone to threaten the Fed with legislation as unemployment rises,” said Sarah Binder, a senior fellow at the Brookings Institution. “Both rising inflation and unemployment drive down public approval of the Fed, but job losses have a larger effect.”
‘Major Crash to Come’: Robert Kiyosaki Warns That a Key Economic Signal Is Flashing Bright RedJul 25, 2022 - 06:01:27 PDT
This is Kiyosaki’s simplest recommendation. For centuries, gold has been the go-to safe haven asset. It can’t be printed out of thin air like fiat money, and its value is largely unaffected by economic events around the world.
Rents, in turn, have risen nearly 40% since January 2021, according to Apartment List, indicating a broader trend that has gripped the country.
Delusional Biden Admin Front-Runs Recessionary GDP Print... By Redefining RecessionJul 25, 2022 - 05:53:21 PDT
t's not a recession until the White House gives economists on its payroll permission to declare it a recession
Jul 25, 2022 - 05:53:21 PDT
t's not a recession until the White House gives economists on its payroll permission to declare it a recession
The world’s largest economy remained in a precarious position in the second quarter, a government report is projected to show, adding to mounting recessionary angst just as the Federal Reserve leans in harder against inflation.
The Federal Reserve will probably have to inflict much more pain on the economy to get inflation under control.
Bob Michele, a bond market veteran for more than four decades, predicts a 75% chance of a US recession over the next 18 months, but thinks it’s priced in.
While Morgan Stanley strategists say it’s too early to expect the Fed to stop tightening its policy even as fears of a recession grow -- suggesting stocks have more room to fall before finding a bottom, JPMorgan Chase & Co. strategists say bets that inflation has peaked will lead to a Fed pivot and improve the picture for equities in the second half.
The disastrous era of negative rates may be ending, but it is not over. Imposing negative nominal and real rates is a colossal error that has only encouraged excessive indebtedness and the zombification of the economy.
A used car price crash is coming. And that will not bode well for the new car market either, especially with the Fed hiking like mad.
Jul 25, 2022 - 05:29:20 PDT
“Home sellers are contending with a rapidly changing market, especially in places where they’re used to their neighbor’s homes getting multiple offers and selling for more than asking price,” said Redfin Senior Economist Sheharyar Bokhari.