Gold has all the potential to go unprecedentedly high. But silver will be gold on
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House Passes $850BN Defense Bill, Adding Restriction On Saudi Arms SalesJul 15, 2022 - 08:47:17 PDT
The House on Thursday passed its version of the 2023 National Defense Authorization Act (NDAA) that authorizes $850.3 billion for military spending, increasing President Biden’s requested budget by $37 billion.
A slim majority of U.S. registered voters say their representative in Congress deserves reelection, and 21% say most members do. Both figures are near the lows Gallup has measured in past midterm election years.
“How are you going to accurately lead your country if your mind is still stuck 50, 60 or 70 years ago?” Ms. Chadwick, a customer service representative in Rialto, Calif., said of the many septuagenarian leaders at the helm of her party. “It’s not the same, and people aren’t the same, and your old ideas aren’t going to work as well anymore.”
Jul 15, 2022 - 08:16:52 PDT
Again, immediately when the index breaks below the parabola, investors should move heavily into gold and silver which will then skyrocket.
Blaming giant corporations for causing inflation is not only erroneous; it is a dangerous thing for investors to believe.
Odds are now close to even that the US economy will slip into a recession within the next year as persistent and rapid inflation emboldens the Federal Reserve to pursue larger interest-rate hikes.
Fed: Should Not Move Rates “Too Dramatically” Could Add to Already Large Amount of UncertaintyJul 15, 2022 - 07:51:52 PDT
Moving interest rates "too dramatically" could undermine the positive trends still seen in the economy and add to the already large amount of uncertainty, Atlanta Fed president Raphael Bostic said on Friday.
Senator Joe Manchin told Democratic leaders Thursday he would not support new spending on climate measures or tax increases, delivering a potentially fatal blow to President Joe Biden’s ambitious economic agenda.
According to GasBuddy, gasoline prices in the United States should fall below $4 per gallon by mid-August
As much as 65 percent of the world’s oil and gas reserves are controlled by national oil companies according to new research...
Biden Arrives in Saudi Arabia a ‘Much Diminished President,’ the Kingdom’s Former Intel Chief SaysJul 15, 2022 - 07:12:56 PDT
Saudi Arabia's former intelligence chief has branded U.S. President Joe Biden a "much diminished president" as the president arrives in Jeddah to discuss oil production, defense and human rights.
Roughly half of respondents blame inflation for lowering their living standards, the worst since the 2008 financial crisis..
Jul 15, 2022 - 07:01:21 PDT
As Americans are painfully aware, inflation is the highest in 40 years prompting The Federal Reserve to remove the massive punch bowl. In fact, Federal Reserve Governor Christopher “Fats” Waller backed raising rates by 75 basis points this month.
Not Since 2000 Recession Barometer Flashes New Warning Sign as Inflation Pressures Fed PolicyJul 15, 2022 - 05:54:29 PDT
On Wednesday, the U.S. 10-year note yield slipped as much as 0.21% lower than the yield on the 2-year, the largest negative spread between the two securities since 2000.
The US personal savings rate is near a five-year low as pandemic fiscal stimulus savings run dry.
Central bankers around the world are scrambling to adjust to stubbornly high inflation at risk of getting further out of hand and forcing stronger policy actions that increase the risk of a global recession.
The bank’s profit and revenue for the quarter missed expectations as it set aside $235 million in new funds to cover potential losses. Investors are paying attention to big-bank earnings for signs about whether a recession is on the horizon.
Despite collapsing consumer sentiment (and real wages slumping), analysts expected retail sales to rebound in June (except the almost omniscient BofA expects a negative print) after the 'surprise' drop in May driven by a drop in auto sales. It turns out BofA was wrong for once as headline retail sales rose 1.0% MoM (ahead of the +0.9% expected) - the best month since March...
US stock-market investors are already contending with the nerve-shattering combination of surging inflation, growing recession fears and a Federal Reserve that’s raising interest rates at the fastest pace in decades.
Policy makers announced a $25 billion currency intervention on Thursday night, adding it will last from July 18 to Sept. 30. The program includes spot dollar sales of as much as $10 billion and foreign-exchange hedge sales of as much as the same amount, they said in a statement.