Gold has all the potential to go unprecedentedly high. But silver will be gold on
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The surge in the dollar has set Asian currencies on course for their worst quarter since 1997 and created a dilemma for central bankers.
Global stock markets slipped for the second straight day on Wednesday and bond yields inched lower on growing fears that policymakers bent on dampening inflation will tip their economies into recession.
Jun 29, 2022 - 05:34:58 PDT
Financial markets are anticipating what Mester is saying: rapidly rising interest rates. But as you can see from the following chart, gasoline prices (orange line) are driving rising US prices. So it is doubtful that monetary tightening will slow price increases. But Mester and company can only control monetary stimulus.
The Most Splendid Housing Bubbles in America, June Update: “Deceleration” and “Tipping Point”Jun 29, 2022 - 05:33:08 PDT
But it still predates the 5% & 6% holy-moly mortgage rates, whose impact on prices we’ll only see in a few months.
Mortgage Demand Stalls Again, Even As Interest Rates Swing Briefly LowerJun 29, 2022 - 05:32:04 PDT
Mortgage rates moved slightly lower last week, causing a small increase in demand for refinancing home loans.
As the Federal Reserve tries to fight high inflation, costly mortgage rates have begun to price people out of the housing market.
Ronald Reagan once said the most terrifying nine words in the English language are, "I'm from the government and I'm here to help."One of the biggest problems with government help is that it always comes at a cost. And the burden of that cost almost always falls on the very people that big government claims to help - the poor and middle class.
Goldman Sachs sees a big upside in gold raising its target price to $2,500 an ounce by the end of the year.The investment bank cites recession worries and persistent inflation as reasons to be bullish on gold.
With the continued focus on precious metals manipulation, I decided it was a good idea to provide my CONNECT THE DOT analysis on this subject matter. While most analysts and investors in the precious metals community focus a lot of their efforts on the "COMEX" and "Manipulation," I believe we have much bigger problems ahead that deserve our attention...
Today, Mike Maloney delivers an earth shattering news update based around what he dubbed many years ago as ‘The Death of the Global Dollar Standard’…but is now more commonly referred to as ‘The Great Reset’.
Jun 28, 2022 - 12:58:39 PDT
Goldman Sachs has recently raised its year-end 2022, gold price target to $2500/oz, signaling a strong 2022 after gold prices ended 2021 down approximately 4%.
After a 9% decline in the second half of 2020, the broad dollar index – the real effective exchange rate as calculated by the Bank for International Settlements – has gone the other way, soaring by 12.3% from January 2021 through May 2022. And yet the deterioration of the US current-account balance has continued.
Russia is the world’s second largest producer of gold. The truth is it is very difficult to enforce meaningful sanctions on a globally traded, fungible commodity such as gold or oil.
The average card-carrying Austrian would say that the Federal Reserve is creating money by the bale, with evidence being Consumer Price Index prints of 8.6 percent per the Bureau of Labor Statistics or over 15 percent per John Williams’s shadowstats.com computation based on the way the government...
Usually, when stocks are crashing, bonds surge. But this time, bonds have performed even worse than stocks by some measures!
Leaders of the G7 advanced economies on Tuesday reached a broad agreement to seek ways to impose a price cap on Russian oil, overcoming interventions from France that had sought a worldwide scheme, two officials told POLITICO.
Global primary energy demand jumped by 5.8 percent last year and exceeded the pre-pandemic levels of 2019 by 1.3 percent, BP said in its annual Statistical Review of World Energy 2022 on Tuesday.
Jun 28, 2022 - 12:33:16 PDT
Adding to the insanity of allowing cryptocurrencies (many of which are backed by nothing) to continue to make major encroachments into the U.S. financial system, the Fed has taken no action, other than to say it’s studying the problem. On November 23 of last year, the Fed, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released a joint statement on crypto which said this:
Jun 28, 2022 - 12:07:20 PDT
It took a while and trillions in fiscal and monetary stimulus to recover from Covid-era economic lockdowns, but now that the monetary stimulus is being withdrawn, the economy is stalling. If you lo…
Jun 28, 2022 - 11:17:20 PDT
The new BRICS basket-based currency would challenge the US dollar-dominated IMF's basket and allow Russia to widen its sphere of influence.