Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Emotionally, the second year of the pandemic was an even tougher year for the world than the first one: Gallup's Negative Experience Index reached a new high, and the Positive Experience Index dropped for the first time in years.
Jun 28, 2022 - 11:11:04 PDT
Seven-in-ten Americans view inflation as a very big problem for the country, followed by the affordability of health care and violent crime.
Add Fourth of July cookouts to the list of what Americans will pay more for this year — a lot more.
How to Buy a Beachfront Condo with Gold: Jeff Clark’s Keynote Presentation at the VRICJun 28, 2022 - 10:35:09 PDT
Our own Jeff Clark provided a keynote talk at last month’s Vancouver Resource Investment Conference.“How to Buy a Beachfront Condo—and Anything Else—with Gold. Plus, the Mining Stocks I’m Betting Big On.”Jeff shows gold’s ratio to many big-ticket items and how they could all become more affordable in the near future, including a new car, new boat, beer, wine, luxury resort stay, and yes, a beachfront condo. But only if you use gold, not depreciating fiat currency.
Jun 28, 2022 - 09:59:13 PDT
With inflation driving the costs of living higher, real wages falling behind and financial assets having one of their worst years ever so far, it's a tough time to build wealth right now. And it's likely to get even worse, says today's guest, Robert Kiysosaki, author of Rich Dad, Poor Dad, the #1 best selling personal finance book in history.
Why the Fed Raising Rates Means the National Debt is Going to Become An Even Bigger ProblemJun 28, 2022 - 09:34:04 PDT
Here's why the steps the government is taking in hopes of tamping down inflation may ultimately mean a tax hike on millions of American families.
As rich countries switch on their firefighting mode to tame soaring inflation, highly indebted developing countries are feeling the heat. Sri Lanka has already defaulted on its debt, many others are on the brink.
Can the Government Even Pay the Rising Interest Expense on its Gigantic Debt as Fed Pushes up RatesJun 28, 2022 - 09:13:30 PDT
And if the cost of capital is zero, or is below zero in real terms, and for long enough, then there is no discipline, and the drunken party just keeps going on, and the debt keeps piling up, including in the private sector, until the problem gets solved in another way: Massive inflation, but at a long-lasting and brutal expense to the economy.
The Atlanta Fed GDPNow Model was on updated June 27. The previous release was June 16. The intermediate points and movements in the chart above were just updated today.
At this point, we cannot know whether the current environment will ultimately end up bearing more than a passing resemblance to the 2008/09 financial crisis. There are, however, enough similarities between now and then that the comparison is worth considering.
As the Federal Reserve pushes interest rates higher in its campaign against inflation, the cost of servicing the country’s debt is rising, too. Working with analysts from both the Treasury and the Social Security Administration, The Washington Post’s Allan Sloan has come up with an estimate of just how much...
Jun 28, 2022 - 08:42:14 PDT
Add JPMorgan Chase, the biggest bank in the United States with an unprecedented five criminal felony counts since 2014, to the growing list of debacles of which the Fed has lost control.
"The Rubicon Has Been Crossed": The BOJ Now Owns More Than 50% Of All Japanese BondsJun 28, 2022 - 08:38:03 PDT
A little over three years ago, the Bank of Japan crossed a historic milestone when we reported that the central bank had become a top-10 shareholder in 50% of all Japanese companies. Since then, the central bank's equity stake across Japanese corporations has only grown.
There aren’t many silver linings to be found in the cryptocurrency crash. People have lost money, often those who could least afford it. But one welcome casualty is the army of laser-eyed social media “influencers,” toxic promoters in what must surely rank as the one of the most egregious product-placement manias in financial history.
Jun 28, 2022 - 08:16:34 PDT
Mortgage rates have nearly doubled since the end of 2021. The run-up in rates, combined with high prices, are squeezing potential buyers and starting to slow housing markets in some of the most popular pandemic boomtowns.
Jun 28, 2022 - 08:10:11 PDT
The ECB is planning on a Blitzkrieg Bop, monetary style. When Lagarde talks about the first line of defense, all I can picture is The Maginot Line in France, a failed defensive line that was easily…
Jun 28, 2022 - 05:59:23 PDT
The bad news on inflation just keeps coming. At more than 9% year on year across the rich world, it has not been this high since the 1980s—and there have never been so many “inflation surprises”, where the data have come in higher than economists’ forecasts (see chart). This, in turn, is taking a heavy toll on the economy and financial markets.
Gold edged up on Tuesday as the dollar weakened, with gains capped by higher U.S. Treasury yields as investors focus on the ECB central bankers' forum in Portugal.
Last month, sanctions on Russia upended the oil market, the world’s biggest commodities trade. Now, Group of Seven leaders are proposing to repeat the trick with the second-biggest trade, gold. Don’t expect the same reaction.
Stocks rose on Tuesday after China softened its strict Covid protocols, easing investor concerns about global growth.