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Treasure Hunters Allege the FBI Made Off With Civil War-Era Gold and Covered It UpJun 14, 2022 - 13:11:51 PDT
The FBI says it recovered nothing of value at the site in Pennsylvania. But treasure hunters who led agents there think the FBI found tons of gold and cut them out of a finder's fee.
There’s no way of knowing for certain whether a recession is imminent, but for many Americans, it’s sure starting to feel that way. According to Google, more people in the U.S. searched for the term “recession” than at any other time in the past two years.
Money supply growth fell slightly in April, falling below March's eight-month high. Even with March's bump in growth, though, money supply growth remains far below the unprecedented highs experienced during much of the past two years.
Jun 14, 2022 - 12:43:09 PDT
Bernanke did, however, note that “some things could go wrong” and said he was counting on the supply chain crisis to improve, adding that there is already “some evidence” that it is.
The US and European real estate markets are experiencing a downwards shift in prices as buyers fall away, according to the global chief investment officer of Hines, one of the largest closely held real estate investors in the world.
Financial Markets Are ‘Fragile’ Ahead of Fed’s Decision As Some See Risk of an Instant RecessionJun 14, 2022 - 11:59:00 PDT
Markets are on precarious footing with Treasurys, stocks, credit and currencies exhibiting friction or tension ahead of the U.S. central bank's rate decision.
After amping up wagers on steeper Federal Reserve hikes, traders are now turning to when the US central bank will need to cut -- and piling in just as aggressively.
Jamie Dimon recently stated that an "economic hurricane" is coming. Is that just hyperbole? We look at how to prepare just in case.
t was enough, for some, to resurface scary memories of the global financial crisis more than a decade ago. Christian Hoffmann, a portfolio manager for Thornburg Investment Management, said market liquidity has deteriorated so much that he’s thinking about the dark days of 2008.
US stocks have entered a bear market and if history is any guide, it could be long and painful.
Such is the arrogance cultivated within the administrative state as we know it. It’s the leading problem in the world today. We need dramatic reform of the entire system in order to bust up these monopolies of power and opinion. They are proven failures. And yet the political class keeps protecting these institutions because they give elected leaders cover and someone to blame when things go wrong.
Imagine this: you’re President Biden, you’ve been a career politician, your understanding of economics boils down to believing you can price fix oil prices, being on the political influencer dole, funded by China, through deals liaised by your ne'er-do-well son and clinging to the inane concept that over-taxation can solve all the nation’s problems because they can help fund the the country’s most incompetent capital allocator: the government.
Jun 14, 2022 - 08:57:06 PDT
US home prices are still skyrocketing as The Federal Reserve kept its massive foot on the monetary accelerator pedal. CoreLogic’s home price index grew at a 20.9% YoY pace in April, but is ex…
A week ago the odds of a three-quarter point hike were just 2.1% Yesterday they were 23.2%. Today they are 95.5%
Join Mike Maloney in Part 2 of his discussion with Ronnie Stoeferle of the ‘In Gold We trust Report’. Here you’ll see some amazing data that shows why Mike feels gold will be the place to be for at least the next several years.
Hedge fund manager Leon Cooperman is looking for a recession in 2023 and expects the S&P 500 to drop 40% from January's all-time high of around 4800. Currently, the S&P is down around 22% from its highs.
30-Year Fixed Mortgage Rate Spikes to 6.18%, 10-Year Treasury Yield to 3.43%. Home Sellers TroubleJun 14, 2022 - 08:30:44 PDT
Something has to give. And it’s going to be price.
Coinbase Lays Off 18% of Workforce As Executives Prepare for Recession and ‘Crypto Winter’Jun 14, 2022 - 08:26:20 PDT
“We appear to be entering a recession after a 10+ year economic boom,” Armstrong says. “While it’s hard to predict the economy or the markets, we always plan for the worst so we can operate the business through any environment.”
We heard it for the past couple of years - Inflation is merely "transitory." Government and central banking officials as well as the Biden White House were in full spin mode on rising prices and the decline in the dollar's buying power while the mainstream media backed them every step of the way. As a result, the public was grossly misinformed on the dangers ahead.
Gold prices steadied after early losses as a pullback in the dollar provided some respite. With the Fed’s two-day policy meeting due to start later on Tuesday, markets are largely pricing in a 75-basis-point interest rate hike, which would be the biggest since 1994.