Gold has all the potential to go unprecedentedly high. But silver will be gold on
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The company’s stab at the biometrics checkout market has raised debate about data storage and tracking.
Jun 9, 2022 - 11:49:04 PDT
Pennies from Heaven. That is what the bottom 50% received from The Federal Reserve’s massive doses of monetary stimulus (or stimulypto). There was one big dose of monetary stimulus in late 20…
JP Morgan used to say gold is money and everything else is credit. Credit is confidence. Once confidence is lost, the currency dissolves. This is a lesson for everyone.
All true until the stall leads to a deflationary collapse. Then it gets serious and we see just how hot those printing presses can run. Hyperdeflation, followed by hyperinflation. The center is long gone.
Public trust has fallen to a disturbing 20 percent, “near historic lows,” according to a Pew Research Center report released this week. Unfortunately, that low approval rating reflects “decades of distrust,” the report said, and “a sentiment that has changed very little since former President George W. Bush’s second term in office.”
The latest survey found that 58% of voters disapprove of Biden’s job performance and 39% approve. It marks the 46th president’s lowest approval rating and highest disapproval rating in 62 weekly surveys conducted since he took office in January 2021.
Jun 9, 2022 - 08:07:06 PDT
The Bear Traps Report founder and editor Larry McDonald discusses the Federal Reserve’s interest rate hikes and reacts to the jobless claims report on ‘Mornings with Maria.’
Major central banks are racing to ditch post-pandemic stimulus and picking up the pace of interest rate hikes to get on top of surging inflation.
U.S. inflation could remain above the Federal Reserve's targets for a long time based on current projections, and there is a risk of inflation expectations "de-anchoring," International Monetary Fund First Deputy Managing Director Gita Gopinath said on Wednesday.
An explosion at a liquid natural gas export facility puts an explanation point on inept Biden administration policy.
Crude is trading at a record in many local currencies. That will eventually lead to demand destruction.
Jun 9, 2022 - 07:13:14 PDT
It follows another bleak warning this week from the OECD that Britain's growth in 2023 will be the worst of nearly all the G20 countries.
Jun 9, 2022 - 06:11:38 PDT
Enough of those, and even the BLS will have to admit that the final pillar propping up the US economy has just turned red.
Labor Market On Edge: Jobless Claims Jump Most Since Last July, Hit 5 Month HighJun 9, 2022 - 06:08:24 PDT
Just days after we reported that "Real-Time Indicators Show The Labor Market Just Cratered", suggesting that the last pillar propping up the US economy (with GDP now just 0.9% away from a full-blown technical recession) was about to crack...
According to the World Food Program, the number of people affected by severe food insecurity could increase by 47 million in 2022.
The yen’s slide may spark turmoil on the scale of the 1997 Asian Financial Crisis if it declines as far as 150 per dollar, veteran economist Jim O’Neill said.
Economists like to strip food and energy out of their inflation calculations. They’re too volatile to be meaningful, they say. But for everyday Americans coping with exploding prices, those items are pretty much all they care about right now.
Inflation is upending voter confidence and posing a glaring political liability that looms over the Biden administration’s major policy decisions.
In reality, there is no quick fix to the current oil problem and while new Saudi supply could halt a further spike in prices, they are set to remain elevated.
Inflation Is Making Everything More Expensive – Once Stagflation Hits Could Get Even Worse: MWJun 9, 2022 - 05:37:04 PDT
Today, to prevent inflation turning into hyperinflation, the Fed will have to do the opposite of what it is used to doing in the 21st Century — raising rates.