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ESG Funds Post Largest Monthly Outflow On Record As The "Greenwashing" Racket Starts To UnravelJun 3, 2022 - 08:06:51 PDT
After years of being critical of "ESG" investing and how appending the label to literally any company immediately caused a misallocation of capital in its direction, it looks like the buzzword investing scam is starting to unravel in real time.
Jun 3, 2022 - 07:45:11 PDT
The Biden administration is considering a proposal to tax oil and gas windfall profits to provide a gas subsidy for American consumers struggling with high energy prices, said Bharat Ramamurti, deputy director of the National Economic Council at a panel sponsored by the Roosevelt Institute think tank on June 2.
“The Chinese side is willing to fulfill its commitments to the Russian side, and is doing that when suitable conditions are met,” they added.
Russian Pacific Fleet Begins Week-Long Exercises With More Than 40 VesselsJun 3, 2022 - 07:36:09 PDT
Russia's Pacific Fleet launched a week-long series of exercises with more than 40 ships and up to 20 aircraft taking part, Russian news agencies quoted the defence ministry as saying.
Russia's nuclear forces have launched fresh drills northeast of Moscow, in the Ivanovo province, according to new Russian defense ministry statements Wednesday.
There is considerable technical evidence that U.S. financial markets are in a “bear market.” The NYSE Composite (US stocks + ADRs + bond ETFs) has broken below its 100-week moving average. In the past 25-years, every recession and/or crisis has coincided with a break of that long-term moving mean.
Jun 3, 2022 - 07:21:42 PDT
But let’s start with US average hourly earnings growth less inflation (aka, REAL hourly earnings). It printed at -2.8% YoY, meaning that inflation is causing REAL hourly earnings to fall.
Jun 3, 2022 - 06:59:34 PDT
For an updated outlook for gold & the miners, we're fortunate to have Jeff Clark, Senior Precious Metals analyst for GoldSilver.com return to the program.
Universal Basic Income? IMF Calls For Governments To Subsidize Food And EnergyJun 3, 2022 - 06:06:26 PDT
Anyone still not prepared for a bottleneck in the supply chain and even higher costs needs to take the threat seriously. The globalists are telling you what is about to happen, and if you hope to remain free, UBI is not an option.
Central bankers seem highly committed of getting inflation under control, but what happens, when the credit markets start to ‘crack’?
Suddenly Here Comes the Inventory: Homes Listed for Sale Jump amid Price Reductions & Sagging SalesJun 3, 2022 - 05:55:26 PDT
The shadow inventory emerges with perfect timing, just as holy-moly mortgage rates and sky-high prices keep buyers away.
Global food prices stayed near a record as Russia’s invasion of Ukraine disrupted trade, fueling hunger and worsening a cost-of-living crisis.
Heading into today's key payrolls print, we had a feeling that contrary to Wall Street's generally cheerful expectations, the jobs number would be bad based on dismal real-time indicators (as described in "We Could See A Million Layoffs Or More" - Here Comes The Job Market Shock), and the latest Goldman macro data, and we... were off, because moments ago the BLS reported...
Jun 3, 2022 - 05:44:36 PDT
Joe Biden’s Wall Street Journal op-ed on his latest plans to tame escalating inflation passes the buck once again when Americans are desperately trying to hold on to their own money. Their costs for driving to work, feeding their families, housing and utilities are under unimaginable strain, thanks to Biden’s previous disastrous policies.
Turkey's annual inflation rate jumped to a 24-year high of 73.5% in May, fuelled by the war in Ukraine, rising energy prices and a tumbling lira -- though the figure was slightly lower than economists had feared.
BlackRock’s CEO Larry Fink Sees Elevated Inflation for Years Due to Supply ShocksJun 3, 2022 - 05:32:56 PDT
The interview came a day after JPMorgan Chase & Co. CEO Jamie Dimon warned investors to prepare for an economic “hurricane” and challenges including tighter US monetary policy as the Federal Reserve seeks to tame inflation that had been running at its hottest in four decades
Investors In for a Rude Surprise: History Shows Inflation Can Take Years To Return to Normal: MWJun 3, 2022 - 05:28:14 PDT
There's a risk that U.S. price gains could take much longer than expected to fall, BofA Securities strategists said Thursday.
Musk's warning of Tesla job cuts is a sign of the coming mass layoff tsunami and economic downturn. Since mid-May, real-time indicators warned the labor market had hit a brick wall. Piper Sandler predicted last week that up to a million layoffs or more were ahead as the US economy is on the verge of recession.
Sticker Price Shock at the Gas Pump May Finally Be Breaking the Back of the U.S. ConsumerJun 3, 2022 - 05:17:10 PDT
nflation — hitting necessities such as food, fuel, and housing — seems to be weighing on the minds of Americans: The University of Michigan's final consumer sentiment measure fell to 58.4 in May, down from 59.1 earlier in the month, marking the lowest level in more than 10 years.
U.S. stock futures pointed to a lower open Friday as investors look ahead to the Labor Department's May jobs report.