Gold has all the potential to go unprecedentedly high. But silver will be gold on
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If Americans believe inflation is terrible now, just wait until what happens in the next several years. While the U.S. Government is currently trying to stamp down inflation, the rising money supply and continued skyrocketing energy prices in the next few years will wreak havoc on Americans. In this update, I analyze how much the U.S. money supply will grow in two years...
"I still believe gold is poised for the strongest run it's ever had — I do believe gold will achieve US$3,000 in this cycle," David Garofalo of Gold Royalty said.
With that in mind, hold gold. Hold things that are seeing their prices rise from supply crunches, such as fossil fuels and commodities. And absolutely crucially, expect volatility – and regular recession scares. There was a lot of that about in the 1970s – and there is going to be a lot of it about in the rest of the 2020s.
Meaning The Fed is hiking rates into a recession.
Either way, this big contraction in the money supply might be a harbinger of the monetary deflation to come.
“Davos Man” has had a grim 14 years. The late Harvard University political scientist Samuel P Huntington popularised the term in 2004 to describe a new overclass of evangelists for globalisation. Davos Man, he claimed, wanted to see national borders disappear and the logic of politics superseded by...
“The future is built by us, by a powerful community as you here in this room,” Klaus Schwab, the founder and executive chair of the World Economic Forum reminded the attendees at his conference in Davos, Switzerland.
In footage from Russia's flagship propaganda show, a member of Russia's parliament boasts about the nation's military might, before also labelling 2 million Ukrainians as "incurable."
Russia's nuclear forces are holding drills in the Ivanovo province, northeast of Moscow, the Interfax news agency cited the Russian defence ministry as saying on Wednesday.
Jun 1, 2022 - 11:45:16 PDT
The Biden administration on Tuesday announced details of the newest $700 million security package it is sending to Ukraine, which includes rocket systems with longer ranges than those sent in previous packages. The package is expected to be officially announced Wednesday.
Jun 1, 2022 - 11:38:27 PDT
The BEA's Personal Income and Outlays report for April shows the Personal saving was $815.3 billion in April and the personal saving rate—personal saving as a percentage of disposable personal income—was 4.4 percent.
If you listen to economists and those watching the wave of inflation that is sweeping over us you will hear many of these people predicting it will soon abate. A huge part of their argument being the best cure for high prices is high prices. This is because high prices bring about demand destruction...
Dow Falls Over 300 Points To Start June, As Worries Mount Over Economic GrowthJun 1, 2022 - 08:57:48 PDT
I think we're going to see very much a choppy market with a bias towards falling further into a bear market," said Max Gokhman, chief investment officer at AlphaTrAI.
Jamie Dimon Says ‘Brace Yourself’ for an Economic Hurricane Caused by the Fed and Ukraine WarJun 1, 2022 - 08:14:31 PDT
"You know, I said there's storm clouds but I'm going to change it… it's a hurricane," Dimon said Wednesday at a financial conference in New York.
Job Openings Plunge Since Covid Crash But Remain Stubbornly Elevated With Quits Near Record HighJun 1, 2022 - 08:06:34 PDT
After recent reports that the US labor market had suddenly hit a brick wall, with mass layoffs surging...
But regardless of where nominal prices head next, owners of physical bullion can rest comfortably knowing that their form of money will retain real value over time.
1/3 of Consumers Earning a Quarter of a Million Dollars are Living Paycheck to PaycheckJun 1, 2022 - 08:00:47 PDT
For the first time in the report series, the High Earners Edition examines the financial lifestyle of the growing share of highest-income U.S. consumers who live paycheck to paycheck, and the impact on their ability to access credit and other expense management.
Jun 1, 2022 - 07:55:36 PDT
US gasoline prices just rose to an all-time high. Yes, even higher than the Dubya-era gasoline price surge of 2008. Rising gasoline and diesel prices are helping drive up food prices to the highest…
Jun 1, 2022 - 07:51:42 PDT
Heartaches By The Number … for American households and mortgage lenders as The Federal Reserve begins FINALLY removing monetary stimulus. Mortgage applications decreased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 27, 2022.
Stagflation Threat Soars As Manufacturing Surveys Show Soaring Costs, Weaker JobsJun 1, 2022 - 07:45:08 PDT
These reports are not what The Fed wanted to see - yes, it appears the economy is slowing (perhaps on Fed hikes and jawboning), but slower growth is NOT leading to slower price acceleration.