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May 24, 2022 - 11:03:44 PDT
Global food insecurity has reached levels not seen since the financial crisis of 2008, and it’s only going to get worse without aggressive intervention, a food insecurity expert told the United Nations Security Council this week.
Decade by decade, America's middle class has been shrinking over the past 50 years as rising inequality pushes more Americans out of the middle and into the upper and lower income brackets.
Henry Kissinger Says Ukraine Should Cede Territory For Peace With RussiaMay 24, 2022 - 10:52:00 PDT
Veteran US statesman Henry Kissinger has urged the West to stop trying to inflict a crushing defeat on Russian forces in Ukraine, warning that it would have disastrous consequences for the long term stability of Europe.
Last week, President Biden signed a massive $40 billion military aid bill for Ukraine. Who cares that inflation is killing the American economy and mothers can't even get baby formula. For Washington, spending on war and empire always seems to trump America’s interests.
May 24, 2022 - 10:46:15 PDT
I have never seen two Federal entities make such a mess in my life. The Federal Reserve and The Federal government. The good news? The 10-year Treasury yield is down -12.9 BPS this morning generall…
Today, we're happy to have a special guest: Jack Spirko, host of The Survival Podcast; and who specializes in self-sufficiency, self-reliance and personal liberty. In our age of aggressive government intervention, mixed with corporatism, Jack provides insights on navigating our way through.
Food protectionism is on the rise in the developing world as governments try to safeguard local supplies, and the effects are threatening to spill over into richer economies.
May 24, 2022 - 08:25:55 PDT
There is a frighteningly-long list of shoes to drop as inflation finally forces central banks to do what they desperately wish not to do, which is to yank away the debt shield that lulled both investors and the political class into a false sense of security.
May 24, 2022 - 08:20:57 PDT
"Killing the economy through raising interest rates is not going solve inflation any timeframe," Stiglitz told Bloomberg in an interview in Davos.
May 24, 2022 - 08:14:15 PDT
"The past two years represented a fake bull market built on sand, not concrete," the founder of Rosenberg Research said in an op-ed on Monday.
Each time he says what he really thinks, there is the ritual cleanup brigade dispatched by the White House to pretend that he did not really say what he clearly articulated — or that even if he did, it did not really amount to a change in policy. But then Biden, unperturbed and unapologetic, goes out and does it all over again.
Out of touch as ever, President Biden celebrated record-high gas prices Monday, gushing that the pump pain was part of “an incredible transition” of the US economy away from fossil fuels.
May 24, 2022 - 08:01:10 PDT
Financial well-being reached an all-time high in 2021, according to the Federal Reserve.
Even Democrats are losing hope – with only 33% saying the US is headed in the right direction compared to 49% a month ago and 55% in March.
May 24, 2022 - 07:45:19 PDT
Quant Insight CEO Mahmood Noorani and Brandywine Global Portfolio Manager John McClain sit down with Yahoo Finance Live to talk about recent market volatilities, outlook on tech stocks, the Fed's interest rate hikes, and positioning against Fed risks.
Snap Inc said the economy had worsened faster than expected in the last month and the social media company slashed its quarterly forecast, triggering an after-hours sell-off.
It “might make sense” for the Federal Reserve to pause further interest rate hikes following expected half-point rate increases over the next two months as the central bank assesses the impact on inflation and the economy, Atlanta Fed President Raphael Bostic said on Monday.
May 24, 2022 - 07:27:38 PDT
Andrew Bailey (pictured) has hit back at claims that the central bank's actions during the pandemic had served to fuel the rapid rise in inflation.
Gold prices firmed on Tuesday, as the U.S. dollar weakened to a one-month low for a second consecutive session, making greenback-priced bullion less expensive for overseas buyers.
The last decade provided excess returns, however, will the reversal of monetary policy, inflation, and overvaluation lead to a lost decade.