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It appears the 'strongest labor market ever' is showing signs of stress as the number of Americans seeking first time jobless benefits surged to 218k last week - its highest since mid-January...
Billionaires Like Jeff Bezos and Bill Gates Are Making Big Bets on FarmlandMay 19, 2022 - 05:44:47 PDT
Inflation is running hot. Farmland can help your portfolio with that.
(Bloomberg) -- Goldman Sachs Group Inc. Chief Executive Officer David Solomon said clients are preparing for slowing growth and a decline in asset prices -- all as “extremely punitive” inflation creates a tax on the economy.
A global stocks rout deepened on Thursday, with European shares tumbling and American index futures signaling more losses ahead after yesterday’s selloff that erased of $1.5 trillion of market value from US equities.
The Nasdaq Composite Could Plunge 75% From Peak, S&P 500 Skid 45% From Its Top, Warns Scott MinerdMay 19, 2022 - 05:35:02 PDT
The carnage playing out in the U.S. stock market on Wednesday is likely an amuse-bouche compared with the devastation on the menu for the bulls in the coming months and years, Guggenheim Partners Global Chief Investment Officer Scott Minerd told MarketWatch in an interview.
The stock market did not care for this news, and equities across the board tanked with the S&P 500 turning in its worst day since June 2020.
Inflation Sinks Retailers on Surging Costs of Products, Labor, and TransportationMay 19, 2022 - 05:29:14 PDT
Not a revenue-shocker (they were up even from stimulus-miracle a year ago), but a cost-shocker. Unable to pass on all the cost increases, their margins got squeezed.
Housing Bubble Getting Ready to Pop: Mortgage Applications Plunge, Rising Rates, Ridiculous PricesMay 19, 2022 - 05:25:25 PDT
“Recent stock market volatility” catches some of the blame.
Goldman Economist Warns US Consumers Maxing Out Credit Cards Will Lead To Late 2022 Spending CollapseMay 19, 2022 - 05:22:15 PDT
A little over a week ago, when looking at the latest consumer credit data from the Federal Reserve, we were shocked to learn that in March, credit card debt soared by a record $52.4 billion, the biggest monthly increase on record and more than double the expected change.
May 19, 2022 - 05:19:20 PDT
It looks like one of those everything is down days. First, the 10-year US Treasury yield is down -4.9 BPS as of 7:43am EST. The S&P 500 Mini Futures contract is down -0.9%. Gasoline futures are…
It’s the Fed’s “hold my beer” moment.After more than a year in which Federal Reserve leadership appeared clueless, pollyannish, and indecisive, the Fed is conducting a full-throated messaging campaign to show that it is as serious as cancer about the inflation surge that is scaring the bejesus out of consumers, investors, and economists.
Federal Reserve Chairman Jerome Powell spoke during the Wall Street Journal's Future of Everything Festival on Tuesday and continued to talk tough about fighting inflation, all the while spinning Keynesian economic myths. In his podcast, Peter broke down Powell's comments and talked about what he thinks the central bank will really end up doing.
The element gold is a pirate's booty and an ingredient in microcircuits. It's been used to make jewelry since at least 4000 B.C. and to treat cancer only in recent decades.
May 18, 2022 - 13:19:27 PDT
The Royal Mint Physical Gold ETC (LSE:RMAU) has reached over US$600m in assets under management (AUM), more than doubled since the end of 2021.
Portugal's central bank has opened up its heavily guarded vaults in a small commuter town near Lisbon, giving a rare glimpse of where some of the country's gold reserves are kept. The 67,000 square metre compound in Carregado houses an ultra-secure vault where 45% the Bank of Portugal...
Finally, longs continue to sell their gold as they weigh the combined effects of Fed rate hikes and the end of the world not coming from the war. Sorry, this is a stupid reason to sell gold, but it exists and has been facilitated by decades of Fed “discouragement”. But the longer the war goes on, the sticker the Gold rallies will be, especially if stocks are dropping
May 18, 2022 - 13:06:45 PDT
Nenner is still long term bullish on gold and says it will hit “$2,500” in the not-too-distant future. Nenner says if the world goes back on a gold standard, “gold will hit $40,000 per ounce.”
The global economy is in a very precarious position, with governments aggressively increasing interest rates while the world faces an energy shortage.. If the debt bubble bursts then we will be faced with a shrinking economy that cannot accommodate a growing population.
May 18, 2022 - 12:54:01 PDT
The Swiss government has laid on its biggest military deployment in peace time – not for any war or overseas intervention, but rather to protect the global elite who are gathering in Davos for Klaus Schwab’s annual World Economic Forum confab.
There’s a lot of news flying around about the changes happening in global currency trading. From “Gas for Rubles” to “What the Hell is Going on With the Yen?” there are a lot of questions and very few answers as to what it all means and whose on which side of the divide...