Gold has all the potential to go unprecedentedly high. But silver will be gold on
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May 18, 2022 - 12:47:48 PDT
Russia and China’s commitment to survival and cooperation goes far beyond utilitarian concerns as outlined by their February 4th joint statement for Cooperation Entering a New Era which called for the further integration of the EAEU and BRI, military intelligence harmonization under the growing SCO and broader international integration of the multipolar system.
If they gave the bill a more accurate title, it would be called the “Money For Raytheon And Friends” bill, as the majority of the funds from the latest $40 billion behemoth will be used to supply weapons purchase orders, and resupply weapons that were already sent to Ukraine, which arrived with a seeming back room deal to add to the deep pockets of the weapons manufacturers back home.
The EU believes something to be true which isn't, it can bring Russia to its knees by forcing it to take oil wells offline.. even if it kills them...
Gas prices in both the United States and Europe hit new highs Wednesday, with average prices per gallon in California topping $6, compared to over $9 in Norway and Denmark
Shrinking its massive portfolio of home loans won't make for easy economics or politics. If you took out a mortgage over the last couple of years, there's a good chance the holder of that loan is America's central bank — a consequence of its monetary stimulus efforts throughout the pandemic.
Like a supertanker, US debt-service costs only change course very slowly. But it’s happening now -- and from Washington’s point of view, the new direction is the wrong one: they’re heading up.
Chicken Wings for $34? Pent-Up Inflation Will Drive US Food Costs Even HigherMay 18, 2022 - 11:59:00 PDT
With a gallon of milk up about 25% since before the pandemic, and retail bacon 35% higher, it’s hard to imagine how US food inflation could get any worse.
The Biden tweet that Bezos slammed isn’t as much of an incoherent word salad as it might seem. But it does represent a wrong-headed policy.
As long as the credit markets remain complacent the Fed has ample room to hike. And the Fed will continue to hike until there is a recession, a credit event, or inflation comes down.
May 18, 2022 - 11:43:30 PDT
The Refinance Index decreased 10 percent from the previous week and was 76 percent lower than the same week one year ago. The seasonally adjusted Purchase Index decreased 12 percent from one week earlier. The unadjusted Purchase Index decreased 12 percent compared with the previous week and was 15 percent lower than the same week one year ago.
May 18, 2022 - 11:03:30 PDT
And the winner of "never let a crisis go to waste" is Turkey's Erdogan, who vows to block NATO membership for Finland and Sweden unless his shopping list of concessions is fulfilled by the US, EU, and NATO. Who will blink? Also today: Greece gets in on the "give us something" game.
Dow Tumbles Over 1,000 Points on Wednesday, Heads for the Biggest Loss Since 2020May 18, 2022 - 11:01:22 PDT
Major retailer Target warned of rising cost pressures in its business right after Walmart.
...the Fed’s ridiculous track record of easy money over the last 15 years, but also due to the new burgeoning bifurcation of the global economy that looks to be taking place with Russia – and potentially China - looking to back their respective currencies with gold.
May 18, 2022 - 09:02:33 PDT
Jeremy Grantham warns about the biggest stock market bubble and its future burst. The billionaire investor elaborates on the similarities between today’s market and the environment of 1929 and 2000. Mr. Grantham also shares his thoughts on the best investment strategies during this period.
Inflation Will Cause Recession, Food Prices To Spiral ‘Much Further’: Kyle BassMay 18, 2022 - 08:46:54 PDT
[The Fed] clearly, they printed too much money during their COVID response… we're seeing about a 40% move in the price level of just about everything in our lives.
May 18, 2022 - 08:43:37 PDT
Let's dive into the New Residential Construction report for April for a look at the US housing market.
May 18, 2022 - 08:07:38 PDT
“I mean, the obvious reason for inflation is that the government printed a zillion amount of more money than it had, obviously,” Musk said
The CEO of Wells Fargo warned Tuesday that there is “no question” that the U.S. economy is going to get worse before it gets better.
May 18, 2022 - 07:55:27 PDT
“Expectations for future conditions were also bleak,” added Peterson, “with 60 percent of executives anticipating the economy will worsen over the next six months—a marked rise from the 23 percent who held that view last quarter.”
The US economy won’t be able to avoid a bout of stagflation and markets have yet to tune into the risk of a significant slowdown in growth, said Mohamed El-Erian, the chair of Gramercy Fund Management and former chief executive officer of Pimco.