Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
Tax revenues have been on the rise for about 18 months. As speculated previously, if this windfall was temporary, it would have shown up with a deficit in April due to a higher than normal tax returns surge. April is historically a positive month for the Treasury, but a surge in tax returns leading to a deficit would have suggested the past year was potentially a fluke.
Americans are feeling the pinch of inflation. Wages are up but consumers are worse off. Average hourly earnings have risen by 5.5% over the last year. But factoring in rising costs, real earnings are down 2.6%. So, how are Americans making ends meet?They're charging it.
The March Consumer Price Index (CPI) was 8.5% annually, the highest since December 1981. But the mainstream narrative was that inflation had probably peaked because core inflation, stripping out more volatile food and energy, "only" rose by 0.3%. Mainstream pundits reasoned that the oil shock in the wake of Russia's invasion of Ukraine primarily drove the huge 1.2% month-on-month CPI gain. And since core CPI appeared to be slowing, inflation was cooling.The April CPI data undercuts this narrative.
Executives are now warning the Wind Industry is in serious trouble as input and freight costs surge higher. No longer can the Green Energy Industry claim that Un-Renewable Wind & Solar Power is cost-effective. With skyrocketing costs, many leading wind manufacturers are selling wind turbines at a loss. This can't continue for much longer...
No one can tell you where gold, stocks, or Bitcoin is headed, and I won't either because I don't know. But I can suggest what a key driver of gold has been historically speaking. On that score, I like my chances.
Industry players said worsenining geopolitical scenario, tightening of interest rates and volatile equity markets have led to investors showing faith in the yellow metal
Unbacked paper and its inflationary consequences are almost as old as the country where paper money originated—China. Neither China nor America nor any other country is immune from an age-old verdict of history and economics: Print too much and the money goes to hell.
If the exchange goes down, it's taking investors with it.
The Fed Can’t Take Any Option off the Table Against Inflation, Says El-ErianMay 11, 2022 - 12:54:04 PDT
Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens' College, Cambridge, joins CNBC's 'Squawk Box' to react to April's key inflation reading.
New data released by DataTrek Research shows that the S&P 500 is having its worst start to the year since 1962.
Democrats Set To Go After Another Set of ‘Greedy Corporate Actors’ Amid Soaring InflationMay 11, 2022 - 12:25:32 PDT
The senator faces a tough re-election fight in the fall and has introduced a bevy of bills to try to save his constituents money as they confront inflation that decelerated only slightly in April. He's proposed cutting insulin prices, instituting a sales tax holiday, capping prescription drugs costs, and taxing the profits of shipping carriers and oil companies.
Americans only need to look at their grocery bills to see the effects of rampant inflation.
Faced impossible math this month: How to pay for gas, groceries and the mortgage with inflation driving up prices? Like many other working families,..
Americans got little respite from inflation in April, as prices for a range of necessities and discretionary-spending categories continued to climb at some of the fastest-ever rates.
Stagflation Comes from Exorbitant Money Creation and Unhampered Government SpendingMay 11, 2022 - 11:41:39 PDT
Too much government spending and loose monetary policy lead to rising prices combined with falling economic growth rates. All Keynesian roads lead to stagflation. It is the result of economic mismanagement. Again and again,...
Speaking at the Eisenhower Executive Office Building, President Joe Biden on Tuesday morning declared inflation to be his top “domestic priority” and insisted that inflation would not be a problem were it not for covid and the war in Ukraine.
May 11, 2022 - 09:40:44 PDT
Chairman of Russia’s State Duma Viacheslav Volodin on Sunday warned US President Joe Biden that the alternative to nearly 1,0128 sanctions imposed against Russia, the largest on any country in the history of the world, will be World War III. In a telegram post on Sunday...
May 11, 2022 - 09:37:23 PDT
Ambassador Zhang Hanhui tells Russian news agency the countries ‘should strengthen coordination to solve the difficulties caused by sanctions in trade settlement and logistics’.
As a recent special report to Congress states, the United States’ military superiority has eroded to a dangerous degree, to the extent that the U.S. might struggle to win, or perhaps lose, a war against China or Russia, especially if it is forced to fight on two or more fronts simultaneously.
May 11, 2022 - 09:28:57 PDT
Americans see China as a growing superpower – and increasingly say it is the world’s leading economy.