Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Investors looked ahead to a key report on the state of inflation in the U.S. to help clarify the path forward for monetary policy.
High corporate pricing power coupled with an ongoing labor shortage makes inflation unlikely to decline any time soon, a recent ING report found.
Central bankers, the shining saviors of the global economy after the global financial crisis & again during the pandemic, are fast becoming the villains of the prevailing narrative. Noodling with interest-rate hikes that are both too late & too small & trimming morsels off their swollen balance sheets won’t prevent inflation from soaring toward double digits. But crashing into recession to compensate for being asleep at the stimulus wheel for too long would just be a different flavor of failure.
May 11, 2022 - 05:23:48 PDT
Some are making tough decisions about what they can and can’t afford, including food choices and medicines.
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On Tuesday night, the House passed a nearly $40 billion bill for new Ukraine aid as Washington continues to escalate its role in supporting Kyiv in its war against Moscow.
The latest seasonally adjusted inflation rate for April came in higher than expectations at 0.34% MoM and 8.28% YoY. The main driver for the MoM slowdown was a fall in Energy prices.
With the number of various cryptos approaching 20,000, one has to ask how much innovation is really needed to get to the utopia that crypto aficionados talk about, i.e. the future of money. One of the most vocal proponents of this future technology, decentralized and all the other buzzwords included is Terra ("ticker" symbol Luna). Let's take a look at Terra's present which is an ominous sign for the future of crypto.
Demand for gold rose significantly in the first quarter this year, rising on the back of strong investment flows in gold ETFs and increased investment in gold bar and coin demand in the U.S. and Europe, and it is expected to keep rising this year, according to the World Gold Council.
Money is not the root of evil as many people mistakenly think. Corrupted money (i.e., fiat money and currency debasement), however, is the root of many economic, social and cultural evils. Most people know what money is, superficially, yes. Also, most don't quite understand the concept of money.
The Worst Of The Stock Market Crash May Be Yet To Come, According To Wall Street's 'Fear Gauge'May 10, 2022 - 12:35:32 PDT
As investors grapple with the worst-performing market in years, some experts have zeroed in on Wall Street's so-called fear gauge as an indication that stocks have more room to fall—even as major indexes flirt with bear market territory.
May 10, 2022 - 12:29:29 PDT
Eroding Affordability to Slow Housing Demand, Stagflation Poses Added Risk for Homebuilders (Management Discipline and Strong Balance Sheets Key to Limiting Credit Risk)
An Embattled Biden Calls Fighting Inflation a ‘Top Priority’ As Consumer Prices SoarMay 10, 2022 - 12:11:34 PDT
The inflation spike has been bad news for Biden, who has seen his approval rating plunge as consumer prices rose. Biden on Tuesday again blamed the price spike on supply chain bottlenecks and other pandemic-induced disruptions in the economy, as well as the Russian war in Ukraine. Republicans have pinned it on the president's massive spending agenda.
Why Energy Prices Are Projected to Increase 50% in 2022—After Doubling Last YearMay 10, 2022 - 11:44:58 PDT
Energy prices are going to the moon. Here are three reasons why. "Increases in energy prices over the past two years have been the most significant since the early 1970s," the Wall Street Journal reports.
US Faces Electricity Shortages Heading Into Summer, as Grid Operators Warn of Limits of Green EnergyMay 10, 2022 - 11:42:46 PDT
From California to Texas to the Midwest, the WSJ spoke to grid operators warning that conditions are ripe for power outages as plants pivot to more renewable energy sources. “I am concerned about it,” MISO CEO John Bear told the Journal in an article exploring rising energy demands. “As we move...
Even before the onset of inflation, the tariffs were imposing significant costs on American families and firms.
Is this it? Join Mike Maloney and Adam Taggart in today’s must-watch update in which they address the most common question we have been receiving… Is this the market meltdown that has been predicted for so long? Or are we shaping up for a market ‘meltup’ before the inevitable occurs?
May 10, 2022 - 10:42:42 PDT
To fathom just how rampant inflation now is in some corners of the US, duck into the Miami River Cafe, a Mexican place in the city’s East Little Havana district.
Tech Giants Lost More Than $1 Trillion in Value in the Last Three Trading DaysMay 10, 2022 - 10:41:24 PDT
The biggest names of the technology industry are becoming more affordable as investors take account of the latest U.S. central bank decision.
Hundreds of Startups Designed to Lose Money & Bamboozle Investors: -84% from HighMay 10, 2022 - 10:38:32 PDT
Those that believed the hype and hoopla and didn’t get out in time got thackamuffled.
Bitcoin is off nearly 55% from its November peak, and 40% of holders are now underwater on their investments, according to new data from Glassnode.