Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Apr 27, 2022 - 13:07:01 PDT
With inflation working at its highest ranges in 4 a long time, Utah enterprise proprietor Steve Allred is worried in regards to the declining buying energy of the U.S. greenback. To assist shield towards the chance that it’s going to worsen, Allred, like many traders, has purchased gold. He has additionally ... Read more
It just goes to show that for many investors, bitcoin is still no substitute for gold or government-backed currencies during times of crisis.
This comes as the IMF warns that all countries are going to experience contracted growth this year. Less growth overall will mean less foreign investment in low-income countries, whose currency values will drop and make it more expensive to pay back their debt.This is already playing out with China, which is becoming more cautious with its lending practices, particularly in Africa.
U.S. Goods Trade Deficit Hits Record High; Q1 GDP Growth Estimates SlashedApr 27, 2022 - 12:49:45 PDT
The U.S. trade deficit in goods widened to a record high in March likely as businesses who are worried about shortages front-loaded imports after Russia's invasion of Ukraine.
After repeatedly condemning foreign weapons shipments while seeking to destroy them, Russian President Vladimir Putin has issued his own fresh warning on Wednesday, telling countries which are now attempting to intervene in various ways that Moscow will "quickly" respond in kind with devastating strikes.
Currencies and bonds look set to remain on edge, and if equities start to feel the same sort of sustained fear, then 2022 can get a lot worse for most investors.
Regular readers may recall my recent discussion, and rebuttal of the concept of a ‘Bretton Woods 3’ (BW3) claim of a global shift to supplant the US dollar with a New World Order of commodity- and supply-chain backed alternative currencies. (Here is this link for those who missed it.)
The BEA releases its advance (first) estimate of first-quarter 2022 GDP tomorrow. The Atlanta Fed's final GDPNow Forecast is out today.
Mortgage Volume Crushed, Spiking Rates: What it Means for Future Home Sales & Consumer SpendingApr 27, 2022 - 12:08:50 PDT
The boom is over. And there are broader effects.
Apr 27, 2022 - 12:05:36 PDT
Food price inflation is rising at an alarming rate, with the annual rate on route to be the highest in recent years, according to the United States Department of Agriculture (USDA).
The Frankfurt-headquartered bank issued the stark warning in a report titled “Why the coming recession will be worse than expected,” in which it noted that the Federal Reserve must act more quickly and aggressively to prevent long-term damage to the economy.
Let me begin by showing you this aerial demonstration of the Federal Reserve’s carefully orchestrated plan for bringing the US economy down for a soft landing...
"A conventional average inflation target would have anchored expectations and reduced the inflation risk of long-term contracting, promoting economic growth in the process. An asymmetric average inflation target falls far short of that goal." ~ William J. Luther
"A conventional average inflation target would have anchored expectations and reduced the inflation risk of long-term contracting, promoting economic growth in the process. An asymmetric average inflation target falls far short of that goal." ~ William J. Luther
Apr 27, 2022 - 09:24:49 PDT
“Most users who used Chivo after spending the $30 bonus do not engage with the app intensively,” the U.S. National Bureau of Economic Research reported.
According to a study by the Peterson Institute for International Economics, removing a series of tariffs imposed in the Trump era, including tariffs on Chinese imports, would reduce inflation by 1.3 percentage points.
The global economy is perched on the edge of an abyss, and averting our gaze doesn't actually lessen the risk, it increases it because problems which aren't faced directly and addressed directly fester and rot the system from within.
OER is the mythical price the Bureau of Labor Statistics (BLS) says one would pay to rent one's own house from oneself, unfurnished, without utilities.
Apr 27, 2022 - 08:26:22 PDT
US GDP growth for Q2 has stumbled to 0.446% as The Fed is launching quantitative tightening (QT) to fight the inflation that they caused in the first place.
According to the Atlanta Fed’s GDPNow real-time GDP tracker, US GDP growth has stumbled to a meager 0.446%. Despite the massive stimulus from The Federal Reserve and Washington DC’s massive fiscal stimulus.
At the time rate locks were issued for those deals, mortgage rates were still around 3.2%.