Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Precious metals news
Mar 29, 2022 - 12:53:03 PDT
Few people have been more consistent and correct about the threat of inflation and the Fed’s generational failure to tighten monetary policy last year than Mohamed El-Erian, Allianz Chief Economic Advisor, who began warning of inflation overshoots in Spring 2021 and begged the Fed over and over to begin tightening all throughout 2021.
Most Splendid Housing Bubbles in U.S. March Update: Just Before the Great Spike in Mortgage RatesMar 29, 2022 - 12:49:58 PDT
Raging mania to lock in mortgage rates when they were still at 3.2%. But now they’re near 5%.
Mar 29, 2022 - 12:45:07 PDT
The Case-Shiller National home price index (HPI) grew at a 19.17% YoY rate in January despite mortgage rate increases. Where? Phoenix, Tampa and Miami lead the way with Dallas, San Diego and Las Vegas close behind.
Inflation, Shortages Push Americans to Switch Brands More Than Ever: WSJMar 29, 2022 - 12:43:54 PDT
Well-known brand names and flashy ad campaigns are no longer enough to command U.S. consumers’ loyalty in grocery stores.
The REASON Biden needs war is very simple. The world monetary system is collapsing. The negative interest rates in Europe since 2014 have wiped out all the pension funds that needed 8% to break even. This is what is being the Guaranteed Basic Income because the politicians have destroyed the future of pensions. Even in
Join Mike Maloney and Adam Taggart as they discuss a recent article from Marketwatch that revealed some startling remarks from Russia about gold. It seems that every day, more and more of Mike Maloney’s predictions are coming true.
Fed Finally Admits That COVID Stimulus Is Responsible For Hottest Inflation In A GenerationMar 29, 2022 - 11:58:32 PDT
It looks like the analytical geniuses over at the San Francisco Fed have finally figured out something that Larry Summers anticipated nearly a year ago: When you pump trillions of dollars of stimulus spending into the economy, it causes inflation to overheat to the highest level in a generation.
Mar 29, 2022 - 10:59:31 PDT
In part two of Jim Rickards' discussion with our Daniela Cambone, the NYT best-selling author said, "inflation can go a lot higher," because the Fed cannot do anything about supply shortages ranging from food to oil. Real wages are, "negative, they're going down," and with rising inflation, people will not spend money elsewhere which can slow the economy further, he asserts. If the Fed continues down its projected path of rate hikes, "then they will cause a recession, it will absolutely happen,” ...
Mar 29, 2022 - 10:17:00 PDT
Negotiators from Ukraine and Russia met in Turkey to resume talks on a ceasefire and eventual settlement to the conflict. While early reports suggest progress was made, US Secretary of State Blinken threw cold water on the optimism. What gives? Also today: another Biden blunder - we're training Ukrainian troops in Poland?? Record military budget. And a new poll will leave Biden in tears...
The administration of US President Joe Biden has requested a world record-breaking $813 billion in annual military spending amid rising tensions between the West and Russia over NATO’s expansion into Eastern Europe.
Inflation Expectations Hit Record Highs As Conference Board Survey 'Hope' Crashes To 8-Year-LowsMar 29, 2022 - 08:13:18 PDT
So Powell and his pals face weakening sentiment but worrisome inflation.
Job Openings Stubbornly Stuck At All Time High, 5 Million More Than Unemployed WorkersMar 29, 2022 - 08:11:40 PDT
Last month, the BLS reported that the US job market was plagued by a near record 11.26 million job openings. Then moments ago, the BLS published its latest, February JOLTS report according to which job openings had hit a new record high 11.266 million, but not really, because just as all other labor data else was adjusted sharply higher for 2022...
Founded in 1958 by President Dwight D. Eisenhower, DARPA is among the most influential organizations in technology research, spawning projects that have played a role in numerous innovations, including the Internet, GPS, weather satellites and, more recently, Moderna's coronavirus vaccine.
President Joe Biden’s budget request highlights shrinking cumulative deficits by more than $1 trillion over the next decade, but that barely makes a dent in the government’s ballooning debt.
Mar 29, 2022 - 07:31:45 PDT
Here We Go Again. Sanctions Don't Work! Period! When have sanctions ever dislodged anyone?
Mar 29, 2022 - 07:29:41 PDT
He claims to fight inflation when reality is just the opposite. He touts aggressive action on climate despite being rebuffed in the Senate. The first 50 pages are among the biggest hype over minimal progress in history.
Soaring raw material prices are forcing restaurateurs to change the menu, thereby changing people's eating habits.
The Fed’s application of its framework has left it behind the curve in controlling inflation. This, in turn, has made a hard landing virtually inevitable.
8 In 10 Americans Worried Biden's Bumbling Will Lead To Nuclear War; New Poll FindsMar 29, 2022 - 07:06:20 PDT
Joe Biden, the man who ‘won’ an election with a record number of votes now has a record low approval rating with just 40% expressing content with his handling of the presidency.
The national debt stands at $30.3 trillion and the US government continues to run massive deficits. But does it really matter?Some people say that it doesn't because "we just owe the debt to ourselves."