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Shoppers Are Caught Off Guard as Prices on Everyday Items Change More Often: WSJFeb 4, 2022 - 07:16:50 PST
Airlines, gas stations and large retailers have used dynamic pricing for years. Now more sellers are trying out the strategy to help deal with inflation.
The Federal Reserve’s printing press enables reckless DC spending, and now we're all paying the price.
With little fanfare, the national debt crossed the $30 trillion threshold this week. That is an unfathomable number. And as host Mike Maharrey explains in this week's Friday Gold Wrap podcast, it's worse than that. Most people aren't concerned. Maharrey argues that they should be, likening the federal government's borrow and spend policy to a monetary Jenga game.
Inflation is rising at near-record rates and Sen. Rand Paul, R-Ky., said he believes it is "only going to get worse," calling it the "hidden tax" of the COVID-19 stimulus packages.
Feb 4, 2022 - 06:01:24 PST
We renew our view that there is a higher risk of inflation staying elevated across the CEE region than in the developed EU economies, as the labour markets remain tight and the expansionary fiscal stance overlaps second-round effects from energy prices.
January Payrolls Huge Beat, Soaring 467K As December Revised Massively Higher; Earnings OverheatingFeb 4, 2022 - 05:40:41 PST
So much for all those hoping that January payrolls would be a huge miss (due to Omicron or not) and perhaps slow the Fed’s rate hike intentions: moments ago the BLS unleashed a two-for-one shock when it unveiled that not only did January payrolls print at a huge 467K, almost four times higher than the 125K expected...
SEC Chair Gary Gensler Embarks on Ambitious Regulatory Agenda. What It Means for InvestorsFeb 4, 2022 - 05:34:46 PST
"This is one of the largest regulatory agendas we have seen from the SEC in many years," said one former SEC official.
Digital Dollar Gains Steam As Fed Says Its Prototype Can Handle 1.7 Million Transactions per SecondFeb 4, 2022 - 05:29:45 PST
Cryptocurrencies have taken a beating in the market in recent months, but the steady march toward an economy greased by virtual money continues apace.
Global Central Banks To Embark on “Largest Quantitative Tightening in History”: Morgan StanleyFeb 4, 2022 - 05:26:24 PST
A surge in global inflation is forcing the U.S. Federal Reserve, European Central Bank, Bank of Japan and Bank of England to reel in the support measures used during the coronavirus pandemic.
For the world’s richest people, there used to be three ways to quickly see a fortune disappear: Death, default or divorce.
Global equity markets slumped lower on Thursday while gold prices steadied and the dollar weakened as frightened investors digested disappointing updates from major central banks about the outlook for inflation and interest rates. The European Central Bank and the Bank of England soured investor sentiment...
Investment banks brought forward their calls on European Central Bank interest rate hikes after a hawkish turn from the ECB that opened the door to the possibility of increased borrowing costs this year. With euro zone inflation at a record high in January, ECB President Christine Lagarde declined to repeat her...
The world’s enormous pool of negative-yielding debt shrank by a record 20% in just a day, signaling that negative yields might be a thing of the past if ever-bolder bets on policy normalization pay out.
Russia, China Agree 30-Year Gas Deal via New Pipeline, To Settle in EurosFeb 4, 2022 - 05:05:12 PST
Russia has agreed a 30-year contract to supply gas to China via a new pipeline and will settle the new gas sales in euros, bolstering an energy alliance with Beijing amid Moscow's strained ties with the West over Ukraine and other issues.
Oil Closes In on $100 a Barrel As European Storage Sites Hit by Cyber AttacksFeb 4, 2022 - 05:02:00 PST
As oil prices head for their seventh weekly gain, West Texas Intermediate also hit a fresh seven-year high as it neared $91 a barrel.
FIVE IMPORTANT GOLD & SILVER INVESTMENT CHARTS: Record American Gold Buying In 2021February 4, 2022
In this Gold Member Update, I discuss five important precious metals investment charts, including one that shows Americans purchased a record amount of gold bars and coins last year. With the U.S. Government's public debt now at $30 trillion...
Did you know that just over one month ago our National Debt crossed $29 Trillion…and then only two days ago crossed $30 Trillion? These are numbers so high that only dogs can hear them, and the scariest thing is the pace with which they are moving.
Gold prices steadied on Thursday, as a weaker dollar and risk-off sentiment in the equity markets helped counteract pressure from a jump in U.S. Treasury yields.
Global official gold reserves increased by 14.2t in December according to data released by the IMF. Healthy purchases from Turkey and Uzbekistan lifted gross purchases during the month. This marked the tenth monthly purchases for 2021.
Rising interest rates increase the opportunity cost of investing in gold. However, historical analysis shows that while gold underperformed in the months before the start of prior Fed tightening cycles, the asset gained momentum once tightening began.