Precious metals are apparently waking up. And here is where you can find the best deals.
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In a recent NYT column, economist Paul Krugman mocks Florida Governor Ron DeSantis, who warned that a central bank digital currency (CBDC) would give the government too much power over Americans.
Together, these factors generate a self-reinforcing cycle of debt saturation, declining collateral and credit contraction.
The European Union on Tuesday proposed making it harder for states to pour billions of euros of aid into an ailing bank, as Italy did with Monte dei Paschi di Siena six years ago.
"The tax code’s complexity has created an environment in which tax-preparation services, lobbyists, favored industries, and politicians thrive, while taxpayers struggle to make sense of ever-changing rules and regulations." ~ Antony Davies
Sounds like the mainstream media is finally beginning to pick up on ideas Mike Maloney shared over 10 years ago.
Beige Book Sees Slowdown In Employment And Inflation, Sharp Tightening In Credit Standards And Spike In "Liquidity" ConcernsApr 19, 2023 - 12:06:03 PDT
The Fed's latest Beige Book, which based on information collected on or before April 10, 2023, indicated seemingly little change in the Us economy, reporting that "overall economic activity was little changed in recent weeks" but when one reads deeper between the lines, some stark issues begin to emerge.
As US Debt-Ceiling Debacle Looms, Goldman Warns Of Stock & Bond Yield Declines, Dollar BidApr 19, 2023 - 12:04:56 PDT
US Sovereign credit risk protection has never cost so much as it currently does...
House Republicans To Propose Lifting Debt Limit By $1.5 Trillion, Or Until March 31 2024Apr 19, 2023 - 12:03:37 PDT
House Republicans will propose lifting the debt ceiling by $1.5 trillion, or until March 31, 2024 - whichever comes first, according to Punchbowl News' Jake Sherman.
A new rule from the Biden administration will force homebuyers with good credit scores to pay higher mortgage rates in order to subsidize loans to those with riskier borrowing profiles, the Washington Times reports.
I wrote about this in 2011 in Chapters 1 and 2 of my book Currency Wars. The scenario I presented at the time was that Russia and China would accumulate large gold reserves, pool their gold and launch a new digital currency backed by gold in place of the U.S. dollar.
Where Have a I Read This Before?: Bernanke Says US Could Be Facing A Mild RecessionApr 19, 2023 - 09:10:01 PDT
I'll remind everyone this Fed prediction of a mild recession in 2008 turned into the Global Financial Crisis and the wrost recession since the Great Depression.
Apr 19, 2023 - 08:30:55 PDT
Hoisington Management's 2023 First Quarter Review by Lacy Hunt is another gem.
Before considering the dollar's role as the world's reserve currency is ending, we ask you to consider four reasons.
While the US is pointing its finger to African debt issue, its own domestic economy is on the verge of trouble. Washington's monetary policy has shifted from extreme easing, to radical interest rate hikes, triggering multiple US banks to collapse as well as subsequent negative chain reaction around the world. How can the US, whose financial policy is so irresponsible and self-serving...
Now it is firmly ensconced among the climate change cult that eating meat is killing the planet and you must ‘eat ze bugs’, the same people have a new target, rice.
Rice production for the marketing year ending July 2023 is set to log its largest production shortfall in two decades, according to Fitch Solutions.
Apr 19, 2023 - 07:51:19 PDT
A Gallup survey highlights Biden's struggle to force people into EVs.
Millennial homeownership rates badly trail other generations. Here's a look in pictures and an explanation for what's happening.
Apr 19, 2023 - 07:40:30 PDT
It’s only mid April and mortgage demand should be approaching it’s yearly high. But under Biden and The Fed, mortgage demand seems to have peaked earlier than normal. It’s already late in mortgage cycle.
Apr 19, 2023 - 07:38:34 PDT
The US is beginning to be out of time for agreeing on a debt limit increase. But you don’t need a fortune teller to tell you that Biden and McCarthy will eventually agree to increase the US debt limit because everyone in Washington DC love to borrow and spend money. Regardless, we are seeing the 1-year US Credit Default Swap (SR, EUR) rise above 100, higher than during the 2008/2009 financial crisis.