Precious metals are apparently waking up. And here is where you can find the best deals.
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What does it signify that the dollar is within a hair of its record low of a 2074th of an ounce of gold that it hit in August 2020?
The Accelerating Countdown to Armageddon tells us: “Those who focus on the U.S. national debt (and I’m one of them) ...."
Apr 6, 2023 - 07:20:08 PDT
Millions of Americans are beginning to ask themselves this question: Is the Federal Reserve (the “Fed”) a competent central bank or a terminally compromised regulator that simply does the bidding of Wall Street’s mega banks to the peril of average Americans and the U.S. economy? Millions of other Americans have already made up their minds on this point.
Last week, Fox News aired a segment discussing the possibility that the US dollar will cease to be the global reserve currency and what that would mean for Americans. The tone of the piece suggested that a “catastrophic” decline of the US dollar was not only possible, but perhaps even imminent.
In a system maintained by ever-greater extremes, confidence erodes very quickly once the next extreme fails to move the needle.
Uninsured deposits in the U.S. total at least $7 trillion. We show the top 30 banks with the highest level of these deposits.
Apr 6, 2023 - 05:50:01 PDT
ChatGPT's ideal model of a "recession proof" investment portfolio includes large allocations (20%) in gold and other precious metals.
Gold steadied above $2,000 an ounce as traders digested the latest data from the US and its potential impact on the Federal Reserve’s interest-rate path.
Inflation has been a massive issue for nearly every major country for the past year or so. Consumers and corporations alike have felt the pain, with the previous four quarters of earnings proving to be relatively lackluster. While inflation is slowly declining, it has caused the debt of the U.S. and other countries to soar.
Jobless Claims Explode Higher After BLS 'Revisions'; Tech Layoffs On '2001' PaceApr 6, 2023 - 05:43:43 PDT
After ugly ISM employment data, dismal JOLTS, soaring WARN notices, and a weaker than expected ADP print, this morning's Challenger, Gray & Christmas report announced a bigger than expected 89,703 job cuts in March (270,416 year-to-date), up 319.4% YoY. The West dominated the cuts (East 13,638; Midwest 21,764; West 48,123; South 6,178), with technology-sector...
Small Businesses File For Bankruptcy At Record Pace, Surpassing COVID CrashApr 6, 2023 - 05:42:44 PDT
Small businesses across the United States are experiencing a surge in bankruptcies, surpassing levels not seen since 2020. According to a UBS note reviewed by The Epoch Times, conditions could become worse as the knock-on effects from the recent banking crises begin to manifest.
Layoffs Are up Nearly Fivefold So Far This Year With Tech Companies Leading the WayApr 6, 2023 - 05:40:52 PDT
Companies announced nearly 90,000 layoffs in March, a sharp step up from the previous month.
The record number of developing nations at risk of a debt crisis will be high on the agenda next week when central bankers, finance ministers and political leaders convene for the World Bank Group and International Monetary Fund (IMF) spring meetings.
US Treasury yields declined further Wednesday — with the benchmark 10-year reaching its lowest level since mid-September — after a gauge of service-sector activity became the latest piece of data to suggest the US economy is headed for a downturn.
The approaching US earnings season is expected to be the gloomiest since the pandemic, according to Goldman Sachs Group Inc. strategists.
For months, consumers have clamored for banks to pay out more for deposits as the Federal Reserve raised interest rates. Now analysts say after the banking crisis shook markets last month, lenders appear to be rejigging offers in an effort to keep customers' cash parked in their accounts for longer. The promotions are running at a time when the failures of Silicon Valley Bank...
A glut of cars on the market is to trigger a price war among manufacturers as demand fails to keep pace with supply, analysts have forecast.
Costco Wholesale Corp. slipped in late trading as the second straight slowdown in a key monthly sales gauge stoked doubts about the strength of US consumers.
A growing chorus of European Central Bank officials predicts that interest-rate increases will soon come to an end — signaling a new-found consensus after tensions began to bubble up at their last policy meeting.
BOJ’s Kuroda Leaves $11.7 Trillion ‘Shock and Awe’ Experiment to His SuccessorApr 6, 2023 - 05:26:29 PDT
Within weeks of taking office a decade ago, Bank of Japan Governor Haruhiko Kuroda fired his “shock and awe” stimulus targeting a return to steady 2% inflation in around two years. As his tenure ends, the original “time horizon” remains largely that — something within sight but out of reach.