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Peter Schiff: History Shows It's Impossible to Put the Inflation Genie Back in the BottleFebruary 27, 2023
The markets basically shrugged off the hotter-than-expected inflation data for January. Most people remain convinced that the Fed can easily get price inflation back to 2% without wrecking the economy. But in his podcast, Peter explains that stuffing that inflation genie back into the bottle is a lot harder than most people seem to think.
METALS & ENERGY UPDATE FEB 26th: North East Grid Heading For Trouble While Energy Prices Continue To Surge In The West...February 26, 2023
There is a troubling trend taking place in the North East Electric Grid Americans should be concerned about, but the West Coast is currently facing Big Problems as energy prices continue to surge higher. Also, with the recent selloff in the precious metals, what's next...
Juan Carlos Artigas of the WGC discusses why and how gold remains a relevant asset during economic recessions.
Feb 24, 2023 - 12:55:32 PST
As the Russia/Ukraine conflict continues to intensify, the risk of deglobalization only grows. Amid escalating tactics from both sides..
Gold has not broken out yet because of the Federal Reserve's delayed but aggressive rate hikes, the large increase in real interest rates, and, most recently, the economy avoiding recession. However...
The darkness created by the delay in publishing COT reports can be lifted the moment the Commission lights a candle and publishes the most current data.
There are more red flags and crucial issues that are being overlooked by the Fed, such as the credit quality of the mortgage portfolios and borrowers’ profiles, shares of non-core assets, and off-balance sheet items.
Government handouts have kept the economy going, at the expense of a rise in inflation.
After one year, whatever morale boost Biden’s visit provided won’t necessarily have concrete, strategic effects in Ukraine.
Feb 24, 2023 - 11:59:11 PST
Treasury Secretary Janet Yellen said Thursday that the US will send about $10 billion in additional economic assistance to Ukraine in the coming months. Since Russia invaded Ukraine last year, the US has given Kyiv at least $13 billion in budgetary aid, economic assistance that goes directly to the Ukrainian government to fund government services, …
Wall Street's main indexes tumbled on Friday, on course for their biggest weekly drop of 2023, as further strong consumer data had investors bracing for more aggressive rate hikes from the Federal Reserve to fight sticky inflation.
As mortgage rates inch closer to 7%, hundreds of thousands of inflation-weary homebuyers across the U.S. are backing out of deals.
Two Federal Reserve officials suggested Friday morning that inflation could persist longer than thought after the central bank's most closely watched inflation gauge surged by the most in months.
Inflation Horror Show. The Fed has got a problem on its hands.
All this suggests a strategy that's only available to those few nations with these capacities: weaponize global depression.
Inflation in Germany has continued to climb, driven by soaring energy and food prices, Destatis reports
High energy prices have caused household expenditures around the world to spike, pushing tens of millions of people into extreme poverty and even more into energy poverty
Retail Traders Go Bust As Speculation Inevitably Goes Wrong: Lance RobertsFeb 24, 2023 - 07:56:48 PST
A recent Wall Street Journal article exposed how retail traders that made millions during the pandemic trading the market are now wiped out.
Here's Where The Surge In January Spending And Inflation Came From: Biggest Tax Drop In HistoryFeb 24, 2023 - 07:55:45 PST
Many were expecting today's Personal Income/Spending/PCE report to come in "a little" above consensus expectations (hence the drift lower in futures overnight). Few expected the red hot numbers just published by the BEA (hence the collapse in futures after the print).
UMich Inflation Expectations Rose In Feb, Sentiment Soars For RepublicansFeb 24, 2023 - 07:53:01 PST
The headline from the University of Michigan sentiment survey continues to be inflation expectations. After the preliminary February print showed an unexpected rebound in short-term inflation expectations, all eyes were on today's final print which slipped a little from flash but is still higher MoM (4.1% final vs 4.2% flash vs 3.9% prior)...