Precious metals are apparently waking up. And here is where you can find the best deals.
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US Trade Deficit 2022: Imports, Exports of Goods and Services, by Product Category and CountryFeb 8, 2023 - 07:31:59 PST
Ugliest-ever trade deficit. But US exports grew to $2 trillion, 10% was crude oil & petroleum products. Pharma & industrial machinery exports were #3 and #4.
Major Shipping Line Seeks Supply-Chain Overhaul as Chaos Roils Global TradeFeb 8, 2023 - 07:27:37 PST
Increasing volatility in global supply chains means shipping lines must undergo a radical restructuring to survive, according to A.P. Moller-Maersk A/S.
Beijing is trying to kick-start growth, but one challenge it faces is Chinese citizens borrowed less and saved more last year and it isn’t clear how long it will take to return to freer-spending ways.
The U.S. military has notified Congress that China now has more land-based intercontinental-range missile launchers than the U.S., fueling the debate about how Washington should respond to Beijing’s nuclear buildup.
President Joe Biden starkly warned he will protect America against Chinese threats to its sovereignty and singled out President Xi Jinping – a striking escalation of a suspected spy balloon showdown during his State of the Union address.
Feb 8, 2023 - 07:21:15 PST
If you are looking for more inflation, then look no further than President Biden's wish list of ideas in his state of the union address.
The ISM and S&P reports are diffusion indexes, signaling direction not amount. For example a firm hiring 10 workers and a firm laying off 200 workers balances out.
Feb 8, 2023 - 07:18:32 PST
There has been a lot of discussion on the surge in credit card debt so let's dive in further.
U.S. Consumer Credit Grows at Slowest Pace in Two Years in Sign of Economic Worries: MWFeb 8, 2023 - 07:16:51 PST
The amount of credit consumers used in December rose by a scant 2.9% as Americans tightened their belts in response to a slowing economy.
Wholesale egg prices have declined by over 50% from their recent record highs. Retail prices may soon follow, but that's not a sure thing.
Super Bowl 2023 Party Inflation: You’ll Save On Wings and Guac but Pay Up for BeerFeb 8, 2023 - 07:05:42 PST
And to wash it all down, if your drink of choice is beer, expect to pay more, with prices up 11% from a year ago. That's alongside soft drinks, up a staggering 25% in price.
Gold Prices on Track to Rise for Third Day as Markets Cheer Dovish Powell: MWFeb 8, 2023 - 06:06:57 PST
Gold prices advanced on Wednesday for the third straight session as the U.S. dollar softened and Treasury yields declined, helping to bolster the relative attractiveness of the yellow metal.
While Bitcoin isn’t the answer, a digital currency could be. “I think that what would ... be best is an inflation-linked coin,” said Dalio, noting that the closest thing on the market to his vision is an inflation-linked index bond in the form of a currency.
Consumer revolving debt — mostly based on credit card balances — rose by $7.2 billion on a seasonally adjusted basis in December, reaching $1.196 trillion, according to the Fed’s G.19 consumer credit report released Feb. 7.
No Wonder Powell Didn’t Commit to Extra Hikes. January Jobs Report May Be Too Good to Be True: MWFeb 8, 2023 - 05:52:05 PST
Economists say the January jobs report do not point to a new acceleration in the jobs market.
Powell: A “Couple of Years” Before Fed Nears End of Balance Sheet DeclineFeb 8, 2023 - 05:50:53 PST
Federal Reserve Chairman Jerome Powell said Tuesday the U.S. central bank has some distance left to run in terms of shrinking its balance sheet. When it comes to setting a stopping point for shedding bonds from the central bank's holdings, "we haven’t put a specific target on it,” Powell said at an appearance before the Economic Club of Washington. "It will be a couple of years"...
Bond yields were easing back as investors look ahead to several Fed speakers due to make remarks on Wednesday.
A radical restructuring could give the scandal-plagued bank new momentum — but deep losses in 2022 could yet prove to be the last straw.
Turkey’s stock exchange suspended trading for the first time in 24 years, following a selloff that erased $35 billion from the value of its main equities gauge in the wake of two devastating earthquakes.
The Economist Who Predicted That A.I. Would Replace Half of All U.S. Jobs Now Says ChatGPT...Feb 8, 2023 - 05:40:58 PST
If ChatGPT is successful in creating competition like Uber did, it could drive wages down, according to Oxford economist Carl Frey.