by Martin Armstrong Powell’s decision to retire the word “transitory” when discussing inflation was too little, too late. The Bureau of Economic Analysis (BEA) reported that US inflation soared 5.7% in November on an annual basis, marking a 0.5% rise …
U.S. inflation soars, spending softens in November The numbers: Consumer spending rose 0.6 in November after a 1.4% gain in the prior month, the U.S. government said Thursday. Personal income rose 0.4% after a 0.5% rise in October. The gains were …
From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Gold up as central banks look unwilling to hike, gold price’s Groundhog Day, and some very interesting …
by Michael Snyder If you haven’t been paying attention, you will want to start watching the price of oil again. Just before the financial crisis of 2008, the price of oil briefly shot up to 140 dollars a barrel, and …
by confoundedinterest17 The good news! US new home sales rose 1% in July to 708k units SAAR. The bad news? The median price of new home sales is $390k. More bad news for the midwest and northwest. New home sales …
by confoundedinterest17 The Federal Reserve reminds me of the movie “Jaws” with a giant, predatory shark lurking under markets. Well, Jaws is at it again at reverse repos exploded to $992 billion. Despite the effective Fed Funds rate having stabilized at 10 …
by Arkadiusz Sieron, PhD With the CPI annual inflation rate spiking 5% in May, gold could have gained a lot in response. However, it rallied only $20. Should we prepare for more? Whoa! Inflation soared 5% in May – quite a …
by Chris Marcus of Arcadia Economics On Wednesday Wall Street posted one of its biggest inflation numbers in history. Although once again the Federal Reserve says its “temporary”, and despite the spike, silver got pummeled.
From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: China opens its borders to billions of dollars of gold, silver is the real gold in Biden’s …
THE price of bitcoin has hit a record high as interest in cryptocurrencies continues to boom. Bitcoin has soared above $62,000 (£45,000) for the first time, according to CoinMarketCap’s price index. 1 Interest in bitcoin and crypto has surged …
https://www.youtube.com/watch?v=50qJ00dknWo China’s imminent housing crash is threatening to trigger a global financial catastrophe beyond any seen in modern history. While bond and stock markets across the United States and Europe are dangerously inflated due to central banks’ extraordinary response to …
by pacosteles In a time when pervasive chip and semiconductor shortages are snarling supply chains across the globe, it is hardly a surprise that chip giant Micron shares surged more than 5% in premarket trading, after the chipmaker gave a …
by confoundedinterest17 The Biden Effect is unlike the Butterfly Effect. More like the Mothra/Godzilla Effect. Oil prices and the 10-year Treasury yield have risen since Ol’ Joe took office. Check out the 10Y-2Y yield curve slope after Biden took office. But wait! …
https://youtu.be/Mn_16L9jFNE Reagan’s approval rating was 52% when he won 1984 in the second biggest landslide ever AC
That is just INSANE! Highest One Bedroom Median Rent Prices (Bay Area Locations in bold): San Francisco ($3,690 / month) Mountain View ($3,450) Emeryville ($3,050) New York City ($2,870) Milpitas (2,800) San Jose ($2,540) Boston ($2,390) Los …
via yahoo: Washington (AFP) – More massive than the US economy, the national debt hit a new record of $22 trillion under President Donald Trump but Republicans who traditionally rail against debt and deficits have remained mum. The sum of …
From Birch Gold Group There are lessons from the 2008-09 recession that the banking industry should have taken note of to prevent egregious lending errors from happening again. But it looks like those lessons were ignored, and history may naively repeat …
Canada is in the most debt ever in history. There has never been a time in which Canadians have accumulated this much mortgage, credit card, auto loans, personal line of credit, and every other form of debt ever. It’s the …
via thehill: The country’s budget deficit in the first two months of fiscal 2019, which began Oct. 1, was 50 percent higher than in the same period the previous year, according to the Congressional Budget Office (CBO), though the figure was …
by Martin Armstrong QUESTION: Do you concur with the IMF WARNING? RKC ANSWER: The IMF said: “No financial regulatory framework can or should aim to reduce the probability of crisis to zero, so regulators should remain humble.” What the IMF is warning about …
by DCG Can you imagine how many private contractors would go out of business if they couldn’t estimate construction costs properly and had overruns of over 50 percent on originally estimated costs? Course they have to make a profit – …
US Spending On Interest Hits All Time High As Budget Deficit Soars To $684 Billion The US’ spending problem is starting to become a major issue. According to the latest Monthly Treasury Statement, in June, the US collected $225BN in tax receipts – …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “It’s a bizarre occurrence and it will not be resolved soon.” Orders for Class 8 trucks in July jumped 187% from a year ago to 52,250 units, the highest number of monthly orders ever. These are …
by Michael Snyder America, you officially have a debt problem, and I am not just talking about the national debt. Consumer bankruptcies are surging, corporate debt has doubled since the last financial crisis, state and local government debt loads have never …
The second-half borrowing estimate of US$769 billion is the highest since US$1.1 trillion in July-December 2008 via scmp The Treasury Department predicted the US government’s borrowing needs in the second half of this year will jump to the most since …
by Jon Hall, Free Market Shooter Homicide and crime rates – including sexual assaults, and knife and gun attacks – continue to rise in the United Kingdom, with 90% of recorded offenses not ending in charges. A report published last week lays bare the shocking numbers – crimes …
by Michael Snyder Americans are on an absolutely spectacular debt binge. Does this mean that the economy is getting better, or does this mean that U.S. consumers are totally tapped out and are relying on borrowed money to make it …
by stockboardasset Out of control violence in Mexico has sparked a record increase in the country’s armored-car business, Reuters reports. Mexico recorded more than 25,000 murders by EOY 2017, the highest number “since modern records began,” with 2018 projections to be far worse …
By Harry Dent Two big news items in the last 24 hours have grabbed my attention. The first is Congress’s approving a bill to roll back the Dodd-Frank Act. If this passes, smaller financial institutions will find relief from the …