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The stock market did not care for this news, and equities across the board tanked with the S&P 500 turning in its worst day since June 2020.
READ MORENot a revenue-shocker (they were up even from stimulus-miracle a year ago), but a cost-shocker. Unable to pass on all the cost increases, their margins got squeezed.
READ MORE“Recent stock market volatility” catches some of the blame.
READ MOREA little over a week ago, when looking at the latest consumer credit data from the Federal Reserve, we were shocked to learn that in March, credit card debt soared by a record $52.4 billion, the biggest monthly increase on record and more than double the expected change.
READ MOREIt looks like one of those everything is down days. First, the 10-year US Treasury yield is down -4.9 BPS as of 7:43am EST. The S&P 500 Mini Futures contract is down -0.9%. Gasoline futures are…
READ MOREThe element gold is a pirate's booty and an ingredient in microcircuits. It's been used to make jewelry since at least 4000 B.C. and to treat cancer only in recent decades.
READ MOREThe Royal Mint Physical Gold ETC (LSE:RMAU) has reached over US$600m in assets under management (AUM), more than doubled since the end of 2021.
READ MOREPortugal's central bank has opened up its heavily guarded vaults in a small commuter town near Lisbon, giving a rare glimpse of where some of the country's gold reserves are kept. The 67,000 square metre compound in Carregado houses an ultra-secure vault where 45% the Bank of Portugal...
READ MOREFinally, longs continue to sell their gold as they weigh the combined effects of Fed rate hikes and the end of the world not coming from the war. Sorry, this is a stupid reason to sell gold, but it exists and has been facilitated by decades of Fed “discouragement”. But the longer the war goes on, the sticker the Gold rallies will be, especially if stocks are dropping
READ MORENenner is still long term bullish on gold and says it will hit “$2,500” in the not-too-distant future. Nenner says if the world goes back on a gold standard, “gold will hit $40,000 per ounce.”
READ MOREThe global economy is in a very precarious position, with governments aggressively increasing interest rates while the world faces an energy shortage.. If the debt bubble bursts then we will be faced with a shrinking economy that cannot accommodate a growing population.
READ MOREThe Swiss government has laid on its biggest military deployment in peace time – not for any war or overseas intervention, but rather to protect the global elite who are gathering in Davos for Klaus Schwab’s annual World Economic Forum confab.
READ MOREThere’s a lot of news flying around about the changes happening in global currency trading. From “Gas for Rubles” to “What the Hell is Going on With the Yen?” there are a lot of questions and very few answers as to what it all means and whose on which side of the divide...
READ MORERussia and China’s commitment to survival and cooperation goes far beyond utilitarian concerns as outlined by their February 4th joint statement for Cooperation Entering a New Era which called for the further integration of the EAEU and BRI, military intelligence harmonization under the growing SCO and broader international integration of the multipolar system.
READ MOREIf they gave the bill a more accurate title, it would be called the “Money For Raytheon And Friends” bill, as the majority of the funds from the latest $40 billion behemoth will be used to supply weapons purchase orders, and resupply weapons that were already sent to Ukraine, which arrived with a seeming back room deal to add to the deep pockets of the weapons manufacturers back home.
READ MOREThe EU believes something to be true which isn't, it can bring Russia to its knees by forcing it to take oil wells offline.. even if it kills them...
READ MOREGas prices in both the United States and Europe hit new highs Wednesday, with average prices per gallon in California topping $6, compared to over $9 in Norway and Denmark
READ MOREShrinking its massive portfolio of home loans won't make for easy economics or politics. If you took out a mortgage over the last couple of years, there's a good chance the holder of that loan is America's central bank — a consequence of its monetary stimulus efforts throughout the pandemic.
READ MORELike a supertanker, US debt-service costs only change course very slowly. But it’s happening now -- and from Washington’s point of view, the new direction is the wrong one: they’re heading up.
READ MOREWith a gallon of milk up about 25% since before the pandemic, and retail bacon 35% higher, it’s hard to imagine how US food inflation could get any worse.
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