NEWS
Gold and silver market moving news, curated from the best of GoldSilver's team and around the web. Check back often for updates, or subscribe to get the highlights in your inbox.
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Freight Recession: Celadon, Largest Truck Carrier Bankruptcy in US History
Celadon Group, one of the larger full-truckload operators in the US with about 3,000 drivers and about 2,700 tractors, said today – confirming days of rumors – that it filed for Chapter 11 bankruptcy and is ceasing operations.
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Fed in Focus as Worries Mount over a Year End Repo Market Flare Up
The Federal Reserve will be in focus as Wall Street braces for what could be another dramatic spike in interest rates.
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Fears of a Slowdown in the US Housing Market Are Mounting
— and Home Depot just slashed its 2020 sales outlook...
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Why "This Sucker Is Going Down": Charles Hugh Smith
Once the contagion starts spreading, loose money won't put the fires out.
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US Consumer Prices Jump Most In A Year, But Goods Costs Decelerate
Core CPI rose 2.3% YoY (slightly slower than the last 3 months), with Energy, Used Cars, and Shelter dominating the MoM gains.
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Gold Prices Edge Higher as Investors Watch Tariff Talks and the Fed
The U.S. central bank’s update will be released at 2 p.m. ET about a half-hour after gold settles for the session. Although no one is expecting significant shifts from the central bank, investors will closely watch for clues on the outlook for monetary policy.
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A New Reason for the Fed to Cut Rates
The lesson that the Fed took away was twofold. First, that managing runaway inflation was unquestionably its responsibility. Second, that if inflation got out of hand, it would have to act quickly and risk a recession.
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Funding Of U.S. Deficits By Monetary Creation Reaches 90% In Late 2019
As can be seen in the graph above, for the last 12 weeks there has been a stunning visual correlation between the yellow bars of the total weekly funding of deficits by the Federal Reserve, and the green bars of the weekly deficit spending by the United States government.
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The Repo Crisis Shows the Damage Done by Central Bank Policies: Lacalle
This is, like the inverted yield curve and the massive rise in negative-yielding bonds, the tip of a truly scary iceberg.
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The Fed Has Been ‘Highly Ineffective’ At Steering Economy: Forbes
A former top Federal Reserve official says the central bank appears not to have learned key lessons from the Great Recession, including how its halting embrace of aggressive monetary policy left the economy short of both its inflation and employment goals for too long.
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After Year of Living Dangerously, Fed Likely to Signal Time to Lay Low
The U.S. Federal Reserve holds its last policy meeting of 2019 on Wednesday, having completed a year-long U-turn that saw it abandon a tightening cycle and lower borrowing costs three times...
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Markets Stare Into Dark Before Lagarde’s First Decision Day
A scan of analyst research notes is all that’s needed to conclude investor uncertainty is running high about what to expect from the European Central Bank’s final policy meeting of the year -- which is also Christine Lagarde’s first.
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2019 Was A Year Of Global Unrest... And 2020 Is Likely To Be Worse
The world is in worse shape than during the The Global Financial Crisis of 2007-08...
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Inflationary Angst
For some, yes, life is good and getting better, at least financially. Not so for every American… or even most of us.
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Nearly 150 CEOs Departed in November, a Record Year for Executive Exits
148 chief executives left their posts in November, according to business and executive coaching firm Challenger, Gray & Christmas.
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Half of US CFOs Expect Recession in 2020 as Election Looms
The CFO Survey has been conducted for 95 consecutive quarters and spans the globe, making it the world’s longest-running and most comprehensive research on senior finance executives. Results are for the U.S. unless stated otherwise.
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Subprime Retailer Conn’s: The Sudden Deterioration in New Accounts
Rising first-payment defaults and 60-day delinquencies, leading indicators, caused the retailer to become “prudent.” Shares plunged 33%.
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Refinance Boom Pushes Weekly Mortgage Applications Higher
Refinance volume drove total mortgage application activity 3.8% higher last week, according to the Mortgage Bankers Association.
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What Consumers Most Want in 2020: A Debt Free Life
When it comes to resolutions for next year, most individuals would rather save $5,000 than lose 5 pounds. And they'd rather get out from under the weight of their debts before cutting other bad habits.
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More Americans Delaying Medical Treatment Due to Cost
Putting off treatment for a medical condition because of the cost is at a high ebb in the U.S.
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