Gold and Silver Industry & Investing News
Today’s gold and silver market news, curated from the best of GoldSilver's team and around the web. Everything precious metals investors need to know including updates on big price swings, macro analysis, and breaking stories. Check back often or subscribe to get the highlights in your inbox. Monitor live spot prices on our charts page.
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It’s ‘Uncomfortably Possible’ That the Fed Will ‘Push Us Into Recession’: El-Erian
The Federal Reserve’s ability to achieve a “soft landing” in its fight against inflation is looking increasingly less likely, a growing number of economists are suggesting.
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Oil Price Reversions - The Inevitable Outcome Of Recessions
Oil price reversions are never expected but happen regularly as high prices create demand destruction in the economy.
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Recession Probability Spikes (Will Fed U-turn From Inflation Fighting To Recession Fight)
Slippin’ Into Darkness! Despite what Biden and his muppets say, there is a good chance that the US will slip into recession over the next 24 months. And with that, we are seeing a slight drop…
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Reverse Repos At Fed Hit All-time High, Recession Fears Mount
And why are banks stashing so much money at The Fed in the form of reverse repos? Fear of recession, perhaps?
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‘Next Stage’ of Inflation Is Coming, Economist Says
Americans hammered by rising inflation should brace for the economy to become even more precarious, an economist has warned. Inflation comes in several stages, and based on historical precedent, the next one the United States is facing won’t be pretty, he said.
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Bank Runs Happening Across China, People Complain Hard to Obtain Cash
After nearly one million Chinese people were unable to access their bank deposits in central China’s Henan province earlier ...
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Fed To Pivot By End Q3, Likely Sooner Predicts Analyst Luke Gromen
The last time today's guest was on the program, he made the case that the world's largest nations, burdened by over $200 trillion worth of dollars in debt, better "get busy inflating or get busy defaulting" Since then, many of these countries have tightened their monetary policies.
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A Disastrous, Immoral U.S. Debt
The stakes are too high – for the country, and as is often the case, for the marginal in our society. We can no longer afford the rampant spending and our immoral, dangerous and undemocratic debt.
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After $6 Trillion in COVID Spending, Team Biden Is Still Complaining About a Lack of Pandemic Funds
Democrats passed trillions in pandemic relief but continue to cry poor.
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Federal COVID Bailout to States and Localities Cost Taxpayers $855,000 Per Job Saved
Taxpayers paid an eye-watering $855,000 per job saved by the federal bailout of state and local governments, according to a new paper.
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Global Food Crisis 'Will Kill Millions' By Disease, Health Executive Warns: Barron's
The global food crisis sparked by the war in Ukraine will kill millions by leaving the hungriest more vulnerable to infectious diseases, potentially triggering the world's next health catastrophe, the head of a major aid organisation has warned.
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Housing Market Will ‘Inevitably’ Come Down
Disruptive Tech Research founder and chief analyst Lou Basenese weighs in on the housing market and the overall state of the economy on ‘Varney & Co.’
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Biden's Gas Tax Suspension Proposal Falls Flat In Congress
President Biden asked Congress on Wednesday to lift the federal fuel tax for three months in a bid to reduce excessively high prices at the pump, but the proposal is finding little support in Congress
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IRS Is Falling Further Behind on Tax-Return Backlog, Watchdog Says: WSJ
Lawmakers pressed for solutions to the Internal Revenue Service’s paperwork backlog, which continues delaying millions of refunds from tax year 2020 and slowing taxpayers’ ability to get answers from the government.
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I've Seen Enough, the US is in Recession Now, Q&A on Why
Not to worry, president Biden says a recession is not here, and no one on the Fed sees anything under one percent growth.
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JP Morgan Reportedly Laying Off Hundreds in Mortgage Business
JP Morgan Chase is laying off hundreds of employees in its home-lending business and reassigning hundreds more this week, Bloomberg News reported on Wednesday.
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Michael Saylor Fears a Bitcoin Crash and Begs the Government For Help
Laser-eyed Bitcoin speculator Michael Saylor blames regulators for the plight he is in.
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Bonds & Gold Bid As PMIs Send Rate-Hike Odds Plunging
This morning's PMIs - full of recessionary indications, forward-looking pessimism, and deflationary signals - appear to have been the straw that broke the camel's back of hawkish expectations. Rate-hike expectations have tumbled notably and subsequent rate-cuts are hovering at 75bps...
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Jerome Powell Is the Worst Federal Reserve Policy Maker in My Lifetime: MW
The result is clear. It is no longer a question of if we get into a recession, but when. The combined effects of high energy prices and rate hikes will suck growth out of the economy and create a recession. By succumbing to market expectations of fast rate hikes, the Fed will create the very recession that the bear market in equities already anticipates.
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Day 2 Live: Fed Powell Testifies Before House Panel on Inflation and Economic Woes, 10:00 am ET.
Federal Reserve Chairman Jerome Powell is scheduled to testify before a House panel Thursday morning to discuss the state of inflation in the United States. The hearing will begin at 10 a.m. ET.
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