Tumbling Gas Prices Caused Inflation To Fall to 8.5 Percent in July
In more normal times, an annual inflation rate of 8.5 percent would be catastrophic news. Right now, it might be greeted with sighs of relief....
GDPNow Third-Quarter Forecast Jumps to 2.5 Percent, Recession Off? – Mish Talk
GDPNow data from Atlanta Fed, chart by Mish Please consider the August 10 GDPNow Forecast. The GDPNow model estimate for real GDP growth (seasonally adjusted...
What Biden Meant When He Said Zero Inflation (July CPI Rose 0% In July) While REAL Earnings Growth Remains Negative And Rent CPI Soars – Confounded Interest – Anthony B. Sanders
Joe Biden is without a doubt the worst communicator in Presidential history. Here is clip of him explaining how wonderful the US economy is under...
Fannie Mae’s Home Purchase Sentiment Index Falls From 81.7 In March 2021 To 62.8 In July 2022 (As Fed Tightens And Home Prices Boom) – Confounded Interest – Anthony B. Sanders
Fannie Mae’s Home Purchase Sentiment index has declined from 81.7 shortly after Biden was sworn-in as President to a meager 62.8 in July 2022. Of...
Australia’s Central Bank Working With BIS To Launch Digital Currency System
By Tyler Durden Australia’s Reserve Bank is launching a pilot program over the course of the next year in collaboration with the Bank for International...
BIS Has Nearly Ended Its Gold Swap Business
According to its just-published statement of account for July, the Bank for International Settlements has nearly ended its gold swap business, which it has been...
The End Game for Silver Shenanigans…
The federal criminal trial of JP Morgan executives Michael Nowak, Gregg Smith, and Jeffrey Ruffo began on July 8th. These senior bankers are accused of...
Jupiter’s Naylor-Leyland: Why the Fed could send gold and silver to record highs
A U-turn on rate hikes would send gold price sky-high, says the Jupiter precious metals manager. Gold has proved resilient amid the inflation crisis of...
Treasure trove of gold and jewels recovered from a 366-year-old shipwreck in the Bahamas
A treasure trove of gold coins, gemstones and jewels was recently uncovered at a 366-year-old Spanish shipwreck. In an effort to conserve what’s left of...
Funds are turning sour on gold when you’d least expect it
Bloomberg/David Fickling/8-7-2022 “Macro hedge fund managers, despite their fat salaries, don’t have anything like a perfect record in predicting the direction of the market. If...