Notable Quotable | Today’s top gold news and opinion
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– “In a lot of cultures, the word for money derives from the word for gold. In China, the ideogram for money is the ideogram...
Money Supply Growth Slows Enough to Pop the Everything Bubble but Not Enough to Cure Inflation
June 30, 2022 by SchiffGold 0 0 According to the seasonally adjusted data, M2 increased by $23B in May. This was the smallest monthly increase in M2 since...
Rising Interest Rates Will Crush the Federal Budget
The Federal Reserve’s policies of increasing interest rates and quantitative tightening—reducing its $8.9 trillion balance sheet—will increase the volume and cost of federal government borrowing,...
Morgan Stanley investment head sees hidden inflation threat in dollars and commodities
Forbes/Jason Bisnoff/6-28-2022 “We may get to a point sometime over the next three to six months, where the dollar starts to weaken on a relative...
Zimbabwe Central Bank to Offer Gold Coins as Inflation Ravages the Country
June 30, 2022 by SchiffGold 0 0 The Reserve Bank of Zimbabwe plans to issue gold coins as a way for investors in the country to store value...
China’s economy didn’t bounce back in the second quarter, survey finds
China’s exports surged by 16.9% in May from a year ago, two times faster than analysts expected. Pictured here on June 15, 2022, are workers...
California is sending ‘inflation relief’ checks up to $1,050 — here’s who qualifies
CNBC/Weston Blasi/6-29-2022 “If you’re a California taxpayer being hurt by inflation, you may be getting some financial relief. The state is sending 23 million residents...
US Q1 GDP Revisions Scream Stagflation
The third look at Q1 GDP appears to confirm the worsening picture of the US economy that is now evident in sentiment surveys nationwide. Growth...
Fed Is ‘Just at the Beginning’ of Raising US Rates, Mester Says, MBA Mortgage Purchase Applications Drop -21% WoW As Rates Rise (Mester Channels The Carpenters) – Confounded Interest – Anthony B. Sanders
Cleveland Fed’s Mester is channeling The Carpenter’s song “We’ve only just begun … to raise rates.” Financial markets are anticipating what Mester is saying: rapidly...
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