The Rise and Fall of the Consumer
After experiencing the largest government-financed consumption boost in history, household demand for goods and services is poised to fall off a cliff. The US economy...
An esoteric oil gauge has spiked to an unprecedented level
Bloomberg/Alex Longley and Sharon Cho/6-28-2022 “Murban crude oil futures for August are trading at about $8.90 a barrel higher than for the following month. The...
Goldman Sachs Raises 2022 Gold Price Target to $2,500
June 29, 2022 by SchiffGold 0 0 Goldman Sachs sees a big upside in gold raising its target price to $2,500 an ounce by the end of the year....
Core blimey, guv’nor! Deflation looms.
This differential spells trouble. When I was a rookie in the financial markets, I asked a colleague one day what was happening. “Greenspan’s got the...
Notable Quotable | Today’s top gold news and opinion
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– “There are certainly forms of instability that have been introduced by algorithmic trading that will increase as we put more and more faith in...
Big Government Help Isn’t Helping
June 29, 2022 by SchiffGold 0 0 Ronald Reagan once said the most terrifying nine words in the English language are, “I’m from the government and I’m here...
“The Rubicon Has Been Crossed”: The BOJ Now Owns More Than 50% Of All Japanese Bonds
A little over three years ago, the Bank of Japan crossed a historic milestone when we reported that the central bank had become a top-10...
ECB’s pivot toward rate hikes feeds fears of new bond crisis
YahooFinance-Bloomberg/Carolynn Look/6-27-2022 “European Central Bank policymakers gather on a Portuguese hillside on Monday with the sinking feeling that their rush to tackle the inflation shock...
JPMorgan Chase’s Derivatives Spike by $14 Trillion in First Quarter to Six-Year High of $60 Trillion
By Pam Martens and Russ Martens: June 24, 2022 ~ Add JPMorgan Chase, the biggest bank in the United States with an unprecedented five criminal felony...
How Interest Rate Hikes Are Raising the Cost of the National Debt
As the Federal Reserve pushes interest rates higher in its campaign against inflation, the cost of servicing the country’s debt is rising, too. Working with...