Russian Gold Rerouted to China Amid Western Ban
Russia has significantly ramped up gold exports to China as Western governments closed their markets to the precious metal over the war in Ukraine, media...
For the first time in a generation, investment managers need to seriously consider persistent inflation
MarshMcClellan/Mercer Insights/8-24-2022 “Gold is a special case commodity. Historically, it has done well when fear of inflation is high, specifically inflation driven by monetary expansion,...
IRS Hiring Spree Is The Biggest Police-State Expansion In US History
Authored by David Harsanyi via The Epoch Times (emphasis ours), The Democrats’ new reconciliation bill isn’t just going to be the largest-ever expansion of a...
Personal Income and Spending in July Badly Miss Economist’s Estimates – Mish Talk
Real (Inflation Adjusted) Income and Spending data from BEA, Chart by Mish The BEA’s Personal Income and Outlays report for July 2022 was weaker than...
Richard Thaler Mocks Claims of US Recession, Sees Potential Deflation
Richard Thaler dismissed US recession concerns, citing low unemployment and lots of job vacancies. The Nobel Prize-winning economist suggested inflation could fade away over the...
David Stockman on Why the Mirage of Lowflation Era Is Coming to an End
To paraphrase Milton Friedman, everywhere and always deflationary commodity outages and shortfalls are turned into general price inflation by the foolish monetary “accommodation” policies of...
IS A GLOBAL RECESSION INEVITABLE?
The Big Question is a regular feature in which Project Syndicate commentators concisely address a timely topic. In this Big Question, we ask Jeffrey Frankel,...
2022 U.S. cropland values hit record $5,050 per acre, up 14% from 2021
AgWeb/Sara Schafer/8-9-2022 “After a calm period in January in which the land market remained steady, sales prices took another jump as a result of the...
You’re Forgiven, My Child! SchiffGold Friday Gold Wrap Aug. 26, 2022
August 26, 2022 by SchiffGold 0 0 This week, President Biden announced a plan to forgive $10,000 to $20,000 in student loan debt. It sounds nice and some...
Fed’s Favorite Inflation Indicator Cools Modestly From 40-Year-Highs, Savings-Rate Hits 13-Year-Low
The Fed’s favorite inflation indicator – PCE Deflator – was expected to slow in July data and it did with the headline dropping from +6.8%...