Q2 GDP Revised Higher To -0.6%, As Price Index Soars To Highest Since March 1981
While few will care about the second revision to Q2 GDP which as of today ended nearly three months ago and all attention has shifted...
Notable Quotable | Today’s top gold news and opinion
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– “The shrewder speculators* became alarmed. They began to sell their shares of stock, and hoard in gold the enormous wealth they had acquired. This...
Drought Conditions Now Affecting Two-Thirds Of US
Human remains discovered at the shores of Lake Mead in May, July and August as its water levels are at historic lows are just the latest...
The US dollar is rising to dangerous levels – here’s what to do about it
MoneyWeek/Dominic Frisby/8-23-2022 “After a month or so of welcome respite, the dreaded US dollar has got stronger again. It really is the scourge of everything. ...
European Power Prices Smash Records in Another Inflation Blow
(Bloomberg) — Power prices for Wednesday soared to records around Europe, heaping further pressure on governments to accelerate plans for how to shield households from...
“Tsunami Of Shutoffs”: 1 In 6 US Homes Are Behind On Power Bills
At least 20 million households — or about 1 in 6 American homes — are behind on their power bills as soaring electricity prices spark...
Biden’d? US Mortgage Applications Hit Lowest Level In 22 Years (Purchase Apps DOWN -21% YoY, Refi Apps DOWN -83% YoY As Fed Tightens To Combat Bidenflation) – Confounded Interest – Anthony B. Sanders
US mortgage applications just hit the lowest levels in 22 years, January 2000 as The Federal Reserve continues monetary tightening to combat Bidenflation. Mortgage applications...
US Durable Goods Orders Disappointedly Flat In July As Defense Spending Slumps
After surging in June, US durable goods order growth was expected to slow in July (preliminary data) but it notably disappointed with no change from...
Global Economies Flash Warning of Sharp Slowdown
Business activity in the U.S., Europe and Japan fell in August, according to new surveys, pointing to a sharp slowdown in global economic growth as...
Sales of New Houses Collapse (in the West by 50%!) Inventories & Supply Spike to High Heaven, Worst since Peak of Housing Bust 1
Forget “housing shortage.” It’s about crazy prices: For sales to revive at these mortgage rates, prices have got to come down a lot — and...