Biden’s ‘plan’ to combat inflation is misguided; a focus on energy, lower taxes is needed
Joe Biden’s Wall Street Journal op-ed on his latest plans to tame escalating inflation passes the buck once again when Americans are desperately trying to...
May Payrolls Drop To 13 Month Low But Come In Hotter Than Expected; Wage Growth Eases
Heading into today’s key payrolls print, we had a feeling that contrary to Wall Street’s generally cheerful expectations, the jobs number would be bad based...
Global Food Prices Stay Near Record as Ukraine War Upends Trade
(Bloomberg) — Global food prices stayed near a record as Russia’s invasion of Ukraine disrupted trade, fueling hunger and worsening a cost-of-living crisis. Most Read...
Suddenly Here Comes the Inventory: Homes Listed for Sale Jump amid Price Reductions and Sagging Sales
The shadow inventory emerges with perfect timing, just as holy-moly mortgage rates and sky-high prices keep buyers away. By Wolf Richter for WOLF STREET. “Inventory” in housing means...
Central bankers are ‘running down the clock’
Asset markets in the U.S. are flirting with a ‘bear market’. Declines have accelerated also in markets across the globe. The reasons behind the declines...
Gold, Silver & Mining Stocks Due For A Big Rebound | Jeff Clark, Precious Metals Analyst
For an updated outlook for gold & the miners, we’re fortunate to have Jeff Clark, Senior Precious Metals analyst for GoldSilver.com return to the program....
The Two Faces Of Employment (REAL Avg Hourly Earnings At -2.80% In May, Labor Force Participation Remains Below Pre-Covid Levels) – Confounded Interest – Anthony B. Sanders
confoundedinterest17 #inflation, Banking, Economy, GDP, Housing, Inflation, Jobs, Mortgage, Natural Gas, Oil, Powell, Treasuries, Treasury, Uncategorized, Wages, Yellen June 3, 2022June 3, 2022 2 Minutes...
Russia Holds Nuclear Drills As Biden Unveils New Aid Package For Ukraine
Russia’s nuclear forces have launched fresh drills northeast of Moscow, in the Ivanovo province, according to new Russian defense ministry statements Wednesday. Reuters cited Interfax...
Is The Bear Market Setting A Bull Trap?
The job of a bear market is to make as many people as possible lose as much money as possible. In this week’s Market Recap,...
Russian Pacific fleet begins week-long exercises with more than 40 vessels -Russian agencies
June 2 (Reuters) – Russia’s Pacific Fleet launched a week-long series of exercises with more than 40 ships and up to 20 aircraft taking part,...