Bidenomics? US Purchase Mortgage Demand Falls -8% From Previous Week (DOWN -21% From Last Year, DOWN -45.3% Under Biden, Refi Demand DOWN -91%, Mortgage Rate UP 128%) – Confounded Interest – Anthony B. Sanders
Eggs, bacon and toast. All more expensive under Biden’s economy. And mortgage purchase demand is down -45.3% since Biden was elected and mortgage refinancing demand...
Gold can overcome near-term headwinds
UBS Insights/Chief Investment Office/6-8-2023 “[G]old has now fallen more than 5% from its recent peak in early May, when investors were more confident that the...
Rebound in Money Supply Will Prove Too Little, Too Late
June 28, 2023 by SchiffGold 0 0 Seasonally Adjusted Money Supply in May increased $131B. This is the first growth in adjusted M2 since last July and the...
‘Greatest Economic Reset In Our Lifetime’ Is Beginning: Mike McGlone, Bloomberg Intelligence: Video
The New York Fed currently indicates a 70.8% probability of a recession, reaching its highest level since 1982. According to Mike McGlone, a Macro Strategist...
Eight new insights from Nassim ‘Black Swan’ Taleb
MarketsInsider/Matthew Fox/6-23-2023 “The whole structure needs to tumble. [It needs to tumble like 2008] probably because systems don’t correct themselves without some kind of a...
Why the U.S. National Debt Will Likely Keep Growing
The Issue The United States federal debt is the subject of ongoing concern and, during negotiations over lifting the debt ceiling, a source of political...
Corporate bankruptcies and defaults are surging – here’s why
CNBC/Lillian Rizzon/6-24-2023 “Companies are defaulting on their debt due to uncertain economic conditions and heavy debt loads. High interest rates have made it difficult to...
‘Bond King’ Jeffrey Gundlach rings the alarm on US debt
Jeffrey Gundlach.REUTERS/Brendan McDermid “Bond King” Jeffrey Gundlach warned the US debt has ballooned and continues to swell. The billionaire investor noted the Fed’s interest-rate hikes...
Notable Quotable | Today’s top gold news and opinion
__________________________________________________________ “I have found throughout my long investment career that an investor needs to make very few investment decisions in their lifetime. The key is...
How Is the Spot Price for Gold Determined?
June 28, 2023 by SchiffGold 0 0 When you buy physical gold, the price you pay will start with the “spot price.” As defined by Investopedia, the “spot...