Wealthy Americans are getting hit hardest by the economy slowing down
Wealthier Americans aren’t spending — or earning—like they used to. Data from Bank of America Institute out Wednesday reveals households making more than $125,000 have...
How inflation is still crushing consumers
Inflation is improving, which is obviously good news. The annual rate of inflation peaked at 9% last June. It’s now at 4.9%. The year-over-year change...
US Budget Surplus for April Plunged 43% on Weakening Tax Revenues
(Bloomberg) — The US federal government’s budget surplus for April was down 43% from a year ago, thanks to a slide in tax revenues for...
Bond King Jeffrey Gundlach Says Rate Hikes Are Done — Is It Time For These 2 Sectors To Shine?
The Federal Reserve announced another 25 basis point rate hike last week, bringing the federal funds rate to its highest level since 2007. But according...
Argentina Is Going Broke to Stall a Full-On Currency Collapse
(Bloomberg) — Argentina’s fight to prevent its problematic currency from a total meltdown is leaving the central bank, by some estimates, broke. Most Read from...
April CPI: Price Inflation Looks Pretty Sticky
May 10, 2023 by Michael Maharrey 0 0 Great news on the inflation front! At least if you believe the headlines. For example, “Consumer Prices in April Rise...
Global De-Dollarization Nearing ‘Crossroads Moment’
https://sputnikglobe.com/20230503/pepe-escobar-global-de-dollarization-nearing-crossroads-moment-1110062907.html Pepe Escobar: Global De-Dollarization Nearing ‘Crossroads Moment’ Pepe Escobar: Global De-Dollarization Nearing ‘Crossroads Moment’ De-dollarization is heading for a breakthrough due to rising global...
Gold ETFs Record Net Inflows for Second Straight Month in April
May 10, 2023 by Michael Maharrey 0 0 For the second straight month, gold flowed into ETFs in April. Globally, gold-backed ETFs reported net inflows of 15 tons...
Inflation Will Stay High, Will The Dollar Be Destroyed?, George Milling-Stanley: Video
George Milling-Stanley, Chief Gold Strategist at State Street Global Advisors, discusses his outlook on gold, inflation, and the U.S. dollar. [ad_2] Source link...
Gold eases on profit taking after US inflation data
US CPI up 0.4% in April vs 0.1% in March Core inflation well above Fed’s target, analyst says May 10 (Reuters) – Gold prices edged...