Mortgage credit availability falls to lowest level in decade
Mortgage credit availability fell to its lowest level in a decade as lending tightened amid ongoing instability in the banking sector, according to data released Tuesday...
Debt debacle laid bare: U.S. owes whopping $7 trillion to foreigners
The good news during the latest government showdown is that most of the federal debt is owned by U.S. shareholders. The bad news is that...
AI could replace 80% of jobs ‘in next few years’: expert
Leading artificial intelligence researcher Ben Goertzel speaks at Web Summit in Rio de Janeiro Artificial intelligence could replace 80 percent of human jobs in the...
Treasury Secretary Panics: ‘Economic Chaos Will Ensue’
On Sunday, U.S. Treasury Secretary Janet Yellen warned that “financial and economic chaos will ensue” if the U.S. government’s borrowing limit isn’t raised. If that...
Williams Says Fed Is Data Dependent, Leaves Door Open to Pause
(Bloomberg) — Federal Reserve Bank of New York President John Williams said he is monitoring how strains in the banking sector affect the US economy...
Debt ceiling crisis: Why Biden needs to rethink his strategy as default looms
President Biden is set to meet with Speaker Kevin McCarthy and other congressional leaders at the White House today, and Biden is expected to reiterate...
The Biden Administration Keeps Lying about US Government Defaults
Last Thursday, Enrique Tarrio, a reputed national leader of the Proud Boys organization was convicted in federal court of seditious conspiracy along with three-co-defendants. This...
America is drunk on credit–and polarized politics complicate the Fed’s unenviable challenge of ending easy money
I would not want to be in the seat of Federal Reserve chair Jerome Powell. Whether the Fed continues to hike interest rates or not,...
Gold scores back-to-back gains ahead of U.S. inflation readings this week
Gold prices scored back-to-back gains on Tuesday, with the yellow metal moving closer to its settlement last Thursday which marked the second-highest finish for a...
XAU/USD to remain above $2,000 – Commerzbank
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Gold price is holding its own at $2,020-2,030 of the US inflation data. Economists at Commerzbank expect the yellow metal to remain...