I was recently asked what I thought of the debt ceiling debate. To answer that question, I will first explain what I think is likely
Category: Gold Investment
Hike again? Take a pause? Fed officials are split about what to do next to fight inflation
WASHINGTON (AP) — The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates in the coming months, leaving the
Why Grandma Yellen Must Be Forced To Prioritize Spending
Let’s first reprise the great 2011 debt ceiling showdown. On July 28, just a few days prior to when the Treasury’s borrowing authority would have
US Now Spends More Servicing Its Debt Than On National Defense
By Mark Cudmore, Bloomberg Markets reporter and strategist Thanks to rising yields, the US government now has to spend more each year on servicing its
Biggest Fear Among US Business Leaders Is “Catastrophic” Debt Default: White House Economic Adviser
Authored by Tom Ozimek via The Epoch Times, A key aide to President Joe Biden said Sunday that American business leaders’ chief concern is not
‘Gold Rush 2.0’: California’s historic winter revealing new gold deposits | Latest Weather Clips
‘Gold Rush 2.0’: California’s historic winter revealing new gold deposits Creeks and rivers in California are running high due to snow melt, and the erosion
China’s NEW Way To Buy Gold: Video
China’s citizens have a new and even easier way to buy gold. Chinese bank account holders are now able to purchase gold directly through their
Treasury Confirms $925 Billion Deficit For First 7 Months of Fiscal Year 2023
In the first seven months of fiscal year 2023, the United States borrowed $925 billion, according to the latest Monthly Treasury Statement from the Treasury Department.
The Fed’s Interest Rates Are still Fueling Inflation rather than Dousing it, and People Getting Used to this Inflation
Turned upside-down since late 2008 with QE and interest rate repression, it still hasn’t been turned right-side up. By Wolf Richter for WOLF STREET. The Fed has now
Mortgage Demand Increases 6.3% Since Last Week On Rate Declines, But Purchase Demand Down 32% Since Last Year, Refi Demand Down 44% YoY – Confounded Interest – Anthony B. Sanders
Resident Biden has been an unmitigated disaster for the US middle class, but fantastic for BIG corporate America and the donor class. Mortgage applications increased
