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Bankruptcies Soar as High Rates and End of Covid Aid Hit Businesses Hard

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The number of US corporate bankruptcies rose 30 percent in the 12 months to September compared with the year-ago period, according to court data. Corporate bankruptcies are increasing at double-digit rates in most advanced economies as borrowing costs rise and governments unwind pandemic-era measures to support businesses worth trillions of dollars. “We observe the rise […]

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Gold Closes out 2023 Above $2063, Technicals Point to Price Gains in January

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Gold finished the final trading day of 2023 trading at $2,063.45, posting a 13.5% gain for 2023. Many analysts are predicting hundreds more in gains in 2024. (Kitco News) – If you told investors in September of last year that by the end of 2023, the gold price would be closing higher than the year,

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US Economist Predicts 2024 Will Bring ‘Biggest Crash of Our Lifetime’

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Harry Dent warns an ‘everything bubble’ will burst in the new year “Since 2009, this has been 100% artificial, unprecedented money printing and deficits; $27 trillion over 15 years to be exact. This is off the charts, 100% artificial, which means we’re in a dangerous state,” Harry Dent told Fox News. “I think 2024 is

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BRICS-Led Dedollarization Should Alarm the US as New Members Could Be Most Aggressive Against the Greenback, Former State Dept. Official Says

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“Collectively, the expanded BRICS network via these trade organization connections now eclipses 90 countries.” US policymakers should be concerned about a BRICS-led dedollarization, Thomas Hill wrote for the Atlantic Council. New members can provide BRICS with new trade affiliations to promote dedollarization. The recent expansion of BRICS should be a key cause of concern for

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Gold Outlook for 2024

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The technical analysis for this gold market is obviously very bullish. The Federal Reserve’s suggestion that it is going to cut interest rates during the year will continue to put upward pressure on the gold market. The bond market will continue to see lower yields for 2024, and therefore it does make more sense to hold gold.

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Gold Is Poised for New All-Time Highs in 2024 – World Gold Council

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Cavatoni said that central bank gold demand has completely transformed the marketplace as nations continue to diversify away from the U.S. dollar.  The Federal Reserve aggressively raised interest rates at its fastest pace in more than 40 years this past year, the gold market still managed to trade around $2,000 and even carved out a

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Spotify’s Layoffs Show There’s a Debt-Market Time Bomb Awaiting Many Companies

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Spotify cut 1,500 jobs – or around 17% of its employees – on Monday. CEO Daniel Ek pointed to higher debt-refinancing costs as one factor driving the layoffs. It’s a reminder of the debt-market time bomb looming for many companies, with interest rates having surged in recent years. As many as 561 US companies had

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Bidenomics has Taken a Big Bite Out of Your Retirement

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When adjusting for inflation, the average 401(k) account has decreased in value by nearly 25% in the past two and a half years. Immediately upon taking office, the Biden administration and their big-spender allies in Congress ran up multitrillion-dollar tabs with no way to pay, so the Federal Reserve just created the money to finance

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‘You Can Never Ever, Ever Have Enough Gold’ – EMR Capital’s Owen Hegarty

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“Precious metals will always be in demand,” said Hegarty. “You can never ever, ever have enough gold. Gold will always be in demand because it’s both a commodity and a currency. Hegarty noted that it’s both a hedge against inflation and geopolitical uncertainty. Peace, happiness, and kindness haven’t broken out completely around the world at this

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