A recent report by the Congressional Research Service (CRS) noted, “Of particular concern is that the new interest rate environment could accelerate the timeline for reaching a ‘tipping point’ where GDP growth is persistently and adversely affected or a default on the debt… becomes imminent.” As deficits persist at historically high levels and the national […]
US National Debt Tops $34T: How Much Debt Is Too Much Debt? Read More »
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
Bankruptcies Soar as High Rates and End of Covid Aid Hit Businesses Hard Read More »
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,
Gold Closes out 2023 Above $2063, Technicals Point to Price Gains in January Read More »
There is no excerpt because this is a protected post.
Protected: US National Debt Tops $34T for First Time in History Read More »
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
US Economist Predicts 2024 Will Bring ‘Biggest Crash of Our Lifetime’ Read More »
“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
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.
Gold Outlook for 2024 Read More »
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
Gold Is Poised for New All-Time Highs in 2024 – World Gold Council Read More »
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
Spotify’s Layoffs Show There’s a Debt-Market Time Bomb Awaiting Many Companies Read More »
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
Bidenomics has Taken a Big Bite Out of Your Retirement Read More »
