Inflation

Consumer Sentiment Tumbles as ‘Recession-Like’ Symptoms Spread Among Americans

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The major reason is stubborn inflation cutting into people’s paychecks. Consumer sentiment in the U.S. dropped to an eight-month low in July, according to the Consumer Sentiment Index from the University of Michigan. In a 2024 poll, Gallup found that one-third of Americans mentioned economic issues as the nation’s most important problem. Consumer sentiment in […]

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Treasury Secretary Janet Yellen Downplays ‘Sticker Shock’ in US Grocery Stores Despite 25% Food Price Increase Since Pre-COVID

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Treasury Secretary Janet Yellen has brushed aside concerns about ‘sticker shock’ in American grocery stores, even though food prices have surged by 25% since before the COVID-19 pandemic. During a June interview with Yahoo Finance senior reporter Jennifer Schonberger, Yellen was asked if she had noticed the price hikes while grocery shopping. Yellen confirmed she

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Trump’s Record Far Superior to Biden’s on Debt and Inflation

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Over Biden’s near-four years in office, inflation is up roughly 20%. Under Trump, inflation was up 8%. Even adjusting for Bidenflation, deficits have been at least 50% higher under Biden than Trump.  Only a Ph.D. in economics who teaches at an Ivy League school would believe that these Biden policies will bring inflation and interest

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Signs That a Global Gold Standard is Gaining Traction – Steve Forbes

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“It’s hard to believe, but the world is beginning to lurch toward a gold-based monetary system,” Forbes wrote in an article published May 21. “This, despite the fact that the historical gold standard is held in almost universal contempt by economists and financial officials.” He said that despite the many myths and pervasive ignorance surrounding

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“Dramatic” Re-Pricing Across All Financial Assets Coming as the Fed Moves Away from Its 2% Inflation Target to This – Larry McDonald

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Financial markets are about to witness one of the most epic migrations of capital in history as investors rush into hard assets, warned Larry McDonald. With the national debt approaching $35 trillion, there are only two ways out of the situation — defaults or printing more money. A commodity bull market will dominate the financial

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Gold Is ‘Good Money’ as a Hedge Against Inflation and Default Risks, Says Billionaire Investor Ray Dalio

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“It is held by central banks for this reason,” he said. “In fact, gold is the third-most-held reserve currency by central banks.” Ray Dalio, the former Bridgewater Associates CEO said he is holding gold as a hedge against a potential debt crisis and higher inflation. The IMF projects that public debt in the world’s two

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Investors Will Want to Own Gold as ‘America Faces a Debt Reckoning’

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According to Ing, the biggest global economic threat is growing debt problems in the U.S. Since 08 the supply of Treasuries has risen 5X to more than $25 trillion. One of Toronto’s oldest boutique investment firms is warning investors that gold could be a good asset to own as the world faces significant threats in

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The Fuse on America’s Debt Bomb Just Got Shorter

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The Treasury is on track to borrow over $3 trillion this fiscal year, 50 percent more than previously estimated by the Congressional Budget Office. Bidenomics, perhaps best defined as the government spending, borrowing, and printing too much money, not only made the bomb larger but also caused inflation, which forced up interest rates. That was the

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