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Gold had dropped by over $100 in the last two weeks. Meanwhile, the dollar rose to a 7-week high on May 17. If you’re thinking that this looks a lot like how gold and the dollar moved at the height of the Federal Reserve’s inflation fight, you’re right. That’s because the central bankers at the […]
On an annual basis, the Consumer Price Index (CPI) increased by 4.9% in April. While that’s an improvement over last year, it’s still not good. It’s more than twice the Federal Reserve inflation target. And as Peter Schiff pointed out during a recent interview with Jesse Kelly, the reality is even worse than the numbers […]
Was the producer price data that came out late last week really more good news on the inflation front? That’s certainly how the mainstream media spun it. But as was the case with the April CPI data, the mainstream spin didn’t necessarily reflect reality. In fact, there is a pro-government, pro-official narrative bias that pervades […]
Great news on the inflation front! At least if you believe the headlines. For example, “Consumer Prices in April Rise at the Slowest Annual Rate in Two Years.” But if you read about one inch below the headline, you’ll discover things aren’t so great. In fact, the actual data reveals price inflation is looking pretty […]
The Federal Reserve raised rates yet again during its May FOMC meeting. Now everybody is trying to decipher the messaging coming out of the Fed to figure out what’s next. But what if the words Powell and Company are saying don’t really matter? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey […]
Is the rate hike pause in play? That question remains up for debate after the May Federal Reserve Open Market Committee meeting. But when you break it all down, the underlying economic reality is far more important than the messaging coming from Powell and Company. And the underlying economic reality is that inflation isn’t beat […]
Treasury Secretary Janet Yellen keeps insisting that the banking system is “sound.” Is it though? Because it doesn’t look particularly sound. In fact, we just witnessed the second-largest US bank failure ever.
Today is tax day. I’m not pleased. I don’t know about you, but that means my bank account balance will be significantly smaller later this evening. I’m going to have to write a big check. But hey, this is the price I pay for a more civilized society.
By hiking interest rates, the Federal Reserve has pulled some of the monetary stimulus out of the economy. While the Fed hasn’t done nearly enough to put the inflationary fire it lit with more than a decade of easy money, the cooling consumer price index (CPI) indicates that this has put a modest dent in […]
With the CPI coming in slightly cooler than expected and producer prices unexpectedly falling, a lot of people think the Fed pivot is now in play and we will soon see an end to monetary tightening. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the possibility of a pivot, […]
