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The economic data indicates that the US economy is already in a recession. The Biden administration wants you to think otherwise, and the White House has come up with an interesting way to deny the recession reality. Just change the definition of a recession. Peter Schiff appeared on the Ingraham Angle with Lauren Ingraham to […]
It’s getting harder and harder to deny recession reality. Even as the Biden administration tries to spin itself out of that reality with a propaganda campaign, many in the mainstream seem to be waking up. On Monday (July 25), Reuters reported that the tanking housing market is a red warning flag signaling a recession.
Inflation and rapidly spiking prices aren’t just a problem in the US. It’s gotten so bad in Europe that that perpetually dovish European Central Bank (ECB) has been forced to go hawkish. But not really. Just hawkish for the ECB. Last week the ECB raised interest rates for the first time since 2011. The bank […]
You don’t have to worry about that recession anymore. The White House fixed it. And by “fixed it” I mean it just changed the commonly held definition of a recession.
The price analysis two months ago concluded that a neutral market had been found between $1800 and $1850 and was waiting to see a break of resistance or support. It leaned bullish with indicators showing the down move had run its course but it also highlighted the risk that a drop below $1800 and $1750 brings $1680 […]
It’s getting harder and harder for recession deniers to justify their optimism. And some people seem to be waking up to that reality. Late last week, we got more economic data and corporate earning news that proves the economic optimism that’s been bandied about for months is unfounded.
Gold started July delivery activity as the weakest minor month since 2019. This showed a general lack of interest in the market. Considering the activity since then, it’s possible this was a signal of capitulation. Since the start of the delivery month, activity in the July gold contract has exploded.
We’ve heard all kinds of excuses for inflation. It was COVID. It was Putin’s price hikes. It’s greedy corporations. This week, we learned it’s the millennials’ fault. As host Mike Maharrey explains in this week’s Friday Gold Wrap, all of these notions miss the mark. And they let the real culprit get off scot-free. How? […]
Government price controls are a bad idea that just won’t go away. With prices skyrocketing, you’ll hear some people on the left argue that the US government should implement price controls. Meanwhile, President Biden’s “Build Back Better” plan would impose various price controls on prescription drugs.
On July 1, a Virginia law extending and expanding a sales tax exemption on the sale of gold and silver bullion and coins went into effect. Ending the sales tax will relieve some of the tax burdens on investors, and take a step toward treating precious metal bullions as money instead of a commodity.
