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Big Banks Call for Recession and Possible Stock Market Crash
The converging forces of price inflation and economic contraction continue to weigh on asset markets. The Dow Jones Industrials got clobbered by 1,000 points on Wednesday and is headed for its eighth weekly loss in a row.… Keep Reading
Biden Administration Seeks Scapegoats for High Food & Gas Prices
Elevated inflation readings and stock market turmoil continue to inflict pain on investors. Some are hoping for a quick turnaround. Others are just looking for a place to hide.… Keep Reading
Stock Market Swoons on Fed Hikes and Economic Contraction
As turmoil in financial markets unnerves investors, a larger economic crisis may be starting to unfold. The Federal Reserve’s first steps toward tightening monetary policy are exposing vulnerabilities in the highly leveraged economy. The Fed spent year… Keep Reading
Markets Move Wildly on Rate Hike, Recession Fears
The strange phenomenon of a rising Dollar Index continued to exert downside pressure on precious metals markets this week. Gold prices are down 1.2% since last Friday’s close to come in at $1,915 per ounce. Silver shows a weekly loss of 4.8% to trade a… Keep Reading
Fed Chairman Powell Spooks Markets by Signaling 50 Point Hike
Tough talk from the Fed roiled markets yesterday, with stocks as well as precious metals getting hit. As of this Friday recording, gold is off 2.1% for the week to trade at $1,939 an ounce. Silver shows a weekly loss of 5.8% to bring spot prices to $24.4… Keep Reading
Biden Administration Desperately Deflecting Blame for Price Surges
Another set of troubling inflation reports are generating political shockwaves and roiling financial markets. On Tuesday, the Bureau of Labor Statistics released the latest Consumer Price Index report. The CPI topped last month’s reading to come in at … Keep Reading