News and Trends
Gold's Resilience Shows A Currency Crisis Isn't Far Away - Zero Hedge--4.17.24
According to one expert, the resilience of precious metals in the face of rising bond yields and a strong U.S. dollar suggests investors are hedging against currency debasements. Central banks adding gold to their holdings in recent months only supports that view. 
Peter Schiff: The Data Looks Grim For The Dollar - Zero Hedge--4.17.24
According to Peter Schiff, what the rising dollar index tells you in an environment of a rising gold price is that the dollar is losing value. Between increasing institutional demand for gold and silver and strong evidence of future inflation, the fate of the dollar does not look good.
Wholesale prices rose 0.2% in March, less than expected - CNBC--4.11.24
The producer price index increased 0.2% for the month, less than the 0.3% estimate from the Dow Jones consensus while initial filings for jobless benefits fell to 211,000, seeing a decline of 11,000 from the previous week's upwardly revised level and below estimates.
Stocks are headed for a decade-long 'dead' zone with losses on par with the dot-com bust, fund manager says - Yahoo! Finance--4.10.24
The stock market could be in for a decade of next-to-nothing returns, one top fund manager is warning. This is because inflation and interest rates could remain stubbornly high. Stocks could see near-term losses on par with the dot-com bust and the 2008 crash.
Inflation comes in hotter than expected in March - Yahoo! Finance--4.10.24
U.S. consumer prices came in hotter than expected in March. The data complicated the Fed's next move on interest rates as the central bank works to bring inflation back down to its 2% target.
US national debt interest exceeds defense spending: CBO - Fox Business--4.10.24
The latest budget update from the CBO found that the federal government has spent more on paying interest on the national debt than on the military in fiscal year 2024. The dramatic increase in the cost of servicing the debt is due to higher interest rates brought about by the Fed's fight against inflation.
The 'magic number' to retire comfortably hits a new all-time high - Fox Business--4.9.24
Inflation has made the cost of just about everything in the U.S. more expensive, including retirement. A new study has found the "magic number" that Americans believe they need in order to retire comfortably hit $1.46 million this year, the highest level on record.
Why US Public Debt Is Unsustainable And Is Destroying The Middle Class - Zero Hedge--4.8.24
Excessive public debt is unsustainable when it becomes a burden on productive growth and leads the economy to constantly rising taxes, weaker productivity growth, and weaker real wage growth.
US job growth blows past expectations; unemployment rate falls to 3.8% - Reuters--4.5.24
U.S. employers hired far more workers than expected in March and continued to lift wages at a steady clip, suggesting the economy ended the first quarter on solid ground. The Labor Department's closely watched employment report on Friday also showed the unemployment rate fell to 3.8% last month from 3.9% in February.
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