Gold & Silver Investment News & Trends

News and Trends

The U.S. is weaker now than when we downgraded in 2011, former S&P ratings chairman says - CNBC--9.27.23
The U.S. is in a weaker position now than when S&P downgraded its sovereign credit rating in 2011, according to one expert. The U.S. is once again facing the prospect of a government shutdown and Moody's earlier this week warned a government shutdown would harm the country's credit.

Consumer stocks face big risks as Americans' wallets are battered by high gas prices, student loans, and expensive housing, Morgan Stanley's CIO says- Markets Insider--9.26.23
Consumer stocks will be under pressure in the coming quarter, according to Morgan Stanley. This is due to Americans getting battered by high gas prices, housing costs, and student loans. Economists have warned the weakening consumer could push the economy into recession.

Alarm bells ring as lawmakers prep for possible shutdown - The Hill--9.22.23
Some lawmakers are beginning to make preparations for a government shutdown. Congress has a little more than a week until the looming deadline to prevent a shutdown, or lapse in government spending. The last government shutdown happened roughly four years ago and went down as the longest in modern history.

About 93% of global central banks are exploring digital currencies - and that could boost de-dollarization, a report by IMF staff says- Markets Insider--9.22.23
About 93% of global central banks are exploring the possibility of having their own digital currencies. Such central bank digital currencies could aid the de-dollarization drive, according to a paper by IMF staff.

Fed signals it will raise rates one more time this year before it ends hiking campaign- CNBC--9.20.23
The Federal Reserve stayed put on Wednesday but forecast it will raise interest rates one more time this year. Projections released by the Fed showed the central bank would hike rates to a median 5.6% by the end of 2023.

The de-dollarization drive is spreading wider - Indonesia is the latest nation to join the anti-buck movement - Business Insider--9.20.23
Indonesia appears to be the latest country to jump on the de-dollarization bandwagon. The nation has launched a National Task Force to promote local-currency transactions, a move expected to help make the rupiah more stable and support local financial markets.

Americans are less than 2 weeks away from a federal government shutdown, and Congress still can't agree on the best way to avoid it--Business Insider--9.18.23
There is a government shutdown looming yet again and lawmakers can't agree on how to avert it. Congress needs to come to an agreement to fund the government by September 30, otherwise, it will once again shut down.

The Coming Collapse Of The Global Ponzi Scheme - Zero Hedge--9.18.23
It won't be long before governments around the world self-destruct. Interventionist economies of the West are in a fatal downward spiral burdened with unsustainable debt and the antiprosperity policies of governments.

Wholesale inflation surges more than expected in August - Fox Business--9.14.23
Inflation at the wholesale level surged more than expected in August as consumers continue to grapple with the rising cost of everyday goods. The spike came largely as a result of higher gasoline prices.

Billionaire investor Ray Dalio sounds the alarm on US debt and says bonds aren't a good long-term investment - Markets Insider--9.14.23
Billionaire investor Ray Dalio is sounding the alarm on U.S. debt and said bonds are not a good long-term investment. Dalio noted that the U.S. Treasury must sell huge amounts of bonds as federal deficits balloon, and added that the situation is also a world problem.

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