US Job Opening Far Lower Than Reported By Department Of Labor, UBS Finds
When it comes to labor market data (or rather “data”), Biden’s labor department is a study in contrasts (and pats on shoulders). One day we get a contraction in PMI….
Month: January 2023
Gold Set for Third Monthly Rise on Softer Dollar, Fed Slowdown Bets
Gold prices on Tuesday were on track for their third straight monthly gain, helped by an overall weaker dollar and expectations around slower rate hikes.
Wall Street Rises After Encouraging Inflation Data With Fed on Deck
Major U.S. stock indexes rose on Tuesday as labor cost data encouraged investors about the Federal Reserve’s aggressive approach to taming inflation a day ahead of the central bank’s critical….
Debt Ceiling Talks: Expectations Are Low as Biden and McCarthy Prepare to Sit Down
On one side, McCarthy and other Republicans have said that a deal needs to include spending caps at previous-year levels or a balanced budget, without specifying the deep cuts such….
The Failure of Central Banking in Developing Countries
Central Banks Have Caused Poor Monetary and Economic Performance.
Lebanon to Devalue Currency by 90% On Feb. 1, Central Bank Chief Says
Lebanon will adopt a new official exchange rate of 15,000 pounds per U.S. dollar on Feb. 1, central bank governor Riad Salameh said, marking a 90% devaluation from its current….
The Unseen Cost of Government Largesse
With America’s debt now hovering near 125 percent of GDP, and deficits topping $1 trillion yearly as far as the eye can see, we can no longer ignore this drag….
The $100 TRILLION QUESTION That is Impossible To Answer…Or Is It?
Mike Maloney recently wrote an open letter to all Keynesian economists, posing several ‘one-hundred-trillion-dollar questions’. Find out what the questions are, and why they can not be answered honestly or….
Comex Results: Gold Sees Massive One-Day Roll While Silver Adjustments Break Records
Strange activity continues at the Comex! Gold: Recent Delivery Month Delivery volume for February was a little less than half the contracts open at first notice. 6,005 contracts were delivered….