October 14, 2024

Long-Term Stock Market Averages

By Ben Carlson – A Wealth of Common Sense Through the end of September, […]
October 12, 2024

The 2-year-old bull market has just done something that shows it has further to run

By Jamie Chisholm – Market Watch Saturday marks the two-year anniversary of the current […]
October 11, 2024

Defining Bull and Bear Markets

By Ben Carlson – A Wealth of Common Sense Did the bull market from […]
October 11, 2024

Money Market Funds Are Losing Their Luster. Here’s What Shines.

By Joel Johnson – Forbes The Fed’s September 18th interest rate cut was […]
October 9, 2024

Mapped: Just Five Countries Make Up Half of Africa’s GDP

By Pallavi Rao – Visual Capitalist Africa’s GDP stands at $2.8 trillion in […]
October 9, 2024

A Little Money Perspective

By Ben Carlson – A Wealth of Common Sense The world has never been […]
October 8, 2024

Copper bulls vs bears – Richard Mills

2024.10.05 The copper price rallied to $10,000 per tonne ($4.53/lb) on Sept. 30 […]
October 8, 2024

Robust consumer spending is more evidence of a raging bull market – Richard Mills

2024.10.02 US stocks ripped higher on Monday, with all three indexes closing at […]
October 1, 2024

A 1982 ‘everything’ rally will spark multi year bull market – Richard Mills

2024.09.28 The Federal Reserve’s decision to cut interest rates by 50 basis points […]
September 30, 2024

Status of the US Dollar as Global Reserve Currency: Share Drops to Lowest since 1995. Central Banks Diversify to “Nontraditional” Currencies and Gold

By Wolf Richter for WOLF STREET The US dollar, still the #1 reserve currency held by […]
September 29, 2024

US to face a severe Dollar crisis, gold prices to skyrocket, warns Peter Schiff

From The Economic Times The economy of US is going strong, but has […]
September 28, 2024

Money Managers’ Bullish Bets on Gold Jump to Four-Year High

By Yvonne Yue Li – Bloomberg Money managers’ bullish wagers on gold jumped […]
September 27, 2024

Escaping the New Gilded Age

By Daron Acemoglu – Project Syndicate In an America where wealth has increasingly […]
September 27, 2024

Canada’s High-Yield Bond Market Is Suddenly the Hottest in Years

By Chunzi Xu – Bloomberg News The often-overlooked Canadian high-yield debt market is having […]
September 24, 2024

Trump water faucet comments and the Columbia River Treaty  – Richard Mills

2024.09.21 Donald Trump has once again waded into an issue he doesn’t understand […]
September 24, 2024

Cash Is Pouring Out of Money-Market Funds. What’s Hot Instead.

By Karishma Vanjani – Barrons Money-market funds, which invest in short-term, high-quality securities, such […]
September 22, 2024

The Yield Curve Before & After the Rate Cut?

By Wolf Richter for WOLF STREET Trying to explain why something is happening in the financial markets is […]
September 21, 2024

How will the 0.5% rate cut affect the markets? – Richard Mills

2024.09.20 The United States Federal Reserve surprised markets Wednesday by cutting the benchmark […]
September 21, 2024

Strangely, America’s companies will soon face higher interest rates

The Economist Between early 2022 and mid-2023 the Federal Reserve tightened monetary policy at […]
September 19, 2024

Three ways the US government could ‘kick the debt can down the road’ – Richard Mills

2024.09.14 Developed-world governments continue to spend beyond their means, borrowing and printing money […]
September 18, 2024

A decade-long commodity supercycle is just getting started – analysts

By Jordan Finneseth – Kitco News During periods of easy money, risk assets like […]
September 18, 2024

EVs could reach 24% EU car market share by 2025, T&E says

By Anna Peverieri and Alessandro Parodi – Reuters Battery-electric cars (BEVs) sold in the European Union […]
September 17, 2024

How Do Sectors Perform After the First Interest Rate Cut?

By Dorothy Neufeld – Visual Capitalist Markets We show the average performance of […]
September 17, 2024

The Start of the Rate Cut Cycle Will Lift Commodities

From Desjardins At its June 5 meeting, the Bank of Canada kicked off its […]
September 12, 2024

Beneath the Skin of CPI Inflation: “Core CPI” Again Accelerates Month-to-Month Fueled by Hot “Core Services” CPI. Durable Goods Prices Drop Further 

By Wolf Richter for WOLF STREET Second month-to-month acceleration in a row. Year-over-year, Core CPI and […]
September 10, 2024

US Yield Curve No Longer Inverted: Why This Time The Recession Scenario Might Be Different For Investors

By Piero Cingari – Benzinga The U.S. Treasury yield curve officially exited its […]
September 10, 2024

Charted: $315 Trillion in Global Debt, by Sector

By Kayla Zhu – Visual Capitalist Global debt remains a topic of concern […]
September 9, 2024

Uninverted yield curve signaling recession – Richard Mills

2024.09.05 In a typical healthy market, the yield curve (typically the spread between the US […]
September 9, 2024

The Yield Curve’s Steep Inversion, now Partial Un-inversion, the Sag in the Middle, and its Predictions of Recessions

By Wolf Richter for WOLF STREET Following the jobs report on Friday that showed job creation had […]
September 9, 2024

US Fed Rate Cut: How have markets reacted to rate cuts historically?

By Sunil Dhawan – Financial Express For the global equity market, September 18 is […]
September 7, 2024

Global Food Commodity Prices Have Returned to 2021 Levels

By Katharina Buchholz – Statista After global food prices had climbed to unprecedented […]
September 6, 2024

What is the Cost of Being Early?

From Goehring & Rozencwajg We first unveiled this chart (shown below) in our 1Q2019 letter […]
September 5, 2024

The commodity supercycle revisited – Richard Mills

2024.08.31 A “commodity supercycle” is a period of consistent price increases lasting more […]
September 4, 2024

Construction Spending Squeaks to Record amid Eyepopping Boom in Spending on Factories while Residential Construction Tries to Dig Out of Last Year’s Slump

By Wolf Richter for WOLF STREET The eyepopping boom of 230% since early 2021 was driven […]
September 3, 2024

The ‘bull is just starting’: Commodities are a better bet than bonds for the rest of the 2020s, BofA says

By Matthew Fox – Business Insider Commodities are the place to be for investors […]
September 2, 2024

A dollar on the defensive brings relief to policymakers globally

By Alun John and Karin Strohecker – Reuters The dollar fell more than 2% against other […]
August 30, 2024

The bond market is about to do something noteworthy while everyone’s distracted by Nvidia

By Jeff Cox – CNBC While traders were focusing on Nvidia’s results Thursday, something […]
August 29, 2024

Why inflation fell without a recession

From The Economist High interest rates, not the passage of time, have restored […]
August 25, 2024

Gold, Oil, and Copper Prices Are Set to Rise, This Energy Analyst Says. What’s Driving Demand Now

By Avi Salzman – Barron’s Jeff Currie has been charting the path of commodities […]
August 12, 2024

Stock buybacks – Richard Mills

2024.08.11 When Ronald Reagan became president in 1981, he appointed John Shad to […]
August 10, 2024

Gold’s Minsky Moment – Richard Mills

2024.08.10 A “Minsky Moment” refers to a point in time when a period […]
August 10, 2024

Gold supply falling short of demand – Richard Mills

2024.08.10 It’s been a volatile week in the markets. On Monday, Aug. 5, […]
August 9, 2024

The Big Mac index

From The Economist The Big Mac is much the same everywhere. But its price, interestingly, […]
August 8, 2024

The Sahm Rule, Employment, And Recession Indicators

By Lance Roberts – Ria Advice Economist Claudia Sahm developed the “Sahm Rule,” which states that the […]
August 8, 2024

The Stock Market Is in Summer Mode. Low Trading Volumes Could Lead to More Pain

By Ian Salisbury – Barron’s The Japanese yen. Earnings. Recession worries. All played a […]
August 7, 2024

The decline of the petrodollar not the greenback – Richard Mills

2024.08.03 The Bretton Woods financial system collapsed in 1971 when President Nixon severed […]
August 7, 2024

Dollar Debasement Ad Infinitum

By MN Gordon – Econimic Prisim If there’s one thing to understand about […]
August 6, 2024

Growth in Jobs Slows to 2017-2019 Pace, Unemployment Rate Rises

By Wolf Richter for WOLF STREET Payrolls at employers rose by 114,000 in July, below the […]
August 6, 2024

Why fear is sweeping markets everywhere

From The Economist How quickly the mood turns. Barely a fortnight ago stockmarkets […]
July 30, 2024

The Bear Case for the Dollar

From Crescat Capital In our view, we stand on the cusp of a […]
July 28, 2024

The Dollar’s Supercycle Is Over. Where It’s Headed.

By Marc Chandler – Barrons The dollar’s long-anticipated downturn has begun, but don’t confuse […]
July 27, 2024

Large Upward Revisions of “Core Services” PCE Inflation Pushed Six-Month “Core” PCE Inflation to 3.4%, Worst in a Year

By Wolf Richter for WOLF STREET The Bureau of Economic Analysis released today the PCE price […]
July 27, 2024

Why is US manufacturing so unproductive?

By Noah Smith – Asia Times In 2011, manufacturing productivity in the US hit […]
July 27, 2024

Ranked: The Top Performing Major Currencies (2014-2023)

By Julia Wendling – Visual Capitalist Monetary policy, geopolitical events, and economic conditions—among […]
July 22, 2024

Central Banks Purchase Gold to Offset Their Own Money Destruction

By Daniel Lacalle Why is the price of gold rising if the global […]
July 20, 2024

Video: Junior market dominated by ‘the lame, the halt and the blind,’ says Rule

From Mining.com Over two-thirds of today’s junior miners are essentially worthless, says resource […]
July 18, 2024

Magnificent 7 Stocks Lose $1.1 Trillion in Five Days, and It’s Barely a Blip. Trillions Don’t Even Matter Anymore

By Wolf Richter for WOLF STREET Nvidia, after gaining $2.1 trillion YTD through July 10, gave […]
July 16, 2024
Stock market

What the Short-Term Treasury Market Says about Rate Cuts, and How Repeatedly Wrong it Was so Far

By Wolf Richter for WOLF STREET The 6-month yield is now pricing in one rate cut […]
July 12, 2024

Gold, silver and copper had a banner first half – Richard Mills

2024.07.11 Silver is up 33% year to date (July 8), gold is up […]
July 12, 2024

Inflation Has Come Down, But High Prices Are Here to Stay

By Felix Richter – Statista While progress in the fight against inflation has […]
July 7, 2024

Commodities Halftime Report

By Frank Holmes – U.S. Global Investors Data supports the potential of commodities […]
July 6, 2024

Nothing Matters

Weekly Commentary – Credit Bubble Bulletin The grossly imbalanced U.S. economy may be […]
June 30, 2024

Charted: U.S. Wealth by Generation

By Bruno Venditti – Visual Capitalist In 2023, American Baby Boomers owned 52% […]
June 28, 2024

Commodities and Geo-Political Risks with Rozencwajg and Yra Harris

From Goehring & Rozencwajg Adam Rozencwajg and Yra Harris joined the Financial Repression […]
June 27, 2024

Who Needs the Fed?

From Mises Wire Perhaps nothing in financial news receives more attention than an […]
June 26, 2024

Inflation in Canada Throws Another Curveball: Core CPI Spikes Month-to-Month by Most since 2022

By Wolf Richter –  WOLF STREET When the Bank of Canada cut its policy rates […]
June 24, 2024

Who Holds the Recklessly Ballooning US National Debt of $34.7 Trillion?

By Wolf Richter for WOLF STREET The US national debt – now $34.7 trillion, up from […]
June 22, 2024

The Foreign Holders of the Ballooning US Debt

By Wolf Richter for WOLF STREET The question that’s on everyone’s mind is how long foreign […]
June 17, 2024

The U.S. Drops Out of Global Competitiveness Top 10

By Felix Richter – Statista Social cohesion, adaptability and agility are qualities the […]
June 16, 2024

China has become a scientific superpower

From The Economist In 2019 The Economist surveyed the research landscape in the country and asked […]
June 15, 2024

Services are big, and that one-month outlier was massive, and it drove down Core CPI and overall CPI.

By Wolf Richter –  WOLF STREET The Consumer Price Index for May, on a month-to-month […]
June 14, 2024

Ten Classic American Brands Owned by Foreign Companies

By Pallavi Rao – Visual Capitalist Popular brands have an intangible effect on […]
June 12, 2024

Charted: America’s Shift to a Cashless Society

By Marcus Lu – Visual Capitalist A cashless society is one in which […]
June 12, 2024

The Six Choke Points That Can Upend Global Trade

By Alaric Nightingale – Bloomberg Drone and missile attacks by Yemen’s Houthi militants on […]
June 7, 2024

Bank of Canada Cuts by 25 basis points, to 4.75% as Economy and Inflation Slowed. QT Continues

By Wolf Richter – Wolf Street “With continued evidence that underlying inflation is […]
June 5, 2024

Is America’s economy heading for a consumer crunch?

From The Economist Nothing has been able to stop American consumers. At first they splashed […]
June 5, 2024

Traders Gird for Weaker Canadian Dollar as First Rate Cut Eyed

By Nazmul Ahasan and Robert Fullem – Bloomberg The market is pricing in around an 80% […]
June 1, 2024

Commodities Have ‘Never, Ever’ Been More Undervalued Than Today

From Goehring & Rozencwajg  Leigh Goehring, Managing Partner at G&R and a seasoned […]
June 1, 2024

The King Crab Kings

By Andrew S. Lewis – Bloomberg Its claws were exceptionally muscular, its six […]
May 30, 2024

Traders Are Bracing for a Record-Smashing Summer That Will Shake Up Commodities

From Bloomberg Odds are growing that 2024 will become the hottest year in […]
May 27, 2024

Would Returning to the Gold Standard Resolve Our Most Pressing Monetary Problems?

By Charles Hugh Smith – of two minds Money in all its forms […]
May 27, 2024

Baby-boomers are loaded. Why are they so stingy?

From The Economist Baby-boomers were born between 1946 and 1964—and are the luckiest generation […]
May 25, 2024

Favorite Recession Indicator shows next recession keeps moving further out

By Wolf Richter for WOLF STREET This is kind of funny. Initial claims for unemployment insurance […]
May 24, 2024

US Business Activity Expands Most in Two Years, Prices Pick Up

By Vince Golle – Bloomberg The S&P Global flash May composite purchasing managers index advanced by […]
May 23, 2024

The Start of De-Dollarization: China’s Gradual Move Away from the USD

By Julia Wendling – Visual Capitalist Since 2010, the majority of China’s cross-border […]
May 18, 2024

The Push for Made-in-America Batteries Comes With Its Own Risks

By Cullen Hendrix – Barrons It is one thing to aspire to a “Made […]
May 18, 2024

6-Month Core CPI Hits 4.0%, 6-Month Core Services CPI Hits 6.0%, Both Highest since mid-2023

By Wolf Richter for WOLF STREET After months of worsening data on CPI inflation, we got […]
May 13, 2024
American-Dream

America is in the midst of an extraordinary startup boom

From The Economst Although America has a deserved reputation as a country at […]
May 10, 2024

Undeveloped Arctic Land the Size of Manhattan Lists for $323 Million

By Sarah Rappaport – Bloomberg The 14,830-acre plot lies approximately 40 miles away from […]
May 10, 2024

Insights on Investing in Gold, Silver & Bitcoin

From Goehring & Rozencwajg Where does G&R stand on Bitcoin? Does Bitcoin deserve […]
May 9, 2024

A Minsky Moment is fast approaching for gold – Richard Mills

2024.05.09 “Minsky Moment” refers to the idea that periods of bullish speculation will […]
April 30, 2024

Stagflation – Richard Mills

2024.04.27 Investors in stocks, bonds and commodities should be aware of the rate […]
April 29, 2024

Start arbitraging rate differences

By Wolf Richter –  WOLF STREET Americans hate, hate, hate inflation. But they’re liking the 5%-plus yields […]
April 28, 2024

Back Off, Stagflation. This Stock Rally Isn’t Over Yet.

By Teresa Rivas – Barron’s “Inflation metrics are the most important economic indicators right […]
April 27, 2024

U.S. Economy Slows as Inflation Heats Up in Q1 2024

By Felix Richter – Statista The U.S. economy grew slower than expected in […]
April 26, 2024

Fears about stagflation are mounting

By Elisabeth Buchwald – CNN At first glance, Thursday’s gross domestic product report showing […]
April 25, 2024

Is a Volcker-like series of rate hikes in the cards? – Richard Mills

2024.04.21 What if the worst in interest rates is yet to come?  Until […]
April 25, 2024

Don’t be gloomy about EV sales

Fen The Economist There are good reasons to expect demand to pick up. […]
April 23, 2024

US Dollar’s Extended Reign Delivers Stark Wake-Up Call for Markets

By Ruth Carson, Naomi Tajitsu, Carter Johnson and Tania Chen – Yahoo!finance The […]
April 20, 2024

Mortgage Rates Climb Past 7% for the First Time in 2024

By Felix Richter – Statista Mortgage rates in the United States climbed to […]