October 28, 2024

Visualizing the Cost of the American Dream in 2024

By Dorothy Neufeld – Visual Capitalist Today, the rising cost of living is […]
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 […]
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 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 […]
April 30, 2024

Stagflation – Richard Mills

2024.04.27 Investors in stocks, bonds and commodities should be aware of the rate […]
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 19, 2024

Stubborn Inflation Fuels Fears of ‘No Landing’ Scenario

By Felix Richter – Statista After there’s been a lot of talk about a […]
March 17, 2024

Short-Term Treasury Market Walks Away from Rate-Cut Mania, Inflation Has Upper Hand

By Wolf Richter –  WOLF STREET From mid-October through the end of January, the 6-month […]
March 16, 2024

What the PPI is Telling us: Disinflation in “Core Goods,” a Hefty Counterweight to Hot Services Inflation, May be Over

By Wolf Richter – World Street The Producer Price Index (PPI) for final […]
March 13, 2024

Inflation Progress Stalls as Housing Costs Continue to Rise

By Felix Richter – Statista Inflation in the U.S. edged up slightly in February, […]
March 5, 2024

Mapped: Inflation Projections by Country, in 2024

By Dorothy Neufeld – Visual Capitalist Global economic prospects hang on a delicate […]
March 3, 2024

Inflation Saga Far from Over: Services Inflation in Euro Area Just as Stubborn as in the US, Makes Very Disconcerting Moves

By Wolf Richter – Wolf Street In the 20 countries that use the […]
March 1, 2024

Real Wages Turn Negative Again as Price Inflation Refuses To Go Away

By Ryan McMaken – Mises Institute According to the Bureau of Labor Statistics’ […]
February 14, 2024

Here’s the inflation breakdown for January 2024 – in one chart

By Greg Iacurci – CNBC Inflation declined in January and consumers’ buying power […]
January 12, 2024

Beneath the Skin of CPI Inflation, December: Not in the Mood to Just Go Away

By Wolf Richter – Wolf Street Inflation in core services remains hot, and […]
December 4, 2023

Will High Interest Rates Trigger a Debt Disaster?

By James K. Galbraith – Project Syndicate Once again, larger deficits and higher […]
November 29, 2023

Hard landings Recession predictions wrong – Richard Mills

2023.11.29 For over a year now the main topic of discussion has been […]
November 19, 2023

October CPI Cools; Does This Really Mean the Fed Won the War?

By Michael Maharrey For the first time in several months, the Consumer Price […]
November 15, 2023

Inflation Cools as Consumer Prices Stagnate in October

By Felix Richter Inflation in the U.S. cooled down more than expected in […]
November 2, 2023

The Specter of Hyperinflation Looms over the Economy

By Michael Matulef The threat of hyperinflation has haunted fiat money economies throughout […]
October 10, 2023

IMF: Inflation to Remain Elevated Until 2025

By Felix Richter Despite inflation coming down notably from its 2022 highs in recent […]
August 30, 2023

America’s debt problem is only getting bigger- Richard Mills

2023.08.30 The US officially has a debt problem, in the present and in […]
August 30, 2023

美国的债务问题只会变得更加严重

2023.08.30 美国目前以及未来都正式存在债务问题。截止到目前,美国的国债总额略低于 33 万亿美元,占国内生产总值(GDP)的 122%!然而,更大的问题在于其增长速度,导致利息支付不断膨胀。 根据国会预算办公室(CBO)的预测,未来 30 年的利息支付将达到约 71 万亿美元,并在 2053 年占据所有联邦收入的 35%。 […]
May 18, 2023

Charting the Rise of America’s Debt Ceiling

By Dorothy Neufeld Every few years the debt ceiling standoff puts the credit […]
May 8, 2023

The Fed Is Moving Historically Fast to Tame Inflation

By Felix Richter Coming off historically low interest rates in the wake of […]
April 30, 2023

U.S. Economy: Cloudy With a Chance of Stagflation

By Felix Richter Having proven surprisingly resilient in the face of the Fed’s aggressive […]
April 3, 2023

Deflating the credit bubble

By Alasdair Macleod How likely is it that the downturn in broad money […]
March 31, 2023

The Coming Doom Loop

By Nouriel Roubini In the face of high and persistent inflation, recession risks, […]
March 8, 2023

The link between commodities and inflation – Richard Mills

2023.03.08 Has anybody noticed there is something strange going on in commodities? Whether […]
February 24, 2023

The worsening plight of the global consumer – Richard Mills

2023.02.23 Consumer spending makes up 70% of global GDP. It’s no wonder, therefore, […]
February 21, 2023

Peter Schiff: The Fed Brought a Knife to an Inflation Gun Fight

By SchiffGold Despite the hotter-than-expected CPI report, the mainstream still seems convinced that the […]
February 16, 2023

Which Countries Have the Lowest Inflation?

By Dorothy Neufeld Investors are bracing for longer inflation. The Federal Reserve indicated […]
February 11, 2023

Rates Could Go To 6% And Stay There For “Years”

By Quoth the Raven 2023.03.11 It would be a situation where we are […]
February 1, 2023

Bank of Canada: “We’re Pausing to Assess Whether We’ve Done Enough,” Hikes by 1/4% to 4.5%, QT Continues

By Wolf Richter 2023.02.01 The Bank of Canada hiked its policy rates by […]
February 1, 2023

We’re On Thin Ice Into Today’s Fed Decision

By Quoth the Raven 2023.02.01 It’s not the time to celebrate the S&P’s […]
January 31, 2023

Peter Schiff: The Federal Reserve Is Nowhere Near Victory

 BY SCHIFFGOLD 2023.01.31 The mainstream is optimistic about both the economy and the Fed’s […]
January 27, 2023

How Not to Fight Inflation

By Joseph E. Stiglitz 2023.01.27 NEW YORK – Despite favorable indices, it is […]
January 26, 2023

A “Debt Doom Loop” Is Now Fully Engaged

By Quoth the Raven 2023.01.26 Friend of Fringe Finance Lawrence Lepard released his most recent […]
January 22, 2023

The 13 Food Shortages To Expect In 2023

By Brian Boone 2023.01.22 So far, in the 2020s, farmers, food processors, suppliers, […]
January 14, 2023

Fed 101 Cure inflation by destroying demand – Richard Mills

2023.01.14 US inflation cooled in December, putting the US Federal Reserve on track […]
December 31, 2022

The 50th anniversary of Nixon’s colossal error Repost – Richard Mills

It seems fitting that the year we are expecting to see an unprecedented rise in US government spending and money-printing to spur an economic recovery, marks the 50th anniversary of the end of the gold standard.

Done at the time to fight an economic crisis, we are still feeling the effects of this disastrous decision, five decades on.

In this article, we explain why President Nixon did what he did, and why every promise that unshackling the US government from the requirement of maintaining the dollar's value in terms of gold would mean for the United States, has been broken.
December 8, 2022

Inflation is the fourth horseman – Richard Mills

2022.12.08 Over the past year, relentlessly rising interest rates (because of the global […]
December 7, 2022

Why real assets are better at protecting wealth than financial assets – Richard Mills

2022.12.07 The economist who predicted the financial crisis sees a “long and ugly” […]
December 4, 2022

The mother of all economic crises – Richard Mills

2022.12.04 Economist Nouriel Roubini believes the world economy is lurching toward an unprecedented […]
December 1, 2022

Why the Fed is wrong about inflation coming down – Richard Mills

2022.12.01 The US Federal Reserve continues to grapple with inflation, which at 7.7% […]
November 11, 2022

Precious metals bounce is a taste of what’s to come – Richard Mills

2022.11.11 Gold and silver prices jumped on Thursday following the release of October’s […]
November 5, 2022

Skewed priorities: As people go hungry and freeze, spending by governments on military and debt interest soars – Richard Mills

2022.11.15 In 2021 the world’s militaries spent USD$2.1 trillion, marking the seventh straight […]
November 3, 2022

A stagflationary debt crisis looms – Richard Mills

2022.11.03 The US Federal Reserve is grappling with how to reduce inflation, which […]
September 17, 2022

How much longer can the dollar trade last? – Richard Mills

2022.09.17 This year has seen a correction in the gold price, commensurate with […]
September 14, 2022

Flying into a coffin corner – Richard Mills

By Richard Mills
September 6, 2022

The connection between high energy and food prices

2022.09.06 At the start of August, British homeowners saw an 80% increase in […]
August 19, 2022

Building more mines? the devil is in the details

2022.08.19 Years of neglecting its critical metal supplies is finally catching up with […]
August 16, 2022

The Great Stagflation 2.0 and gold

2022.08.16 In 1979, then US Federal Reserve Chair Paul Volcker faced a serious […]
August 6, 2022

2% inflation target blinding the Fed to economic reality

2022.08.05 The US Federal Reserve started off declaring that historically high levels of […]
June 17, 2022

Falling Dow to gold ratio

2022.06.17 We call ourselves Ahead of the Herd because we see things before […]
April 29, 2022

MMT, emerging markets and the scramble for resources

2022.04.29 In our last article, we discussed a proposed new economic model for […]
April 27, 2022

China will be poster child for developing countries MMT

2022.04.27 Modern Monetary Theory, or MMT, posits that rather than obsessing about how […]
March 19, 2022

Inequality, inflation and gold

2022.03.19 Food inflation has historically been the catalyst for many popular uprisings, from […]
February 18, 2022

Why inflation is ‘baked in the cake’ and gold is moving up

2022.02.18 Driven by the need to decarbonize due to increasingly apparent climate change, […]
February 8, 2022

1979 vs 2022: Why interest rate hikes are different

2022.02.08 Someone born in 1979 is 43 years old this year. No doubt […]
January 21, 2022

Wage slaves vs gold owners, revisited

2022.01.21 Inflation is the rate at which prices within a basket of goods […]
January 15, 2022

When the Fed is between a rock and a hard place, got gold?

2022.01.05 Inflation is one of the best determinants of gold price movements, because […]
December 21, 2021

Gold to oil ratio: Gold heading higher on rising energy prices

2021.12.21 The gold to oil ratio is an important indicator of the global […]
December 18, 2021

How the Fed mishandled 40-year-high inflation

2021.12.18 Several months after the US Federal Reserve began describing the country’s inflation […]
December 17, 2021

Why 1% interest rate hikes won’t fix + 6% inflation

2021.12.17 The US Federal Reserve announced this week what many market participants were […]
December 16, 2021

News flash: QE didn’t cause inflation and the Fed taper won’t quell rising prices

2021.12.16 A government generally has two “levers” it can pull, to help get […]
November 10, 2021

Gold’s run shows interest rate hikes not coming soon

2021.11.10 Gold continued to rally on Tuesday, as investors and metal traders priced […]
November 5, 2021

The Fed has lost control of inflation

2021.11.05 The US Federal Reserve has done what market participants widely expected it […]
October 26, 2021

Case for ‘sticky’ inflation strengthens, as energy crisis intensifies

2021.10.26 The US Federal Reserve’s official line is that inflation is only temporary, […]
October 23, 2021

Food prices & farm inputs getting hard to stomach

2021.10.23 Thanksgiving is a time to appreciate the food on our tables, but […]
September 10, 2021

Economists warn of coming stagflation

2021.09.10 There is an old joke often told about economists: Three economists are […]
August 20, 2021

Gold and the ‘taper tantrum’

2021.08.20 Gold prices are slipping as talk of a “taper tantrum” has investors […]
August 6, 2021

Why the Fed is wrong about inflation being ‘transitory’

2021.08.06 If rising food prices are ruining your appetite, you’re not alone. Costs […]
May 17, 2021

Gold historically follows inflation higher. Will it do so again?

According to the World Gold Council, gold is the third most consistently bought investment (46%), behind savings accounts (78%) and life insurance (56%).

According to the World Gold Council, gold is the third most consistently bought investment (46%), behind savings accounts (78%) and life insurance (56%).

Precious metals are among the best places to park your money in times of economic or political distress.
May 14, 2021

Rising food prices threaten world’s most vulnerable

Continuing the US (and Canadian) economic recovery is obviously important but it should not come on the backs of the poor who bear the most weight of inflation, particularly increases in food prices.

Government officials need to be aware of how their monetary and fiscal policies are impacting the most vulnerable in society.
May 5, 2021

Dr. Copper’s inflation diagnosis shows the patient is already sick

Copper’s broad use in various industrial sectors including construction, transportation and telecommunications, makes it a reliable early indicator of economic activity.

In fact, “Dr. Copper’s” ability to predict which way the global economy will go, has earned it a PhD in economics.
May 3, 2021

Gold to benefit from mounting US debt pile

Climbing yields, as investors rotate funds out of bonds into stocks, on increasing confidence in the economy, is the primary reason why the prices of precious metals gold and silver have pulled back in recent weeks. For now.
April 29, 2021

Gold, silver, inflation and Quantifornication ‘out the wazoo’

While precious metals have somewhat been subdued over recent weeks, there’s a storm brewing that could set gold, and by extension silver, on an upward trajectory once again.
April 27, 2021

The case for green economy metals and the companies exploring for them

The United States is back in the fold of countries pledging to reduce greenhouse gas emissions, and that is helping to drive demand for an assemblage of metals that a global push to decarbonize and electrify is expected to require.
April 23, 2021

Exploits gearing up to drill 5 targets in Newfoundland

As the dominant landholder in Central Newfoundland exploring over 200 km of deep regional fault structures known to host significant gold discoveries, Exploits Discovery Corp. (CSE: NFLD, OTCQB:RNRRF, FSE:634-FF) continues to generate buzz in what is one of the world’s most exciting gold area plays.
April 21, 2021

Gold’s perfect storm

There’s an old saying on Wall Street: “Six percent interest will draw money from the moon.” And it’s true, but what is also true is, 1/ As long as real interest rates are below 2% gold is in a bull market and 2/ Real interest rates below 2% draw investors to gold.

Central banks know this, so do educated gold buyers.

With Treasury notes paying such low net yields, gold becomes an attractive investment.
April 14, 2021

Inflation, real interest rates revisited

Gold prices ticked higher on Tuesday after inflation data showed US consumer prices rose in March for the fourth straight month and inflation hit its highest level in 2.5 years.

The US Federal Reserve, whose dual mandate is to keep inflation in the “Goldilocks zone” of around 2% and to control unemployment, has been downplaying inflation, telling the public that even if prices rise, it will only be temporary.
April 6, 2021

Under the Spotlight – Exploits Discovery Corp.

Exploits Discovery Corp. is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in Newfoundland, Canada. The Company holds the Middle Ridge, True Grit, Great Bend, Mt. Peyton, Jonathans Pond, and Gazeebow projects, which cumulatively cover an area over 2,000 km². All projects within Exploits’ portfolio lie within the Exploits Subzone and Gander River Ultramafic Belt (GRUB) of the Dunnage Zone, which contain the majority of Newfoundland’s gold mineral occurrences and exploration efforts, including New Found Gold’s 2019 discovery of 92.86 g/t Au over 19.0 meters near surface. The Exploits Subzone has been the focus of major staking and financing throughout 2020, with increased exploration activities forecasted in the area moving into 2021.
March 25, 2021

Wage slaves vs gold owners

According to Pew Research the real average wage, which Pew defines as “the wage after accounting for inflation” has roughly the same purchasing power as it did 43 years ago.

In real terms average hourly earnings peaked more than 45 years ago: The $4.03-an-hour rate recorded in January 1973 had the same purchasing power that $23.68 would today
March 23, 2021

Competition for energy and battery metals intensifying

Goldman Sachs says that the next structural bull market for commodities will be driven by spending on green energy.

The fossil-fueled based transportation system needs to be electrified, and the switch must be made from oil, gas, and coal-powered power plants to those which run on solar, wind and thorium-produced nuclear energy. If we have any hope of cleaning up the planet, before the point of no return, a massive decarbonization needs to take place.

In a recent report, commodities consultancy Wood Mackenzie said an investment of over $1 trillion will be required in key energy transition metals over the next 15 years, just to meet the growing needs of decarbonization.
March 10, 2021

Global growth spurt, pent-up demand support higher inflation

The sell-off in bonds that has been tripping up gold prices may be over, with some investors anticipating the bond market will calm down, as appetite for US government debt revives following the sharp rise in yields.

“We think a big part of the bond-yield move has played out,” Wall Street Journal quoted a portfolio manager at PineBridge Investments. “At this level of yields, we do expect additional buyers to come in. That tends to stabilize the yield level.”

Gold bugs are closely watching what happens with Treasuries
March 5, 2021

Real interest rates and gold

Several factors influence gold prices (mainly the US dollar, gold ETF inflows/ outflows, inflation rate, bond yields, safe haven demand, physical gold demand, gold supply) but none is more reliable than real interest rates.

The demand for gold moves inversely to interest rates — the higher the rate of interest, the lower the demand for gold, the lower the rate of interest the higher the demand for gold.
February 25, 2021

Why now might be a good time to buy gold and gold juniors

2021.02.25 Gold has been taking a beating in recent weeks, the sell-off prompted […]
February 23, 2021

Commodities and soon Juniors in vogue

2021.02.23 Gold and copper are up, the dollar is down, and bond yields […]
November 14, 2020
trading

Free-spending Biden and/or continued Fed stimulus will hike gold prices

2020-11-14 Gold may have come off the boil a bit after rising beyond […]
October 24, 2020
Stock market

Why a Biden win will keep metals prices rocking

2020.10.24 Joe Biden’s performance in Thursday night’s presidential debate was solid. The former […]
June 18, 2020

Trillion-dollar US infrastructure plan will draw in plenty of metal

2020.06.18 Donald Trump appears to have torn a page from Ahead of the […]
March 14, 2020

Economic stimulus can’t save US from deflation and recession

2020.03.14 One of the worst weeks on Wall Street mercifully ended on Friday. […]
February 26, 2020

Trump or Sanders? Both will pile up the debt

2020.02.26 Whether it’s a Democrat or a Republican installed in the White House […]
September 4, 2019

Five Feet High And Rising

2019.09.04 How high’s the water, mama? Five feet high and risin’ How high’s the […]
July 6, 2019

Quantifornication round 4 on its way

2019.07.06 Californication is a brilliant 1999 song by the Red Hot Chili Peppers. Many of […]
July 6, 2019

Quantifornication round 4 on its way

2019.07.06 Californication is a brilliant 1999 song by the Red Hot Chili Peppers. Many of […]
June 25, 2019

Bonds and equities versus gold

2019.06.25 North American stock markets continued to rise on Friday, as more investors […]
June 20, 2019

Why are central banks buying gold and dumping dollars?

2019.06.20 The US Federal Reserve, the country’s central bank, did what many expected […]
April 10, 2019

MMT is a spectacularly Dem idea

2019.04.10 Economists are good for one thing, and that is creating theories. The […]