On Friday, esteemed economist Paul Krugman posted this tweet... This was after the government reported that both CPI and PPI came in hotter in August than expected, due to a rise in energy prices. As expected, Krugman was excoriated for the fact that people need all three of those items he wants to exclude from [...]
On Thursday, the latest CPI report indicated year over year inflation had dropped from 8.2% in September to 7.7% in October. The markets rejoiced. The thinking is that the Fed will begin to pivot away from its tightening phase by raising rates by 50 basis points in December, and then likely pause. With this in [...]
Yesterday, the Dow Industrials rose almost 1,200 points on the back of a CPI report showing that inflation had slowed to 7.7% year over year. The market is anticipating that the Federal Reserve will only hike rates by 50 basis points in December, and then that may be it for the rate hikes. Here's the [...]
Throughout this pandemic, the price action in the gold market has been quite interesting. In 2020, as the Federal Reserve turned up the money printing to full power, gold's initial reaction was to explode higher to new all time highs above $2,000 per ounce. But, the market didn't stay there for long and it quickly [...]
RFK Jr. getting censored RFK, Jr. is getting censored over expressing his concerns about Bill Gates, vaccines and Big Pharma. Yes, we're talking about Robert F. Kennedy, Jr., the son of the late and iconic Robert F. Kennedy, brother of John F. Kennedy. This is the late John F. Kennedy, Jr.'s cousin for crying out [...]