Fed's Kashkari Opens Door to September Rate Cut Debate
Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, has indicated a shift in his stance on interest rates, suggesting that a rate cut in September is now a topic worthy of discussion. This change is primarily driven by concerns about a potentially weakening labor market, despite progress in controlling inflation. Kashkari emphasized that […]
Gold Milestone: Standard Gold Bar Hits $1 Million Mark
Gold prices have reached a historic milestone, with a standard 400-ounce gold bar now valued at over $1 million for the first time. This achievement occurred as the spot price of gold surpassed $2,500 per troy ounce, setting a new record high. While the exact value of gold bars can vary slightly based on their […]
Gold's Record-Breaking Rally and Its Potential Future
Gold prices have reached record highs, surpassing $2,560 an ounce, with a 20% increase this year. This rally is driven by expectations of Federal Reserve interest rate cuts, geopolitical uncertainties, and emerging markets diversifying their reserves away from the US dollar. Gold mining stocks have also benefited, with the VanEck Gold Miners ETF up nearly […]
Is The Equity Market Decline Over?
Is The Equity Market Decline Over? Authored by Lance Roberts via RealInvestmentAdvioce.com, The market’s 8.5% decline during August sent shockwaves through the media and investors. The drop raised concerns about whether this was the start of a larger correction or a temporary pullback. However, a powerful reversal, driven by investor buying and corporate share repurchases, […]
BurgerFi Might Go Bankrupt
BurgerFi Might Go Bankrupt BurgerFi’s financial situation is only getting worse. It expects to report net losses of $18.4 million for the quarter ending July 1 compared to a $6 million loss during the same period in 2023. The increase was driven primarily due to lower operating income, higher general and administrative expenses and larger […]
We Cannot Have Monetary Policy Based On Luck
We Cannot Have Monetary Policy Based On Luck By Tor Vollalokken. The blog appeared earlier this month as an op-ed in Dagens Næringsliv. Tor Vollalokken enjoyed more than fifteen years as an Investment Banker and thirty years as an independent analyst and advisor to sovereigns, hedge funds, fund managers, family offices, and energy companies worldwide, […]
Why Might Ukraine Want Russia To Use Nuclear Weapons?
Why Might Ukraine Want Russia To Use Nuclear Weapons? Authored by Andrew Korybko via substack, Belarusian President Alexander Lukashenko warned on Sunday in an interview with leading Russian media that: “Such escalation on the part of Ukraine (by invading Kursk) is an attempt to push Russia to asymmetric actions. Well, let’s say to use nuclear weapons. I know for […]
Time For NeverTrump Republicans To Put On Their Big Boy Pants & Think Of Their Country
Time For NeverTrump Republicans To Put On Their Big Boy Pants & Think Of Their Country Authored by Brian C. Joondeph via American Thinker, My flak jacket is on as I write this since I am sure to offend or piss off some friends, family, and colleagues who are ostensibly Republicans or conservatives but have […]
IRS Launches Initiative To Combat Growing Number Of Tax Scams
IRS Launches Initiative To Combat Growing Number Of Tax Scams Authored by Naveen Athrappully via The Epoch Times (emphasis ours), The Internal Revenue Service (IRS) announced a new coalition with members of the tax industry on Friday seeking to counter the growth of scams threatening tax systems and taxpayers. The new “Coalition Against Scam and […]
Harley-Davidson Hits Brakes On Woke Activism Amid Boycotts & Bud Light Treatment At Sturgis
Harley-Davidson Hits Brakes On Woke Activism Amid Boycotts & Bud Light Treatment At Sturgis Commentator and filmmaker Robby Starbuck’s strategy to expose all the insane woke activism within mega-corporations with large conservative customer bases logged another win today. This comes on the heels of his successful campaign to pressure Tractor Supply into scrapping its diversity, equity, and inclusion […]