Here’s Our Big Problem: The Ratchet Only Moves Us Closer To The Cliff
Here’s Our Big Problem: The Ratchet Only Moves Us Closer To The Cliff Authored by Charles Hugh Smith via OfTwoMinds blog, Imagine an institution whose ratchet was set to relentlessly reduce budget, staffing and processes while focusing on increasing output / results. It’s tempting to personalize our problems, as those in power tend to possess […]
Biden Camp Thinks Obama Working ‘Behind The Scenes’ Orchestrating Calls To Drop Out
Biden Camp Thinks Obama Working ‘Behind The Scenes’ Orchestrating Calls To Drop Out The Biden campaign thinks former President Barack Obama is working behind the scenes to orchestrate calls for President Biden to quit the 2024 race, The Hill reports. “One thing that we do have to underline here — just so viewers can follow […]
Surprise CPI Drop Propels Gold Prices Towards All-Time Highs
Gold futures experienced a significant surge on Thursday, approaching record highs following the release of U.S. inflation data showing a cooling trend. The Consumer Price Index (CPI) reported a 0.1% decrease in June, the first decline since May 2020, which investors interpreted as potential justification for the Federal Reserve to implement interest rate cuts. This […]
Scaramucci Gates 70% Of Investors In His SkyBridge Crypto Fund
Scaramucci Gates 70% Of Investors In His SkyBridge Crypto Fund Despite solid performance in recent months by SkyBridge Capital’s crypto-focused hedge fund, investors in Anthony Scaramucci’s investing vehicle are rushing to cash out: investors who own about 70% of the fund’s shares have asked for their money back in the latest redemption period that ended […]
Gold Shines in Short-Term as Copper Holds Mid-Term Appeal, Deutsche Bank Survey Finds
Deutsche Bank’s latest Global Mining & Commodities Survey reveals a shift in investor preferences, with gold emerging as the favored commodity in the short term, while copper maintains its appeal for the medium term. This change is driven by concerns over China’s economic slowdown and potential delays in the energy transition. The survey indicates a […]
Okay, So Who Had “Bubonic Plague” On Their 2024 Disaster Bingo Card?
Okay, So Who Had “Bubonic Plague” On Their 2024 Disaster Bingo Card? Authored by Michael Snyder via TheMostImportantNews.com, This has been quite a decade for global pestilences. The first one to hit was COVID, and that created a wave of panic that literally paralyzed the entire globe. The next one to hit was the bird […]
Gold Nears Record Close as Global Uncertainties Fuel Rally
Gold prices are surging, approaching all-time record highs despite initial concerns over China’s reserve holdings. The precious metal has gained $51, reaching $2422, driven by a combination of factors including potential rate cuts, economic growth concerns, large deficits, political instability, and geopolitical tensions. This rally demonstrates gold’s enduring appeal as a safe-haven asset in times […]
Costco Is Raising Membership Fees On 52 Million Members, Wall Street Views As ‘Positive Catalyst’
Costco Is Raising Membership Fees On 52 Million Members, Wall Street Views As ‘Positive Catalyst’ Shares of Costco Wholesale Corp. are higher in premarket trading in New York after the warehouse-club chain announced annual price hikes across its members for the first time in years. Starting September 1, Costco Gold Star, Business, and Business add-on members across North […]
Is Biden Bluffing Or Do Democrats Have a Defendable Strategy?
Is Biden Bluffing Or Do Democrats Have a Defendable Strategy? Authored by Mike Shedlock via MishTalk.com, From many corners, there’s intense pressure on Biden to stand down. Nate Silver suggests Biden is bluffing, perhaps in a MAD way. I disagree. George Clooney Implores Biden to Step Aside In a New York Times Op-Ed, George Clooney […]
Gruesome, Tailing 30Y Auction Sees Plunge In Bid-to-Cover, Foreign Demand
Gruesome, Tailing 30Y Auction Sees Plunge In Bid-to-Cover, Foreign Demand After two superb coupon auctions, where both the 3Y and 10Y sales earlier this week showing remarkable buyside demand, we were wondering if today’s 30Y auction would be just as strong. And then we read bloomberg’s always wrong preview which said that the auction was […]