Gold Hovers Near $2,400 as Rate Cut Expectations Grow
Gold prices experienced a slight dip from one-month highs in Asian trading on Monday as investors await key indicators on U.S. interest rates, including Federal Reserve Chair Jerome Powell’s testimony and upcoming inflation data. Despite this minor retreat, gold remains near the $2,400 per ounce mark, buoyed by growing expectations of a Fed rate cut […]
China's Central Bank Creates New Liquidity Tools to "Help" Monetary Policy
China’s central bank has announced the introduction of temporary bond repurchase agreements and reverse repos to enhance open market operations and maintain ample banking system liquidity. This move is seen as a step towards establishing a new interest rate corridor, with the seven-day reverse repo rate as the central guide. The new tools will have […]
Newsom’s California: Delivery Drivers Now Being Accompanied By Armed Guards Due To “Crime Concerns”
Newsom’s California: Delivery Drivers Now Being Accompanied By Armed Guards Due To “Crime Concerns” Things have gotten so utopian in the state of California, delivery drivers are being accompanied by armed guards due to “crime concerns” while out making deliveries. One company, Core Mart, has started hiring the guards to escort its drivers. Which means […]
It’s All MMT: The Fraud Of ‘Monetary Policy’
It’s All MMT: The Fraud Of ‘Monetary Policy’ Authored by Joshua Mawhorter via The Mises Institute, Modern monetary theory (MMT) is not convincing to most trained economists of various schools of thought. This causes many to balk at MMT and mock it, some of which is warranted as a reductio ad absurdum, especially given some of MMT’s more outlandish […]
Revolt Strengthens: In Private Meeting, Senior House Dems Say Biden Must Quit
Revolt Strengthens: In Private Meeting, Senior House Dems Say Biden Must Quit The sand castle that is Joe Biden’s re-election campaign was eroded by another wave on Sunday, as senior House Democrats told Speaker Hakeem Jeffries they’ve concluded Biden should call it quits. The tide will only rise this week, as Congress reconvenes on Monday, with […]
Futures Rise To Fresh All Time High As Tech-Led Meltup Just Won’t End
Futures Rise To Fresh All Time High As Tech-Led Meltup Just Won’t End Futures are mixed with small-caps leading as calm returned to markets after traders focused on the positive implications from a French election where the far-left ended up winning and contemplated unleashing a flood of spending. European stocks rose and the euro pared […]
Philly Radio Station Cuts Ties With Host Who Admitted Being Fed Questions By Biden Admin
Philly Radio Station Cuts Ties With Host Who Admitted Being Fed Questions By Biden Admin Update (0815ET): It appears telling the truth about Democratic Party shenanigans remains verboten in America’s media still. Philly radio station WURD announced Sunday they would be cutting ties with host Andrea Lawful-Sanders after she revealed she asked President Biden interview […]
Cat. 1 Hurricane Beryl Makes Landfall In Texas
Cat. 1 Hurricane Beryl Makes Landfall In Texas Hurricane Beryl, the first Atlantic hurricane of the year to strike the US, made landfall in eastern Texas as a Category 1 storm in the early morning hours on Monday. After causing billions of dollars of damage across the Caribbean and Mexico’s Yucatán Peninsula last week, Beryl has finally […]
Tesla’s Furious Rally Is Another Massive Short Squeeze
Tesla’s Furious Rally Is Another Massive Short Squeeze One month ago, when momentum-chasing market pundits and other fair-weather experts were quick to throw Tesla out of the Mag7 and forecast that the stock would keep on sinking indefinitely even as the AI bubble took the Big 5 – MSFT, NVDA, AAPL, GOOGL and META – […]
UK’s New Leftist PM Kills Illegal Immigrant Deportation Scheme On Day One
UK’s New Leftist PM Kills Illegal Immigrant Deportation Scheme On Day One Authored by Steve Watson via Modernity.news, The new leftist British Prime Minister Sir Kier Starmer has on day one of his premiership scrapped a scheme to deport illegal immigrants to Rwanda which was devised by the previous Conservative government but never properly implemented. […]