Eat More Pork Chops – A “Really Tasty Alternative” To Beeflation
Eat More Pork Chops – A “Really Tasty Alternative” To Beeflation Cash-strapped consumers are on the hunt for deals this summer. We highlighted in a note earlier Friday that Goldman analysts revealed that Walmart offers the best grocery deals among major brick-and-mortar supermarkets. Digging deeper, the discussion has now shifted to the meat aisle. Consumers are well […]
76 Percent Of Those Under Age 40 Would Consider A China-Model Car
76 Percent Of Those Under Age 40 Would Consider A China-Model Car Authored by Mike Shedlock via mishtalk.com, Would You Buy a China-Made Car? The Wall Street Journal reports 2024 Polestar 2: Built to Compete With Tesla Our guest this week is the facelifted Polestar 2, a chic if somewhat cramped premium compact crossover built […]
Navigating Uncertainty: The Case for Gold and Bitcoin
Investing in anti-fragile assets like gold and Bitcoin is becoming increasingly attractive as we face an era of rising inflation, economic volatility, and geopolitical unrest. Despite political uncertainties and potential tax increases in the UK, particularly affecting pensions and capital gains, gold and Bitcoin offer resilience. Experts from Ruffer and ByteTree highlight that after decades […]
Treasury Yields Drop as Inflation Data Bolsters Rate Cut Hopes
U.S. Treasury yields fell on Friday, reflecting easing inflation indicated by recent data. The 10-year Treasury yield dropped to around 4.225%, while the 2-year yield was slightly higher at 4.694%. This decline follows lower-than-expected producer price index (PPI) data, which showed a 0.2% decrease in May, and other indicators like high jobless claims and flat […]
Grant: Rates Are Going Much Higher. Is He Right?
Grant: Rates Are Going Much Higher. Is He Right? Authored by Lance Roberts via RealInvestmentAdvice.com, Recently, James Grant, editor of the Interest Rate Observer, was asked about his outlook for interest rates. He sees interest rates moving in a cyclical pattern, potentially rising for another multi-decade period. Grant bases his view on historical observations rather than a […]
Fed's Mester Awaits Further Inflation Drops Before Lowering Rates
Federal Reserve Bank of Cleveland President Loretta Mester finds the recent softer inflation data encouraging but wants to see a few more months of similar data before considering interest rate cuts. Mester emphasizes the need to observe declining inflation and short-run inflation expectations alongside labor market conditions before deciding on rate reductions. The Fed has […]
Thailand Pension Fund Bets on Gold and Commodities to Offset Weak Stocks
Thailand’s Government Pension Fund (GPF) anticipates gains from gold, commodities, and private equity to offset weak domestic stocks, expecting a portfolio return of over 3% in 2024, up from 1.5% in 2023. The fund has increased its holdings in these assets to hedge against inflation and geopolitical instability, while also expanding investments in overseas bonds, […]
Counterfeit Titanium Found In Some Boeing And Airbus Jets
Counterfeit Titanium Found In Some Boeing And Airbus Jets Boeing is no longer the pride of American aviation. The plane manufacturer is riddled with so many problems it’s impossible to keep track. Yesterday, the FAA announced an investigation (yet another…) into a 737 Max 8 jet that encountered a dangerous mid-flight ‘Dutch roll’ several weeks ago. Now, a report […]
Gold Prices Stable Amid High Rates and Dollar Resurgence
Gold prices remained stable in Asian trade on Friday, as a stronger dollar, driven by the prospect of fewer U.S. interest rate cuts, countered optimism from easing inflation. Spot gold and gold futures each saw a slight rise of 0.1%, but the yellow metal is still recovering from recent declines due to high interest rates. […]
China Seeks to Avoid Trade War in Response to EU Car Tariffs
China is expected to respond cautiously to the EU’s new tariffs on Chinese electric cars, wary of provoking a trade war. The EU’s move to impose tariffs of up to 48% on Chinese vehicles aligns with similar actions by the US and other countries. Beijing aims to avoid aggressive retaliation that could unify Western nations […]