Migrant Shelter Costs In Massachusetts To Exceed $1 Billion For The Next Several Years, State Predicts
Migrant Shelter Costs In Massachusetts To Exceed $1 Billion For The Next Several Years, State Predicts By American Military News Gov. Maura Healey’s administration expects to spend more money than originally anticipated over the next fiscal year on the emergency shelter system housing migrants and local families, according to revised estimates released this month. Shelter-related […]
Four Factors Fueling Gold's Continued Rally
Gold prices have surged over 26% in the past year to reach $2,476 per ounce, driven by several key factors that are expected to continue supporting higher prices. According to Robin Tsui of State Street Global Advisors, four structural and cyclical factors will likely push gold prices even higher going forward. These include ongoing geopolitical […]
China's Gold Market: Investment Up, Jewelry Down in Second Quarter
– China experienced a significant surge in gold investment during the second quarter of 2024, with gold ETF inflows reaching a record high of 14 billion yuan ($2 billion). – Investment in gold bars and coins also increased by 62% year-on-year, marking the strongest second-quarter performance since 2013. However, gold jewelry demand hit a low […]
Fed Holds Rates Steady, Hints at Easing Monetary Policy Soon
– Federal Reserve Chair Jerome Powell signaled that interest rate cuts could begin as early as September, provided the U.S. economy continues on its expected path. – While keeping rates steady at 5.25%-5.50%, the Fed’s statement indicated a softening stance on inflation and a more balanced view of employment risks. Powell emphasized that rate cut […]
Assassination of Hamas Chief in Iran Raises Middle East War Fears
– Hamas leader Ismail Haniyeh was assassinated in Tehran, sparking fears of retaliation against Israel and escalating the conflict in Gaza into a broader Middle East war. – The attack, presumed to be carried out by Israel, occurred hours after Haniyeh attended Iran’s presidential inauguration. Israel has neither confirmed nor denied involvement. Haniyeh, who was […]
Powell Hints at September Rate Reduction if Inflation Eases
– Federal Reserve Chair Jerome Powell indicated that the central bank is likely to cut interest rates in September, provided inflation continues to show improvement. – This decision is influenced by growing concerns about potential weakening in the labor market. While Powell expressed confidence in the Fed’s readiness to reduce borrowing costs from their current […]
The Great Unwinding: Is There Any Way To Come Out Ahead?
The Great Unwinding: Is There Any Way To Come Out Ahead? Authored by Charles Hugh Smith via OfTwoMinds blog, History suggests being wary of the “strong buys” at $45 when the eventual bottom is $4. In response to my chart-fest post The Rollercoaster Ride Ahead: 15 Years of Extreme Distortions Will Be Unwound, readers asked: OK, so […]
Bank of England Cuts Rate to 5.0% In “Finely Balanced” 5-4 Vote, Offers No Signals On Next Moves
Bank of England Cuts Rate to 5.0% In “Finely Balanced” 5-4 Vote, Offers No Signals On Next Moves The global easing train is now well and truly on its way. While the Fed got close to cutting rates yesterday, but instead punted to September, moments ago it was the Bank of England that joined the […]
Riots Erupt In England After Teenage Child Of Migrants Goes On Stabbing Spree
Riots Erupt In England After Teenage Child Of Migrants Goes On Stabbing Spree Twenty years ago such an incident would be widely regarded in the UK and Europe as a terrorist attack. In the woke haze of 2024, though, the 17-year-old child of Rwandan migrants who went on a stabbing spree at a kids dance […]
Alleged Iranian Arms Deal With Armenia Sparks Controversy In The Caucasus
Alleged Iranian Arms Deal With Armenia Sparks Controversy In The Caucasus Via Eurasianet.org Iran International reported that Iran sold $500 million worth of arms to Armenia, a claim denied by both countries. The alleged arms deal has increased tensions in the Caucasus, with Azerbaijan threatening military action and Armenia asserting its right to self-defense. The […]