Chinese Consumers Cool on Gold — Central Bank Demand Remains Strong
China, traditionally a major consumer of gold, is showing signs of weakening demand for gold jewelry, as evidenced by recent data and industry reports. This trend is attributed to rising gold prices and consumer resistance to higher costs. Despite this decline in consumer demand, central bank purchases of gold remain strong, contributing significantly to gold’s […]
Gold Climbs on Anticipation of Fed Rate Cuts and Middle East Unrest
Gold prices edged higher on Monday due to increased geopolitical tensions in the Middle East and expectations of a U.S. interest rate cut in September. Spot gold rose by 0.3% to $2,391.80 per ounce, driven by anticipation of the Federal Reserve’s policy meeting this week. Analysts suggest that a dovish stance from the Fed and […]
Oil Prices Stagnate as Demand Worries Mount
Oil prices are hovering near six-week lows as concerns about global demand outweigh positive economic data from China and renewed tensions in the Middle East. Despite China’s industrial profits showing growth and potential supply risks due to conflicts in Israel, the overall sentiment in the oil market remains subdued. This is largely due to China’s […]
Banks Offload Bonds at a Loss, Betting on Future Fed Rate Reductions
U.S. regional banks are increasingly selling underwater bonds at a loss to prepare for anticipated interest rate cuts by the Federal Reserve. Unlike the panic induced by Silicon Valley Bank’s similar actions last year, these banks are reinvesting the proceeds into higher-yielding securities to benefit from future lower rates. This strategic move, undertaken by banks […]
The Share Of Young Adults Living With Parents Is The Highest Since 1940
The Share Of Young Adults Living With Parents Is The Highest Since 1940 Authored by Mike Shedlock via MishTalk.com, Due to waning housing affordability, a growing number of Americans continue to live with their parents into adulthood. Living With Parents Chris Salviati at Apartment List notes More young adults now live with their parents than at […]
Olympic Event In Seine River Cancelled Due To Poor Water-Quality, Days After Mayor Swam To Prove Its Cleanliness
Olympic Event In Seine River Cancelled Due To Poor Water-Quality, Days After Mayor Swam To Prove Its Cleanliness It was just days ago we wrote that Paris’ mayor was going swimming in the Seine to dispel rumors that the water was too dirty for athletes to use. How quickly the (sh*t filled) tide has turned. […]
The New Russian-Iranian Gas Pipeline Memorandum Might Be More About Optics Than Substance
The New Russian-Iranian Gas Pipeline Memorandum Might Be More About Optics Than Substance Authored by Andrew Korybko via substack, A top Russian expert candidly analyzed their country’s newly signed gas pipeline Memorandum of Understanding (MoU) with Iran from late June in two interviews with Sputnik and Azerbaijan’s News.Az. Igor Yushkov, who’s described by the prestigious Russian International Affairs Council as a Professor […]
Fear Is The Mind-Killer: America’s Dangerous Obsession With ‘Safety’
Fear Is The Mind-Killer: America’s Dangerous Obsession With ‘Safety’ Authored by Artis Shepherd via The Mises Institute, In modern America, an obsessive fixation on “safety” has given rise to a culture of fear, paralyzing action and warping decision-making across all levels of society. The conditioning begins early, with children trained to be fearful rather than […]
How Capitalism Defeats Racism
How Capitalism Defeats Racism Authored by Wanjiru Njoya via The Mises Institute, In her essay “Racism,” Ayn Rand argues that racism – which she describes as “the lowest, most crudely primitive form of collectivism” – is incompatible with capitalism and can only be defeated through capitalism. She defines capitalism as “a social system based on […]
Pandemic 2.0: FDA To Grant Emergency Use Authorization (EUA) For mRNA Bird-Flu Shots (Just Like What Happened With COVID)
Pandemic 2.0: FDA To Grant Emergency Use Authorization (EUA) For mRNA Bird-Flu Shots (Just Like What Happened With COVID) Authored by Ethan Huff via NaturalNews.com, The medical establishment is teeing up for the launch of another “pandemic,” this one centering around H5N8 Influenza, also known as avian influenza or bird flu. The American Medical Association (AMA) made […]