Sticker Shock: Buying a Car in the US is More Expensive Than Ever
Despite improved production, car prices in the US remain sky-high due to lingering pandemic effects and soaring interest rates. The average new car price hit $48,759 in December 2023, driven by pent-up demand and high loan rates, with used car prices also elevated. While supply chain issues have eased, manufacturers have been slow to replenish […]
"Russian and Chinese are brothers forever" – Putin and Xi Challenge Western Dominance
During his visit to Beijing to mark 75 years of diplomatic relations, Russian President Vladimir Putin emphasized a “brothers forever” bond with Chinese President Xi Jinping. Both leaders presented their relationship as a stabilizing force against Western hegemony, specifically targeting US-led alliances and sanctions. Xi urged a peaceful resolution to the Ukraine conflict and the […]
Silver's Surge: Catching Up to Gold with Strong Industrial Demand
Silver is finally catching up to gold, with a year-to-date gain of 17.6% as of April 2024, outpacing gold’s 13.4%. This surge is driven by a significant supply deficit for the fourth consecutive year and robust industrial demand from sectors like photovoltaics, vehicle electrification, 5G technology, and AI applications. Despite market recalibration and interest rate […]