Klarnageddon: Consumer Credit Card Debt Unexpectedly Plummets At Rate Signaling Deep Recession
Klarnageddon: Consumer Credit Card Debt Unexpectedly Plummets At Rate Signaling Deep Recession We have repeatedly warned that with their savings – and especially “emergency covid savings” – gone or nearly gone, Biden admin savings data manipulation notwithstanding… … US consumers had no choice but to max out their credit cards in order to “extend and […]
Rates Jump After 30Y Auction Prices At Highest Yield Since August 2007
Rates Jump After 30Y Auction Prices At Highest Yield Since August 2007 After two dismal coupon auctions to start the week, and the year, the final sale of Treasury paper in the funeral-shortened week took place shortly after 1pm when the Treasury sold $22BN in a 29 Year, 10 Month reopening, in what was the […]
UK Special Forces Whistleblowers: SAS Had ‘Golden Pass’ To Murder Unarmed Afghans
UK Special Forces Whistleblowers: SAS Had ‘Golden Pass’ To Murder Unarmed Afghans Veterans of British special forces operations in Afghanistan have shared with a public inquiry their concerns that noncombatants — including juveniles under 16 — were regularly murdered in raids targeting Taliban fighters. One senior officer said the elite soldiers had a “golden pass […]
Gold Holds Ground Amid Trade Policy Uncertainty
Gold markets are showing resilience amid competing pressures, with prices holding around $2,646.88 per ounce. Support comes from growing concerns about Trump’s proposed protectionist trade policies, which could trigger inflation and trade wars, enhancing gold’s safe-haven appeal. However, these supportive factors are being offset by a strengthening dollar and rising Treasury yields. The precious metal’s […]
Trump Asks Supreme Court To Halt Sentencing In Hush Money Case
Trump Asks Supreme Court To Halt Sentencing In Hush Money Case Donald Trump petitioned the US Supreme Court to postpone his sentencing in the Stormy Daniels/hush money case, scheduled for Friday, Jan. 10. This move comes after a New York appeals courts rejected his requests for a delay, including a recent denial from the state’s […]
Central Banks Drive Gold Higher Ahead of Fed Minutes
Gold prices showed modest gains in early trading, rising 0.1% to $2,667.50 per troy ounce as traders position themselves ahead of key economic indicators. Central bank buying has emerged as a major price driver, superseding the traditional influence of gold ETFs according to Commerzbank analysts. China’s central bank has increased its gold reserves for two […]
Three Chinese Nationals Arrested In DR Congo With 12 Gold Bars And $800,000 In Cash Hidden
Three Chinese Nationals Arrested In DR Congo With 12 Gold Bars And $800,000 In Cash Hidden Three Chinese nationals have been arrested in eastern Democratic Republic of Congo with 12 gold bars and $800,000 in cash hidden beneath their vehicle seats, according to the BBC. According to South Kivu Governor Jean Jacques Purusi, the arrests were […]
Why Deflation Is Good For The Economy
Why Deflation Is Good For The Economy Authored by Frank Shostak via The Mises Institute, The yearly growth rate of the consumer price index (CPI) stood at 2.7 percent in November, against 2.6 percent in October. In June 2022, the yearly growth rate was 9.1 percent. The price of a good is the amount of […]
Sam Altman: OpenAI Is “Losing Money”, Shares 2025 Agentic AI Outlook
Sam Altman: OpenAI Is “Losing Money”, Shares 2025 Agentic AI Outlook The road to profitability for OpenAI remains uncertain as the CEO, Sam Altman, revealed on Sunday on X, “Insane thing: We are currently losing money on OpenAI Pro Subscriptions!” He blamed the high usage of ChatGPT. insane thing: we are currently losing money on openai pro subscriptions! […]
China Signals Confidence in Gold with Fresh Reserve Purchases
The People’s Bank of China has demonstrated renewed commitment to gold accumulation, expanding its reserves for the second straight month in December despite historically high prices. The central bank’s holdings increased to 73.29 million fine troy ounces from 72.96 million in November, marking a significant return to buying after a six-month pause during 2024’s price […]