The FED speaks: THE 25-BASIS-POINT HIKE IS NOT THE STORY The Federal Reserve has raised interest rates by 0.25 percentage point, taking the federal-funds target range to 3.75%–4.00%. The immediate effect is largely psychological. Markets react to the headline, algorithms react to the headline, commentators react to the headline, then
We have a two-week ceasefire in the Middle East. Within minutes, the ceasefire was broken by Iran. Shortly thereafter, there was a reaction by Israel. I am afraid that my confidence in the longevity of this ceasefire is tenuous at best. The markets, however, have reacted positively, for the time
The department of statistics is feeding us figures which are frightening. They told The People of America that 584,000 jobs were created… but now they say it was really just 181,000. What happened to the rest of the jobs? If this is the quality of statistics we are receiving, what
Gold is trading steady this week, it has been holding in the $4,000 to $4,200.00 range over the past seven weeks. Silver, on the other hand, has exploded upwards. After a run beginning in May, from $34.00 to $62.00 this morning, a consolidation or pull back can be expected. Worst
Are we near the top of the stock market? I think we are close. They can continue to cover up the awful state of the economy, of manufacturing, of inflation, for a short period more. The market will respond well to more money printing, and lower interest rates so it
Calvetti & Associates produces concise, rational work that is well worth reading. (see below). “Let me start with equities, specifically America’s stock market. Few analysts dispute that the market is overvalued and distorted. We are now at the point where the ten most valuable companies have a market capitalization of
The signs of the US economy being in trouble keep popping up their heads. The narrative of the economy being strong does not resonate with me. The speed at which it is slowing is concerning. The results will lead to massive political propaganda, once again telling us how strong the
Ben Garrison’s cartoon is not so funny. It depicts the dollar being trampled by gold, silver, stocks, and bitcoin. At this time, I concur with his sentiment. We deal in gold and silver on a daily basis. We contact the mints and the markets continually. Obtaining the client’s metal requirements
This illustrates the terrifying progress of artificial intelligence, which grows in capability hourly. We have tested Chat GPT against our doctor’s analysis, and the results are frightening. Chat GPT has far greater instantaneously available resources. We have tested it in other spheres as well and find the results absolutely incredible.
The Cantillon effect is a surreptitious method of stealing money from the people disconnected from the source of funds. Chat GPT has a more succinct way of explaining it than I do: The Cantillon Effect refers to the uneven and often hidden distributional effects that occur when new money is
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