News

Get Ready To Be Muzzled: The Coming War On So-Called 'Hate Speech' Authored by John W. Whitehead & Nisha Whitehead via The Rutherford Institute, “Whoever would overthrow the liberty of a nation must begin by subduing the freedom of speech.” - Benjamin Franklin Beware of those who want to monitor, muzzle, catalogue and censor speech. Especially be on your guard when the reasons given for limiting your freedoms end up expanding the government’s powers. In the wake of a mass shooting in Buffalo, NY, carried out by an 18-year-old gunman in military gear […]

These Companies Had The Most Patents Granted In 2021 Companies around the world invest billions in R&D to provide cutting-edge innovation to their products and services. In order to protect these investments, companies apply for patents. Therefore, as Visual Capitalist's Raul Amoros explains below, the number of utility patents a company is granted can be considered a rough measure of its level of innovation. Every year, the Patent 300 List identifies America’s most innovative companies within the intellectual property space by analyzing the patents granted by the […]

Missouri Bill Prevents Doctors Being Disciplined If They Prescribe Ivermectin Or Hydroxychloroquine Authored by Naveen Athrappully via The Epoch Times (emphasis ours), Missouri lawmakers passed legislation that prevents state licensing boards from disciplining doctors who prescribe ivermectin and hydroxychloroquine. Missouri Gov. Mike Parson signs a bill in Jefferson City, Mo., on May 24, 2019. (Summer Balentine/AP Photo) Sponsored by Rep. Brenda Kay Shields (R-Mo.), HB 2149 also bars pharmacists from questioning doctors or disputing patients regarding the usage of such drugs […]

Is The Housing Crash Starting? Last week, we shared extensive empirical evidence that the US housing market is starting to crack when we quoted regional managers from John Burns Real Estate Consulting, all of whom agreed on one (or more) of three things: i) Demand is slowing, namely entry-level due to payment shock; ii) Investors are pulling back; and iii) Ripple effect of rising rates starting to hit move-up market. Here are some excerpts: Dallas builder: “Interest lists are shrinking or buyers are truly pausing.” Houston builder: “Many first-time buyers simply no […]

Day 2 Rundown Of The Michael Sussmann Trial Authored by Techno Fog via The Reactionary, Day 2 of the Michael Sussmann trial started with some housekeeping. Here are the rulings of note: Robby Mook, who has a scheduled vacation in Spain, will testify on Friday. He’s a defense witness. Evidence of Steele’s meetings with Sussmann and Fusion GPS in July 2016, and his tasking to conduct research on Alfa Bank, according to the judge, “can come in.” The judge observed they are “relevant to Mr. Sussmann’s activities for the campaign and his attorney-client […]

Will The Buffalo Shooting Thaw Biden's Frozen Gun Control Agenda? "Never let a good crisis go to waste."  In the aftermath of the shooting in Buffalo, New York, politicians both local and nationwide are heeding Winston Churchill's infamous words and have renewed calls for gun control legislation and more. We're already starting to see the wheels turning in Washington, spurred by the tragic mass shooting event. First, as reported by Politico, Biden has renewed his push for Steve Dettelbach to head the ATF in the wake of the Buffalo shooting to get Dettelbach through his […]

California Church Shooting Suspect Had Ties To CCP Nationalist Front Group Authored by Mary Hong via The Epoch Times, The man charged with killing one person and injuring five others after a Taiwanese service at Geneva Presbyterian Church in Laguna Woods, California, was once a member of a U.S.-based group controlled by the Chinese Communist Party. Shooting suspect David Chou on May 16, 2022. (Orange County Sheriff's Department via AP) The Orange County Sheriff’s Department said the shooting by the alleged gunman, 68-year-old David Wenwei Chou of Las Vegas, was “a […]

$87.8 Million Bel Air Mansion Horribly Flops At Auction Crashed crypto markets, plunging stocks and bonds, looming housing market meltdown, interest rate shock, and the threat of a recession have spooked speculators, including ones bidding on a massive Bel Air mansion that flopped at auction, according to CNBC.  The mood among 'movers and shakers' is sheer pessimism as financial markets are stuck in a doom loop of turmoil thanks to the Federal Reserve embarking on one of the most aggressive tightening cycles in decades, if not ever.  So the timing of […]

"They Shut Us Down": Michigan Businesses Sue Whitmer For Losses Due To COVID Lockdowns Authored by Steven Kovac via The Epoch Times (emphasis ours), A coalition of five bowling alleys and family entertainment centers is suing Michigan’s Gov. Gretchen Whitmer, a Democrat, for losses incurred due to her mandatory COVID-19 shutdowns in 2020. Michigan Gov. Gretchen Whitmer listens to Democratic presidential candidate Sen. Kirsten Gillibrand (D-N.Y.) in Clawson, Mich., on March 18, 2019. (Paul Sancya/AP) Michigan Dept. of Health and Human Services director Robert Gordon is also a […]

US, Japan Prepare Statement Pledging To Jointly 'Deter' China Militarily Tensions between Beijing and Tokyo are about to ratchet further amid widespread reports that the United States and Japan have prepared a statement calling for both to "deter and respond to" China's aggressive military activities in the Indo-Pacific region. The statement is expected to be released as President Joe Biden visits Tokyo to meet with Japanese Prime Minister Fumio Kishida early next week. Biden will travel to South Korea and Japan from May 20 to May 24, the White House previously announced. File […]

"Big Lebowski Syndrome" - Why Haven't Californians Demanded Change? Authored by Michael Shellenberger via Substack, Over the last few weeks, a number of journalists and commentators have pushed back against my criticisms of Governor Gavin Newsom. Crime and homelessness have been increasing everywhere, they say, not just in California. Covid interrupted Newsom’s ambitious plans to address homelessness, they note. And California’s high cost of living long predated Newsom’s election in 2018. With all due respect to the people rushing to the governor’s defense, those claims […]

Massive Saharan Dust Plume Over Atlantic, Headed For US By Weekend  A massive plume of dust referred to as a Saharan Air Layer (SAL) could reach U.S. Gulf Coast states this weekend, according to AccuWeather.  On Tuesday, weather models show SAL traversing the Atlantic. The expectation is this enormous plume of dust will sweep across the Caribbean and into the Gulf of Mexico by the end of this week, reaching the U.S. Gulf Coast by Saturday.  "A large batch of dust was evident on satellite photos from the start of this week and was beginning to enter the Caribbean.  "It […]

NYC "Afraid" Of Possible Pro-Gun Supreme Court Win Submitted by The Machine Gun Nest (TMGN)., As if we needed any more evidence that the Supreme Court case, NYSRPA v. Bruen, will expand gun rights, New York politicians are sounding the alarm that a pro-gun ruling could have a significant impact. We've been covering NYSRPA v. Bruen for a while now, for those unaware. The case deals with what's known as "may issue" licensing schemes regarding concealed carry permit issuance in liberal states. In states with a "may issue" system, you as a citizen must provide a "good and […]

US Navy Amasses 'Show Of Force' Near China Amid Taiwan Invasion Threats The US Navy amassed a show of force in the waters near China. Top Western officials worry that Beijing could launch a military takeover of Taiwan after learning lessons from Russia's invasion of Ukraine.  The USS Ronald Reagan carrier and USS Abraham Lincoln carrier strike groups, the USS America expeditionary strike group, and the amphibious assault ship USS Tripoli operate around the Philippine Sea to Japan to Western Pacific, according to the latest fleet tracking report by USNI News.  […]

Diesel Costs Deliver Body Blow To Trucking Industry, Impacting Broader Economy By Noi Mahoney of Freightwaves With diesel prices remaining elevated — forcing significant costs onto shippers and trucking companies — the impact of fuel costs on inflation could put a dent in consumer spending, according to experts. Diesel pump prices averaged $5.61 a gallon nationwide, 51% higher than diesel prices across the country in January Economist Anirban Basu said the elevated price of diesel fuel damages the near-term U.S. economic outlook and “renders the chance of recession in […]

Biden Admin Bracing For Wave Of Summer Violence Over Roe v. Wade The Biden administration is bracing for a wave of violence this summer, assuming the US Supreme Court follows through in June on a leaked opinion that would overturn Roe v. Wade, according to Fox News. According to a May 13 Department of Homeland Security (DHS) memo, threats have been made to "burn down or storm" the Supreme Court building. The threats come as protesters have spent weeks outside the homes of conservative justices, who have been relocated along with their families for their protection. The DHS […]

Mortality Among White Collar Workers Jumped 24 Percent Between 2020 And 2021, Life Insurance Data Show Authored by Petr Svab via The Epoch Times (emphasis ours), The increase in deaths not attributed to COVID-19 in the working-age population during the summer and into the fall of last year hit white-collar workers more than the blue- and grey-collar ones, according to life insurance data. First responders load a patient into an ambulance from a nursing home where multiple people have contracted COID-19 on April 17, 2020 in Chelsea, Massachusetts. (Scott Eisen/Getty Images) In […]

Guess What Comes Next In a recent 'Chart of the Day' from DB's Jim Reid, the credit strategist makes it very clear not only what comes next to the US economy (that would be stagflation for anyone who happens to be an idiot, or is a central banker, but we repeat ourselves), but also how much the consensus has moved for the US economy over the last year. And while Reid would still not call real GDP growth at just below 3% this year “stagflation,  he admits that the direction of travel is clearly moving in that direction, especially for 2023, which is when DB's base case for a […]

UFO Hearing: Pentagon Shows Declassified Footage of Flying Spherical Object By Gary Bai of The Epoch Times Pentagon officials on May 17 showed lawmakers two videos of Unidentified Aerial Phenomena (UAP), more colloquially known as UFOs, in the first open congressional hearing on the subject since 1966. The testimonies before the House Counterterrorism, Counterintelligence, and Counterproliferation Subcommittee showed two videos recorded by U.S. military personnel. Deputy Director of Naval Intelligence Scott Bray explains a video of an Unidentified Aerial Phenomena, as he […]

"I Have Given Everything I Could": Melvin Capital Calls It A Day, Will Wind Down Fund After Gigantic Losses Having suffered historic loss after historic loss, and dropping 23% through the end of April after plunging 39% in a catastrophic, for the hedge fund 2021, Melvin Capital went for the Hail Mary last month when it tried to sneak a "high water mark" exemption and get paid a performance fee by his massively underwater investors, even though the fund is like half a mile below its high water mark. It didn't work when LPs unanimously told Gabe Plotkin to do something anatomically […]

Weaponizing The Pursuit Of Profit: Rubio Warns Of 'Extraordinary' Leverage Held By China Over American Companies Authored by Eva Fu and Jan Jekielek via The Epoch Times (emphasis ours), “Whatever we did to make the Chinese angry, we have to stop doing it, because it’s hurting us.” That was an argument that Sen. Marco Rubio (R-Fla.) heard from an executive at an airplane maker recently after China stopped buying their planes and switched to Europe. The company blamed the switch on U.S. tariffs on Chinese goods. Sen. Marco Rubio (R-Fla.) speaks during a Senate Committee on […]

Fresh Fighting Grips Libyan Capital Over Decade After Obama's Regime Change War Well over a decade after the Obama-Hillary led NATO military intervention in Libya in 2011, which resulted in the overthrow and violent street execution of Muammar Gaddafi, the capital of Tripoli has once again fallen into chaos as gunfights between rival factions threaten a fragile truce.  For years oil-rich Libya has been fought over by two rival governments, one based in the east and the UN-recognized national government in Tripoli. This week's breakout in fighting began when according to Al […]

Over-Aggressive Fed Faces "Financial Accident" - Guggenheim Warns Recession Risk Rising Via Guggenheim Partners, Fed Aggressiveness Following Delayed Liftoff Sets Up 2023 Collision The risks of tightening into a downturn. If two trains are heading towards each other at different speeds, when will they collide? This grade school arithmetic problem is playing out in the Federal Reserve’s (Fed) execution of monetary policy. In this case, one train is the aggressive tightening plan as telegraphed by the Fed and the other is the U.S. economy which, while still strong, is […]

Cisco Crashes 20% On Catastrophic Guidance; Blames China, Ukraine And the hits just keep on coming. After ugly earnings from Walmart yesterday, terrible earnings and guidance from Target, both of which confirmed the US consumer is now tapped out, moments ago the company which has served as the backbone of the internet for the past 30 years and is the biggest maker of computer-networking equipment, the $200-billion CISCO, reported earnings which wiped out about 20%, or $40 billion, from its market cap in seconds. First, here is what the company reported for the just concluded […]

The element gold is a pirate's booty and an ingredient in microcircuits. It's been used to make jewelry since at least 4000 B.C. and to treat cancer only in recent decades.

Key NIH Research Executive Received 70 Secret Royalty Payments; Colleague Got 7 Authored by Mark Tapscott via The Epoch Times (emphasis ours), Two key National Institutes for Health (NIH) executives in positions of influence on decisions about who gets grants from the agency received a total of 77 previously undisclosed royalty payments from outside firms between 2010 and 2014. NIAID director, Dr. Anthony Fauci, pauses during a Senate Appropriations Subcommittee hearing on Capitol Hill in Washington on May 26, 2021. (Stefani Reynolds/Pool/Getty Images) The secret royalty […]

The Royal Mint Physical Gold ETC (LSE:RMAU) has reached over US$600m in assets under management (AUM), more than doubled since the end of 2021.

Portugal's central bank has opened up its heavily guarded vaults in a small commuter town near Lisbon, giving a rare glimpse of where some of the country's gold reserves are kept. The 67,000 square metre compound in Carregado houses an ultra-secure vault where 45% the Bank of Portugal...

Finally, longs continue to sell their gold as they weigh the combined effects of Fed rate hikes and the end of the world not coming from the war. Sorry, this is a stupid reason to sell gold, but it exists and has been facilitated by decades of Fed “discouragement”. But the longer the war goes on, the sticker the Gold rallies will be, especially if stocks are dropping

Nenner is still long term bullish on gold and says it will hit “$2,500” in the not-too-distant future. Nenner says if the world goes back on a gold standard, “gold will hit $40,000 per ounce.”

The global economy is in a very precarious position, with governments aggressively increasing interest rates while the world faces an energy shortage.. If the debt bubble bursts then we will be faced with a shrinking economy that cannot accommodate a growing population.

The Swiss government has laid on its biggest military deployment in peace time – not for any war or overseas intervention, but rather to protect the global elite who are gathering in Davos for Klaus Schwab’s annual World Economic Forum confab.

There’s a lot of news flying around about the changes happening in global currency trading.   From “Gas for Rubles” to “What the Hell is Going on With the Yen?” there are a lot of questions and very few answers as to what it all means and whose on which side of the divide...

Russia and China’s commitment to survival and cooperation goes far beyond utilitarian concerns as outlined by their February 4th joint statement for Cooperation Entering a New Era which called for the further integration of the EAEU and BRI, military intelligence harmonization under the growing SCO and broader international integration of the multipolar system.

If they gave the bill a more accurate title, it would be called the “Money For Raytheon And Friends” bill, as the majority of the funds from the latest $40 billion behemoth will be used to supply weapons purchase orders, and resupply weapons that were already sent to Ukraine, which arrived with a seeming back room deal to add to the deep pockets of the weapons manufacturers back home.

The EU believes something to be true which isn't, it can bring Russia to its knees by forcing it to take oil wells offline.. even if it kills them...

Gas prices in both the United States and Europe hit new highs Wednesday, with average prices per gallon in California topping $6, compared to over $9 in Norway and Denmark

Shrinking its massive portfolio of home loans won't make for easy economics or politics. If you took out a mortgage over the last couple of years, there's a good chance the holder of that loan is America's central bank — a consequence of its monetary stimulus efforts throughout the pandemic.

Like a supertanker, US debt-service costs only change course very slowly. But it’s happening now -- and from Washington’s point of view, the new direction is the wrong one: they’re heading up.

With a gallon of milk up about 25% since before the pandemic, and retail bacon 35% higher, it’s hard to imagine how US food inflation could get any worse.

The Biden tweet that Bezos slammed isn’t as much of an incoherent word salad as it might seem. But it does represent a wrong-headed policy.

As long as the credit markets remain complacent the Fed has ample room to hike. And the Fed will continue to hike until there is a recession, a credit event, or inflation comes down.

The Refinance Index decreased 10 percent from the previous week and was 76 percent lower than the same week one year ago. The seasonally adjusted Purchase Index decreased 12 percent from one week earlier. The unadjusted Purchase Index decreased 12 percent compared with the previous week and was 15 percent lower than the same week one year ago.

And the winner of "never let a crisis go to waste" is Turkey's Erdogan, who vows to block NATO membership for Finland and Sweden unless his shopping list of concessions is fulfilled by the US, EU, and NATO. Who will blink? Also today: Greece gets in on the "give us something" game.

Major retailer Target warned of rising cost pressures in its business right after Walmart.

The Dow plunged another 1,000 points to the worst start in 50 years but the real crash is still ahead and it will have a major impact on everything from investors to the Fed. The post Dow Plunges Over 1,000 Points To Worst Start In 50 Years But The Real Crash Is Still Ahead appeared first on King World News.

...the Fed’s ridiculous track record of easy money over the last 15 years, but also due to the new burgeoning bifurcation of the global economy that looks to be taking place with Russia – and potentially China - looking to back their respective currencies with gold.

Jeremy Grantham warns about the biggest stock market bubble and its future burst. The billionaire investor elaborates on the similarities between today’s market and the environment of 1929 and 2000. Mr. Grantham also shares his thoughts on the best investment strategies during this period.

[The Fed] clearly, they printed too much money during their COVID response… we're seeing about a 40% move in the price level of just about everything in our lives.

Let's dive into the New Residential Construction report for April for a look at the US housing market.

“I mean, the obvious reason for inflation is that the government printed a zillion amount of more money than it had, obviously,” Musk said

The CEO of Wells Fargo warned Tuesday that there is “no question” that the U.S. economy is going to get worse before it gets better.

“Expectations for future conditions were also bleak,” added Peterson, “with 60 percent of executives anticipating the economy will worsen over the next six months—a marked rise from the 23 percent who held that view last quarter.”

The US economy won’t be able to avoid a bout of stagflation and markets have yet to tune into the risk of a significant slowdown in growth, said Mohamed El-Erian, the chair of Gramercy Fund Management and former chief executive officer of Pimco.

“Eighty-seven percent of Americans said that inflation and the rising costs of everyday goods is what’s driving their stress,” said Vaile Wright, senior director of health care innovation at the American Psychological Association.

This year's Social Security cost of living adjustment (COLA) isn't nearly enough to help boost seniors' purchasing power. In fact, according to data from The Senior Citizens League (TSCL), high...

Late last week Senate Democrats, led by Senator Elizabeth Warren, introduced a new piece of legislation that aims to limit the ability of companies to increase prices on consumer goods and services during crises.

U.S. shares could go nowhere for a while based on long-term valuations, or they could get it over with and crash

Following March's modest rise in Housing Starts and Permits, analysts expected reality to catch up with the homebuilder market in April (just as we saw in the NAHB sentiment survey slumping to 2 year lows). Housing Starts and Building Permits both dropped in April but the picture was mixed...

UK inflation rose to its highest level since Margaret Thatcher was prime minister 40 years ago, adding to pressure for action from the government and central bank.

China’s economic activity is collapsing, there’s no end in sight to Covid Zero and the country remains isolated from the world. Yet for investors, the outlook for Chinese assets seems to be turning brighter.

There’s broad agreement among members of the European Central Bank’s Governing Council that negative interest rates should end “relatively quickly,” according to Bank of Finland Governor Olli Rehn.

The dollar’s skyrocketing rise has some contemplating a rare, if not unthinkable, action: major nations agreeing to manipulate the US currency until it falls.

The Biden administration is poised to fully block Russian bond payments to US investors after a deadline expires next week, a move that could force Moscow into its first foreign default in a century.

Suspicious minds on Wall Street can be forgiven for seeing all the hallmarks of an illiquid bear-market trap in the Tuesday stock rebound.

Target shares plunged to a 14-month low in premarket trading after reporting first-quarter earnings that missed Wall Street's expectations.

Investors further considered remarks from Federal Reserve Chair Jerome Powell that the central bank was set on using its policies to bring down inflation still running at multi-decade highs.

On the heels of a massive plunge in the U.S. stock market it appears it was accompanies by shocking outflows that are the largest in history, shattering the previous record! Plus more surprises. The post U.S. Stock Market Outflows Largest In History! Shattering Previous Record! Plus More Surprises appeared first on King World News.

WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Wealthion's endorsed financial advisors at https://www.wealthion.com Even though both the stocks and bonds have had a dismal start to the year, most investors aren’t panicking yet. Instead, there’s a lot of talk about the bottom being near. And hope that much of the recent losses can be regained. That kind of optimism isn’t seen in a real bear market, cautions seasoned financial advisor Ted Oakley, Managing Partner & founder of Oxbow Advisors.

Despite the World Gold Council's projection of a dip in consumer demand for the precious metal this fiscal on the back of rising prices and record imports last fiscal, a foreign brokerage has suggested in a report that demand may rise more than generally projected as households may snap up the metal as a hedge against spiralling inflation.

Gold futures finish modestly higher Tuesday, building on a bounce from a three-month low as the U.S. dollar eases back from a nearly two-decade high.

Food prices are continuing to go up and there is no reprieve in sight. Food banks and store shelves are beginning to empty further as supplies dwindle and the costs soar.

Russia’s invasion of Ukraine is generating fresh headwinds that will choke the European economy, reveal official forecasts published today. Surging energy prices caused by concerns over supply security following Moscow sending troops into Ukraine are set to strain households and businesses on the Continent.

Federal Reserve Chairman Jerome Powell warned Thursday that getting inflation under control could cause some economic pain but remains his top priority.

But Congress will do what Congress does best – spend other people’s money. I, for one, will not. I will vote no. Somewhere, somehow a voice of fiscal sanity must remain vigilant, must remain stalwart and steady in a sea of fiscal madness.

Here's a key point that I mention every month: "Retail sales are adjusted for seasonal variation and holiday and trading-day differences, but not for price changes.” This month the CPI rose by 0.3 percent but sales rose by 0.9%. So even taking inflation into consideration, sales were on the hot side.

Join Mike Maloney and Adam Taggart in today’s video update as they take an in-depth look at some of the insane policies being proposed in Washington to ‘battle inflation’. As viewers of Mike’s video series ‘Hidden Secrets of Money’ already know, they are most likely just going to add fuel to the fire of inflation. Buckle up.

Federal Reserve Chairman Jerome Powell emphasized his resolve to get inflation down, saying Tuesday he will back interest rate increases until prices start falling back toward a healthy level.

With the stock market rallying on the heels of the public betting big on a stock market crash, today the man who is connected at the highest levels in China says we are in the early stages of the Commodity SuperCycle, hyperinflation, and the final phase of the war in the gold market. The post The Commodity SuperCycle, Hyperinflation, And The War In The Gold Market appeared first on King World News.

Amid swelling prices, most Americans see inflation as the biggest issue facing the country — far exceeding other concerns, according to a survey.

Former Federal Reserve Chairman Ben Bernanke accused the current U.S. central bank leaders of waiting too long to address surging inflation, warning the economy faces a period of stagflation for the first time since the 1970s as a result.

Let’s get ready to stumble! Seriously, with soaring energy prices and soaring EVERYTHING prices (except for real wage growth), it is difficult to see how the US will avoid a recession. Yes, e…

Fed Chair Jay Powell joins WSJ’s Nick Timiraos (for 35 minutes) to discuss rising interest rates, the Fed's plan to address high inflation and the outlook for the U.S. economy and labor market, at the WSJ Future of Everything Festival.

This morning only eleven Senators - all Republican - voted against a MASSIVE giveaway to Ukraine, even as Americans suffer at home. Meanwhile, NATO assured Ukraine that its support is "open ended." War is coming closer...and now Finland and Sweden are about to enter the war mix. What could go wrong?

An attack would plunge the region into a broad, drawn-out war that could include direct attacks on the U.S., war game participants concluded.

US Treasury Secretary Janet Yellen said that Western democracies have become “too vulnerable” to countries that use their market positions as geopolitical leverage, and called for the United States and Europe to coordinate their approach towards China after having united against Russia.

The NAHB survey of homebuilder sentiment fell for the 5th straight month in May to its lowest since June 2020... but has a long way to go to catch down to homebuyer sentiment...

Federal Reserve Chairman Jerome Powell battled a president who threatened to fire him, a once-in-a-century economic collapse, the uncertainty driven by COVID-19 and the high inflation it spurred during his first term leading the central bank.

"Where Agarwal and Kimball comment that the zero lower bound 'is not a law of nature, but a policy choice,' I suggest that the same is true about the need to fight an excess demand for money by cutting an interest rate instrument or target." ~ Lawrence H. White

The average price at the pump in California hit a record $6.021 per gallon on Tuesday, according to AAA. Prices are up 31 cents over the last month, and $1.89 higher than a year ago.

Russia’s war in Ukraine is combining with a global tightening of credit and an economic slowdown in China to sow misery in low- and middle-income countries.

Even by Washington standards, the Biden Administration’s recent request for $33 billion for military aid to Ukraine was shocking. Surely a coalition of antiwar progressives and budget-hawk Republicans would oppose the dangerous and expensive involvement of the US in the Russia/Ukraine conflict? No! Not only did Congress not object: they added nearly seven billion MORE dollars to the package!

Credit Bank of Moscow (MKB), one of Russia's largest private lenders, has obtained a gold export licence from the government, it said on Monday, becoming the latest Russian bank to turn to precious metals trade to offset the impact of sanctions.

Tether's circulating supply has slipped from about $83 billion a week ago to less than $76 billion on Tuesday.

Turkey’s lira tumbled for a ninth day, hitting a brand new low for the 12 months, as state lenders decreased the quantity of greenback gross sales to prop up the forex.

Surging inflation will pile £2,370 ($2,900) on to the bills of the average UK household this year, according to a new study, raising fresh pressure on the Bank of England and government to step up their response to the cost of living crunch.

You will notice that Fed monetary tightening occurs when capacity utilization hits 80%, indicating an overheated (or OVERSTIMULATED) economy. Yes, we still have The Fed Funds Target Rate (Upper Bound) at only 1% and The Fed Balance Sheet still near $9 trillion. So, Fed stimulypto is still in play.

The disinflationary impact of Fed policy on equities is coming. There is currently much debate in the mainstream media suggesting investors should ignore Fed rate hikes. To wit:

The post-covid tailwind for big box retailers is officially dead and buried and the hangover is officially here.

The concern is particularly acute for low-income countries hampered also by high food and energy inflation...

While the US dollar typically strengthens when a recession is looming, all bets are off once it hits.

Investors are piling into cash as the outlook for global growth plunges to an all-time low and stagflation worries mount, according to a Bank of America Corp. fund manager survey that points to continued stock market declines.

Amid a record surge in revolving consumer credit (i.e. credit card spending), and soaring inflation, analysts expected another monthly rise in retail sales (which is reported in nominal dollars) and they were right but the headline print modestly disappointed (+0.9% MoM vs +1.0% MoM exp) but that was offset by a huge upward revision in March data from +0.5% MoM to +1.4% MoM....

Way back in 2007 I charted five long-wave cycles that I reckoned consequential: 1. Public debt (accumulating federal deficits) 2. Inflation 3. Oil (energy) 4. Interest rates 5. Speculative fever

On May 4, the Fed released its plan achieve balance sheet reduction of $60 billion a month in Treasuries and $35 billion a month in MBS. The latter is fake.

According to Bernanke, it's all headed towards a possible scenario in which the U.S. economy could enter a period of “stagflation,” or a combination of economic stagnation and high inflation, coupled with increased unemployment.

Commercial Real Estate hit by construction boom, oil bust, pandemic, working from home, now hiring freezes and layoffs. Older office towers dish out huge losses.

DLB Financial Services CEO Debbie Boyd joins Yahoo Finance Live to discuss rising mortgage rates, the costs homebuilders and lenders are taking on, investors taking their money out of the real estate market...

Oh for the good old days of a nice, clean housing bubble and bust as in 2004-2011: subprime lending expanded the pool of buyers, liar loans and loose credit created speculative leverage, the Federal Reserve provided excessive liquidity and the watchdogs of the industry were either induced (ahem) to look away or dozed off in a haze of gross incompetence.

It's caution time for the bears as the public is now betting heavily on a stock market crash which in the past has led to many big rallies. The post CAUTION BEARS: Public Betting Heavily On A Stock Market Crash! appeared first on King World News.

Speaking to the Investing News Network, Frank Holmes, CEO and chief investment officer at US Global Investors (NASDAQ:GROW), pointed out that the yellow metal's decline is a buying opportunity.

Gold rose slightly on Monday as a retreat in U.S. Treasury yields offset headwinds from a relatively firm dollar, which, along with looming interest rate hikes, earlier pushed bullion to a more than three-and-a-half-month low.

Meantime, the Indian gold ETFs witnessed net inflow of 2.1 tonnes in April this year, primarily driven by rising gold price and safe-haven demand. United States Gold News

China increasingly sees the war in Ukraine -- and the roles of the United States and its NATO allies in backing Kyiv against Moscow -- as a reflection of future tensions to come between the military bloc and Beijing in the Indo-Pacific.

If you’ve been paying any attention at all to the stock market over the past several days, you are aware that stocks have been rapidly declining.

When politicians break the economy, they hurt us in the short term but also create future opportunities to do harm in the name of undoing the damage they inflicted.

"Just like drinking, expansionary monetary policy can provide a temporary (or transitory) high at first (faster real output growth and reduced unemployment). However, the ill effects come later (in an inflation “hangover”)." ~ Gary M. Galles

Even by Washington standards, the Biden Administration’s recent request for $33 billion for military aid to Ukraine was shocking. Surely a coalition...

After those four economic reports we will have a better look at where recession stands.

There has been a lot of confusion about that 1.4% quarter-over-quarter drop in “real” GDP. So let me just go through what didn’t cause it, and then what caused it. What caused it was a freak event, and this freak event is likely to start unwinding in Q2. We’re already seeing some evidence of it.

Summary: I invite Wolf Richter to join us for this episode, and he gives a complete run-down on the housing market—which is up 20-30%, and subject to fluctuate even more due to interest rates. We’re seeing that the current inclination (from the perspective of the courts) is to not foreclose on a property. In consideration of how prices have changed the housing market, a relatively small number of mortgages are affected by the price increase. Tune in for more expert knowledge on what to expect in this sector.

Rising mortgage rates and slowdown in housing make it pretty clear we've seen the peak in lumber prices for this cycle.

The Fed used to pay interest on excess reserves. Now it pays interest on all reserves. The difference is actually moot.

A free money trial is underway in Chicago. Expect an obvious failure to be touted as a huge success.

Neither the Fed nor the ECB is diverse where it matters. Rather, they are all group-think charlatans.

It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments.

For most economists and politicians, the role of central bank authorities is to make the economy as stable as possible. What do they mean by economic stability?

Former Federal Reserve Chair Ben Bernanke said the central bank erred in waiting to address an inflation problem that has turned into the worst episode in U.S. financial history since the early 1980s.

After more than a decade of chained stimulus packages and extremely low rates, with trillions of dollars of monetary stimulus fuelling elevated asset valuations and incentivising an enormous leveraged bet on risk, the idea of a controlled explosion or a “soft landing” is impossible.

As we kickoff another week of trading in the middle of May, more out of control inflation, plus highest in 60 year recorded history! The post More Out Of Control Inflation, Plus Highest In 60 Year Recorded History! appeared first on King World News.

As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies warned King World News that we are in the early stages of an inflationary depression. The post Greyerz – We Are In The Early Stages Of An Inflationary Depression appeared first on King World News.

There was carnage in the crypto currency markets this week as the plunge in global stock markets continued, plus a look at what's next for gold and silver. The post Carnage In The Crypto Currency Markets And What’s Next For Gold & Silver appeared first on King World News.

The massive volume in the gold and silver markets indicates a selling climax may be at hand. The post GOLD & SILVER: Massive Volume Indicates Selling Climax May Be At Hand appeared first on King World News.

We are on the cusp of a massive crack-up boom. The post We Are On The Cusp Of A Massive Crack-Up Boom appeared first on King World News.

Art Cashin says panic in stocks has people selling whatever they can. The post Art Cashin Says Panic In Stocks Has People Are Selling Whatever They Can appeared first on King World News.