In December, inflation is expected to surpass the 30 percent threshold, driven by the recent increase in gas prices and the persisting adverse base effect, which continues to impact the consumer price index (CPI). The headline inflation for December is projected to settle at approximately 30.11 percent year-on-year (YoY) and 1.18 percent month-on-month (MoM), in … Read more
December 22, 2023 by SchiffGold 0 0 US stocks surged with the promise of interest rate cuts. Then stocks tanked when some Fed officials tried to walk that promise back. Then they surged again when some weak economic data put rate cuts back on the table. As Friday Gold Wrap host Mike Maharrey put it, easy money is … Read more
December 23, 2023 by Michael Maharrey 0 0 Would you rather have silver and gold? Or would you rather have peppermint? You might be under the impression Yukon Cornelius of Rudolph the Red Nose Reindeer fame was after riches of silver and gold. He wasn’t. I mean, I hate to mess with your Christmas memories, but facts are … Read more
December 26, 2023 by Michael Maharrey 0 0 What’s going on with US banks? Over the last month, loans outstanding in the Federal Reserve bank bailout program increased by $17.24 billion. It was the second month we’ve seen borrowing from the Bank Term Funding Program (BTFP) surge. And the pace of borrowing is increasing. Between December 13 and … Read more