Spread the loveEven Miami lost ground. Spring selling season is a dud so far. And the banking crisis hasn’t even made it into the data yet. That’s still to come. Spring selling season is here, but so far, it’s a…

Spread the loveSince the Federal Reserve first kicked off its inflation-fighting campaign 15 months ago, it has raised interest rates nine consecutive times and wound down its pandemic-era bond-buying program, notching the fastest pace of monetary policy tightening in four…

Spread the loveEver since 11 banks on March 16 donned the garb of heroic fire fighters, rushing to extinguish an inferno at a competitor bank before it spread further, we have been asking ourselves the question – why just this group of…

Spread the loveRegulators seized First Republic Bank over the weekend, then arranged a sale to JP Morgan Chase, in the second-largest U.S. bank failure. Regulators seized First Republic Bank FRC -43.30%decrease; red down pointing triangle and struck a deal to sell the bulk of…

Spread the loveBRICS countries are buying massive amounts of gold to topple the dominance of the U.S. dollar on the global stage. The developing nations want to rely less on the U.S. dollar by creating a new currency to settle…

Spread the loveSharply weaker tax receipts (a non-trivial puzzle considering the BLS claims the US generated 4 million jobs since last year yet tax receipts are 30% lower) in 2023 could bring forward the infamous X-date [when federal from the…

Spread the loveLawmakers in the European Union on Thursday voted 517-38 in favor of a new crypto licensing regime, Markets in Crypto-Assets (MiCA), with 18 abstentions, making it the first major jurisdiction in the world to introduce a comprehensive crypto…

Spread the loveIn the post-pandemic period, the Fed expanded the money supply significantly to support a swift economic recovery. It did so by purchasing vast amounts of US Treasury bonds and mortgage-backed securities. While those assets seemed like good investments at…

Spread the loveSpot gold was up 1.2% to $2,037.68 per ounce by 10:45 a.m. EDT, its highest since March 2022 and about $35 off record highs. US gold futures gained 1.6% to $2,057.10 per ounce in New York. Gold’s surge…

Spread the loveJanuary and February 2023 are the strongest start to a year since 2010 when central banks became net buyers of gold on an annual basis.

Spread the loveSaudi Arabia and Russia cutting back oil production will increase their revenue, while causing inflation in the USA to resume soaring.