China Debt Ratio Hits Record

China Debt Ratio Hits Record

China’s debt-to-GDP ratio reached a record high of 281.5% in Q2, reflecting a deep lack...

Europe’s Central Bank Hikes Rates to Highest Since 2000

In its attempt to curb painfully high inflation, the European Central Bank (ECB) raised interest...

Global Gasoline Prices Are Surging in Renewed Inflation Blow

Gasoline prices are starting to surge globally, presenting a worrying inflationary omen for central banks...

Mortgage Demand Falls 1.8, Purchase Demand Down -49%, Refi Demand Down -87%, Mortgage Rates Up 115%

Despite President Biden’s positive spin on his economic policies, the Mortgage Bankers Association’s survey for...

US Prices UP 16.6%, Real Wages Down -3%, Food UP 56%, Gasoline UP 52%, 30Y Mortgage Rates UP 153%

Biden’s Press Secretary, Karine Jean-Pierre, recently asserted that “The American people are beginning to feel...

The Fed Follows Its Script and Hikes Again; What’s Next?

I’ll say this about the Federal Reserve: it tends to follow the script. Everybody expected...

“Lower” 3% Inflation Is Still Squeezing Our Wallets

The Consumer Price Index (CPI) cooled in June. Year on year, the CPI increased by...

It’s Fed Day. Gold climbs as Fed pushes rates to 22-year high

Fed Hikes Rates to 22-Year High As expected, the Federal Reserve continued to hike interest...

Elon Musk the Banker Wants to Take on JPMorgan Where Amazon, FaceBook, and Google Failed

Elon Musk is embarking on a bold new venture: transforming Twitter into a comprehensive hub...

China’s Gold Rush Reaches 555 Tons, Rising 16.4% in the First Half of 2023

China’s gold consumption rose by 16.37% year-on-year to 554.88 tons in the first half of...

Fed Hikes by 25 Basis Points, to 5.5%, Highest since 2001, More Rate Hikes on the Table

The Federal Open Market Committee (FOMC) of the Fed has raised its five key policy...

JPMorgan Sees Gold Soaring to Records in 2024 as Fed Cuts Rates

JPMorgan Chase & Co., in its latest analysis, expects gold to shine brighter in the...

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