Out Of Control Inflation: It Now Takes At Least $177,798 For A Family Of 4 To Live Comfortably In The US
Out Of Control Inflation: It Now Takes At Least $177,798 For A Family Of 4 To Live Comfortably In The US Authored by Michael Snyder via The Economic Collapse blog, I never imagined that we would ever see a time when it takes $177,798 for a family of four to live comfortably in the United […]
PBOC Unveils $42 Billion Monetary Cannon To Boost Debt-Stricken Housing Market
PBOC Unveils $42 Billion Monetary Cannon To Boost Debt-Stricken Housing Market China’s struggling housing market is set to receive a boost from a new nationwide program funded by the People’s Bank of China to address oversupplied conditions. As a critical driver of the domestic economy, the nation’s housing market has been in a multi-year slump. This latest initiative […]
Watch: Chief Economic Adviser Refuses To Admit Biden Is Lying About Inflation
Watch: Chief Economic Adviser Refuses To Admit Biden Is Lying About Inflation Authored by Steve Watson via Modernity.news, Joe Biden’s chief economic advisor refused to admit Thursday that the president keeps telling a huge lie by claiming that inflation was at 9 percent when he took office when it was really at 1.4 percent and […]
China Pledges Response to Biden Administration’s Expanded Tariffs
China condemned the Biden administration’s decision to increase tariffs on various Chinese imports and vowed to take unspecified retaliatory actions. The new tariffs, ranging from 25% to 100% on items like semiconductors and electric vehicles, follow a review of tariffs initially imposed by former President Trump.
Take-Two Shares Drop After Grand Theft Auto VI Delayed Again
Take-Two Shares Drop After Grand Theft Auto VI Delayed Again Take-Two Interactive Software fell in premarket trading in New York after lowering its fiscal 2025 bookings forecast on Thursday evening and announcing a release date for Grand Theft Auto VI in the autumn of 2025. Some Wall Street desks viewed the release date as a “delay.” Take-Two […]
China’s Gold Market Thrives in April with Record ETF Inflows
In April, China’s gold market saw strong investment demand, with gold withdrawals from the Shanghai Gold Exchange rising to 131 tons. The Shanghai Gold Benchmark and LBMA Gold Price both increased, reflecting this momentum. Chinese gold ETFs experienced their largest-ever monthly inflow, and the People’s Bank of China announced its 18th consecutive month of gold […]
"AI-Fueled Equity Bubble" – Big Tech to Ignite Next Equity Market Surge
Amid improving economic indicators and anticipation of fewer Federal Reserve rate cuts, big tech companies, particularly those focused on AI, are expected to drive the next market surge. Nvidia, set to release earnings next week, is among the leaders in this trend. Capital Economics predicts that AI-driven optimism will propel tech stocks higher, despite recent […]
Is US Copper Sowing The Seeds Of Its Own Return To Earth?
Is US Copper Sowing The Seeds Of Its Own Return To Earth? Authored by Simon White, Bloomberg macro strategist, Copper’s recent rally has been most pronounced in the US, taking the futures curve there into extreme backwardation. That typically precedes a supply response and lower prices. Nonetheless, the long-term bullish case for copper is intact. Copper […]
Investors Reap Rewards Across Markets as Dow Hits 40,000
Amid an ideal investing environment, the Dow Jones Industrial Average has surged past 40,000 for the first time, driven by resilient corporate profits, low unemployment, and easing inflation. Investors are striking gold with gains in diverse markets, including tech stocks, cryptocurrencies, and precious metals. Despite some concerns about government debt and market timing, optimism remains […]
China Unleashes Bold Measures to Rescue Property Market Crisis
In an aggressive move to revive its struggling property market, Beijing has unveiled a comprehensive rescue package, including the removal of mortgage rate floors and lowering down payments. The People’s Bank of China will inject $42 billion to help government-backed firms purchase unsold homes, converting them into affordable housing. Despite this, analysts warn that the […]