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(Mike Maharrey, Money Metals News Service) What an awful jobs report. And I’m not even talking about the contraction of -23,000 jobs in July. I’m talking about the revisions. The Bureau of Labor Statistics estimates that the economy shed 23,000 jobs last month. Economists were expecting 83,000 new jobs in July. Oops. Interestingly, despite job...

(Elyse S. Apel, The Center Square) Minnesota is increasing penalties for Medicaid fraud as state and federal officials continue prosecuting cases involving millions of dollars allegedly stolen from taxpayer-funded programs. The Minnesota Sentencing Guidelines Commission recently approved a higher classification for a new Medicaid fraud offense created under a recently...

(Money Metals News Service) Federal Reserve Chairman Kevin Warsh continues to project a tough stance on inflation, repeatedly promising to restore price stability and keep inflation anchored at the central bank's longstanding 2% target. But according to Mike Maharrey in this week's Money Metals Midweek Memo, markets are beginning to judge...

(Mike Maharrey, Money Metals News Service) When we talk about inflation, we usually focus on the Consumer Price Index (CPI). However, the Federal Reserve’s “preferred” inflation measure is the Personal Consumption Expenditure (PCE) index. What’s the difference and why does the Fed prefer the PCE? The two price inflation measures...

(Headline USA) A drifting SpaceX rocket is on a collision course with the moon after launching a pair of lunar landers more than a year ago. The rocket's upper stage will unintentionally slam into the moon on Wednesday, carving out a crater and sending up a plume of dust and...

(José Niño, Headline USA) A widely circulated post from the Kobeissi Letter told followers that the United States’ richest 1 percent now hold 50.1 percent of all equity and mutual fund wealth. Kobeissi Letter tweeted, “BREAKING: The wealthiest 1% of US earners now own 50.1% of US equity and...

(José Niño, Headline USA) Seniors who buy stand alone Medicare drug coverage will shop for 2027 plans without a federal cushion that has held their premiums down for two years. The Trump administration is winding down the subsidy program that pays insurers to blunt premium increases in Medicare Part D,...

(Money Metals News Service) The United States officially reports holding 8,133.5 metric tons of gold, equivalent to roughly 261.5 million troy ounces. According to government figures, approximately 147.3 million ounces are stored at Fort Knox, while the remainder is held at the Denver Mint, the West Point Bullion Depository,...

(Headline USA) Sen. Lindsey Graham, the son of pool hall owners who rose to become one of his generation's more influential U.S. politicians at home and abroad, is being eulogized Tuesday as “a true American original” during memorial services in Washington. Graham's flag-draped casket arrived for a tribute at the...

(Mike Maharrey, Money Metals News Service) The bond market has been struggling for the last year-plus, with some analysts saying we’re in the early stages of a secular bear market. This has forced investors to reconsider the role of bonds in a balanced portfolio, with some pivoting to tangible assets...

(José Niño, Headline USA) The U.S. Department of Education stripped disparate impact provisions out of its Title VI regulations last week, The College Fix reported, ending federal treatment of race neutral school policies as civil rights violations whenever the resulting numbers break unevenly along racial lines. The Office for Civil...

(Mike Maharrey, Money Metals News Service) Goldman Sachs has picked up on the fact that China is expanding its gold reserves far faster than the official data indicates. This probably comes as a surprise if you only follow mainstream financial news. Goldman is one of the few major financial actors...