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Wednesday, November 6, 2024

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CPI Came in Hotter Than Expected – Again

(Mike Maharrey, Money Metals News Service) It appears cooling price inflation was “transitory” to borrow a favorite Federal Reserve term from a bygone era. The Consumer Price Index (CPI) for March was hotter than expected by every metric. The consensus was price inflation would show some resilience. As one analyst told...

Media Elite Belittle Inflation Struggles of Ordinary Americans

(Clint Siegner, Money Metals News Service) A top writer for the Wall Street Journal thinks Americans who complain about the economy just aren't aware of how good things are. Chief Economics Commentator Greg Ip wrote a gaslighting article last week with the headline, "What's Wrong With the Economy? It's You,...

6 States Report Spread of ‘Super Bird Flu’ to Cows; Human Case Emerges

(Jacob Bruns, Headline USA) A new livestock-borne virus that has contributed to the surging prices of chicken and eggs, forcing Chick-fil-A to backtrack on its longstanding policy against the use of antibiotics, may now be threatening cows and even humans, raising anxieties about potential food shortages, another pandemic or...

Buttigieg Mocks Americans Who Don’t Want EVs: ‘Like People Who Wanted Landlines Forever’

(Headline USA) Transportation Secretary Pete Buttigieg claimed that Americans reluctant to purchase electric vehicles are like people who didn’t want to adopt cell phones in the 2000s. Asked about the slowing sales of electric vehicles despite the Biden administration’s efforts to boost demand with subsidies, Buttigieg insisted Americans need to...

Midweek Memo: Maharrey Offers Ideas on Navigating Fiscal Challenges

(Money Metals News Service) Reflecting on his childhood in this episode of Money Metals’ Midweek Memo, host Mike Maharrey recalls those playground disputes where challenges were met with the retort, "Oh yeah? What are you going to do about it?!" This question isn't merely child's play; it's fundamentally about accountability. If one...

An Unusual Dynamic: Gold and Treasury Yields Rising Together

(Mike Maharrey, Money Metals News Service) Gold broke another intraday record on Monday. This continues the gold bull run that has been ongoing for several weeks. But there is something else happening that’s quite unusual. Treasury bond yields are also rising. As gold was setting records on Monday, yields on the long...

California Fast-Food Workers to Make $20 an Hour on Monday

(Headline USA) Most fast-food workers in California will be paid at least $20 an hour beginning Monday when a new law is scheduled to kick in threatening to raise prices in a state already infamous for its high cost of living. Democrats in the state Legislature passed the law last...

Fiscal Collapse Accelerates

(Peter St. Onge, Money Metals News Service) In case you thought anybody in Washington was driving this thing, they are not.  It’s official: the Department of Treasury is now issuing debt at pandemic levels. It’s worth noting the pandemic record was double the previous record, which had stood for 231...

Study Finds Sharp Decline in NYC Residents Wanting to Stay Long-Term

(Matthew Doarnberger, Headline USA) A recent survey conducted by the Citizens Budget Commission revealed that only half of the respondents in New York City desire to stay there for the next five years. This was a decline from over 58% who said they planned to stay in the city for...

Eric Trump: Bond Companies ‘Laughing’ at $464M Judgment Demand

(Luis Cornelio, Headline USA) Eric Trump revealed that the lenders he approached for the bond in the Trump Organization civil case found the requested amount by the Manhattan judge ridiculously excessive, prompting laughter.  Speaking on the latest edition of Fox News’s Sunday Morning Futures, Eric Trump criticized the $464 million civil...

Baltimore Sells Abandoned Houses for $1 to Revitalize Neighborhoods

(Jacob Bruns, Headline USA) The city of Baltimore, Maryland, is seeking to sell off some of the vacant, city-owned row houses for as little as $1 a piece in a last-ditch attempt to revitalize its crumbling, once-historic neighborhoods, the Baltimore Sun reported. The proposal, backed by Mayor Brandon Scott, includes...

Sports Illustrated to Continue after Agreement Reached w/ New Publisher

(Headline USA) Sports Illustrated will continue operations after the company that owns the brand agreed with a new publisher for its print and digital products. Minute Media took over on Monday after reaching a licensing agreement with Authentic Brands Group. On Jan. 19, Authentic announced that it was revoking the...
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