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Monday, November 25, 2024

FINANCE

BLUNDER: Miners Are Dumping Every Single Ounce They Produce

(Stefan Gleason, Money Metals News Service) On an annual basis, global silver supply generated by mines seems to have run into a ceiling of about 1 billion ounces. Supply has essentially flat-lined over the past several years. At the same time, explosive growth in demand from photovoltaics (solar panels) and...

AI Chatbots Writing Crime Reports May Revolutionize Policing, but Concerns Abound

(Headline USA) A body camera captured every word and bark uttered as police Sgt. Matt Gilmore and his K-9 dog, Gunner, searched for a group of suspects for nearly an hour. Normally, the Oklahoma City police sergeant would grab his laptop and spend another 30 to 45 minutes writing up...

Prices Drop after Argentina’s Free-Market President Repeals Rent Control

(Matthew Doarnberger, Headline USA) The price of rent in Argentina has dropped significantly following the repeal of its rent-control law, as noted in a recent editorial by the Las Vegas Review--Journal. After Argentinian President Javier Milei signed a bill ending rent control throughout the country in December 2023, the results...

How Inflation Hurts Even at the Municipal Level

(T.A. DeFeo, The Center Square) Inflation and higher construction costs are affecting municipal projects nationwide. Case in point: A typical parking lot project in downtown Smyrna. Like many cities, officials in the Atlanta suburb say they need more parking in the downtown area. "We had originally planned for a parking deck...

Are Job Prospects Deteriorating Faster than Previously Thought?

(Orphe Divonguy, The Center Square) – Last week’s data showed that the U.S. economy continues to defy expectations, though the data remains mixed at best. While many leading indicators have been flashing red for most of the past two years, the lagging data has often been revised upwards. For instance,...

Far-Left Chicago Mayor Admits City Faces $1B Deficit in 2025 Budget

(Dmytro “Henry” Aleksandrov, Headline USA) Chicago Mayor Brandon Johnson recently announced that the far-left city can expect a $982 million deficit for its 2025 budget, almost double what it was for his first year in office. The Post Millennial reported that Johnson blamed the shortfall on higher spending on...

U.S. Contributed to Creation of Over 1,000 Patents for Chinese Entities

(Dmytro “Henry” Aleksandrov, Headline USA) It was revealed that U.S. government agencies have funded research for more than a decade, which resulted in the creation of 1,020 U.S. patents for China-based entities. The Daily Caller reported that the American government granted patents in semiconductors, chemical engineering, nanotechnology and biotechnology. The...

Understanding the Global Precious Metals Market: Insights from Philip Newman, Managing Director of Metals Focus

(Money Metals News Service) In a recent episode of the Money Metals podcast, host Mike Maharrey sat down with Philip Newman, Managing Director of Metals Focus, to delve into the current state of the global precious metals market. Newman, with nearly three decades of experience in the field, provided a...

I’m Not Impressed! Fed Balance Sheet Reduction in Context

(Mike Maharrey, Money Metals News Service) I ran across a post on X by financial planner Charlie Bilello about the trajectory of the Federal Reserve balance sheet. It pointed out that the balance sheet is 20 percent below its April 2022 peak, “the largest drawdown on record.” This struck me...

Central Banks Fuel Gold Rally While Western Investors Sit Out

(Mike Gleason, Money Metals News Service) As trading wraps up for the month of August, the gold market is set to record its highest-ever monthly closing price. Gold defied expectations, in some circles, of a summer slump. The question seems to be how high the monetary metal will go heading...

Jen Psaki and Don Lemon Peeved that Black Voters Support Trump

(Headline USA) MSNBC host Jen Psaki appeared shocked this week when former CNN host Don Lemon told her many black voters he’s talked to said they plan to back former President Donald Trump in November, Mediaite reported. Psaki, who previously served as President Joe Biden's press secretary, asked Lemon about his...

Silver Saving Honey Bees and Other Silver News

(Mike Maharrey, Money Metals News Service) Silver is an important element in the quest to save dying honey bee colonies, according to the latest edition of the Silver Institute's Silver News. There has been a worldwide collapse of bee hives in recent years. In the U.S. alone, beekeepers lost hundreds...
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