(Mike Maharrey, Money Metals Exchange) The Consumer Price Index for December came in hotter than expected but it’s a lot lower than it was a year ago. That means inflation is decreasing, right?
Not so fast.
It’s important to understand that the term “inflation” as bandied about by government people and...
(Mike Maharrey, Money Metals Exchange) Just one quarter into fiscal 2024, the federal government has already run a budget deficit of over half a trillion dollars.
The December budget shortfall came in at $129.37 billion, according to the latest Monthly Treasury Statement. That drove the 2024 deficit to $509.94 billion....
(Headline USA) The Federal Aviation Administration will begin auditing Boeing's aircraft production and increase oversight of the troubled manufacturer after a panel blew off a jetliner in midflight last week, the last in a string of mishaps for its marquee aircraft.
The agency's move comes just a day after it announced an investigation...
(Luis Cornelio, Headline USA) The Biden-led Environmental Protection Agency failed to accurately disclose its taxpayer-funded grants in fiscal year 2022, raising concern about transparency on its spending, a scathing report found.
First reported by the Daily Caller on Thursday, the EPA's Office of the Inspector General exposed the Biden agency's failure...
(Headline USA) Online retailer eBay Inc. will pay a $3 million fine to resolve criminal charges over a harassment campaign waged by employees who sent live spiders, cockroaches and other disturbing items to the home of a Massachusetts couple, according to court papers filed Thursday.
The Justice Department charged eBay with stalking, witness tampering and...
(Casey Harper, The Center Square) Consumer costs increased at an elevated level again in December, according to newly released federal economic data, raising new concerns about spiking inflation.
The U.S. Bureau of Labor Statistics on Thursday released the Consumer Price Index, a key marker of inflation, showing the cost of a...
(Mike Maharrey, Money Metals Exchange) There were more corporate bankruptcies in 2023 than there were during the pandemic of 2020.
Higher interest rates and massive levels of corporate debt drove the flurry of business failures last year.
There were 642 corporate bankruptcy filings in the U.S. in 2023, according to S&P...
(Mike Maharrey, Money Metals Exchange) No matter what you read about the December Consumer Price Index (CPI) data, you should keep one important fact top of mind: every number is far above the Federal Reserve's 2 percent target.
Given that fact, it would seem the death of price inflation seems...
(Headline USA) The Biden administration confirmed this week that it has launched an investigation into Rumble, a free speech video platform that has rejected Big Tech censorship.
The Securities and Exchange Commission told leftist magazine Wired on Monday that it does have an active probe into Rumble, though it would not...
(Mike Maharrey, Money Metals Exchange) Like many, I once owned a Plymouth Neon. It seemed perfectly fine - looked good, sounded good, and got me from point A to B. But beneath its exterior, it had a critical flaw: a non-functional radiator fan.
This problem, while not apparent in...
(Mike Maharrey, Money Metals Exchange) Gold has outperformed both stocks and bonds since the turn of the century.
Gold was among the best-performing assets of 2023.
According to analysis by the World Gold Council, gold outperformed emerging market stocks, U.S. bonds, the U.S. dollar, global treasuries, and commodities in general. The...
(Clint Siegner, Money Metals Exchange) The outlook for pension systems is growing increasingly dire. Promises made to retirees have been generous and they can only be kept if prices for all kinds of assets move consistently higher.
The trouble is that the past three years don’t look like the first...