The DOGE Days
Image Source: PexelsGold closed this week at $2,655 (down $60 since last week) and silver at $30.65 (down $0.70). Joel discusses troubling retail sales, Musk’s meteoric rise and the department of government efficiency (DOGE). OTHER TOPICS DISCUSSED-FedWatch predicts 66% chance of rate cut December 18.-U.S. GDP grew 2.8% quarter-over-quarter, meeting expectations.-October new home sales fell below […]
Gold In 60 Seconds (IV)
Saluti dalla Toscana! As indicated a week ago, our missive this time ’round is a brief read, but to the point; (our usual month-end graphics content shall instead be to-date in a week’s time).Gold settled the abbreviated trading week yesterday (Friday) at 2674, -128 points below its All-Time High of 2802 (30 October).But price’s points volatility is […]
Eurozone Inflation Ticks Up, But ‘Core’ Is Stable
Image Source: PixabayWe expected November’s data to show an increase in headline inflation because of base effects, but some upward pressure from input prices is starting to become more pressing. Commodity prices, such as food and natural gas, have been on the rise again, which is starting to impact headline inflation, although that impact is fairly modest […]
Rate Cuts To Slow Down In 2025? ETFs To Add To Your Portfolio
Image Source: PixabayGrowing uncertainty around President-elect Trump’s economic proposals and their impact on inflation has led the market to increase bets on the Fed adopting a more gradual pace of interest rate cuts in 2025, opting for a cautious approach.Many economists warn that Trump’s primary campaign promises to impose new tariffs and initiate a “mass deportation” […]
Central Bank Of Russia Telegram Account: “Everything Will Be Fine”
Image Source: PexelsI’m taking the WSJ’s word for it, from the article “Russia’s War Economy Shows New Cracks After the Ruble Plunges”. The Russian economy, surprisingly resilient through two-plus years of war and sanctions, has suddenly begun to show serious strains. The ruble is plunging. Inflation is soaring, and President Vladimir Putin told the Russian people this week that there […]
The Market Is Running At An Extreme Maximum
Image Source: PixabayThis will be a full week of trading with significant market-moving economic data on the agenda. It begins Monday with the ISM Manufacturing report and concludes Friday with the Jobs report. However, this data is likely to have a greater impact on the dollar and interest rates than on the stock market. RATES Rates […]
Designing An Industry Subsidy: Repayable Advances?
Image Source: PexelsIf the government is considering an industrial policy to subsidize a certain industry (for example, as the US is subsidizing domestic semiconductor manufacturing), what’s the best way to do it? I am not typically a fan of such subsidies, but it’s possible to make an economic case that for certain industries that provide social as […]
Critics… Critics Everywhere
Image Source: PexelsThis week, I received a pretty interesting letter from a non-reader critiquing a piece of content I’d written about six months ago.“You don’t seem to understand how the monetary system works…” it leads.Oh… do go on… with an introduction like that.What followed was a near regurgitation of the core parts of several financial, monetary policy, and […]
Majority Will Rely On Financing For Black-Friday/Cyber-Monday Despite Discounts
Image Source: PixabayMillennials are the most likely among the four generations to resort to financing with credit cards or Buy Now, Pay Later (BNPL) schemes for this year’s Black Friday and Cyber Monday purchases, while only 55 percent of Baby Boomers will likely resort to these tactics to take full advantage of discounts offered by e-commerce platforms and retailers.This data stems […]
How Much Has The Price Level Risen For Consumers? Seven Measures
Image Source: PexelsThe conventionally used CPI-U is in the middle of the pack.Figure 1: CPI-urban (bold black), CPI-wage earners and clerical (purple), CPI for 2nd income quintile (pink), chained CPI (tan), HICP (light blue), Everyday Price Index (EPI) (green), all not seasonally adjusted, and PCE deflator – market facing, seasonally adjusted (pink), all in logs 2020M01=0. NBER […]
