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With newly elected President Trump promoting Bitcoin and crypto, we need to understand the complete Disaster and fiasco in the Bitcoin Mining Industry. No other industry in the world loses money and destroys capital as the Bitcoin Mining Industry...
Gold retreats from record highs but fundamentals remain strong. Expert analysis of market dynamics and institutional forecasts...
President-elect Trump's tax cut dreams have received a significant boost following the Republican sweep of the presidency and Congress. This victory opens the door for a multi-pronged approach to reducing taxes, going beyond simply renewing the 2017 cuts. While Republicans now have the power to enact tax legislation unilaterally, they must navigate internal debates about the size of tax cuts and their impact on the national deficit.
In recent remarks, Fed Chair Jerome Powell stressed that the robust U.S. economy provides flexibility in the timing of future rate cuts. He noted that the current economic conditions don't necessitate hasty rate reductions. Powell reaffirmed the Fed's commitment to bringing inflation down to 2%, acknowledging that the path may not always be smooth.
While economists predict significant economic disruption from Trump's proposed tariffs, many business leaders are less concerned. CEOs and investors are skeptical that Trump will follow through on all his tariff threats and express confidence in their ability to navigate any new trade policies. This optimism stands in stark contrast to economists' dire predictions.
October's retail sales data showed a 0.4% increase, surpassing forecasts and indicating continued consumer spending strength. The report also revealed a substantial upward revision to September's sales, further highlighting the robust state of consumer spending.
The latest Consumer Price Index (CPI) report shows U.S. inflation rose to 2.6% year-over-year in October, up from 2.4% in September. This increase breaks the recent trend of cooling inflation. Monthly inflation remained steady at 0.2%, while core inflation measures held stable.
"Expect the Unexpected" Post-Election Market Moves: What It Means for Gold, Silver & BitcoinNov 14, 2024 - 12:48:10 EST
Dive into this insightful conversation with Mike Maloney and Alan Hibbard as they explore how the latest U.S. election might impact gold, silver
Wall Street remained cautious on Thursday, with major indices showing slight declines. Investors focused on Federal Reserve Chair Jerome Powell's upcoming speech and the potential economic impact of Republican control in DC, while recent inflation data continued to fuel hopes for a December rate cut.
China has prepared robust countermeasures to retaliate against US companies if Donald Trump reignites a trade war upon his return to the presidency. Unlike in 2016, Beijing now has new laws and tools at its disposal, including the ability to blacklist foreign companies, impose sanctions, and restrict access to crucial supply chains. While China's economic vulnerabilities persist, it is better equipped to defend its interests in a potential trade conflict.
China's recent issuance of $2 billion in US dollar bonds in Saudi Arabia highlights the enduring appeal of the dollar in international finance, despite calls for de-dollarization. The move strengthens China-Saudi ties and provides benchmarks for Chinese companies, while also demonstrating the dollar's continued dominance in global markets.
SRSROCCO BITCOIN-TETHER POST BLEW UP ON TWITTER: I Received Over 300,000 Views On This PostNovember 14, 2024
WOW!! The past 24 hours have been a whirlwind. After I spent the past several days researching Bitcoin & Tether, I published a post on Twitter-X that BLEW UP and received nearly a third of a million views. It's critical to understand Bitcoin because it is competing with the precious metals...
UBS remains bullish on gold, advising investors to buy on dips around $2,600/oz with a $2,900/oz target over the next 12 months. The bank emphasizes gold's enduring value as a hedge against economic uncertainties and recommends a 5% allocation in balanced portfolios, citing factors such as central bank demand, potential US fiscal deficits, and ongoing geopolitical tensions as supportive of gold prices.
Nov 13, 2024 - 09:22:21 EST
Gold prices are responding to a perfect storm of economic and political factors. The Fed's recent rate cut to 4.5%-4.75%, Trump's election victory, and China's economic stimulus measures are all influencing the precious metal's value. In this episode of Unearthed, hosts John Reade and Joe Cavatoni discuss the latest news and events and how they impact the gold markets.
Treasury Yields Climb Post-Trump Win, Experts Warn of Inflationary PressuresNov 13, 2024 - 09:17:45 EST
Bond market experts are adjusting their forecasts following Trump's presidential win, with concerns about inflation driving expectations for higher long-term Treasury yields. The 10-year Treasury yield has jumped since the election, as Trump's proposed policies could substantially increase U.S. debt. This development, alongside robust economic indicators, has led to a reassessment of the Federal Reserve's rate cut plans and market predictions for future monetary policy.
Federal Reserve Chair Jerome Powell maintains that long-term inflation expectations are "well anchored," but recent data and expert opinions suggest otherwise. Consumer expectations for inflation over the next 5-10 years have risen, and economists predict that President-elect Trump's policies may further boost inflation. Companies are already warning of price increases, and many Americans continue to feel the strain of high prices.
Gold prices have stabilized around $2,600 after finding support at a major trendline, halting a short-term downtrend. The recent US CPI data, which aligned with expectations, had minimal impact on gold prices. The precious metal's November sell-off was influenced by expectations of elevated US interest rates and significant outflows from Gold ETFs.
Shocking Truth: "The Monetary System Controls Us, Not Politics!" Mike MaloneyNov 12, 2024 - 13:07:26 EST
In this eye-opening discussion, Mike Maloney and Alan Hibbard dive deep into how the monetary system—not which party is in power—shapes our economic
Nov 12, 2024 - 11:38:44 EST
The Federal Reserve may implement fewer interest rate cuts in 2025 than previously anticipated due to President-elect Donald Trump's proposed tariff policies. Former Fed policymaker Loretta Mester believes the market is correct in adjusting its expectations, as Trump's fiscal plans could impact the pace of rate cuts and potentially lead to higher inflation.
Nov 12, 2024 - 11:35:26 EST
In the wake of Donald Trump's election win, U.S. Treasury yields experienced a significant uptick, reflecting market concerns about future inflation and interest rate trajectories. The 10-year and 2-year Treasury yields both rose by over 8 basis points, reaching 4.39% and 4.334% respectively. Investors are now closely monitoring upcoming economic data and Federal Reserve statements to gauge the potential long-term effects of Trump's proposed policies on the economy.