The short of it is that the Fed either wins inflation but drives us deep into recession, or it rushes to bail out a collapsing economy but lights inflation fully back on fire again.
De-dollarization in Tanzania won’t impact the U.S. dollar's trajectory much, but it highlights a global trend of more countries moving away from the greenback.
Military spending growth seems unlimited. Why does it seem the Pentagon is far better at spending money than actually putting together a successful operation?
Through the first seven months of fiscal 2024, the federal government has blown through a staggering $4.49 trillion. That's up 8 percent over the same period last year.
If much of the world continues to slowly sink into recession, then oil demand may fall in the summer for reasons having little to do with changes in travel.
All this points to one outcome for copper: higher prices. With the Cobre Panama shutdown, a major strike in Peru, and production issues in Chile, supply concerns are escalating.
Those who believe inflation is headed lower could be in for a nasty surprise -- one that gets delivered by strained commodities markets in the months ahead.
