Analysts say record gold prices in the fall dampened Chinese demand. With prices moderating late in the year, the Chinese have apparently returned to the table.
Americans are rightly furious that President Biden has sent as much as $200 billion to fund Ukraine’s futile war with Russia, but where did Biden get that money? From Congress.
Maharrey spoke with Michael Pento, a noted economist, portfolio strategist, and author, to dissect the Federal Reserve's actions, inflation concerns, and the burgeoning U.S. debt crisis.
What has changed is only that the highest government officials now regularly lie about gold and that the most important financial news organizations now refuse to ask critical questions.
The big leaders in Tech are taking the market down the most, but breadth, as one article points out, is also terrible, with most of the market now collapsing.
Rising yields not only signal investors have bought into the “soft landing,” strong economy mantra, but they also expose a couple of significant concerns.
Murray says the war showed that “the economy could be cartelized under the aegis of government, with prices raised and production fixed and restricted, in the classic pattern of monopoly.”
The economy appears to be plugging right along, but there are some foul currents running under the surface that should raise concern as we move into 2025.
