Replacing with tariffs what the government raises from income taxes may require raising tariffs even higher than President Trump’s “liberation” tariffs.
BM: Now we’re in a correction for gold right now, but the amazing thing is that three weeks ago gold went up $300 in three days, and it’s only down $250 in two weeks.
You can’t base a policy on four contradictory premises and expect the system to stay stable. Yet that’s exactly what’s happening – not just in the U.S., but around the world.
Looking at the most recent soft data, I found myself consulting the thesaurus for a stronger word. Spongy? Limp? Squishy? Weak? Those all better fit what I see in business surveys and talking to my own contacts.
Even with the surging interest in ETFs, Chinese investors continue to gobble up physical metal. Gold bar and coin sales surged 12 percent to 124 tonnes in the first quarter.
