Flight Into Dollar Intensifies

3 days 6 hours ago
It was a mixed week for precious metals, starting with a promising rally and a bear squeeze particularly noticeable in silver, before the dollar benefited from a renewed flight out of euros, yen and pounds. Additionally, the Chinese yuan had a torrid week. In this currency turmoil, gold lost $46 from last Friday’s close to trade at $1660 in European trade this morning. Silver was almost unchanged at $18.89.

ALERT: The ALMOST Everything Bubble Set to Explode

3 days 7 hours ago
In today’s video, let’s hear how Mike Maloney sees the economic emergency playing out:“Every time they have tried to contract the currency supply, raise interest rates…do Quantitative Tightening, the markets have thrown some sort of fit. Whether it’s the bond market, or bank liquidity drying up…every time they try weaning the markets off of this artificial life support there’s some kind of tantrum that happens. The next one is going to be some kind of big crash and that is finally when the Fed will pivot. They aren’t anticipatory, they are reactionary.

Two Easy Predictions: Wealth Tax and Windfall Tax

3 days 8 hours ago
Predictions are hard, especially about the future, but two predictions are easy: 1) governments that do not yet impose wealth taxes will do so within the next five years and 2) governments will impose windfall taxes on all outsized unearned gains, from any source, anywhere on the planet.

Mortgage Rates Reach Highest Since August 2007

3 days 9 hours ago
Mortgage rates moved higher again this week, with the 30-year fixed-rate averaging 6.29%, up from 6.02% last week, Freddie Mac said. A year ago at this time, the 30-year FRM averaged 2.88%. That’s the highest since August 2007, a year before a crash in the housing market triggered the Great Recession.
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5 hours 14 minutes ago
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