by admin | Mar 9, 2023 | Commodity
Crude oil traded in a tight range on Thursday morning as China (a major crude oil consumer) came out with its consumer price index (CPI) and producer price index (PPI) numbers. Meanwhile, crude oil inventories in the US, another major consumer, fell during the week...
by admin | Mar 8, 2023 | Commodity
(Reuters) – Gold steadied on Wednesday after shedding nearly 2% in the previous session on an elevated dollar, with demand for the non-yielding asset blunted by Federal Reserve Chair Jerome Powell signalling more rate hikes.FILE PHOTO: An employee casts ingots...
by admin | Mar 8, 2023 | Commodity
Despite common assertions to the contrary, government spending does not necessarily cause inflation. Whether it does so depends on the willingness of the monetary authority to help finance the government spending by printing money. Inflationary finance, or...
by admin | Mar 8, 2023 | Commodity
Hotter-than-expected inflation has rekindled fears about a wage-price spiral. Writing in the Wall Street Journal, Jason Furman argues the Fed should tighten even faster. The economy’s “underlying inflation” is due to “extremely tight labor markets,” he writes....
by admin | Mar 8, 2023 | Commodity
By Graham Summers, MBA The U.S. is heading towards a debt crisis. It’s been heading towards one for years… but the massive rise in Treasury yields may finally be the match that lights the fuse. I’ve written extensively about the rise in Treasury yields over the last...
by admin | Mar 8, 2023 | Commodity
One day after President Biden proposed raising taxes on high-earning Americans to keep Medicare afloat, the Washington Post reports that Biden is now expected to float a 5.2 percent pay raise for federal employees, the largest salary boost since Jimmy Carter was...
