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The inflation problem is not going away, with the Federal Reserve and the European Central Bank doubling down on their calls to keep raising rates amid promises of price stability. The gold market is not taking it well, with prices at risk of falling below $1,900 an ounce in the short term.
The latest macro data out of the U.S. supports more tightening by the Fed. The Conference Board's consumer confidence report surged to 109.7 in June – the best since January 2022. This has pushed recession calls further out, supporting another 25-basis-point hike by the Fed.
Other data included the U.S. durable goods rising more than expected and the new home sales soaring in May.
The CME FedWatch Tool now sees a 77% chance of a 25-bps rate hike in July. ...
I have no idea what is going to happen. I only know what I plan to do about it.If you're looking for a SM crash we had one 3 years ago. Not likely to have another this soon.
Battling inflation.They are NOT battling inflation... they ARE battling to keep their prized monetary system and dollar.
“For the first time ever, six states in the South - Florida, Texas, Georgia, the Carolinas and Tennessee are contributing more to US GDP than the northeast corridor of Washington-New York-Boston…”
Finally.Fckin George Jetson.
Not gonna happen at least in my lifetime.
Holy Crap. And it's electric.
And booze and weed or whatever the kids smoke these days.A handful of these things are fine, but... all sorts of issues arise if we all want to use something like this.
We are bad enough with cars and roads...
Not sure about it being a free world but that puppet isn't leading anything anymore.Leader of the once Free World. WTF.
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