The goldilocks jobs report sent a thrill down the leg of investors as the financial markets recorded an exceptional rally. All of the leading benchmark indexes were up more than one percent. The metals markets rallied, energy commodities posted gains, and crypto enjoyed a boost. Why? The U.S. economy added 223,000 new jobs in December, […]
Money
Federal Reserve Bank of St. Louis accidentally admits U.S. is in a recession
The consensus everywhere is that the United States will slip into a recession. Although economists and market analysts say the U.S. is bracing for an economic downturn, most Americans think the nation is already in a recession, according to a Politico-Morning Consult poll. Who else shares this opinion? The Federal Reserve Bank of St. Louis. […]
Central banks purchased 400 tons of gold in first nine months of 2022
Are central banks preparing for the end of times? It certainly looks like it, as net purchases in the first nine months of 2022 doubled from the same period in the previous year. Here is a chart courtesy of Metals Focus, which compiled data from Bloomberg and U.S. Global Investors:
Andrew Tate and his brother, Tristan, arrested in Romania
Andrew Tate and his brother, Tristan, were arrested on Thursday at their home in Romania. Tate, who turned into an internet sensation overnight because he was deplatformed, has been accused of human trafficking. More details will be coming out, but there was always something wrong with this man. He keeps talking about the matrix and […]
Cash was the most desired gift for Christmas this year: data
Many might frown at the concept of giving cash as a gift for Christmas. But this is nonsense. Cash is the greatest present you can gift because the utility is determined by the recipient rather than the giver. So, instead of giving someone a $50 Christmas sweater, the recipient can choose what to do with […]