Economy
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Stocks Plummet: Following California, US Job Report Triggers Recession Indicator
(Kenneth Schrupp, The Center Square) The United States triggered a highly accurate recession indicator as recession fears led to the largest stock selloff since December 2022. California, the nation’s largest economy, triggered the same indicator in late 2023. On the morning of August 2, the United States published unemployment data for July showing a sharp…
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When Will the Fed “Normalize” Interest Rates? This Is Normal!
(Mike Maharrey, Money Metals News Service) A drug addict constantly needs more drug to get the same effect. The U.S. economy is addicted to easy money, and it needs more and more of this drug to maintain the high. The problem with this scenario is eventually the addict overdoses. This Is Normal During its July…
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Stocks Get Slammed on Bad Economic News, Gold Remains Buoyant
(Mike Gleason, Money Metals News Service) As the national debt soars to yet another new milestone, gold prices are ascending toward a new record of their own. The official debt held by the public has just ticked past the $35 trillion mark. Of course, with all the billions and trillions being spent by the government…
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Money Metals Podcast: Michael Pento’s Insights on Economic Outlook and Investment Strategies
(Money Metals News Service) In a recent episode of the Money Metals podcast, host Mike Maharrey sat down with Michael Pento, the president and founder of Pento Portfolio Strategies (PPS), to discuss the current state of the economy, the precious metals market, and effective investment strategies. Pento, who boasts over three decades of experience in…
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Intel Plans to Cut 15K Jobs, Despite Taking Nearly $20B in Biden Bucks
(Headline USA) Chipmaker Intel says it is cutting 15% of its huge workforce—about 15,000 jobs—as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD. In a memo to staff, Intel Corp. CEO Pat Gelsinger said Thursday the company plans to save $10 billion in 2025. “Simply put,…
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Federal Reserve Poised to Surrender to Inflation
(Mike Maharrey, Money Metals News Service) The Federal Reserve unfurled the white flag during the July FOMC meeting and set the stage to surrender to inflation. That may seem like an odd way to frame the messaging that came out of the most recent Fed meeting, but surrender is exactly what Powell & Company are…
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Trump Faces Hostile Panel at National Association of Black Journalists
(Elias Irizarry, Headline USA) Former President Donald Trump clashed with a hostile interviewer during a tense 40-minute discussion at the National Association of Black Journalists’ annual convention in Chicago on Wednesday. Trump took part in the panel—moderated by Fox News’s Harris Faulkner, ABC News’s Rachel Scott and Semafor’s Kadia Goba—to address “the most pressing issues…
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Money Metals Midweek Memo: Market Insights and Economic Commentary
(Money Metals News Service) In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey offers an in-depth look at the economy, emphasizing the importance of understanding the underlying factors that drive market trends and economic conditions. Maharrey draws an analogy to football, suggesting that just as casual fans may miss crucial plays…
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Fed’s First Interest-Rate Cut in 4 Years Likely on Horizon as Election Day Approaches
(Headline USA) With the end of their two-year fight against inflation in sight, Federal Reserve officials were likely Wednesday to set the stage for the first cut to their key interest rate in four years—a major shift in policy that could eventually lower borrowing costs for U.S. consumers and businesses. The move may also be…
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Trump Releases New Ad about ‘Dangerously Liberal’ Kamala Harris
(Dmytro “Henry” Aleksandrov, Headline USA) The Trump campaign released a new ad in which it criticized Kamala Harris, calling her “failed, weak, and dangerously liberal.” New Trump campaign ad Kamala Harris is Failed, Weak and Dangerously Liberal pic.twitter.com/4mO4DWY9Sh — Alex Bruesewitz 🇺🇸 (@alexbruesewitz) July 30, 2024 The ad’s focus was the disastrous immigration policy of…
