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Florida’s Housing Market Sees Price Drop AmidInsurance Crisis

The number of "motivated sellers" in Florida has grown in the past two weeks, as more homeowners are trying to offload their properties quickly amidst a worsening of the state's insurance crisis.   As of Wednesday morning, 204,833 properties, including single-family and multi-family homes, apartments, condos, townhomes, and lots, were listed for sale on Zillow. [...] READ MORE

US Consumers Feel the Pinch as Inflation ConcernsLinger

Black Friday shoppers walk to stores as retailers compete to attract shoppers and try to maintain margins on Black Friday, one of the busiest shopping days of the year, at Woodbury Common Premium Outlets in Central Valley, New York, U.S. November 24, 2023. REUTERS/Vincent Alban Purchase Licensing Rights LONDON, March 15 (Reuters) - High prices [...] READ MORE

Yellen Says She Regrets Saying Inflation Was‘Transitory’

Treasury Secretary Janet Yellen said she regrets describing inflation in 2021 as “transitory,” the term several Federal Reserve and Biden administration officials used to describe the pandemic-induced price surges they initially thought would be temporary.   “I regret saying it was transitory. It has come down. But I think transitory means a few weeks or [...] READ MORE

Fed Seen Sticking With Three 2024 Cuts Despite Higher Inflation

Growth and inflation projections may edge higher this month Economists expect tapering of balance sheet to start mid-year A recent pickup in inflation isn’t likely to shift Federal Reserve policymakers’ forecasts for three interest-rate cuts this year and four in 2025, according to economists surveyed by Bloomberg News.   The Federal Open Market Committee will [...] READ MORE

Goldman’s CEO Says He’s Optimistic About 2024 as Markets Rebound

(Bloomberg) -- Goldman Sachs Group Inc. Chief Executive Officer David Solomon said he’s optimistic about this year as his firm expects to reap gains from a rebound in capital-markets activity.   The bank will focus on its two core businesses, global banking and markets, as well as asset- and wealth-management, Solomon said in his annual [...] READ MORE

Bank of Japan Eyes Policy Shift: Ending NegativeRates

People walk in front of the Bank of Japan building in Tokyo, Japan January 23, 2024. REUTERS/Kim Kyung-Hoon/File Photo Purchase Licensing Rights TOKYO, March 14 (Reuters) - The Bank of Japan has started to make arrangements to end its negative interest rate policy at the March 18-19 meeting, Jiji news agency reported on Thursday.   [...] READ MORE

Gold Trades at Record Highs, But Will It Lose Its Shine?

Analysts differ on whether gold’s recent rise can persist. PHOTO: CHRISTOPHER FURLONG/GETTY IMAGES Gold prices have surged to record highs in recent weeks, driven by geopolitical tensions, hopes for rate cuts, and a spike in algorithm-driven trading. Now, the question for investors is whether rising prices can persist.   Gold futures were most recently trading [...] READ MORE

Gold’s Rally to $2,195: A Sign of What’s to Come

Gold's journey has hit a new milestone, soaring to an all-time high of $2,195 this week.   However, gold's past isn't without its shadows. There have been periods, even in the U.S., where owning gold was more than just frowned upon — it was outlawed. In this week's Nuggets, we'll dive into these historical moments [...] READ MORE

How doomsday preppers made gold and silver precious end-of-the-world assets

KEY POINTS The precious metals gold and silver are favorite stores of value for doomsday preppers, along with food and water. Costco added silver coins for sale as the retail warehouse giant saw sales of gold bars top $100 million in the first fiscal quarter. “Lots of people are more confident that a massive disaster [...] READ MORE