February 21, 2024Mortgage Markets Shudder as Interest Rates Soar Past 7%Mortgage demand is dropping as interest rates breached the 7% threshold, marking a significant setback for prospective homebuyers and refinancers alike. Last week witnessed a sharp 10.6% drop in total application volume, as reported by the Mortgage Bankers Association, driven by the steepest interest rate spike since early December. The average rate for a 30-year […] READ MORE February 21, 2024The Largest Gold Reserves by Country VisualizedGold, known for its enduring value and role as a financial safety net, has once again proven its mettle amid fluctuating U.S. interest rates and persistent geopolitical tensions, reaching new heights in December 2023. A graphic created by Sam Parker, utilizing comprehensive data from authoritative sources like Central Banks, the Federal Reserve Bank of St. […] READ MORE February 21, 2024Asda Report Highlights Significant Rise in British Families' Disposable IncomesIn the UK, households are experiencing an increase in disposable income, reaching a nearly two-year high, according to a survey published by the supermarket chain Asda. The report indicates that the average UK household’s disposable income rose by 6.1% year-on-year to £230 ($182) per week last month, marking the highest level since March 2022. This […] READ MORE February 21, 2024Barkin Admits January's Sticky Inflation Rates Complicate Fed's Path ForwardJanuary’s inflation data has intensified the complexity of upcoming interest rate decisions for the U.S. Federal Reserve, according to Richmond Fed President Thomas Barkin. In a recent interview, Barkin highlighted the persistent issue of inflation, particularly noting the sustained inflation in shelter and services despite a general slowdown in goods prices. While he expressed caution […] READ MORE February 21, 2024The Day the Hunt Brothers Capped the Price of GoldWe’re sharing some little-known facts about the two brothers who attempted to corner the silver market from our very own Mike Maloney. READ MORE February 20, 2024How Productivity Gains Could Shape the Fed's Inflation BattleThe Federal Reserve’s journey towards achieving a ‘soft landing’ for the economy may be bolstered by a remarkable surge in productivity witnessed in the post-Covid era. Wall Street economists are optimistic that the trend of high productivity growth, which has seen an average increase of 3.9% over the last three quarters — a rate more […] READ MORE February 20, 2024Household Debt Climbs but Economy Shows Signs of Robust GrowthIn January 2024, U.S. retail and food service sales saw a modest increase to $700.3 billion, marking a 0.6% rise from the previous year, according to Census Bureau data. This uptick in consumer spending has contributed to a significant rise in household debt, reaching $17.5 trillion in the fourth quarter of 2023, as reported by […] READ MORE February 20, 2024Gold Clings to Stability Amid High Interest Rate FearsGold prices have remained relatively stable in recent trading sessions, dropping below $2,000/oz briefly, before climbing back above $2,030/oz. Despite a U.S. market holiday contributing to limited trading cues, gold has shown resilience, bouncing back from a two-month low to hover around the $2,000 to $2,050 an ounce mark through much of 2024. This stability […] READ MORE February 20, 2024The Scene of THE CRIMEMike calls it the greatest theft in human history. READ MORE « Previous 1 … 20 21 22 23 24 … 50 Next »
