In December, the price producers put on their products rose 0.5 percent, more than double November’s 0.2-percent increase and the largest monthly jump since July.
Tag: U.S. Economy
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ECONOMIC UPDATE – MARKET OVERVIEW
As the old saying goes, what goes up must come down. And as Gerald Celente has warned on recent podcasts, the meteoric rise of gold, and especially silver, had parabolic growth that was unsustainable, and sooner, rather than later, the precious metals would come back to a stable balance.
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WEALTH INEQUALITY IS NOW EMBEDDED IN U.S. ECONOMY
The financial distance between the richest and poorest Americans is continuing to widen and economists see nothing that will stop the trend, according to a new analysis by CNBC.
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USA: ’THE WORST JOB MARKET I’VE EVER SEEN’
Job opportunities for economists, especially young ones looking for a foothold in the profession, are the worst in years, The Wall Street Journal reported.
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U.S. GOVERNMENT BUYS 16 MILLION SHARES OF RARE MINERALS COMPANY
The Trump administration has issued a letter of intent to provide a $1.3-billion loan and $277 million in financing to USA Rare Earth, an Oklahoma company that mines rare earth minerals and uses them to produce high-tech magnets for the aerospace, defense, electric vehicle, and electronics industries.
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IN SURPRISE REVERSAL, HOME SELLERS OUTNUMBER BUYERS
After more than three years in which desperate home buyers bid up the prices of the near-historically low number of homes for sale, in December, there were about 45 percent more households trying to sell their houses than people who bought homes, despite mortgage interest rates falling to their lowest in about three years.
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ECONOMIC UPDATE – MARKET OVERVIEW
Today gold prices spiked $173, selling at $5,180 per ounce and silver went up $8.31 selling at $112.09 per ounce.
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SPECIAL REPORT: GOLD, SILVER SET PRICE RECORDS
As Trends Journal subscribers will know, we called the bottom of gold in September 2023 when it was selling at $1,850 per ounce.
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SPOTLIGHT: TROUBLES WORSEN FOR THE LUXURY INDUSTRY
Saks Global, the retail conglomerate that owns high-end store chains Saks Fifth Avenue, Bergdorf Goodman, and Neiman Marcus, has filed for Chapter 11 bankruptcy after being unable to make a $100-million interest payment to bondholders last month on $5 billion worth of debt.
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WALL STREET JUMPS INTO THE BETTING INDUSTRY
With betting now legal on everything from sports events to whether it will rain in Tulsa on Tuesday, Wall Street wants in.