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Producer Price Inflation Hits New Record High, Pricing Pressures Near ’70s Peak
Producer Price Inflation Hits New Record High, Pricing Pressures Near ’70s Peak After CPI’s “transitory”-narrative-busting rebound, analysts expected Producer Prices to accelerate even further into record territory and it did – jumping 0.5% MoM to a new record 8.6% YoY. Bothe prints were modestly below the expected levels (+0.6% MoM and +8.7% YoY respectively)… Source: […]
Here’s Why Modern Unbacked Money Derives Value from Gold
Here’s Why Modern Unbacked Money Derives Value from Gold Photo by Giorgio Trovato This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: The value behind money, why gold’s price has grudgingly responded to recent market turmoil and what higher energy prices mean for gold and […]
Contagion!
Contagion! There has been a litany of bad news recently, including the U.S. August humiliation in Afghanistan, China’s aggressive actions against Taiwan and increased tensions with Iran, North Korea and Russia. It will take the U.S. years, possibly decades, to recover from the debacle of August 2021 and the collapse of American prestige. All of […]
Putin: $100 Oil Is “Quite Possible”
Putin: $100 Oil Is “Quite Possible” It is “quite possible” that the WTI Crude oil prices reach $100 per barrel in light of growing global demand for energy commodities, Russian President Vladimir Putin said on Wednesday Putin: Russia and its allies in the OPEC+ oil producer group want a stable oil market without any shock […]
Now A U.S. Government Official Is Telling Us That The Supply Chain Nightmares Could Potentially Last For Years
Now A U.S. Government Official Is Telling Us That The Supply Chain Nightmares Could Potentially Last For Years The truth is starting to come out, and a lot of people aren’t going to like it. When the supply chain problems and the shortages began, government officials repeatedly assured us that they would just be temporary, […]
Here is The Hidden $150 Trillion Agenda Behind The “Crusade” Against Climate Change
Here is The Hidden $150 Trillion Agenda Behind The “Crusade” Against Climate Change We now live in a world, where bizarro headlines such as the ones below, have become a daily if not hourly occurrence: *TREASURY TO STUDY IMPACT OF CLIMATE ON HOUSEHOLDS, COMMUNITIES *TREASURY LAUNCHES EFFORT ON CLIMATE-RELATED FINANCIAL RISKS *BRAINARD: CLIMATE-SCENARIO ANALYSIS WILL […]
Solving the climate crisis requires the end of capitalism
Solving the climate crisis requires the end of capitalism Overcoming the climate crisis will require a shift away from our growth-based, corporate-dominated global system General view during the Global Climate Strike March on October 02, 2020 in Durban, South Africa. According to media reports, the group demanded that individuals and governments must take stronger action […]
Here’s Why Energy Prices & Shortages Are Going Berserk | Art Berman
Here’s Why Energy Prices & Shortages Are Going Berserk | Art Berman Energy is suddenly headline news. Oil, which traded at negative prices for a brief moment last year due to the global economic slowdown caused by the pandemic, is now expected by a number of analysts to hit $100/barrel soon. Europe is worried about […]
Oil settles up 1.5%; hits multi-year highs on surging demand
Oil settles up 1.5%; hits multi-year highs on surging demand Oil prices surge, adding to global energy crunch BENGALURU, Oct 11 (Reuters) – Oil prices jumped on Monday to the highest levels in years, fuelled by rebounding global demand that has contributed to power and gas shortages in key economies like China. Brent crude rose […]
IMF Issues Global Stagflation Alert: Cuts Global GDP As It Warns Of Rising Inflation And “Dangerous Divergence”
IMF Issues Global Stagflation Alert: Cuts Global GDP As It Warns Of Rising Inflation And “Dangerous Divergence” In its latest World Economic Outlook report published on Tuesday morning, the International Monetary Fund voiced its starkest caution about stagflation yet, warning that the global economic recovery has lost momentum and become increasingly divided, even as it warned about rising […]
Gas prices skyrocket as the global energy crisis worsens
Gas prices skyrocket as the global energy crisis worsens New York (CNN Business)The cost of energy was dirt cheap in the spring of 2020 as roads and airports sat nearly empty during the height of the Covid-19 pandemic. Energy demand is back today as the world economy reopens — but supply simply hasn’t kept up. That’s […]
The 5000-Year View Of Rates & The Economic Consequences
The 5000-Year View Of Rates & The Economic Consequences The fact we have the lowest interest rates in 5000-years is indicative of the economic challenges we face. Such was a note brought to my attention by my colleague Jeffrey Marcus of TPA Analytics: “BofA wants you to know that ‘Interest rates haven’t been this low […]
China Coal Futures Hit Record High As Mines Flood; Worsening Power Shortages Hit Rust Belt
China Coal Futures Hit Record High As Mines Flood; Worsening Power Shortages Hit Rust Belt China’s top coal-producing region has been devastated by torrential rains and flooding this past week. About 9% of the coal mines in Shanxi province, an area responsible for producing 30% of China’s supply, have closed operations. The direct effect of […]
Yet another worry: Price of ship fuel is now highest since 2014
Yet another worry: Price of ship fuel is now highest since 2014 Bunker surcharges on the rise for shippers of containerized cargo Ship refueling (Photo: Shutterstock) Commodity prices are surging around the globe, so it should come as no surprise: Marine fuel is getting a lot more expensive. That’s bad news for ship operators on the […]
