At its December meeting, the Federal Reserve effectively declared victory over inflation.
They didn’t didn’t use those words, but that was the signal given by the policy trajectory laid out by the FOMC. Is this victory dance premature? Financial analyst Jim Grant thinks so…. Read More >>
Taxing gold and silver purchases is becoming an unusual and outmoded practice in the United States. Thanks to massive efforts by Money Metals, 43 states have now ended this practice.
Kentucky, Wisconsin, New Jersey, and Vermont are all making efforts right now to remove sales taxes. Read More >>
Price inflation is even worse than advertised. According to the December 2023 CPI report, price inflation was 3.4 percent on an annual basis. That doesn’t seem too bad. But in reality, prices are rising far faster than the data indicates.
Here’s the ugly truth: the CPI drives markets and motivates policy, but it is nothing but speculation, estimation, and wild guesses. Read More >>
Just one quarter into fiscal 2024, the federal government has already run a budget deficit of over half a trillion dollars. That’s a 21 percent increase over the first quarter deficit in fiscal 2023.
This follows on the heels of the third-largest annual budget deficit in history (1.7 trillion). Not good! Read More >>
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