International Man: President Trump has ordered the Treasury to stop minting pennies after 232 years, citing the fact that each one costs more than two cents to produce—calling it a waste of taxpayer money. What’s your take on this move? Doug Casey: It may seem odd that we’re talking about something as trivial as the disappearance of […]
The Fed’s outlook has soured vs its March forecast. “We expect a meaningful rise in inflation in the coming months,” said Powell Unemployment projection from Fed press conference. Trump will not be pleased with the Fed’s outlook. In the press conference, the Fed highlighted more concerns of tariffs on inflation and growth. Regarding jobs, Powell […]
I soundly beat the WSJ to this story but here are some more details. Trump says businesses report losing ‘very good, long time workers.’ How about changing policy? Please consider Mass Deportation . . . Except at Hotels? How far does President Trump envision his mass deportation project going? As if to heighten the ambiguity, on […]
Everyone probably remembers during Donald Trump’s first presidency when Kelly Osbourne completely jammed her foot in her mouth during a segment on The View when she got a little carried away talking like a tough guy, delivering what she no doubt thought was a zinger: “If you kick every Latino out of this country, then who is […]
Despite Israel and Iran volleying missiles and bombs at one another over the weekend, Brent crude futures showed a surprisingly muted reaction Monday morning, initially gapping higher Sunday evening but flat to down. Goldman Sachs analyst Ananya Prakash added color about the market’s restrained response, telling clients the “situation feels relatively contained” for now, with attention centered on potential supply disruptions—particularly […]
I am so tired of hearing that “everything is fine” when everything is most certainly not fine. Every day, I hear from people that are really suffering in this harsh economic environment. Some can’t find work, others are stressed out of their minds because they can’t make ends meet, and there are some that are […]
Whatever happened to the Donald Trump and Elon Musk visit to Fort Knox? You’ll recall the buzz from earlier this year. Trump and Musk loudly announced they were going to visit the U.S. bullion depository at Fort Knox, Kentucky to make sure the U.S. gold was actually there. The press was invited to tag along. […]
Trump Just Pulled the Plug on the Penny It’s official. After 232 years in circulation, the humble penny is finally meeting its maker. The Treasury has confirmed it. The penny is being discontinued. The writing has been on the wall, with Musk’s DOGE being on the penny’s case pretty much since day one of the new president’s inauguration. And […]
The Fed is buying treasury bonds… An old system under a new name. After the Great Financial Crisis (GFC) of 2007–2008, the Federal Reserve implemented quantitative easing (QE) to stabilize the economy, restore confidence in financial markets, and spur growth. Back then, the Fed’s QE programs involved large-scale asset purchases injecting liquidity into the economy […]