U.S. equity index futures were lower this morning. S&P 500 futures were down 50 points in pre-opening trade.Index futures were virtually unchanged after release of the June CPI report at 8:30 AM EDT. Consensus was an increase 0.8% versus a gain of 0.8% in May. Actual was an increase of 1.1%. Year-over-year, June PPI was expected to increase 10.8% versus a gain of 10.8% in May. Actual was a gai...Read More
The U.K. is facing a crisis. No, not our mounting supply issues, soaring cost inflation or the sudden change in political leadership; rather, the plummeting numbers of drinking establishments and graduate mining engineers. A survey in 1577 found that there were over 16,000 alehouses, taverns (generally larger than alehouses and also served wine) and inns in England and Wales. With a combined p...Read More
Japan's Panasonic is deepening its ties with electric vehicles (EVs) maker Tesla by planning a battery plant in Kansas, which will cost US$4 billion.The facility is expected to supply the EV giant with a new high-capacity battery and boost Panasonic Energy's production capacity by fiscal 2028 from the current level of roughly 50 gigawatt-hours per year to 150 to 200 GWh.The Japanese company, the w...Read More
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is investing US$188 million to increase the production capacity for low-carbon, high-value aluminum billets at its Alma smelter in Lac-Saint-Jean, Que., by 202,000 tonnes.The existing casting centre at Rio Tinto's Alma plant will be expanded to accommodate new state-of-the-art equipment, including a casting pit and furnaces, allowing a larger portion of th...Read More
Barrick Gold (NYSE: GOLD; TSX: ABX) has reported its preliminary second quarter operating results, showing total gold production of 1 million oz. and copper production of 120 million lb. During the quarter, it managed to sell all of the gold produced and 113 million lb. of copper.The gold output represents a 5.4% increase over the first quarter of 2022, which Barrick has said would be its lowest p...Read More
Anglo American (LSE: AAL) and Japan's Nippon Steel have joined forces to develop solutions for lower-carbon steelmaking, a process responsible for up to 9% of global greenhouse emissions.The companies will research ways to optimize premium lump ore produced by Anglo American's mines in Brazil and South Africa to decrease emissions in the traditional blast furnace (BF) steelmaking process.The partn...Read More
Doug Casey's Take, Released on 7/14/22 Join our email list to get Special reports and updates: https://dougcasey.substack.com/aboutConnect with us on Telegram: https://t.me/dougcaseyDoug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provid...Read More
Wall St. For Main St., Released on 7/14/22Jason Burack of Wall St for Main St interviewed returning guest, thought leader and financial blogger and financial newsletter writer, Doomberg, about how the food and energy crisis is actually getting even worse in the EU and in emerging market countries like Sri Lanka. Follow Doomberg on Twitter here: https://twitter.com/DoombergTOver 200 articles, audio...Read More
Peak Prosperity, Released on 7/14/22Join Chris and Evie for tonight's LiveCast Episode #16, as the two discuss the state of the world and the emerging financial crisis. A worldwide currency crisis is growing, social unrest is growing (farmers in particular) and now data showing current \/ injuries is growing as common knowledge. Here's the details, data and how to protect your family.Christopher M...Read More
Howe Street, Released on 7/14/22John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columni...Read More
Liberty and Finance, Released on 7/14/22 (Recorded on 7/7/22)The last time the U.S. was facing an inflation crisis like it is now, U.S. national debt to GDP was around 30%. Now, debt/GDP is 130%. The Fed will not be able to raise rates to tame inflation this time because the interest payments on the debt would skyrocket. The Fed will have to reverse course, says Brien Lundin, editor of Gold Newsle...Read More
Glenn Greenwald - Twitter, Released on 7/14/22Glenn Greenwald: The US has been on an insane orgy of military spending since 9/11 at least. This big, bad war machine couldn't even defeat the Taliban after 20 years. That's because the real purpose isn't to win wars or security. It's this, as explained by Assange:Assange: The real purpose of the insane orgy of military spending isn't to win wars or s...Read More
The Epoch Times (via Zero Hedge), Released on 7/14/22Economist Mohamed El-Erian has warned that a third wave of inflationary pressures is building and will be "unleashed" if the Federal Reserve doesn't act quickly.Continue... 3rd Wave Of Inflation Will Be Unleashed If Fed Doesn't "Get Its Act Together": El-Erian added by Herman James on 07/15/2022View all posts by Herman James ?+'Read More
Tavi Costa - Twitter, Released on 7/14/22Wonder if Dr. Copper knows something about labor markets. pic.twitter.com/IJZFlaHQBZ- Otavio (Tavi) Costa (@TaviCosta) July 14, 2022 Tavi Costa is a partner and portfolio manager at Crescat Capital and has been with the firm since 2013. He built Crescat's macro model that identifies the current stage of the US economic cycle through a combination of 16 fact...Read More
Chris Bakke - Twitter, Released on 7/14/22Nancy Pelosi just disclosed a $5M stake in Nvidia. Now, she wants to invest $50B in a "chips plus" bill. I'm sure there is absolutely zero correlation here. pic.twitter.com/LcadaRBNUo- Chris Bakke (@ChrisJBakke) July 14, 2022 Nancy Pelosi just disclosed a $5M stake in Nvidia. Now, she wants to invest $50B in a "chips plus" bill. added by Herman James o...Read More
Miranda Devine - Twitter, Released on 7/14/22This unfolding tragedy in West Texas is what the green zealots want added by Herman James on 07/15/2022View all posts by Herman James ?+'Read More
Wall Street Silver, Released on 7/14/22Michael Gentile joins us today to discuss the recent gold price fluctuations and why he predicts that there is a high chance we will see a new All-Time-High by the end of the year.This Is Why Gold Is Not Performing... YET! - Michael Gentile added by Herman James on 07/15/2022View all posts by Herman James ?+'Read More
The math says the Fed is about to do an about-face, start printing money and...Craig Hemke interviewed on USA Watchdog by Greg HunterThe math, according to Hemke, says the Fed is about to do an about-face and start money printing and cutting rates. Please keep in mind, by every metric, the economy is tanking, and this is an election year where the Democrats in power are weaker than they have ever...Read More
The mining sector expected change with the election of left-leaning president Gabriel Boric earlier this year on a ticket of advancing social equality and the drafting of a new Constitution.Read More
Gold Money (via Dollar Collapse), Released on 7/14/22The euro system and its currency are descending into crisis. Comprised of the ECB and the National Continue... Alasdair Macleod: The collapsing euro and its implications added by Herman James on 07/16/2022View all posts by Herman James ?+'Read More