Russia adds another 600,000 oz to it’s gold reserves in May. Holdings of U.S. government debt slashed in half to $48.7 billion in April. ‘Keeping money safe’ from U.S. and Trump – Danske Bank. Trump increasing the national debt by another 6% to $21.1 trillion in less than 18 months. Asian nations accumulating gold as… Read More
Happy days are here again for the U.S. economy – at least temporarily. On Friday, U.S. stocks hit another brand new record high. It seems like we are saying that almost every day lately, and most investors are absolutely thrilled by this seemingly endless surge. Global stocks are surging too – today world stocks hit a new record high for the 4th consecutive day in a row. But of course it isn’t just stock prices that are rising. As the week ended, pretty much everything was up, and we also got some good news about consumer sentiment. According to the new University of Michigan survey that was just released, U.S. consumers are the most optimistic about the economy that they have been since 2004…
The consumer sentiment index, a survey of consumers by The University of Michigan, rose to 101.1 in October, far ahead of the 95 economists polled by Reuters anticipated.
“Consumer sentiment surged in early October, reaching its highest level since the start of 2004,” Richard Curtin, chief econ..
Authored by Andy Xie via The South China Morning Post,
Central banks continue to focus on consumption inflation, not asset inflation, in their decisions. Their attitude has supported one bubble after another. These bubbles have led to rising inequality and made mass consumer inflation less likely.
Since the 2008 financial crisis, asset inflation has fully recovered, and then some. The US household net worth is 34 per cent above the peak in 2007, versus 30 per cent for nominal GDP. China’s property value may have surpassed the total in the rest of the world combined. The world is stuck in a vicious cycle of asset bubbles, low consumer inflation, stagnant productivity and low wage growth.
The US Federal Reserve has indicated that it will begin to unwind its QE (quantitative easing) assets this month and raise the interest rate by another 25 basis points to 1.5 per cent. China has been clipping the debt wings of grey rhinos and pouring cold water on property speculation. They are..
Amazon has reportedly suspended Roy Price, its point man in Hollywood and the head of its ambitious video program, according to ReCode.
HollywoodReporter reports that in the wake of revelations about Harvey Weinstein’s alleged years-long sexual harassment and assault, a producer of one of Amazon Studios’ highest-profile TV shows is ready to talk about her “shocking and surreal” experience with Amazon’s programming chief.
“You will love my dick,” Price allegedly said to Isa Hackett, a producer on 'The Man in the High Castle,' who details a July 2015 incident at Comic-Con in San Diego.
On the evening of July 10, 2015, after a long day of promoting Man in the High Castle at Comic-Con in San Diego, Hackett attended a dinner with the show's cast and Amazon staff at the U.S. Grant Hotel. There she says she met Price for the first time. He asked her to attend an Amazon staff party later that night at the W Hotel (now the Renaissance) and she ended up in a taxi with Price a..