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Archive : Author

POSTED ON June 14, 2022  - POSTED IN Original Analysis

There is a meme floating around social media that seems to prove greedy corporations – specifically oil companies – are the root cause of inflation.

How does this meme stack up to reality?

Short answer — it doesn’t.

POSTED ON June 8, 2022  - POSTED IN Key Gold Headlines

Consumer debt climbed to a new all-time record in April as Americans continue to cope with rapidly rising prices.

Total outstanding consumer debt rose by $38 billion in April, reaching a new record of $4.57 trillion, according to the latest data from the Federal Reserve. Total consumer debt was up 10.1% in April. It was the third straight month that consumer debt increased by $30 billion or more.

POSTED ON May 24, 2022  - POSTED IN Original Analysis

The Federal Reserve has talked a lot about fighting inflation. But what has it actually done?

In practice, not a lot. It has nudged interest rates up 75 basis points. And while the Fed has ended the massive quantitative easing program that it ran during the pandemic, it pushed balance sheet reduction back from May until June. In fact, the balance sheet has crept upward throughout the entire month of May.

POSTED ON May 18, 2022  - POSTED IN Original Analysis

When I was about seven or eight years old, I remember my mom taking me to the bank to open a savings account. She explained that if I put some of my allowance in savings, that money would grow over time.

Well, that doesn’t work anymore.

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