Content
SIGNED INTO LAW: Alabama Abolishes Income Taxes On Gold And Silver
Article By:
Stefan Gleason
Read
Monday, May 20, 2024 9:24 AM EDT
On May 14, 2024, Alabama Governor Kay Ivey signed a bill that removes all income taxes on capital gains from the sale of gold and silver, enabling the state to take an important step forward in reinforcing sound money principles.
BoE's Broadbent: Possible Bank Rate Cut Could Come This Summer
Article By:
FXStreet
Read
Monday, May 20, 2024 7:52 AM EDT
"If things continue to evolve with its forecasts - forecasts that suggest policy will have to become less restrictive at some point - then it's possible Bank Rate could be cut some time over the summer," Broadbent noted.
In this article: FXB
Crocodile Tears
Article By:
Angry Bear
Read
Monday, May 20, 2024 7:16 AM EDT
Numerous Americans have found themselves ensnared in analogous predicaments while seeking medical attention. The opacity surrounding healthcare pricing makes it difficult for patients to ascertain the cost of their care upfront.
Walmart Is Sending A Major Warning To The Economy
Video By:
Jeffrey P. Snider
Watch
Monday, May 20, 2024 7:00 AM EDT
Business at Walmart is brisk these days...and that's a big problem. The better things go for the company, especially at the grocery department the worse you know it is in the economy.
In this video: WMT
UK Services Inflation To Make Or Break A June Bank Of England Rate Cut
Article By:
ING Economics
Read
Monday, May 20, 2024 6:57 AM EDT
The Bank of England is preparing for its first rate cut, and Wednesday’s services inflation data will determine whether that comes in June or August. We think services inflation could come in hotter than expected.
Inflation Is A Policy; Gold Does Not Reflect Monetary Destruction, Yet
Article By:
Daniel Lacalle
Read
Monday, May 20, 2024 5:15 AM EDT
The money supply is rising again, and persistent inflation is not a surprise.
Asia Morning Bites - Monday, May 20
Article By:
ING Economics
Read
Monday, May 20, 2024 4:18 AM EDT
China’s loan prime rates and Taiwan’s export order data will be released today. US Treasury yields crept higher again on Friday. The 2Y yield rose 2.9 basis points while the 10Y rose 4.5bp to 4.42%.
Vietnam Loses Huge Amount Of Aid, Foreign Capital Withdraws, Exchange Rate Depreciates
Article By:
EqualOcean
Read
Monday, May 20, 2024 3:31 AM EDT
On May 17, the UN, the World Bank and Western donors told the Vietnamese government in a letter that the country has lost at least $2.5 billion in foreign aid in the past three years and could lose another $1 billion due to administrative paralysis.
Rate Cut Confidence Keeps Volatility In Check
Article By:
Stephen Innes
Read
Sunday, May 19, 2024 8:51 PM EDT
Financial markets are experiencing a period of relative calm, with reduced foreign exchange and U.S. Treasury market volatility.
Fed Board: “Why Is The U.S. GDP Recovering Faster Than Other Advanced Economies?”
Article By:
Menzie Chinn
Read
Sunday, May 19, 2024 8:00 PM EDT
The US has reverted to pre-Covid trend, while other economies have not. Recent productivity developments may not only reflect permanent shifts across various economies.
How Europe Could Pull Swiftly Ahead
Article By:
ING Economics
Read
Sunday, May 19, 2024 6:26 PM EDT
With all due modesty, here's our indispensable guide to what you should be watching out for next week
The EU Is Spending Billions On Hydrogen-Ready, But Where’s The Hydrogen?
Article By:
Mish Shedlock
Read
Sunday, May 19, 2024 11:00 AM EDT
I’m all in favor of hydrogen-powered plants to produce electricity if only we had cheap hydrogen. But we don’t and likely won’t.