Gold Outlook Report 2023

A Villainous Blueprint For Managed Poverty Authored by Veronique de Rugy via The Eoch Times, Writer and philosopher Ayn Rand was often accused of inventing cartoonish villains. Rogues like Ellsworth Toohey in “The Fountainhead” would scheme to seize the global economy’s commanding heights in pursuit of a distorted sense of justice. But the people who hold such ideas don’t just appear in cartoons or in Rand’s novels. Enter Thomas Piketty and company. In early June, Piketty - the French economist whose work on inequality has made him something of a rock star even while...

SEC Issues Warning For US Investors On Phishing, Smishing, & Vishing Scams Authored by Naveen Athrappully via The Epoch Times, The U.S. Securities and Exchange Commission (SEC) warned investors recently that fraudsters use phishing, smishing, and vishing scams to attempt to compromise their financial, investment, or personal accounts. “Phishing, smishing, and vishing are types of scams where a fraudster tries to trick you into providing sensitive personal or financial information by posing as an entity you know or trust, such as an investment firm, bank, or some other personal service that you...

Americans' Savings-Rate Slumps In April As Fed's Favorite Inflation Signal Soars After accelerating significantly in March, The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - rose 0.2% MoM in April (less than expected +0.3% MoM), but pulled up the YoY measure to +3.3% (as expected) - its highest since Nov 2023. The rise in Services costs (headlined by Housing & Utilities, Financial Services, and Healthcare) dominated the increase in Core PCE YoY... The headline PCE...