Could — and Should — the Fed Own Gold?

Israel continued airstrikes and ground attacks across Lebanon today, with Lebanese Prime Minister Nawaf Salam warning there seems to be no end to the expanded Israeli occupation in the south. The Lebanese Health Ministry reported that over the last 24 hours, another 27 people have been killed in Israeli attacks, and 105 others wounded. This […]

California Bans Government Officials From Using Insider Knowledge To Bet On Prediction Markets Authored by Dylan Morgan via The Epoch Times, California Gov. Gavin Newsom on Friday issued an executive order banning state officials from using insider knowledge to profit, or assist another person in profiting, on prediction markets, effective immediately. The governor’s office said there have been mounting reports of individuals in the federal government with access to sensitive government information placing well-timed bets ahead of major Trump administration actions. These reports are currently allegations and have yet to be verified. “Public...

The Frozen Market For Homes Authored by Jeffrey Tucker via The Epoch Times, Mortgage rates on a 30-year loan just hit 7 percent, intensifying problems on the demand side. Mortgages plus insurance—which turns a half-million dollar house into a $1.2 million house plus property taxes—became unaffordable for another class of buyers while already out of reach for most people. On the supply side, millions of existing homeowners are locked into COVID-era mortgages of 3 percent or lower, which makes them negative in real terms. That’s a great deal unless you sell and...