Goldman's World Cup Winner Prediction Is ...

Shortages And Rationing Loom As Global Oil Reserves Fall At Fastest Rate In History Authored by Michael Snyder via The Economic Collapse blog, No matter what happens now, the world is facing a very painful energy crisis. Let’s be as wildly optimistic as we possibly can and assume that Iran agrees to allow free passage through the Strait of Hormuz with absolutely no tolls or restrictions starting tomorrow. Before normal traffic through the Strait could resume, Iran would first have to remove all of the mines that they have laid in...

Three Reasons Gas Prices Are Likely To Remain Elevated The US national average for regular 87-octane gasoline remained uncomfortably above the politically sensitive $4-per-gallon threshold for roughly two and a half months. That stretch pressured lower-income consumers, forcing many to trade down or cut discretionary spending while weighing on broader consumer sentiment. The key question now is whether pump prices have further room to fall or whether current levels will become the new normal this summer. Answering that question is Goldman's leading commodity expert Daan Struyven, who penned a note...

Wage Growth As A Leading Inflation Indicator Authored by Lance Roberts via RealInvestmentAdvice.com, Wage growth peaked four years ago. Since 1985, it has led CPI by three to seventeen months in every single cycle. The May 4.2% inflation print is the noise. Watch the wages. Headline CPI just printed 4.2% year-over-year for May. The highest reading since April 2023. The 10-year Treasury punched above 4.6% on the back of it, then pulled back recently. Energy ran +23.5% over the past twelve months on the Iran war, accounting for roughly 60% of the...