Over the past few months, politicians and the mainstream media have been applauding the fact that inflation has “finally been brought under control.” The headline data certainly reflects this, as the consumer price index has fallen from a peak of 9.1% year-over-year in June 2022 to 5.0% in March: However, this is somewhat misleading. As…
Month: April 2023
Gas And Oil Prices Rise, Likely To Continue
On Tuesday, April 18, 2023, fuel price tracking company GasBuddy reported that the average price of gasoline in the United States reached its highest price this year. The company stated that the average price of gasoline in the United States is now $3.65 per gallon, which represents a $0.076 increase over the past week. This…
Weakness In The Petrodollar Could Benefit Gold
Over the past few weeks, I have been seeing a number of articles on various sites discussing how the U.S. dollar’s dominance as the world’s reserve currency could be under attack. Over the past several years, I have even made similar comments through articles such as these: I have done a few more articles than…
Signs Of A Worsening Jobs Market
Over the past few months, I have been writing about how the jobs market has been somewhat resilient despite the fact that there are numerous signs of economic weakening. We are now finally starting to see job numbers pointing to an impending recession. ADP And BLS Data The first recent data point comes from Automatic…