Inflation

30-year Treasury bonds have fallen by more than 50%. Losses are starting to mount again, and this is worrying many observers. Although the US is not exposed to the risk of default, this decline reflects the effects of tighter monetary policy.

In the United States, the consumer price index (CPI) rose by 0.6% in August and by 3.7% year-on-year. This is an acceleration on the 0.2% monthly increase and 3.2% annual gain published in July. The year-on-year increase is higher than the economists' forecasts. In other words, August's CPI exceeded...

Gold is testing all-time highs in many currencies. Gold in yen is achieving this performance at a time when the Japanese bond market is going through an unprecedented crisis of confidence.

It is becoming clearer an clearer that China will not be the leading power in tomorrow's world. Since the pandemic, China's economy and banking sector have been in dire straits. The country is looking for new sources of growth. At the BRICS summit, held in Johannesburg from August 22 to 24, Xi Jinpi...

Matthew Piepenburg sits down with Rick Rule and Jim Rickards to discuss the future of the USD, the rising BRICS tide and the Realpolitik of any realistic gold-backed BRICS trade currency.

On July 27, figures released by the US administration showed GDP up by 2.4%, well above the 2% anticipated by analysts. The U.S. economy seemed to be resisting the sharp rise in interest rates better than expected. But the administration published a terse correction: the increase in GDP was not 2.4%...

With the recent rise in interest rates, demand for credit is collapsing in many sectors of the economy.

A recent NBER study shows the close link between the price of gold and the level of real interest rates. This study has attracted criticism for gold, and a Bloomberg article entitled "Gold is no longer a safe haven" has caused quite a stir. In this article, we will demonstrate that the arguments put...

In addition to discussing the Fed’s total failure in controlling inflation, in this article I will also stick my neck out in the climate debate before I go on to the likely disastrous effects of debts, deficits and inflation will have on investment markets.

US fiscal policy is incompatible with current monetary policy, whose primary objective is to bring down inflation. This incompatibility between fiscal and monetary policy is also the reason for gold's resilience, despite the recent explosion in interest rates and the dollar's rise against the yen.