[11/30/22]Rising inflation and interest rates, along with several other factors, will push the economy over the edge, says Beth Ann Bovino. Many economists, including luminaries Larry Summers and Nouriel Roubini, anticipate a recession next year. And so does Beth Ann Bovino, chief U.S. economist at S&P Global Ratings. “Continued high prices through most of next year and the Federal Reserve's decision to aggressively raise interest rates … are leading households to pull back on spending and businesses to cut costs in response to slowing demand,” she wrote in a commentary. “We continue to expect the U.S. will fall into recession in 2023. We expect GDP growth to weaken to negative 0.1% in...

[11/17/21]Real Money's Timmothy Collins spotted the recent breakout in precious metal. Gold has had a rough year so far.  Over the course of 2021 alone the price of gold has fluctuated by nearly 12 percent of its peak value, moving within a band of roughly $250.

“Gold trades seem to be my nemesis. When I take them, they fizzle. When I don't, they run," Timothy Collins wrote recently on Real Money. "That's how it often feels for me, even if it's a slight exaggeration. Usually, it is just small wins and small losses when playing the commodity or miners. When I get the pattern, like...

[10/8/21]The supply chain disruption problem does not seem to be going away anytime soon, and so many companies are trying some innovative solutions to help ease the bottlenecks. From chartering their own container ships to adding more local fulfillment centers, some of the largest retailers are taking drastic measures to speed up the delivery of their products to the marketplace. With the shortage of shipping containers used on cargo ships, Walmart (WMT) - Get Walmart Inc. Report is switching to larger 53-foot containers and Ikea has purchased thousands of containers of its own. Coca-Cola (KO) - Get Coca-Cola Company Report has even chartered three “bulk carriers”—a type of cargo...

[7/20/21]Bitcoin falls below $30,000 for the first time in about a month and crypto stocks slide as the global market selloff sparks a rush to old-school paper bonds and gold. A selloff in Bitcoin accelerated Tuesday, pushing it below $30,000 for the first time in about a month, and other virtual currencies retreated as a global market selloff spurred by concerns over the delta variant of COVID-19 sparked a rush to old-school paper bonds and gold. Stocks related to cryptocurrencies also declined, extending Monday's losses. At last check, Bitcoin was down 3.8% at $29,494, while Ethereum, the world’s second-biggest digital currency, was down 3.95% at $1,741.10. XRP was down 6.3%,...

[5/29/21]President foresees GDP growth of 5% this year, but assumes no permanent inflationary impact. President Joseph Biden unveiled a proposed $6 trillion budget for the U.S. Friday, forecasting 5% economic growth this year but no permanent inflationary impact. The plans include previously announce proposals for a $2.3 trillion jobs and infrastructure plan and $1.8 billion in spending to boost education and families, both of which are receiving sharp pushback from Congressional Republicans. Biden’s move comes as the U.S. economy is accelerating its reopening from pandemic shutdowns thanks to widespread vaccinations against COVID-19 that have reached at least half of Americans over the age of 12. Biden’s spending plans seek to...