Showing posts with label CNBC. Show all posts
Showing posts with label CNBC. Show all posts

Saturday, January 3, 2026

Trump captures Maduro on the sixth anniversary of his Soleimani assassination lol

 

... Explosions were reported in the Venezuelan capital, Caracas, at about 2 a.m. local time (0600 GMT), according to images circulating on social media that could not be independently verified. ...

More.

... Soleimani was assassinated on 3 January 2020 around 1:00 a.m. local time (22:00 UTC 2 January),[158] by a U.S. drone strike near Baghdad International Airport.[159] 

More.


 

 



Friday, January 2, 2026

Gold surged 64% in 2025, silver 147%, dwarfing more traditional investments

... [Gold] Bullion surged 64% in 2025, its biggest annual gain since 1979, driven by Fed rate cuts, geopolitical tensions, strong central bank buying, and rising ETF holdings. ...

Spot silver advanced 4.6% to $74.52 per ounce, after hitting an all-time high of $83.62 on Monday, while platinum jumped 4.7% at $2,150.46 per ounce, after rising to an all-time high of $2,478.50 on Monday.

Both metals recorded their best year ever, with silver leading by posting 147% annual gains, driven by its designation as a critical U.S. mineral, supply shortages and low inventories amid rising industrial and investment demand. ...

More.

 

Meanwhile in more traditional investments in 2025:

VMMSX +35.66% emerging markets fund

VTIAX +32.18% total international stock index fund

VGENX +20.62 energy fund 

VFIAX +17.83 Vanguard 500 index fund

VGHCX +17.31 healthcare fund

VTSAX +17.12% total stock market index fund

VFICX +9.53% intermediate term investment grade bond fund

VWESX +7.18% long term investment grade bond fund

VBTLX +7.15% total bond index fund admiral

VBMFX +7.03% total bond index fund investor

VFSTX +6.73% short term investment grade bond fund

VMRXX +4.23% money market fund

VGSLX +3.19 real estate fund.

Wednesday, December 31, 2025

One week after Supremes rule against Trump, he withdraws National Guard from Chicago, LA, and Portland

 Trump gives up on National Guard deployments in Chicago, LA, Portland 

... The pullback comes a week after the Supreme Court delivered a stark blow to Trump’s push for military troops to patrol U.S. city streets, rejecting his bid to send National Guard members to the Chicago area to protect federal officials enacting his immigration agenda.

In an apparent 6-3 decision, the court explained that federal law generally bars federal troops from participating in civilian law enforcement, and the law Trump used to call up the National Guard likely only applies when the president is unable to execute laws with the regular forces of the military. ... 

 

I missed the December 23 Supreme Court decision story because my cat died the very hour it broke.

 

I guess I'll always remember her now as the Posse Comitatus Cat. 

 

Supreme Court rejects Trump’s bid to send National Guard to Chicago

 ... Citing the Posse Comitatus Act, which prohibits the military from engaging in domestic law enforcement unless explicitly authorized by the Constitution or Congress, the court found Trump lacked the authority to deploy troops to Illinois in this case.

“At this preliminary stage, the Government has failed to identify a source of authority that would allow the military to execute the laws in Illinois,” the unsigned order states. ...

Tuesday, December 30, 2025

Monday, December 29, 2025

Gold and silver retreat from new record high prices at $4,549.71 and $83.62

 ... Spot gold declined 1.4% at $4,470.56 per ounce, after hitting a record high ‌of $4,549.71 ‌on Friday. ...

Spot silver shed 4.8% at $75.32 per ounce, retreating from an all-time high of $83.62 hit earlier in the session. ...

Spot platinum fell 6% to $2,305.15 per ounce, after rising ⁠to an all-time high of $2,478.50 earlier in the day, while palladium plunged 13.2% to $1,669.11 per ounce. ... 

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Thursday, December 25, 2025

Unbelievably rosy GDP report contained core pce inflation data at 2.9% countering previous rosy core cpi inflation report at 2.6% and indicating rising inflation

 

The U.S. economy grew at a much greater-than-expected pace in the third quarter, boosted by strong consumer spending, a delayed report released Tuesday showed.

U.S. gross domestic product, a sum of all goods and services produced in the sprawling U.S. economy, expanded by 4.3% in the July-September period, the Commerce Department said in its initial reading of third-quarter growth. Economists polled by Dow Jones expect a gain of 3.2%.  ...
 
The economy moved forward during the period despite persistent signs of inflation pressures.

The personal consumption expenditures price index, the Fed’s primary inflation gauge, rose 2.8% during the period, and 2.9% for core which excludes food and energy. Both were above prior respective readings of 2.1% and 2.6% and remain well above the Fed’s 2% inflation gauge. Also, the chain-weighted price index, which accounts for changes in consumer behavior such as switching to less expensive products for pricier items, rose 3.8%, a full percentage point above the forecast. ...


 As for the GDP report, even if you accept the rosy number as reported, it remains that . . .

Trump's real GDP since 2017 is growing at a compound annual rate which is 5% lower than the rate for 1984-2017; and
 
Trump's GDP since 2017 is growing at a compound annual rate 21% lower than the rate for 1947-2017.
 
Meanwhile GDP since 1984 is growing at a compound annual rate which is 28% lower than for 1947-1984.
 
And GDP since the Great Recession in 2007 is growing at a compound annual rate 42% lower than for 1947-2007.
 
The results of the era inaugurated by Reagan have been devastating. Real GDP today would be much higher had the previous long term trend continued.
 
3Q1984 Reagan real GDP of 8252.46 at the pre-Reagan rate of compound annual growth since 1947 would be 36213.94 today instead of 24024.95, 50% higher.
 
The Trump era is doubling down on stupid, not breaking with it. It is guaranteed to get us nowhere, faster.

It's completely crazy that an entry level ice cream scooper in Brooklyn, New York earns almost as much as an entry level small engine mechanic

 Fifty cents an hour less.

It's as if the weight of wealth accumulation by the top 10% has squished and compressed those beneath them into one giant, undifferentiated blob scooping ice cream alongside this woman.

31-year-old scoops ice cream on the side for $16.50/hour to make ends meet in this job market: ‘There is zero shame in it’

... When I started working at Lady Moo Moo in Bed-Stuy, I found myself surrounded by people who, like me, had already built careers and are now navigating an unpredictable job market. Some had been laid off just as I had. Others, like my colleague who is a sex educator and public health advocate, lost funding in their fields. A few are juggling multiple part-time roles to stay afloat.  ... Every shift, I met people who never imagined they would be picking up part-time work: artists, teachers, nonprofit workers, tech employees, museum curators, and neighbors doing their best to make life work in a difficult economy. ...

 


 

 

A Christmas of silver and gold


 

... Spot gold was down 0.4% at $4,468.96 per ounce, after marking a record high ‌of $4,525.18 ‌earlier in the session. ...

Silver prices have surged 147% year-to-date on strong fundamentals, outpacing bullion’s gain of over 70% ‍during the same period. ...

Silver hit an all-time high of $72.70 but was last down 0.8% ‍at $70.86 an ounce. ...

More.


 

 

Tuesday, December 23, 2025

Because we can't build them ourselves

 

 
Manufacturing capacity utilization was down in November, a pale reflection of its former self before globalization.
 
Same with manufacturing employment.
 
Manufacturing production was barely up in November and is effectively flat since the Great Recession, before which it was still rising.
 
Trump stupidly thinks tariffs can reverse all this, when you're supposed to use tariffs to protect what you have, not what you don't.
 




 

Spot gold new record high nominal price $4,497.55, silver $69.98

 CNBC here.

Friday, December 19, 2025

New nominal record high for silver today at $67.20

 


Gold and silver at 6:59 AM today

 


Trump's Department of Injustice will violate the law again today by not releasing the Epstein files

"One law for me, another for thee".

 

 

Alleged 2025 MIT and Brown University killer was a Portugese national who obtained permanent resident status under President Donald Trump in 2017


 

 Brown and MIT prof shooter suspect Neves Valente is found dead, authorities say

... Authorities said he is believed to have originally been in the United States on a student visa and obtained lawful permanent resident status in 2017.

Trump immediately tries to cover his ass:

U.S. green card lottery suspended after Brown University shooting 

... Noem said that Valente entered the U.S. through the DV1 program in 2017 and was granted a green card. 

“In 2017, President Trump fought to end this program, following the devastating NYC truck ramming by an ISIS terrorist, who entered under the DV1 program, and murdered eight people,” she wrote on X.

The Diversity Immigrant Visa Program (DV Program) allocates up to 50,000 immigrant visas every year, according to the USCIS website.

The program is a lottery. Visas are randomly allocated to individuals from countries with low rates of immigration to the U.S.

 

Bush didn't keep us safe on 911, and Trump didn't keep us safe in 2025. A young, talented College Republican is dead because of him.

If Trump can simply suspend the program in 2025, he could have done it in 2017 when he was president the first time, but he didn't.