We’re already seeing the impacts of tighter monetary policy rippling through the economy with corporate bankruptcies through the first half of 2024 at the highest level in over a decade.
If housing prices don’t budge, neither will core services inflation. Barring some collapse in food and energy prices, that means overall inflation can’t fall much more from here. This is as good as it gets.
The labor market's brief drop in unemployment was a head fake, with rates now rising above the Sahm Rule's threshold, indicating an imminent recession.
Here’s the kicker – gold holds its value and even appreciates over time. Unlike the $480,000 in cash Menendez received, the gold is worth a lot more today than it was then.
