The Fed is semi-independent but still gets it’s mandate from Congress

It’s telling that the dual mandate doesn’t include anything about the well being of citizens

Jobs numbers being massively inflated by millions of immigrants taking part time jobs, while full time jobs fall

No coincidence that Biden put the deadline for the tik tok ban after the election to try and save the young vote unaware of his actions

#Silver / #Copper ratio closing with a really nasty candle on the monthly

But it is at key support

If it doesn’t hold I’ll guess it’s because copper is taking a turn for the better, but I think silver recovers in the new month

Did the fed statement leak or something?

Markets trading like JPow is about to crush everything

#Silver with a very ugly close to the month (can’t let it close at a new monthly high, god forbid)

Down 12% from the monthly high in the last 7 trading days

Even still, it is the highest monthly close since May 2021

This really should be the only issue we all care about until it’s resolved

Imagine caring about Israel or Ukraine or student loans or even the border crisis,

WHILE the food supply is poisonous

The intentional poisoning of US citizens continues and accelerates, with full government approval

Shanghai Silver is still trading for $3.53/oz more than the west. This game is far from over. Get ready to load up during July low for the next explosive move higher to year end!

Just red about a guy in Germany who adopted 24 children abroad. All mothers and siblings automatically received German residency permits, and this guy pocketed 1,5 Million Euros in social payments per year. This country is simply finished.

Deutsche Bank: most of the jobs growth last 2/3 years is due to undocumented immigration, low wage jobs helping keep inflation in check.

(and lets hope there are not people taking advantage of the migrants .. child labor, etc .. they have little to no protections)…

GDPnow implying very solid growth for Q2 at 3.9%

We’ll see how it develops but that’s definitely higher than I would’ve guessed it would be

Will $DXY return from spring break?

This is what’s so crazy to me

The fed pounds it into everyone’s brains that core PCE is ‘THE’ measure they look at, and it’s done nothing but go lower

Yet all of a sudden they’re hawks again

Core #PCE #inflation was +2.8% YoY in Mar.

Core PCE has been improving for 14 consecutive months, the longest such streak since this indicator was invented.

Moreover, it made a progress of 12 bps in Q1 which is 4 bps more than in the same period of 2023.

So, not only it is…

Real personal income excluding government transfer payments is the best proxy for the private sector’s ability to generate real income.

In the pre-pandemic expansion, real personal income ex. government transfer payments increased at a 2.9% annualized pace.

Higher inflation and…

The trap in getting bearish off a chart of prices vs incomes is not knowing that it can be so, so much worse before it gets better

Good day for the white metals, especially #platinum

Removing seasonal adjustments,

Home prices have crashed 0.6% below their all time highs nationally