ECONOMICS

Via SchiffGold.com,

The president touted a manufacturing renaissance. However, economic indices show US manufacturing entering a Dark Age. Home sales are not looking bright, either.

Peter explains in his recent podcast:

Peter is referring to the Philadelphia Fed Manufacturing Index, which tracks changes in business activities like how many people are hired, the rate of new orders, and the prices businesses are paying and receiving for goods. 

A negative (more…)

The Conference Board's Leading Economic Indicators (LEI) continued its decline in December, dropping 0.1% MoM (slightly better than the -0.3% MoM expectations). That is the smallest MoM decline since March 2022.

• The biggest positive contributor to the leading index was stock prices (again) at +0.20

• The biggest negative contributor was ISM New Orders at -0.18

This is the 21st straight MoM decline in the LEI (and 22st month of 24) –  just barely shorter than (more…)

At the start of this year, a new global minimum corporate tax of 15 percent on multinational corporations went live across some European and Asian countries.

The following years will likely see more nations – including some that have been known as tax havens – join the initiative spearheaded by the OECD and the G20.

It is seeking to collect billions of dollars every year on company profits that have so far been taxed at often much lower levels and to rein in what (more…)