Mike Maharrey
Mike Maharrey is a journalist and market analyst for MoneyMetals.com with over a decade of experience in precious metals. He holds a BS in accounting from the University of Kentucky and a BA in journalism from the University of South Florida.
Mike Maharrey Articles
Did you know inflation is on purpose? Government people would never admit this out loud, but inflation is a tax. They need inflation in order to maintain the borrow and spend system they've set up.
The Federal Reserve recorded a record loss of $114.3 billion in 2023, and you (the American taxpayer) are on the hook. The last time the Fed ran a net operating loss was 1915.
Chinese gold demand improved in 2023 even as the price in yuan soared. China ranks as the world’s biggest gold market, and Chinese demand has a significant impact on the global gold market.
Which countries have the most gold? Central banks around the world have aggressively added gold to their reserves over the last several years.
The mainstream psyche has latched onto a Goldilocks scenario where inflation dies, interest rates fall, and the economy glides to a soft landing. People should probably read the end of the story because Goldilocks dies.
Gold appears to have built solid support above $2,000 an ounce, but momentum to move higher in the short term has eased with uncertainty about the timing of Federal Reserve rate hikes.
At its December meeting, the Federal Reserve effectively declared victory over inflation. They didn’t didn’t use those words, but that was the signal given by the policy trajectory laid out by the FOMC.
There were more corporate bankruptcies in 2023 than there were during the pandemic of 2020. Higher interest rates and massive levels of corporate debt drove the flurry of business failures last year.
No matter what you read about the December Consumer Price Index (CPI) data, you should keep one important fact top of mind: every number is far above the Federal Reserve's 2 percent target.
The Consumer Price Index for December came in hotter than expected but it’s a lot lower than it was a year ago. That means inflation is decreasing, right? Not so fast.
