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
Economics always wins. Ask UPS workers. The shipping giant recently announced plans to lay off 12,000 employees, citing a forecast for weaker shipping demand in 2024. The company said the downsizing will save about $1 billion in employee...
Where there’s fire, there’s smoke. And there is definitely smoke in the U.S. banking system. The mainstream consensus is that the Federal Reserve successfully raised interest rates, slayed the inflation monster, and did it without breaking...
The Federal Reserve didn’t do anything at all at the January Federal Open Market Committee (FOMC) meeting. But Jerome Powell aggressively ran “open-mouth operations” trying to dampen market expectations for a rate cut at the March meeting.
It appears more and more likely that the Federal Reserve is poised to completely abandon any pretense of fighting inflation, despite the fact CPI remains well above the 2 percent target.
How much would it cost to buy a pound of gold? It actually depends on what you mean by "pound." Yes. There is more than one kind of pound.
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.
