Douglas Boneparth, a 38-year-old financial adviser from New York, stated that the Greatest Wealth Transfer in History is no longer an impending phenomenon; it is now a present reality. An intergenerational transfer of wealth is in motion in America — and it will dwarf any of the past. Of the
Data from Incrementum AG and Crescat Capital LLC show the relationship between commodities and U.S. equities, and the next commodity super-cycle might be right around the corner. In recent years, commodity prices have reached a 50-year low relative to overall equity markets (S&P 500). Historically, lows in the ratio of
Erewhon, which is said to be America’s most expensive grocery store, is frequented by a host of celebrities, including musicians, authors, and the Kardashians. A luxury grocery store is proving so popular with customers that some allegedly work multiple jobs just to afford its produce. Erewhon, which is said to be
The economic war against Russia has partially failed due to Europe having itself paid a high price to effect a partial boycott of Russian oil and gas. There was much mirth in the West this week when Vladimir Putin’s Victory Day parade through Red Square included just one tank, itself
Adolfo Urso, the minister for enterprise in Italy, presided over a meeting in Rome where a commission consisting of lawmakers, pasta producers, and consumer rights groups gathered to address the pasta inflation crisis in the city. Italy’s government convened crisis talks Thursday to investigate the reasons behind a surge in prices for
Chris Edwards, an economic analyst at the Cato Institute, said that as the U.S. owes a whopping $7 trillion to foreigners, the federal government would be forced to either hike taxes or cut spending immediately to be able to pay the increased interest. The good news during the latest government
Bloomberg reported that the West is losing Russian gold to the United Arab Emirates, Hong Kong, and Turkey, which have not joined Western restrictions. A number of countries are snapping up Russian gold bullion after Western governments closed their markets as part of Ukraine-related sanctions on Moscow, Bloomberg reported on
The Federal Reserve purchased large amounts of government bonds and mortgage bonds to support the economy and financial markets during the COVID crisis, which has led to concerns that it is technically bankrupt. Behind closed doors, the report is already making the rounds in expert circles: if you follow the
In 2021, China derived 43% of its GDP from investment, which is twice as much as the US and other Western countries. If China shifts some of its GDP to consumption, it could reduce its trade surplus by encouraging consumers to buy more imported goods. This could potentially position China
