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.
Articles by Mike Maharrey
According to your friends on Facebook, Joe Biden has gifted us with record-breaking stock market highs.Is this true, or is something else going on?It is true stocks have soared to new heights multiple times over the last several months. So...
We’ve been told the economy is strong for more than a year. The strong labor market with millions of new jobs serves as a primary data point to support this claim.But the headline numbers don’t tell the whole story. The labor market...
Don’t worry. It's fine. The Federal Reserve has everything under control. This seems to be the prevailing attitude in the marketplace.Sure, the Fed lost control of price inflation for a while, but that wasn’t really its fault. It was...
The June federal budget deficit was "only" $66 billion. This looks like a big improvement, but it wasn't. Even more concerning is the fact that interest on the accumulating debt is eating up nearly one-third of federal tax receipts....
U.S. government borrowing and spending never stops. The federal government ran another big deficit in June, as the national debt inches closer to $35 trillion.$35 trillion USD.Trillion with a 'T.' That's an unfathomable number....
By all accounts, the June Consumer Price Index (CPI) report was great news, but you might want to take it with a grain of salt.This apparent victory over price inflation likely means the Fed will surrender to inflation. This CPI...
If you believe the headlines, the employment situation in the U.S. is still solid.Maybe you shouldn't believe the headlines.They tend to bury the lead.We got the June jobs report from the Bureau of Labor Statistics (BLS) on Friday. The...
After paying down credit card debt in April, American consumers went back to running up the plastic in May. But borrowing for big-ticket items remained sluggish, indicating consumers are still struggling to make ends meet in this...
The political class keeps gaslighting us and trying to convince us that price inflation isn’t as bad as we think.The fact is it’s probably worse than we think.People like Paul Krugman keep saying Americans don’t realize how good they have...
The Federal Reserve is losing over $1 billion every week and you're on the hook.Since September 2022, the central bank has reported losses of around $176.4 billion. If it were a real company, it would be considered bankrupt. ...
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