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
It appears cooling price inflation was “transitory” to borrow a favorite Federal Reserve term from a bygone era.The Consumer Price Index (CPI) for March was hotter than expected by every metric.The consensus was price inflation would show...
After moderating credit card spending in January, American consumers pulled out the plastic yet again in February.Credit card balances surged, driving overall consumer debt up by another $14.1 billion, a 3.4 percent annual increase....
With Russia taking the lead, the BRICS bloc is talking about creating a new payment system that isn’t controlled by the United States and that is not dependent on the dollar.Such a system could accelerate de-dollarization.BRICS is an...
If a formula spits out a number you don't like, just change the formula so you get a better number!That’s exactly what the Bureau of Labor Statistics did to the Consumer Price Index formula in the 1990s. Because the CPI kept indicating...
Everybody wants to know when the Federal Reserve is going to declare victory over price inflation and begin loosening monetary policy.The real question is - when are they going to make monetary policy tight again?Because despite all the...
You've almost certainly heard of Bernie Madoff's Ponzi scheme. He was sentenced to 150 years in prison for running it. Well, as Mike Maharrey explains in this episode of the Money Metals' Midweek Memo, Joe Biden is overseeing an even...
Gold has garnered a lot of attention in the last few weeks with its record-setting run. Since the end of February, gold is up nearly 7 percent and set an all-time record of $2,195 an ounce along the way.This is really good news for ...
In an interview on the Russian news agency TASS, Kremlin aide Yury Ushakov announced that the BRICS nations plan to develop a new payment system based on the blockchain.This sets the stage for further de-dollarization and could...
Silver demand is expected to hit 1.2 billion ounces this year. That would rank as the second-highest annual silver demand on record.Record industrial demand for silver is expected to drive overall silver offtake this year, according...
What drives the price of silver?Understanding silver pricing can be tricky because of the metal’s dual nature. It is an industrial commodity, but fundamentally, silver is money.A recent report by the Silver Institute ...
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