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July Housing Starts Slump 12.4%, Stagflation Risks Rise

Home builders aren’t a happy bunch these days. The numbers show it. Mortgage rates have climbed since the start of the war in Iran, and high home prices are keeping buyers away. What’s more, rising material and construction costs eat into a homebuilder’s profits. So, many builders in America today are saying, “Why should we...

The post July Housing Starts Slump 12.4%, Stagflation Risks Rise appeared first on Blanchard and Company.

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Why Gold & Silver Jumped Overnight

Gold jumped 4.4% from Tuesday’s close in Wednesday’s US trade, landing near USD 4,522/oz. Silver did better still, up over 6% and back above USD 67/oz. What lit the fuse was one very specific headline, that the US Treasury would double buybacks of long-dated Treasuries. This came out of the blue, and affects the 10-to-30-year

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