Why gold is having its best year since 1979

A recent Fannie Mae survey reveals that nearly 70% of Americans believe the U.S. economy is on the wrong track, with only 32% feeling optimistic about its direction. This sentiment reflects growing concerns about economic stability and could influence consumer behavior and policy decisions. Understanding public perception is crucial as it can impact everything from spending habits to political agendas.

Gold has reached a historic milestone, surpassing $4,000 per ounce for the first time, driven by investors looking for a safe haven amid rising political uncertainties in the US, France, and Japan. This surge marks the largest rally for gold since the 1970s, highlighting its enduring appeal as a stable investment during turbulent times. As global tensions rise, many are turning to gold to protect their wealth, making this development significant for both investors and the broader economy.

The current price of gold is drawing attention as many seek a hedge against economic uncertainty. With fluctuating markets and rising inflation, gold remains a traditional safe haven for investors. Understanding its price movements can provide insights into broader economic trends and help individuals make informed financial decisions.

Gold prices have reached an unprecedented $4,000 per ounce, marking a significant milestone in the market. However, this surge is largely attributed to the ongoing US government shutdown, which raises concerns about economic stability. While higher gold prices might seem beneficial for investors, they often signal uncertainty and potential financial turmoil, making this news more alarming than it appears.

The Federal Reserve's recent interest rate cuts haven't eased the financial burden on American borrowers, largely due to a 'policy dysfunction surcharge' stemming from reckless government spending and political pressures. This situation has led to long-term interest rates that exceed inflation expectations, costing the U.S. economy a staggering $160 billion annually. This matters because it highlights the disconnect between monetary policy and real-world financial relief for households and businesses, ultimately affecting economic growth and stability.

The ongoing government shutdown is projected to cost the U.S. economy around $15 billion each week, according to Kevin Hassett, the Director of the National Economic Council. This significant financial impact highlights the urgency for lawmakers to reach an agreement and end the stalemate, as the longer the shutdown continues, the more detrimental it becomes for businesses and workers alike.

Kevin Hassett, the Director of the National Economic Council, has raised alarms about the ongoing government shutdown, estimating it could cost the U.S. economy around $15 billion each week. In a recent interview on CNBC’s 'Squawk Box,' he referenced a White House report that highlights the potential severe economic fallout if the shutdown persists. This situation is critical as it not only affects government operations but also has broader implications for businesses and workers across the nation.

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The recent subway beating death in NYC has raised serious concerns about public safety, especially since the suspected attacker, David Mazariego, had a prior incident that suggested he was dangerous. A security guard's chilling account of their encounter with Mazariego highlights the need for better measures to prevent such violent acts. This situation is alarming as it underscores the potential for similar tragedies to occur if individuals with a history of violence are not adequately monitored.

President Trump recently held a roundtable at the White House with conservative influencers to discuss the administration's crackdown on left-wing groups, particularly antifa. This event comes amid ongoing protests in Portland and Chicago, where the president has faced pushback from local officials regarding federal intervention. The meeting underscores the administration's focus on addressing what it perceives as rising threats from these groups, raising concerns about the implications for civil liberties and local governance.

The Supreme Court seems ready to support a GOP representative's challenge to Illinois mail-in ballot rules, which could lead to numerous lawsuits against state election laws before upcoming elections. This is significant as it may set a precedent affecting how elections are conducted across the country, potentially influencing voter access and election integrity.

Federal and local law enforcement officials have arrested a man in connection with the devastating Palisades fire that occurred in January, which tragically claimed the lives of a dozen people and destroyed thousands of structures. This arrest is significant as it brings a sense of justice to the victims and their families, highlighting the commitment of authorities to hold accountable those responsible for such catastrophic events.

In a recent White House video, former President Trump criticized Chicago Mayor Brandon Johnson and Illinois Governor JB Pritzker, labeling them as 'grossly incompetent.' This public attack highlights the ongoing tensions between Trump and Democratic leaders in Illinois, reflecting broader political divisions that could influence future elections and governance in the state.