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All American Gold

Thoughts, stories and ideas.

PCE Inflation Surges Further Away from Fed’s Target, now Nearly Double the Fed’s Target, and 5+ Years above Target

The all-items PCE price index jumped by 0.40% in April from March (+4.9% annualized), on top of the 0.66% spike (8.3% annualized) »

$250 Oil & 11% Inflation, Worst Case in 2026 – Ed Dowd

Wall Street money manager and financial analyst Ed Dowd of PhinanceTechnologies.com warned at the beginning of April that the economy was already rolling over. He »

Energy inflation has been more persistent than expected, Fed’s Goolsbee tells CNBC

Energy inflation tied to the war in Iran has lasted longer than expected, creating a “stagflationary shock” for Asian economies, Chicago Federal Reserve President Austan Goolsbee »

Gap shares tumble 13% as retailer cuts sales guidance after disappointing Old Navy performance

Sales at Gap’s largest brand Old Navy fell short of expectations during its fiscal first quarter, leading the retailer to cut its sales guidance on »

99 Percent of CEOs Are Preparing to Lay Off Workers and Replace Them With AI Within Two Years, Survey Finds

Fear of AI is at an all-time high. Not fear of a Skynet-style superintelligent singularity seizing power, generally speaking, but of something perhaps just as horrifying: »