Gold price exceeds the inflation-adjusted peak reached in 1980
Gold prices have hit a new inflation-adjusted record, surpassing a peak established over 45 years ago, driven by growing concerns about the U.S. economy. This marks a significant continuation of a bullish trend over the past three years. In October, gold spot prices surged nearly 5%, reaching an unprecedented high of $3,674.27 on a recent […]
How It Started … How It’s Going: Inflation-adjusted hourly wages lower today than when Biden took office
Michael Lee, founder of Michael Lee Strategy, and Garrett Nelson, CFRA senior equity analyst and vice president, consider the impact of the UAW strike on the stock market. Wage growth in the United States has lagged behind inflation in most countries. President Biden’s term The current average hourly wage is below the level in January […]