The US Economy and the Midterm Elections – Gold Silver Reports

The US economy is growing, inflation has finally hit the US Federal Reserve’s 2% target, and unemployment is quite low – and at an all-time low for African-Americans and Hispanics. For the first time in memory, there are more job openings listed by US companies than there are unemployed people. Such conditions usually foreshadow rising real (inflation-adjusted) wages, which would indicate that American workers, many of whom were left behind in the anemic post-crisis recovery, might finally reap benefits from the strong economy.  

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Atal Bihari Vajpayee Died at 5.05pm in AIIMS Delhi

Former prime minister Atal Bihari Vajpayee, who was admitted to the All India Institute of Medical Sciences (AIIMS) for over nine weeks, passed away on Thursday, an official statement from the premier medical institute said. The 93-year-old veteran Bharatiya Janata Party (BJP) leader was in a critical condition and was continuously on advanced life support. His medical condition deteriorated in the last 48 hours, the doctors said.

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Trump, Kim Express Optimism on Path to Peace as Summit Kicks Off – Donald Trump-Kim Jong Un Summit In Singapore

Gold Silver Reports (GSR) – President Donald Trump and Kim Jong Un expressed optimism that the U.S. and North Korea could find a path toward peace, opening a highly anticipated summit between two adversaries that only last year had seemed on the brink of nuclear war. “I believe this is a good prelude for peace,” Kim said as the two men sat accompanied by top aides an hour into their meetings in Singapore. Trump responded by saying “I do, too.” Looking Kim in the eye, he said “we will solve it, we will be successful.”

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Chris Anstey Managing Editor, Asia Cross-Asset Markets – Donald Trump-Kim Jong Un Summit In Singapore

Gold Silver Reports (GSR) – Chris Anstey Managing Editor, Asia Cross-Asset Markets – Another potential implication is if these talks result in North Korea releasing people Japan says were abducted from its shores over the decades. It’s an emotive issue in Japan, and Prime Minister Abe has repeatedly pressed Trump to push on this. A release of abducted Japanese could help Abe, who’s been struggling in the polls. He faces a leadership contest in the ruling party in September.

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Rosalind Mathieson, International Government Executive Editor

Gold Silver Reports (GSR) – Rosalind Mathieson, International Government Executive Editor – It’s a commentary from state-run Xinhua News Agency — reflects China’s caution about over-egging the summit outcomes. No one, it says, would expect a half-day meeting to “iron out all differences and remove deep-seated mistrust between the two long-time foes.”    

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