Precious metals are apparently waking up. And here is where you can find the best deals.
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In order to understand the effects of inflation it is helpful to understand that inflation is not a general rise in prices as such, but an increase in the supply of money which then sets in motion a general increase in the prices of goods and services in terms of money.
May 13, 2021 - 12:41:34 PDT
Standards of living have taken enormous leaps forward. Don't credit or praise the Socialists.
State of US Debt Slaves: Fed “Confounded” as They Pay Down Credit Cards, Other High-Interest DebtMay 13, 2021 - 12:31:53 PDT
Forbearance Effect: Serious delinquencies of mortgages & student loans plunge to record lows because delinquent loans in forbearance don’t count as delinquent.
The dollar held steady near week highs on Thursday after the U.S. Labor Department reported higher producer prices in April, further evidence that inflation is rising in the United States.
The April price surge can be explained away by economic aberrations, but the Covid recovery is sure to include other scary surprises.
It's not a good day for cryptos which after being hammered earlier on the Elon Musk reversal, just legged lower after a Bloomberg report that the world's biggest cryptoexchange Binance is under investigation by the Justice Department and Internal Revenue Service.
Interest Rates on New Federal Student Loans Will Rise by Nearly 1% As of JulyMay 13, 2021 - 11:37:47 PDT
The interest rates on federal student loans will rise by nearly 1% starting in July. Here's what else borrowers need to know.
More Than 1 Million Americans Will Lose Supplemental Unemployment Benefits in 14 StatesMay 13, 2021 - 11:26:19 PDT
More than 1 million people will see a loss or reduction in jobless benefits due to state withdrawal from federal unemployment programs.
"I don't understand why money is leaving my pocket and going into the pocket of somebody who is wealthy."
Yesterday, the Bureau of Labor Statistics (BLS) released numbers indicating that the average price level of consumer goods has risen 4.2% since this time last year. This is the highest rate since 2008. Some economists say "don't sweat it." This economist says they're wrong.
Are short-term interest rates rising or falling around the world? In this infographic we show interest rates by country in 2021.
Gold bounced off a one-week low hit earlier on Thursday as the U.S. dollar and Treasury yields slowed their advance, bolstering the precious metal’s appeal.
Should the nascent trends in inflation and interest rates prove to be more than "transitory," it would appear that the gold price could be significantly undervalued.
This isn’t that great a reaction to numbers that could still prove transitory. But the reaction in stocks does demonstrate that they have been priced for perfection. If inflation does take root, they have plenty of room to fall further.
...house prices soared even as the world suffered its worst slump since the Great Depression. From New Zealand to the United States, Germany, China and Peru, the same phenomenon has taken hold: home prices are skyrocketing, and many buyers are panicking.
Many Democrats and Republicans act like spending isn't an issue. Here's why they're wrong.
May 13, 2021 - 09:01:15 PDT
According to Leuthold Group, the S&P 500 Index is at risk of falling 37% should its multiples to sales and earnings return to their mean levels since 1995, a starting point picked to capture a broad upward shift in valuations.
Bank of Canada Says Qe Can Widen Wealth Inequality, Is Probing Its EffectsMay 13, 2021 - 08:39:57 PDT
The Bank of Canada said on Thursday that some of the monetary policy tools it is using to address the COVID-19 pandemic, such as quantitative easing (QE), could widen wealth inequality and that it was looking closely at the issue.
"The Fed’s operating framework systematically tends towards the abuse of life, liberty, and property. If we want to fix this, we need to take a much closer look at the relationship between money and freedom. Only if we understand this relationship, philosophically, economically, and...
"No Panic": Markets Surge As "Transitory Inflation" Narrative Reasserts ItselfMay 13, 2021 - 08:16:25 PDT
It seems that the "non-transitory" inflation panic that gripped markets yesterday, resulting in the biggest one-day drop in the S&P since February, is gradually transitioning to "transitory" again, and even though today's y/y PPI print of 6.2%, the highest on record, reaffirmed the soaring prices narrative...