Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Some 2,000 foreign contractors and nonprofits in 177 countries received more than $6.4 billion in United States’ federal pandemic response assistance between the spring of 2020 and the fall of 2021, according to a report by the U.S. Office of Inspector General’s (OIG) Pandemic Response Accountability Committee (PRAC).
More than a decade after the Great Financial Crisis, it seems that we are faced with the same questions as in 2008. Can the current financial system be relied on for much longer? Is our future in more high-tech solutions, more green energy, more consumption at all costs? Or do we need to, finally, start thinking about the Real Reset. Because a reset is coming, whether we like it or not... but it might be different than what most think it's going to be.
Gold prices slid to more than a two-week low Thursday, as the dollar rallied after economic data strengthened the case for a March Fed rate hike.
China’s 2021 gold consumption rose by over a third from the previous year, as its economy rebounded from the coronavirus impact, the China Gold Association said on Thursday. Consumption in the world's largest gold consumer rose 36.53% year-on-year to 1,120.9 tonnes. It was also up 11.78% compared with consumption in 2019, before the pandemic.
The Fed Has No Real Plan, and Will Likely Soon Chicken Out On Rate HikesJan 27, 2022 - 11:51:11 PST
Overall, the impression one gets from watching the Fed today is that it's most certainly not in control of the situation and is hoping to muddle through. It's still unclear which way the Fed will go, however. Will it choose inflation or recession? Either way, a lot of people are likely in a lot of trouble.
A general decline in prices is good news for wealth generators, since deflation means the economy is cleaning out its bubble-fueled, wealth-destroying activities.
The Federal Reserve is aware of the “bubble of everything” created in recent years and the elevated levels of debt throughout the economy. Unfortunately, the Fed has already left rates low, and asset purchases high, for too long to prevent an inevitable negative economic effect. Even worse, the solution will likely be to repeat the same policies that created the conditions for excess.
Fed's Fisher: Market Must Take Off "Beer Goggles" Because Powell's Not Coming To The RescueJan 27, 2022 - 11:37:16 PST
"The market has been wearing beer goggles for the longest possible time. Everything looks beautiful because money was free. They just assume the Fed is going to bail them out. The strike price on the Fed put has moved significantly," says Richard Fisher.
The advance GDP estimate for the 4th quarter of 2021 looks robust but details reveal otherwise.
The bounce hit as I had expected, but I must be honest… things got pretty hairy there for a few hours on Monday. The issue now is where do we go from here? Stocks are still in deep trouble. First …
In early December when the markets were hitting new high, contrarian forecaster David Hunter predicted that the S&P would soon correct by 10%. And that’s exactly what has happened this month, with his downside target of 4300 getting hit in Monday’s washout.
Commodity prices soared to an all-time high, underscoring the inflation concerns that prompted Federal Reserve Chair Jerome Powell to open the door to faster rate hikes to cool the hottest price rises in almost 40 years.
Americans are predicting that inflationary pressures will continue to build up steam, while about half are claiming financial hardships because of the rise in prices, indicating a morose economic outlook at least for the next six months.
…. Inflation is the loss of the purchasing power of the dollar…. By December 2021, the purchasing power of $100 in January 2000 dwindled to $60.60:...
The central bank should have stopped its asset purchases immediately and given a clearer signal on rate increases. The Federal Reserve’s statement on Wednesday delivered what markets wanted and expected. In the process, however, the central bank has fallen further behind economic developments on the ground.
With rapt attention from all across the nation, the High Priest of Finance at the Federal Reserve took his position behind his presser pulpit. Biting his quivering lip again and again, he uttered his benediction over the US economy. He made sure to carefully speak the words I hear repeated across the nation like a mantra: “The Economy is Strong.”
The conclusion we must reach is that the level of consumer price inflation does not matter to relative corporate bond performance. It does, however, matter for nominal performance. More semantics, some may say. What really matters is how it affects one’s wallet.
For starters, the Fed is hiding behind Covid. It continues its amazingly asymmetric policy of being hyperactive after bubbles pop but being extremely accommodative until they do pop.
This may be a big problem for Powell as pending home sales are often looked to as a leading indicator of existing-home purchases given properties typically go under contract a month or two before they’re sold
Several states are considering bills to repeal the sales tax on precious metal bullion during the 2022 legislative session. Passage into law would relieve some of the tax burdens on investors, and would also take a step toward treating gold and silver as money instead of as commodities.