Gold has all the potential to go unprecedentedly high. But silver will be gold on
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China lowered mortgage lending benchmark rates on Thursday as monetary authorities step up efforts to prop up the slowing economy, after data earlier in the week pointed to a darkening outlook for the country's troubled property sector.
The ECB has come under pressure to act after inflation in the currency bloc hit a record 5% last month. But while officials have agreed to wind down pandemic stimulus, they say an interest-rate increase is highly unlikely this year since the current bout of inflation is driven by supply shocks and a spike in energy costs, and should gradually ease.
Turkey’s central bank kept its benchmark interest rate unchanged Thursday, pausing a cycle of rate cuts and launching an “open-ended” policy review after inflation surged to its highest level since the beginning of President Recep Tayyip Erdogan’s 19-year rule.
Expect a sell-off in stocks so significant that the Fed will likely "not carry through" with all of its expected rate hikes this year, predicts macro investor Felix Zulauf.
World Economic Forum President: 'Countries Need To Collaborate,' Prepare for the Next Crisis TodayJan 20, 2022 - 04:55:20 PST
"We have to focus on rebuilding trust. There is a lot of lack of trust. Globally, we are faced with a very polarized world. And if we are going to succeed in getting trade back on track and also more inclusive growth, we also need countries to collaborate, at least on some of the key topics where there is common interest...
Building on the success enjoyed by sound money advocates in Arkansas and Ohio last year, more than a half dozen states are now considering legislation that rolls back discriminatory taxes and regulations on the sale, use, and purchase of gold and silver.
“The $1,830 had been a major wall of resistance for gold longs and the successful demolition of it puts them on the strongest footing since November,” said Sunil Kumar Dixit, technical strategist at skcharting.com. “So long as gold keeps above $1,825, then the $1,860 target is very possible.”
Gold and Silver Advances to Highest Since November as Yield Curve Flattens: MWJan 19, 2022 - 11:45:46 PST
Gold futures settled higher Wednesday for the first time in four sessions and silver rallied by more than 3%, with both precious metals settling at their highest prices since November. “ Silver may be taking the lead "as pandemic-related growth concerns ease, which is just going to further stoke inflation," said Grant.
Former Reagan economic adviser reacts to the Democrats' push for tax hikes on 'Kudlow.'
Jan 19, 2022 - 11:33:36 PST
John Williams’Shadow Government Statistics. Analysis Behind and Beyond Government Economic Reporting
In his 4th Quarter Review and Outlook, Lacy provides some interesting charts on negative real rates and recessions.
Russell 2000 Drops Below Year Ago Level. Collapse of IPOs, SPACs, Housing “Tech” Stocks, ProgressesJan 19, 2022 - 11:26:59 PST
The most-hyped stocks are collapsing, some by 90%, such as EV SPACs, as the sordid underbelly of the stock market comes systematically unglued.
The New Version of CPI for New Vehicles Will Blow Your Doors Off: Spikes Even More. WHOOSH!Jan 19, 2022 - 11:26:23 PST
The BLS finally changed one of my pet peeves in the CPI. But the “hedonic quality adjustments” will continue until the mood improves.
No Chance of Inflation Decelerating in 2022: Fmr. National Economic Council DirectorJan 19, 2022 - 09:05:21 PST
LINDSEY: We now have inflation embedded into the labor market. We have a classic wage-price spiral in all of history in the US anyway. There is never an example of getting inflation to this level, embedded in the labor market & it ending without recession… I don't think we're going to have a recession this year. Slower growth, maybe. So I don't think there's any chance at all decelerating inflation.
Jan 19, 2022 - 08:22:37 PST
The monetary explanations for in ation have focused on increases in the quantity of money: either new discoveries of gold and silver in centuries past, or at money creation by the banking system or by the central bank in modern times.
It’s no exaggeration to say Americans are fleeing these three states—whose populations are falling faster than any time in recent history.
U-Haul Vice President Stuart Shoen argues that last year's 'mass outflow' of people from California led to the most significant 'inability for us to meet our customer demand.'
$800 Billion Stimulus Program Mostly Benefited the Wealthy: MIT EconomistJan 19, 2022 - 07:57:11 PST
The MIT economist’s study finds that only 23 to 34 percent of the program’s dollars went to workers who would’ve otherwise lost their jobs—meaning the vast majority went to “business owners and shareholders.” About 75 percent of the benefits went to the top 20 percent of earners.
During the whole week, Moscow has been waiting for an answer to its proposal for a Treaty guaranteeing peace. Washington has never mentioned it. On the contrary, it has accused Russia of preparing to attack Ukraine and of planning a false flag operation to justify it. Russia can no longer back down, but any action on its part...
The autocratic superpowers are increasingly pooling their advantages in taking on the Western democracies.