Gold has all the potential to go unprecedentedly high. But silver will be gold on
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The world is sleepwalking into a High-Stakes Food Experiment that could turn out quite badly this year... and onwards. With Europe still suffering from a natural gas crisis on top of high energy prices, many fertilizer producers have cut back on totally shut down production....
while rate hikes can create headwinds for gold, history shows their effect may be limited.
Whether the entire interdependent global system will be able to bear the continued accumulation of public and private debt, particularly in the face of the growing need to tighten monetary policy, remains to be seen.
From stability to chaos, hubris to paralyzing fear, the era is perhaps best understood in terms of two roughly overlapping periods. The first, spanning approximately 1945–71, was characterized by relative stability. Backstopped by the dollar-centric international monetary system hashed out at Bretton Woods during the final year of World
"The Fed’s actual performance has not been ideal. Its monetary policy mistakes have had dire consequences for ordinary Americans and the US economy. Those mistakes make it clear that monetary policy matters." ~ Thomas L. Hogan
Jan 13, 2022 - 11:41:28 PST
If Warren wishes to truly rein in the costs of Americans' groceries, the solutions are clear: Cool off inflation by paring back profligate government spending; remove protectionist restrictions to allow industries to get the supply chain back on track; in the longer term, cut back on red tape to better allow competition among suppliers. These fixes may not be as flashy as “break up Big Grocery,”...
Summers believes that inflation is unlikely to come down to where the Fed would like it to be without rates going above 2.5 percent. But, given both concerns about the markets and, I’d guess, even more so, the level of government debt, it is hard to imagine that the Fed will be prepared to let rates (or expectations of rates) get that “high” (in real terms...
From manufacturers to mom-and-pop online retailers, shippers pay historic amounts to transportation companies.
Global Economy Heading For "Mother Of All" Supply Chain Shocks As China Locks Down PortsJan 13, 2022 - 11:11:43 PST
Meanwhile, if we see a "surprise" drop in growth in the coming months, the Fed will have no choice but to delay or at least stagger its tightening as the last thing the Fed can afford to do is hike into another recession, which will then quickly be followed with even more easing.
Russia May Deploy Troops To Venezuela, Cuba If Tensions With US Continue To RiseJan 13, 2022 - 09:22:31 PST
and on Thursday, after saying talks with the U.S. over the security situation in Ukraine had stalled, Russia’s deputy foreign minister suggested that Moscow could dispatch a military deployment to Venezuela and Cuba, as the Kremlin seeks to pressure Washington to respond to its demands to halt Western military activity that it says threatens Russia.
The latest seasonally adjusted inflation rate for December was .46% month over month, with a non-seasonally adjusted annual rate of 7.0%. For the second month in a row, actuals were in line with expectations. As the chart below shows, December has reinforced a downward trend after a .95% reading in October.
The Chinese government has published a major plan to boost its global competitiveness in the digital economy before 2025, as the US is reportedly moving forward with a bill to authorise billions of dollars in funding to bolster US capabilities amid the US-China tech war. The 14th five-year plan on the "digital economy", published by China's State Council, or cabinet, is broad in scope, covering everything from communications to e-commerce. It will be a "a key force in reorganising global resourc
Europe is nearer war than it has been in 30 years, Poland's foreign minister warned during the third round of diplomacy this week aimed at defusing tensions over Russia's demand that Ukraine never be allowed to join NATO.
Across the country, supermarket employees are calling out sick after contracting Covid-19 or getting exposed to the virus, prompting retailers to manage operations with fewer staffers, while shopper demand for groceries remains high.
Nearly 60% of U.S. CEOs expect elevated inflation to continue until at least mid-2023, according to a survey by the Conference Board, with labor shortages their top concern for 2022.
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$1,051,873,000,000: Record Federal Tax Collections Top $1 Trillion in 3 MonthsJan 13, 2022 - 07:36:35 PST
Total federal tax collections in the first three months of fiscal 2022—October through December—set a record as they topped $1 trillion, hitting $1,051,873,000,000, according to the Monthly Treasury Statement released today.
The IRS is warning that there may be delays processing tax returns and sending refunds this year. To receive yours in a timely manner, file early.
Jan 13, 2022 - 07:01:12 PST
Representative Tom Emmer has a good idea but his bill needs at least two more items.
Worst inflation in 40 years is spreading deeper into the economy.