Precious metals news

By focusing on the compelling drama of political upheaval we're missing the real revolution, which is social and economic: the Great Resignation, a global movement which in the U.S. has largely unrecognized American characteristics.

In short, the Fed has no tools to add drag without a catastrophic reduction in output. And so inflation is a freight train hurling down an endless abyss with no brakes. Sir Hayek, was right.

The world’s major central banks have increased the global money supply by nearly 50% since the pandemic hit less than 2 years ago...

"If we want to argue deficits matter more conventionally, we’ll have to do some more theoretical heavy lifting. The usual aggregate demand stories we tell don’t cut it." ~ Alexander William Salter

"Going forward, there should be less of a one-size-fits-all approach to such policy, as a more targeted bill would minimize waste of scarce resources, and curtail detrimental consequences, like inflation, to working-class Americans." ~ Siddharth Gundapaneni

Premium telescopes, violin bows and speciality paper are bucking a deflationary trend that has defined Japan for decades - all have had their prices hiked by companies confident they can charge more without losing business.

Expectations of a first rate hike in March strengthened as the data showed the 7.0% annual increase in U.S. inflation was the largest in nearly four decades. The dollar hit session lows, extending losses logged after Fed Chair Jerome Powell on Tuesday stuck to a previously signaled stance on monetary policy. “The (U.S. inflation) number matched expectations...(but) that is still...

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China’s inflation pressures moderated in December, giving the central bank scope to cut interest rates to cushion the economy’s downturn just as most major nations look to tighten policy.

Joe Biden keeps touting the "booming" economic recovery. And of course, he's taking credit for it. But is the economy really booming?
If you look at GDP growth, it certainly appears the US economy is in the midst of a robust recovery. But economic growth is relative. And when your baseline is an economy that was shut down, any growth looks good. Of course, there is going to be growth from virtually zero.
But there is an even deeper problem with using GDP to gauge economic health. Like the government CPI formula, the GDP is calculated in a way that creates an illusion.

Inflation in the US is at historically high levels.
So, why hasn't gold taken off?
We hear this question over and over again. In this video, Peter Schiff answers this question and explains why the markets will eventually wake up to their misperception.

So the next time a politician tries to tell you to be grateful that your wages are going up or you can move to a new higher paying job, just remind him that the surge in the cost of living is outpacing wage gains, thanks to The Fed's money-largesse and Congress' lockdown policies and helicopter money have crushed the quality of life for millions.

Inflation plowed ahead at its fastest 12-month pace in nearly 40 years during December, according to a closely watched gauge the Labor Department released Wednesday.

U.S. investment firm PIMCO is looking to position portfolios for a steeper U.S. Treasury yield curve in expectation of more normal economic conditions, but also expects greater volatility as a result of coronavirus uncertainties and inflationary risks. PIMCO said on Tuesday that it was leaning toward positioning for a steeper curve as it expects a moderation in inflation to limit future interest rate hikes. It expects inflation to peak by the first quarter and moderate by the end of this year.

Jeffrey Gundlach said “recessionary pressure is building” in the U.S. economy with persistent inflation spurring Federal Reserve Chairman Jerome Powell to roll back easy-money policies.

Still, Wood dismissed concerns over inflationary pressures, reaffirming an earlier assertion that deflation remains the focus for her firm during a webcast on Tuesday. The Ark Invest CEO also said that price increases were likely to ease as supply chain issues resolve.

Federal Reserve Chair Jerome Powell sought to reassure lawmakers and investors on Tuesday that the central bank can pull off the tricky task of bringing down four-decade high inflation without damaging the U.S. economy.

From milk to beverages to produce, shoppers are seeing supplies dwindle.

Federal Reserve Chairman Jerome Powell called "high inflation" a "severe threat" during a Senate hearing today. @ylanmui reports on the Fed’s plan to take on inflation.