Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Home prices and rent are soaring faster than wages. This shattered home buying plans of generations Y and Z and put them in a rent squeeze as well.
Third is understanding the power of incentives. Bubbles are technically irrational, but the people who work in bubbles – mortgage brokers in 2004 or stockbrokers in 1999 – make so much money from them that there’s a powerful incentive to keep the music playing. They delude not only their customers, but themselves. Nothing gets people to look the other way like easy money.
Federal Reserve policy makers could start to raise their target interest rate as soon as March and shrink the central bank’s balance sheet as a next step in response to surging inflation, Federal Reserve Bank of St. Louis President James Bullard said.“The FOMC could begin increasing the policy rate as early as the March meeting in order to be in a better position to control inflation,”...
Here's the Biggest Risk With What the Federal Reserve Does With Interest Rates: El-ErianJan 6, 2022 - 12:21:10 PST
If the Federal Reserve is too heavy-handed with its interest rate hikes this year as a means to stomp out high rates of inflation, there is one critical risk that most investors probably aren't factoring in.
Jan 6, 2022 - 12:12:00 PST
With consumer prices rising substantially over the past year, the need for a higher federal minimum wage is more acute than ever—and the longer Congress waits to enact an increase, the larger that increase will need to be to establish an adequate wage floor. The Raise the Wage Act of 2021—a bill that would raise the federal minimum wage to $15 by 2025—would finally set the country’s minimum wage on the path to livable wage
I love exploring data to try and understand complex situations. My career has mainly been in finance giving rise to the name: Exploring Finance. Using data to explore the current financial landscape shows an unsustainable situation, which has led me to identify gold and silver as the best defensive investments.
The world has become a wild and wacky place since COVID was unleashed on an unsuspecting population. Since the massive spending spree by The Federal government in the USA coupled with extraordinary monetary stimulus from The Federal Reserve, US inflation has shot up to 6.8% YoY. German is also having an inflation moment. With their CPI YoY running at 5.3%, faster than the anticipated 5.1%.
After taking James Bond hostage, Auric Goldfinger does what all Bond villains do when in a position of power — he spills the beans. ‘Mr Bond, all my life I have been in love,’ he tells him. ‘I have been in love with gold. I love its colour, its brilliance, its divine heaviness… I ask you, is there any other substance that so rewards its owner?’
Hedge Funds Are Selling Tech Shares at Their Fastest Pace in a Decade As Rates SpikeJan 6, 2022 - 08:54:49 PST
The hedge fund community dumped tech stocks in the four sessions between Dec. 30 and Tuesday as interest rates spiked.
The programs in New Jersey, New York, Oregon and Texas, as well as Washington, D.C., are either closed or on hold, leaving many struggling renters cut off from their only hope of paying off their debt and staying in their homes.
The truth is, in the words of economist Milton Friedman, “inflation is always and everywhere a monetary phenomenon.” In other words, today’s rising prices are primarily the result of the Federal Reserve’s relentless creation of new money, which serves to facilitate the government’s multi-trillion dollar deficit-spending addiction.
Our quarterly report—what we prepare for institutional investors—examines the performance of gold and silver vs. other major asset classes during the fourth quarter and full year of 2021. We also review the conditions that could ignite their prices in 2022.
Jan 6, 2022 - 08:16:21 PST
After a nearly decade-long pause, Chase has resumed suing indebted customers. The bank is back to its old ways, say consumer lawyers.
Jan 6, 2022 - 08:08:48 PST
From September 17, 2019 through July 2, 2020, the trading units of the Wall Street megabanks (both domestic and foreign) took a cumulative total of $11.23 trillion in emergency repo loans from the Federal Reserve. The loans were conducted by one of the 12 regional Fed banks, the Federal Reserve Bank of New York – which is literally owned by megabucks, including JPMorgan...
The Economy / Market Look "Healthy" Until They Have a Seizure and CollapseJan 6, 2022 - 07:48:41 PST
So one index or asset or another hits a new high, wow, more proof everything is so robust and healthy, we never had it so good--right up to the seizure and collapse.
Thinks savings are soaring from fiscal stimulus handouts? From what perspective?
Cryptocurrency theft rose 516% from 2020, to $3.2 billion worth of cryptocurrency. Of this total, 72% of stolen funds were taken from DeFi protocols.
Venmo, PayPal & Cash App Will Now Have To Report Transactions Totaling More Than $600 to the IRSJan 6, 2022 - 07:29:11 PST
The IRS is cracking down on payments made through third-party apps, requiring platforms like Venmo, PayPal and Cash App to report transactions if they exceed $600 in one year.
Jan 6, 2022 - 07:18:05 PST
FEDERAL lawmakers have discussed automating stimulus payments, but state governments are already implementing the concept - and some residents can expect to receive checks this week.
The government might send out money yet again during the pandemic — but it won't be stimulus checks or enhanced unemployment.