Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Here is a chart of mortgage purchase application (NON-seasonally adjusted). What will happen when the new year starts and purchase applications began rising?
Jan 5, 2022 - 08:29:35 PST
Available inventory for purchase peaked back in the 2007-2008 period during the dreaded housing bubble in the US. But inventory for sale has declined ever since. Why?
“I’ve never seen anything like this,” says Kaji, who had to tell the prospective client that he couldn’t guarantee to find people qualified to work that kind of machinery. “A low-wage employee, with little education, can run through a door and get a job.”
If so, much may depend on how long supply chains remain compromised, and monetary policy committees can do little about shortages of electronic parts and over-burdened ports. Executives, meanwhile, have been fielding questions about supply bottlenecks, as those concerns become a regular fixture during earnings calls. “We’re not anticipating an improvement to the unprecedented global supply chain conditions,”
The Biden administration appears to be heading in the direction of waging a two-front Cold War over Ukraine in Eastern Europe and Taiwan in East Asia, both of which could turn "hot" any day. The imprudence of such an approach should be obvious, but the great danger is that such "crises" could get out of hand before the leaders involved step back from the brink.
Many scholars consider the risk of a civil war to be remote, and I suspect they're right. But these recent pieces by Marche, Chait, Millman, and Beauchamp are still worthwhile, because a remote possibility that's extremely bad is still worth attempting to forestall.
Does this feel like a good time to be tightening monetary policy?
This metric is rarely talked about. It’s uncomfortable for retail executives to acknowledge that their customers or, worse still, their employees are stealing from them. But theft has long been a bugbear for retailers, and it’s now been thrust into the spotlight by a spate of increasingly violent robberies across the U.S.
The IRS issued more than 169 million payments in the third round of direct stimulus aid, with the $1,400 checks reaching most American households. But some advocates and lawmakers are pushing for a fourth round of stimulus aid that would effectively send recurring payments until the pandemic ends.
Peter Schiff and Santiago Capital CEO Brent Johnson got together on the Rebel Capitalist podcast to debate the trajectory of the dollar in 2022. Johnson is bullish on the dollar. Peter thinks the greenback is going to tank.
Gold prices edged higher on Wednesday as rising Omicron variant coronavirus cases helped its safe-haven appeal, but trading was range-bound as investors awaited the minutes of the U.S. Federal Reserve's latest policy meeting as rate hike bets grow.
Bond King Jeffrey Gundlach: The Yield Curve May Be Sending a Recessionary SignalJan 5, 2022 - 05:41:13 PST
DoubleLine founder Jeffrey Gundlach is concerned about the path of the U.S. economy. Gundlach believes the bond market is suggesting an economic slowdown is in the cards this year. And as such, the yield curve is a must watch for investors right out of the gate.
ADP reported private payrolls rose a stunningly better than expected 807k in December (almost double the 410k expectation and compared to the 384k expectations for payrolls on Friday).
How are the dollars and cents of your life changing as we move into 2022? Peter Schiff joined University of Miami Business School Dean John Quelch and host Holland Cooke on RT's "Big Picture" to talk about the year ahead. Peter left us with an ominous warning. 2022 will be worse than 2021 as inflation continues to mount.
While the ECB sees consumer-price growth slipping below its 2% goal as supply-chain snarls are resolved and soaring energy costs ease, it must stay vigilant amid the persistent threat from Covid-19 and the elevated economic uncertainty, the Latvian central bank chief said.
The bond market has wasted little time pushing Treasury yields sharply higher in the early days of 2022, underscoring concern that elevated inflation will spur more aggressive monetary-policy tightening from the Federal Reserve.
Asset Prices Are Climbing as Debt Soars. Will We Be Ready When the Music Stops?: Barron'sJan 5, 2022 - 05:22:44 PST
Asset prices are expanding rapidly while debt soars throughout the financial system. We need to ask if policymakers are really better prepared than 2008, Desmond Lachman writes.
Investors gauging the likely timing of the Federal Reserve’s first interest-rate hike and its kick-off for shrinking a balance sheet now at a record $8.8 trillion will get fresh clues on Wednesday, with minutes of policy makers’ meeting last month.
Poland staged the world’s first interest-rate hike this year and signaled it’s ready to do more, intensifying the battle against inflation that’s poised to hit its highest point this century.
Democrats are likely to lose control of one or both houses of Congress in this year’s midterm elections. But they may face an even bigger danger: A steady flow of Americans out of traditional blue states on the coasts and in the upper Midwest into red states mostly in the South.