Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Dec 29, 2021 - 05:38:12 PST
Private security contractors report that a recent string of high-profile retail robberies and home burglaries in upscale Los Angeles neighborhoods has caused a dramatic uptick in requests for their services and prompted many of their wealthy clients to change their routines out of a mix of caution and fear.
More Than Half of U.S. States Will Raise Their Minimum Wage in 2022, but Employers Are Hiking FasterDec 29, 2021 - 05:36:52 PST
Twenty-six U.S. states will raise their minimum wage in 2022. Activists have pushed for $15 an hour, but some are setting their sights on an $18-per-hour rate.
China’s economy expanded at a moderate pace in the final month of the year, supported by better business sentiment, easing factory inflation pressures and faster car sales. However the slumping property sector and slowing external demand are clouding the outlook for the world’s second-largest economy.
Chinese technology shares listed in Hong Kong slipped as trading resumed after the long weekend, showing that investor sentiment toward the battered sector remains weak heading into the year-end.
Despite months of sustained inflation and deeply negative inflation-adjusted wage growth, American consumers have hung tough -- the University of Michigan’s final sentiment index actually rose in December. However, the inflection point for demand is nearing, in the eyes of Miller Tabak + Co.’s Matt Maley.
Risk of Double Dip Recessions As Inflation and COVID Restrictions Bite, World Bank WarnsDec 29, 2021 - 05:16:42 PST
Soaring inflation and tough Covid restrictions risk triggering double dip recessions, the World Bank has warned, as countries run out of economic ammunition after two years fighting the pandemic.
I've got good news and bad news.The good news is you probably put a little more money in your pocket in November.The bad news is inflation ate up all your income gains and then some.Real personal incomes fell 0.2% in November despite a healthy gain in nominal income.
U.S. EXPORTS A GREAT DEAL OF DOMESTIC OIL PRODUCTION: Which Countries Receive The Most... You May Be SurprisedDecember 29, 2021
Ironically, the U.S. Shale Oil Industry has exported nearly 40% of its production overseas while the U.S. Strategic Oil Reserve declined. This is similar to the U.S. energy industry exporting more propane to foreigners than to its domestic consumers. How about them APPLES??
The bottom line on all this is a setup so bullish in silver so as to defy words. I still stick by my contention that if the big 4 COMEX shorts don’t add aggressively to short positions on the next silver rally, we will be off the races and that Bank of America will be the big loser. For every dollar silver moves higher, it stands to lose $500 million or more. This new OCC data only adds more bullish fuel to the coming silver fire.
Normally, as part of the creative destruction process in economic downturns, the financial system gets purged of excesses. In the subsequent recovery, the health of the economy is restored in a natural way as new leadership arises from sectors and industries that are inherently different from those of the prior expansion.
Soaring inflation, rising interest rates and further supply chain disruption will fuel volatility, economists say
On paper, the U.S. central bank’s policy-setting committee is set for a hawkish lean this year as incoming voters in the annual rotation among regional Fed presidents replace some colleagues who’ve typically been more dovish.
Join Mike Maloney as he analyzes some of the latest predictably stupid ideas emerging from the White House.
Worthwhile discussion and historical perspective. Lacy Harris Hunt is an economist and Executive Vice President of Hoisington Investment Management Company. He is Vice-Chairman of HIMCO's strategic investment policy committee and also Chief Economist for the Wasatch Hoisington Treasury Bond Fund.…
The U.S. Federal Reserve would have you believe that unwinding quantitative easing and normalizing interest rates are possible, but there is too much debt in the global system for that to work, Frank Giustra argues.
Biden-Backed Antitrust Crackdown Could Worsen Inflation, Larry Summers WarnsDec 28, 2021 - 11:38:06 PST
The Biden administration’s push to crack down on antitrust violations could cause the ongoing inflation crisis to worsen rather than improve, economist Larry Summers warned this week.
Dec 28, 2021 - 11:29:25 PST
On December 5, 1996, Alan Greenspan, then chairman of the Federal Reserve, gave one of his most memorable speeches, “The Challenge of Central Banking in a Democratic Society.” In that speech, given while accepting the Francis Boyer Award from the American Enterprise Institute (AEI), he coined the term “irrational exuberance.” Greenspan asked, “How do we know when...
Thomas Hoenig knew what quantitative easing and record-low interest rates would bring.
Wealthy Investors Want To Own a Little Less of the Everything Bubble in 2022Dec 28, 2021 - 07:41:35 PST
Millionaire investors surveyed by CNBC say that there isn't a single asset class where they are planning to increase portfolio exposure in 2022.
Local guaranteed income pilots have given more than 5,400 U.S. families direct cash payments since 2018, as momentum has grown for UBI-style programs.