Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Democrats have been fond of calling their latest “Build Back Better” spending plan “transformative.” But minus key exceptions, it’s just a trillion-dollar grab bag of recycled government “stimulus” benefits.
Much of the remaining government COVID relief is aimed at more targeted groups, and one of those smaller sets of Americans will have stimulus payments coming in 2022. Surely, many households that can expect the money will need it to cover the bills or deal with debt.
What would be truly optimistic would be to surrender our dependence on asset bubbles and malinvested debt to prop up an unstable delusion of effortless "wealth."
Dec 27, 2021 - 10:04:08 PST
Housing in the US is getting “simply unaffordable.” And it has gotten far worse over the past year. Thanks to BAD government policies.
Dec 27, 2021 - 10:00:38 PST
So, there are a number of meme stocks (GameStop is just one example), gold, silver, cryptos such as Bitcoin and Ethereum. But gold seems to be placid with respect to inflation, but the meme stocks and cryptos seem to be motoring. Or is it rage against the financial machine? Or rage against Bidenflation??
For more than a century, an inflationary monetary policy has plagued the United States. Most recently, price inflation has become the most obvious consequence of the Federal Reserve’s actions to the public. Other effects, while less visible, have been no less pernicious. Indeed, inflation is particularly insidious because rising prices can mask a transfer of wealth. Additionally, the Fed’s policies of artificially low interest rates and quantitative easing have discouraged savings and fueled boom-bust cycles
"It’s no surprise that economic types want to believe all good things run through central planners, but readers of political and economic commentary would be wise to be skeptical. The Fed’s power is well overstated."
The stock market’s whole Ponzi Sector is melting down – just look at the ARK Innovation ETF, a well-curated basket of the largest listed Ponzi Schemes.
Inventories of New Houses for Sale Highest since 2008, Spike in Construction Costs in 50 YearsDec 27, 2021 - 08:23:33 PST
A look at massive distortions and massive supply in the pipeline.
Here is the yield curve as it looks like now. What will it look like if the Fed hikes thrice in 2022?
Dec 27, 2021 - 08:19:03 PST
Biden has unleashed a slew of executive orders. More are coming, and they will impact you.
Nearly one year ago, Larry Summers, the esteemed former Clinton advisor, was met with a flurry of attacks from his fellow Democrats after he warned that the new administration's plans to massively expand social spending on top of the massive COVID-inspired stimulus programs would cause inflationary pressures to skyrocket.
Dec 27, 2021 - 08:05:41 PST
Global debt surged to a record $226 trillion last year, raising concerns about its sustainability as interest rates rise, the International Monetary Fund said.
In its prolonged freezing of Venezuelan assets, the UK continues to withhold 31 tons of its gold stored at the Bank of England, with a new Supreme Court ruling supporting the seizure.
The rise in sales comes after two years of contraction. Gold jewellery sales fell by 80 per cent last year, as the pandemic disrupted countless weddings, which are key drivers of demand. In 2019, sales fell 40 per cent amid the city’s social unrest.
Gold spent the better part of 2021 consolidating sideways, which eroded most bullish sentiment. With little upside momentum to chase, investors largely abandoned this leading alternative asset. And gold-futures speculators freaked out and fled multiple times on Fed-tightening fears. While all that left gold in the doghouse, this metal’s technicals are wound tight in a gigantic bullish pattern implying big gains coming.
How Could They Have Thought That Money Printing and Debt Creation Could Create Wealth?: Bill GrossDec 27, 2021 - 05:46:03 PST
How could policymakers have allowed so much debt to be created in the first place, and then failed to regulate their own system accordingly? How could they have thought that money printing and debt creation could create wealth instead of just more and more debt?
Used Car Prices Are Rising Faster Than Bitcoin, Market Researcher Jim Bianco WarnsDec 27, 2021 - 05:37:43 PST
Jim Bianco of Bianco Research finds used cars were a better investment than bitcoin in 2021's second half.
Retailers and restaurants are looking to robots and other technology to keep up with demand amid a labor crunch and booming online sales.
The decline was largely driven by two periods of heavy sales in government debt. At the beginning of the year, investors plunged longer-term government bonds into the so-called “reflection trade” because they bet that the recovery from the pandemic would usher in a period of sustained growth and inflation. Then, in the fall, shorter-date debt got a hammer when central banks indicated they were preparing to respond to high levels of inflation with interest rate hikes.