Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
George Gammon: Can A Recession/Market Crash In 2022 Be Avoided At This Point?Dec 22, 2021 - 10:48:35 PST
With the Federal Reserve tapering monetary stimulus and then planning to hike interest rates 3 times next year -- while Congress may not be able to pass ANY more fiscal stimulus -- can a recession and/or market crash in 2022 be avoided at this point?
MMT, or Modern Monetary Theory, offers a new monetary “logic” that allows the government to spend without concern for debts and deficits. Does MMT seem too good to be true or does MMT’s fatal flaws render it troublesome?
Go ahead and become dependent on asset bubbles and the free spending of the top 5%, and optimize your economy to serve this "growth," but be prepared for the consequences when the costs of this optimization and dependency come due.
Investors increasingly believe the Fed will hike sooner and more often in 2022.
In a number of shopping corridors, asking rents collapsed by 50% to 73%, amid a slew of vacant stores. But in one corridor, rents jumped.
America’s Health Care Affordability Crisis ‘Is Growing Larger and Deeper’Dec 22, 2021 - 07:50:28 PST
The dysfunction of the U.S. health care system is continuing to place a major burden on U.S. households, especially those from vulnerable communities.
Consumer Confidence Rebounds Modestly In December, Thanks To Holiday 'Hope'Dec 22, 2021 - 07:40:43 PST
After 'hope' unexpectedly falling back to post-COVID lows in November, analysts expected a modest rebound for The Conference Board's consumer confidence survey in December and they were right, thanks to a big bounce in 'hope'. The headline consumer confidence print rose from a revised higher 111.09 to 115,8 (well above expectations). This was thanks entirely to a rebound in expectations (up from a revised higher 90.2 to 96.9) while current conditions leaked lower (down from 144.4 to 144.1)...
Dec 22, 2021 - 07:31:32 PST
While the Bureau of Labor Statistics uses a lame measure of house price inflation, US existing home sales MEDIAN PRICE YoY is growing at 13.9%.
Peter Schiff appeared on Judging Freedom with Judge Napolitano to talk about inflation.Why are we suffering from it? Who's to blame? And where is this leading?
IMF, World Bank & 10 Countries Held Alarming "Simulation" Of Global Financial System CollapseDec 22, 2021 - 05:58:23 PST
The report described that Israel led a "10-country simulation of a major cyber attack on the global financial system in an attempt to increase cooperation that could help to minimize any potential damage to financial markets and banks." It was centered on a catastrophic scenario in which "hackers were 10 steps ahead of us," according to one official who took part.
Q3 GDP Rises 2.3% In Final Estimate, More Than Expected, Due To Upward Revision In Personal SpendingDec 22, 2021 - 05:56:41 PST
Don't expect any of this news to move markets: after all, what happened in the third quarter is distant past. The question now is what happens next year now that the fiscal stimulus from the Biden's Build Back Better program isn't coming.
Dec 22, 2021 - 05:56:41 PST
The good news is that US Real GDP grew at 2.3% QoQ in Q3 thanks to massive Federal government and Federal Reserve stimulus. The bad news? Prices are growing at rate of 6% QoQ, three times higher than the growth of real personal consumption.
The German government made billions of euros from debt issuance this year thanks to negative interest rates on its securities, according to a letter, seen by Reuters, from Finance Ministry State Secretary Florian Toncar to a left wing lawmaker. When issuing federal securities to finance the budget and special funds, “payments amounting to around 5.855 billion euros were collected”,...
Global oil and gas discoveries in 2021 are on track to hit their lowest full-year level in 75 years should the remainder of December fail to yield any significant finds, Rystad Energy analysis shows.
Europe's energy crisis got even worse on Tuesday as a shortage of natural gas, nuclear outages, declining wind power output, and cold weather boosted prices.
The World Bank has cut its forecasts for China's economic growth this year and next, as the world's second largest economy faces mounting headwinds from the new Omicron variant to a severe property sector downturn.
“The policy will accelerate the pass-through from depreciation to inflation and result in a chronically higher inflation equilibrium,” De Sousa said. That “in turn will require more lira depreciation in the medium term.”
Already famed for its unpredictability, the Bank of England could get a whole lot more inscrutable as a new tightening tool comes into play.
“Financial institutions can paint a picture of themselves which makes their contribution to the climate transition more meaningful than it actually is,” said Stanisław Stefaniak, a sustainable finance researcher at the Warsaw-based think-tank Instrat.
"Potential For Extreme Havoc": $50 Trillion Question Is What If Yields Spike HigherDec 22, 2021 - 05:19:32 PST
The size of the global government bond market surged by $10 trillion in the space of two years to reach about $50 trillion. Those outstanding borrowings are at least one gorilla in the room as investors gear up for a year in which yields are expected to climb as central banks step back and economies extend their recovery.