Gold has all the potential to go unprecedentedly high. But silver will be gold on
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The International Monetary Fund warned the Bank of England on Tuesday to avoid an 'inaction bias' in its approach to combating price pressures as it said inflation in Britain was likely to hit a 30-year high of 5.5% next year. In an annual review of Britain’s economy, the IMF said the country had recovered more strongly than expected from the COVID-19 pandemic,...
A wrong call would have grave consequences. Keeping monetary policy expansionary for too long could allow inflation to get out of control, forcing more abrupt tightening later that chokes off growth. But scrapping the term could signal a faster stimulus exit, sparking a potential sell off in peripheral bonds along with tighter financial conditions that risk bruising the economy right now.
Federal Reserve officials this week will quicken their wind-down of bond purchases and signal interest-rate liftoff in 2022, economists surveyed by Bloomberg said, heralding a historic policy pivot to counter the fastest inflation since the 1980s.
The world's energy crisis will continue to get even worse as we head closer to the ENERGY CLIFF. Because Europe is the weakest link in the global natural gas market, it is being impacted first. Countries and regions with the highest dependency on energy imports are the most vulnerable. Thus,...
“If it can break above $1,810, it may pick up some momentum to the upside but I struggle to see that ahead of the Fed decision on Wednesday,” he said in a market update. “Then it’s a question of what gold bulls will want to see from the meeting. No taper acceleration? Pushback against rate hikes? Transitory being brought out of retirement? I’m not sure we’ll see any of these.”
A billion ounces of silver demand this year is expected to outpace silver supply leaving a 7-million-ounce deficit — the first in six years.
Experts say the reason for gold being in such great demand now is that during the coronavirus pandemic, when currencies have become very volatile, it has turned out to be a less risky investment.
Then the whole pandemic thing happened and last September I published the article, Inflation: we passed the phase transition suggesting that an acceleration of inflation was imminent, but the response was almost as nonchalant as before: very few were impressed. A bit over a year later, inflation can no longer be ignored.
‘Misery Index’ at Recession-Like Level Despite High Growth: Oxford EconomicsDec 13, 2021 - 12:58:31 PST
The nation’s economic misery, as measured by one index, is at levels typically seen during recessions, according to a new report from Oxford Economics.
Manchin raises new inflation concerns as Democrats race to pass $1.7T billDec 13, 2021 - 12:41:08 PST
Sen. Joe Manchin expressed fresh concern on Monday about soaring inflation after a key measure of consumer prices hit a 39-year record last week, but kept the door open to passing President Biden's sprawling social spending and climate plan.
Share Buybacks Surge to Record: Companies Buy as Insiders Dump like there’s No TomorrowDec 13, 2021 - 12:39:06 PST
Buy High, Don’t Buy Low. Prices are sky-high and but companies are buying them back like never before.
Biden wants more inflation. It's in everything he says and does.
I have always had a bad attitude toward official secrets regardless of who is keeping them. That prejudice and John Kenneth Galbraith are to blame for an unauthorized withdrawal I made from the World Bank.
Nirvana Economics: How Treating the Real World like an Imaginary Ideal World Leads to TroubleDec 13, 2021 - 12:33:48 PST
Over and over, people, including many economists, have misunderstood issues such as these when evaluating real world firms through the combination of simplifying assumptions that make real issues disappear and a failure to apply the self-interest test. But before we decide to follow their advice, it would behoove us to make sure we have not assumed away what is actually causing what we see. And that is even more important when we are talking about making laws on the basis of critical false premises of nirvana.
Vaccine Mandates and the Great Resignation: The Media Pretends There's No ConnectionDec 13, 2021 - 12:31:21 PST
Again, this is not proof that vaccine mandates are the primary cause of the Great Resignation, just evidence that they are likely playing a role. This is an important message to the publishers at big corporate media outlets. Conveniently leaving these discussions out of your articles will not persuade readers these topics are unrelated. Instead, it will cause them to question how a “journalist” could publish such negligent reporting. This type of behavior will only foster more distrust in mainstream institutions.
According to new data released Friday by the Bureau of Labor Statistics, price inflation in November rose to the highest level recorded in nearly forty years. According to the Consumer Price Index (CPI) for November, year-over-year price inflation rose to 6.8 percent. It hasn't been that high since June 1982, when the growth rate was at 7.2 percent.
Bank lending is deflating. Why, and what does it mean? The chart below shows the annualized percentage change in the level of commercial and industrial loans made by commercial banks in the United States of America. Having had a positive growth rate from 2011, bank lending has gone into reverse this year with deflation taking place on an annualized basis since March.
Bitcoin dropped below a closely watched price level as the slide in the largest cryptocurrency from its all-time high extended into a fifth week. The digital asset dropped as much as 8.4% to $45,773 on Monday in New York trading. The decline pushed it below its average price over the last 200 days, which currently stands around $46,720.
Another month, another record high in consumer inflation expectations. While central banks, tenured economists and the financial media are doing everything in their propaganda power to convince ordinary Americans (who don’t have the privilege of charging their Federal Reserve debit card when shopping at the grocery store) that the current phase of galloping inflation...
With irresponsible fiscal policies gone wild, we've found some of the most bold predictions on the coming US dollar collapse... you'll never believe #1.