Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Monetary policy is in turmoil. Ever since the financial crisis erupted eight years ago,* major central banks have fundamentally reformed the way they create and absorb money. Their activism has failed to extinguish the fires. There are already plans to equip monetary policy with new tools, such as the elimination of cash and “helicopter money” in order to face the challenges of the...
Averaging stock market capitalization to GDP ratios from seventeen developed economies over the past 150 years reveals the world has never witnessed an equity bubble of the current magnitude.
Could the Fed trigger the next “financial crisis” as they begin to hike interest rates? Such is certainly a question worth asking as we look back at the Fed’s history of previous monetary actions. Such was a topic I discussed in “Investors Push Risk Bets.” To wit: “With the entirety of the financial ecosystem more heavily levered than ever, the “instability of stability” is the most...
United States consumer confidence has plummeted to a decade-low in November. The University of Michigan’s consumer sentiment index fell to 66.8 in November, down sharply from the October figure of 71.7 and well below consensus forecasts of 72.4. Inflation is hurting consumers and the impact on daily purchases is more severe than what the Federal Reserve...
In one recent thread, Weisenthal mocked the people worried about the falling purchasing power of the US dollar, and claimed that it would be immoral for currency to maintain its value over time.
The supply chain mess bogs down home construction.
The Fed and ECB have been adding to their balance sheet at an amazing pace. Who's in the lead? And what about Japan and China?
Atlanta, it turns out, is posting faster price increases than any other major metropolitan area in the country, a side effect of the economic boom it’s undergoing.
From appliance stores in the United States to food markets in Hungary and gas stations in Poland, rising consumer prices fueled by high energy costs and supply chain disruptions are putting a pinch on households and businesses worldwide.
German inflation surged more than expected in November, complicating the European Central Bank’s mission to convince consumers that the current spike will soon ease. Prices increased an annual 6% under a European-Union harmonized measure. A national gauge rose to 5.2%, the highest since 1992.
Americans born after 1980 have been wrestling with sharp price increases for the first time since they’ve been old enough to notice.
Singapore increased its gold reserves by about 20% earlier this year in a largely under-the-radar move that saw holdings expand for the first time in decades.
Gold prices edged higher on Monday as concerns over the impact of the Omicron coronavirus variant offset a stronger dollar, with investors assessing whether the emergence of the variant could change the U.S. Federal Reserve's hawkish stance.
The omicron variant is dealing a blow to optimistic hopes that the world economy would enter 2022 on a firmer footing, potentially undermining plans by policy makers to focus on inflation rather than weak demand.
Allianz SE’s Mohamed El-Erian urged the Federal Reserve to acknowledge that inflation isn’t transitory and “ease your foot off the accelerator starting now.
While prices are rising all over the world, the increases are especially striking in Latin America, which has the highest inflation forecast for both this year and next.
Limits on business-loss deductions, taxes on foreign profits, a tougher IRS, and other provisions that will likely stick once President Biden’s budget bill is passed.
It’s been a rollercoaster year for Bitcoin – and perhaps one of the most tumultuous 12 months in the coin’s history.
While oil prices crashed on Friday due to Covid concerns, there is still a very real possibility of $100 oil due to President Biden’s SPR release strategy
It's become increasingly hard to hide the inflation problem. Even without the sizzling hot CPI numbers, the average American experiences rising prices every day at the grocery store and the gas station.With it becoming harder and harder to blow inflation off as transitory, apologists for the central bank and the federal government have shifted to a new strategy — try to convince you that inflation is good for you.