Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
Nov 15, 2021 - 10:52:24 PST
When it comes to sycophants, Wall Street has no shortage of them willing to shill for its egregious private justice system called mandatory arbitration – a system which systematically guts the guarantee of a jury trial under the Seventh Amendment of the Bill of Rights.
Nov 15, 2021 - 10:49:07 PST
The previous time a female lawyer who worked at JPMorgan Chase blew the whistle on frauds occurring inside the bank, the U.S. Department of Justice, along with other federal and state regulators, ended up charging the bank with selling toxic mortgage securities to investors and making JPMorgan Chase pay $13 billion to settle the charges.
Gasoline pump prices hit a record in California as the most populace U.S. state grapples with the worst of a nationwide surge in energy prices ahead of the Thanksgiving holiday.
Consider the $100 billion of money through asset purchases every month (this is after the 15 billion of “taper” that will begin this month). By the time they are done at the advertised pace, another half a trillion dollars of new money will be sloshing in the system.
Ray Dalio Warns That Soaring U.S. Inflation Is Eroding Wealth—Especially If You Hold CashNov 15, 2021 - 08:54:32 PST
“Some people make the mistake of thinking that they are getting richer because they are seeing their assets go up in price without seeing how their buying power is being eroded,” Dalio wrote in a post on LinkedIn. “The ones most hurt are those who have their money in cash.”
Asset prices remain vulnerable to significant declines should investor risk sentiment deteriorate, progress on containing the virus disappoint, or the economic recovery stall.
It makes perfect financial sense to crash the market and no sense to reward the retail options marks by pushing it higher.
Fed Is Losing Credibility over Its Inflation Narrative, Mohamed El-Erian SaysNov 15, 2021 - 08:03:14 PST
"We are in this transition of central banks mischaracterizing inflation," Allianz's chief economic advisor, Mohamed El-Erian, said.
Inflation isn't the only reason some folks may be paying more for dining and groceries.
It has become commonplace to describe homelessness as “intractable,” a problem that will “always be with us."— but despite this popular perception, homelessness has not always been with us, nor does it have to be.
The issue isn’t new to the city of Los Angeles as a whole, which has more than 41,000 people living on its streets, according to the latest homeless count, with more than 66,000 homeless people residing in the county. A forecast by the Economic Roundtable estimates that the number could reach nearly 90,000 by the year 2023.
Inflation Becomes Political for Dems as People’s Mood Sours amid Biggest Fed-Fueled Boom for WealthyNov 15, 2021 - 07:44:37 PST
Time to nominate some hawks to the Fed’s Board of Governors.
Car & Truck Insanity, Hamster Wheel of Work & Inflation, Do Price Controls Work?Nov 15, 2021 - 07:42:59 PST
And much more. Wolf Richter on This Week in Money.
Starting With a Bang: US Government Kicks Off Fiscal 2022 With Another Massive DeficitNovember 15, 2021
The US government started fiscal 2022 the same way it ended fiscal 2021 — spending itself into a massive budget shortfall.The budget deficit for October came in at $165.1 billion, according to the most recent monthly Treasury statement.
“There just aren’t that many places to hide and gold is one of those places that people have always gone to in times of stress and I think this data’s a reason for still believing that gold is going to be there next year if there’s an official acknowledgment that inflation is a problem.”
Nov 15, 2021 - 05:27:57 PST
On July 27, China became the first nation to fly a hypersonic glide vehicle — a maneuverable craft that travels at more than five times the speed of sound — around the earth. The vehicle was propelled by a rocket that can fly over the South Pole, evading US missile defences which are focused on the North Pole — and giving the Chinese another way to hit targets in America.
Inflation is the highest it's been in more than 30 years, imposing a financial burden on households and putting President Biden under pressure.
Federal Reserve Governor Lael Brainard’s recent interview for the U.S. central bank’s top job has heightened focus on her views on inflation and employment as investors gauge how she would handle an economy that’s enduring a historic surge in prices.
Global inflationary pressures show few signs of moderating and more central banks are scrambling to temper them.
The U.S. solar power industry is set for a very promising decade ahead despite significant price and supply chain issues at the moment