Gold has all the potential to go unprecedentedly high. But silver will be gold on
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The central banks’ digital printing presses will then be fired up even further, and the endgame, in our opinion, will probably be high inflation for an extended period.
The Biden administration has vowed to address the home affordability crisis in the U.S., but policies are still in development and will likely have a limited impact.
Labor Shortages: US Companies Ordered a Record 29,000 Robots in the First 9 Months of This YearNov 12, 2021 - 05:31:35 PST
Robot sales to North American companies hit $1.48 billion in the first nine months of this year, up 35% on 2020, per A3 data.
Burry Blasts Fed, SEC over Most Speculative, Overvalued, Geopolitically-Challenged Market in DecadesNov 12, 2021 - 05:25:34 PST
Famous short seller Michael Burry of The Big Short game emerged once again from his latest self-imposed twitter exile to lambast The Fed (and The SEC) for fiddling while Rome burns
This year the process has been particularly fraught, amid spiralling inflationary pressures and a trading scandal that has pummelled the Fed’s reputation since September.
Euro zone inflation expectations are at risk of continuing to overshoot the European Central Bank's 2% target next year, according to a Reuters poll of economists who raised their outlook for consumer prices for a fifth consecutive month. While inflation rose above 4% last month, more than twice the ECB’s target, the Bank - unlike most other central banks...
Social welfare has been a boogeyman of the right and left since Reagan. “In this present crisis, government is not the solution to our problem; government is the problem,” he insisted in that first inaugural.
U.S. debt that’s the most responsive to changes in Federal Reserve policy is leading the fallout from this week’s shock inflation print.
Data on Wednesday showed a broad-based rise in U.S. consumer prices last month at the fastest annual pace since 1990, calling into question the Fed's contention that price pressures will be "transitory" and fuelling speculation that policymakers would lift interest rates sooner than previously thought. By contrast, “interest rate futures are too aggressive in pricing...
Gold futures climbed on Thursday, stretching their winning streak into a sixth straight session to mark another settlement at the highest since mid-June. The move up for gold follows a 1% rise in prices a day earlier, “when it surged following the inflation report as traders sought out an old friend in the face of higher inflation,” said Craig Erlam, senior market analyst at Oanda....
Former Reagan economist Art Laffer weighs in on consumer prices surging by the most in 31 years and argues the Federal Reserve has 'no control over money supply or anything else anymore' and 'they are in deep trouble and so are we.'
As the U.S. Federal Reserve and its chair, Jerome Powell, confront concerns over inflation and the impact of the Fed’s pandemic-era policies, we take a deep dive into the country’s central bank, which financial journalist Dion Rabouin calls “the most powerful and least understood institution in the country.”
Nov 11, 2021 - 12:00:46 PST
Since Kaplan’s trading dates were owed to the public and long overdue, we asked the Communications Team at the Dallas Fed for the dates of each of Kaplan’s trades so that we could compare the dates to when Kaplan was sitting on market-moving information from the Fed. They declined to provide the information.
The supply disruptions plaguing the US economy are not the result of "excessive demand," "central planning," or a lack of efficiency. Rather, it is that a logistics ecosystem that was developed to feed the beast of American consumption was not designed for a pandemic.
Nov 11, 2021 - 11:40:49 PST
Wu-Xia employs an approximation that makes a nonlinear term structure model extremely tractable for analysis of an economy operating near the zero lower bound for interest rates. It can be used to summarize the macroeconomic effects of unconventional monetary policy (ZIRP + QE). The Shadow Rate is now -1.7021%.
The cost of interest on the national debt will soon be a huge chunk of change.
The 2 PM GMT (9AM EST) score of 6.79 reveals continued Bullish sentiment. Significantly, the 80 Hour Moving Average of the Hanke-Cofnas Gold Sentiment Score has moved into stronger Bullish territory with a reading of 3.98 showing stronger longer term Bullish sentiment.
Economists debate whether this recent rise in inflation is temporary or here to stay, but in the short run it doesn’t matter. Inflation is here today and your purchasing power is going down. It’s hopeless to expect the government to cut down on deficit spending or money printing anytime soon. It’s all they know how to do. Unfortunately, things will probably get worse.
The Fed is now trapped. Consider: Stocks were just at or are currently at all-time highs, trading at multiples that exceed even those of the Tech Bubble in 1999 (Market Cap/ GDP). There are truly INSANE levels of froth in …
Nov 11, 2021 - 07:19:19 PST
Steve Hanke of Johns Hopkins University says the Fed has ignored money supply growth, which he expects to drive persistent inflation for another 2 or 3 years.