Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Record numbers of cargo ships bob in the waters off Southern California, unable to unload. A late shipment of patio furniture gets moved -- three times -- before finding a home for the winter. With no warehouse space, a crew assembles holiday displays in a parking lot in an effort to get them to clients on time.
Massive Student Debt Loads Are Preventing 39% of Public Servants from Saving for RetirementNov 9, 2021 - 11:30:42 PST
A quarter of workers in the public sector have over $100,000 in student debt, pushing retirement out of sight for many of them, per a new TIAA survey.
Nov 9, 2021 - 11:06:59 PST
The word “leverage” appears 107 times in the Federal Reserve’s Financial Stability Report that was released yesterday. The second mention provides a warning of what happens when leverage blows up the financial system – something Americans learned all too well in 2008:..
The financial covid crash of 2020 came and went in a month as the US government threw every monetary and fiscal trick it had at the government-imposed flash panic. We’ll never know which malivestments would have been cleansed.
There has been no constant concept of asset price inflation through the modern age of fiat money even amongst those who recognize the condition. The term has become most popular in the present period of inflation targeting coupled with the use of radical monetary tools.
The planet is getting hotter and hotter. Let's discuss how hot.
While the private-jet crowd is busy selling a future of 1 billion electric vehicles, 1 billion windmills, 1 billion solar arrays, hundreds of thousands of electric aircraft, thousands of new nuclear power plants and trillions more in "wealth" accumulating in their bloated ledgers, reality is intruding on their technocratic fantasies.
I think it’s clear that we’re deep into bubble territory. Bubbles are characterized typically at the end of a long bull market by a period where they accelerate, and they start to rise at two or three times the average speed of the bull market, which they did last year of course. Of course, they’re always extremely overpriced by average historical standards.
Household debt passed $15 trillion for the first time in the third quarter as rising prices pushed up balances for homes and autos.
Now Biden has 4 Fed positions to fill. Given Biden’s ravenous appetite to spend your money (but not Hunter’s money), Biden will likely appoint 4 doves to keep interest rates low as long as possible.
While the US Federal Reserve is making significant efforts to prevent the money market rate from falling below zero with the help of so-called reverse repurchase agreements, negative interest rates are appearing in a number of the euro area’s financial markets. Why is this happening? And what does it mean for wealth and prosperity in the euro area?
Nov 9, 2021 - 07:00:02 PST
The surge in inflation is leaving the world’s leading economies with their lowest real interest rates in decades, as central banks delay any abrupt tightening of the extra-loose monetary policy used to help weather the coronavirus crisis, arguing that the recent rise in prices is transitory.
Inflation expectations are now totally unanchored.
Something is going wrong constantly, there’s cracks developing in the system.” Join Mike Maloney as he delivers more compelling evidence of something big developing behind the scenes of the Federal Reserve Banking System.
Wholesale Prices Rise 8.6% Year over Year in October, Tied for Highest EverNov 9, 2021 - 05:36:33 PST
Final demand prices rose 8.6% from a year ago in October, their highest annual pace in records going back 10 years, the Labor Department said Tuesday.
The Federal Reserve’s easy monetary policy and the spike in the pace of inflation have left investors with negative real interest rates, which are fuel for asset bubbles, warned the chief investment officer of Morgan Stanley’s wealth management division.
Gold demand remained strong in October according to the latest data released by the World Gold Council.Both gold withdrawals from the Shanghai Gold Exchange (SGE) in October and gold imports in September were up year-on-year, and Chinese ETF gold holdings set a new record. These all signal that the Chinese gold market continues to recover after it was hit hard by the coronavirus pandemic.
Dollar Down, Inflation Data Looms as Next Test on Central Bank Interest Rate HikesNov 9, 2021 - 05:21:50 PST
The dollar was down on Tuesday morning in Asia, remaining a little below 2021's peaks hit on Tuesday. Cryptocurrencies scaled records, while inflation numbers loom as the next test of traders' thinking on the outlook for interest rates.
Top Fed Official Says Continued High Inflation Would Be Problematic for Central Bank: WSJNov 9, 2021 - 05:16:13 PST
The U.S. inflation rate reached a 13-year high recently, triggering a debate about whether the country is entering an inflationary period similar to the 1970s. WSJ’s Jon Hilsenrath looks at what consumers can expect next.
Lael Brainard interviewed for the Federal Reserve chair role when she visited the White House last week, Bloomberg News reported, citing people familiar with the matter.