Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Private sector debt only becomes a problem when social mood turns negative, as was the case with Japan. How do we know when social mood is turning negative? When the stock market develops a declining trend. Then, and only then, will the debt doom-mongers finally have their day in the sun.
Oct 25, 2021 - 11:20:27 PDT
For the first time since the outbreak of the pandemic, the Fed is scaling back its stimulus program. Jim Bianco, founder of Bianco Research, says what the tapering means for investors, why the Fed is likely to underestimate inflation, and why he expects the financial system to undergo a technological revolution.
There’s No ‘Supply-Chain Shortage,’ Or Inflation. There’s Just Central PlanningOct 25, 2021 - 11:16:33 PDT
Please consider modern productivity in terms of Smith’s pin factory example yet again, and ask what it would do to supply. The only thing is supply shortfalls are not evidence of inflation. A rise in one price due to lack of supply implies a fall in other prices. Yes, we have a central planning problem. Were he around today, Adam Smith could diagnose this in seconds.
October 20 – Financial Times (Martin Arnold and Guy Chazan): “Jens Weidmann has decided to step down after a decade as head of Germany’s central bank, only weeks after the country’s general election and shortly before a crucial decision on the future of eurozone monetary policy. The president of the Bundesbank has been one of the most vocal critics of...
That's how we've become a nation of imposters: our imposter stock market hits a new high and the imposters cheer because it proves the scam is still working.
The right tool in the right hands can do miracles. However, it gets more complicated when you want to work on the markets and the economy. Hammers work because nails don’t unpredictably reshape themselves. The economy does.
Oct 25, 2021 - 08:47:30 PDT
Wall Street Economists Are Forecasting Over 3 Percent. This coming Thursday morning at 8:30 a.m., the Department of Commerce’s Bureau of Economic Analysis (BEA) will release its advance estimate for U.S. Gross Domestic Product (GDP) in the third quarter. Some folks are going to have a lot of egg on their face at 8:31 a.m. That’s because the Wall Street crowd of...
As Ron Paul pointed out, the recent brouhaha at the Federal Reserve when information came out revealing several central bank officials making multiple multimillion-dollar stock trades in 2020 even as the Fed was putting its big fat thumb on the economic scales was a minor thing compared to the bigger scandal - the everyday operation of the Fed.The Fed engages in price-fixing. And it fixes one of the most important prices in the economy - the price of money. Peter Schiff said this always ends in a disaster.
It is well known that socialism is a shortage economy. It is the economy of inefficiency and corruption, of indifferent workers and of bigwigs, of lacking spare parts, of lacking funds, of failure, of permanent reform needs and of constantly unsuccessful reforms.
"The Biden Administration should immediately suspend the Jones Act, at least until the shipping backlog is remedied. That, instead of coddling special interests wielding ludicrous (and arguably long out-of-date) arguments, would be a true 'gamechanger.'" ~ Peter C. Earle
Since the beginning of the pandemic, many emerging nations saw the United States and other large developed countries “go to great lengths” in economic stimulus, and wished they could afford to continue. It turns out that they were lucky if they couldn’t and wise if they decided not to.
Americans who notice an increase in the size and intrusiveness of government since COVID-19 first appeared in headlines may wonder whether this will be a permanent condition.
Reality is setting in. The package Biden will get will be far less than what he sought.
The analysis last month showed that selling exhaustion may be near. Since then, gold continues to be range-bound between $1750 and $1800 seeing solid resistance and support, while Silver has shown a mini-breakout. The $1800 level is in play this week and could open the door for a big move if it gets through it soon.
Oct 25, 2021 - 07:35:33 PDT
The Federal Reserve is helping to create inflation, particularly since their unorthodox surge in money supply around the Covid outbreak in early 2020. Home prices as of the latest Case-Shiller report are rising at nearly 20% year-over-year.
Oct 25, 2021 - 07:20:53 PDT
“We probably will have a wealth tax,”House Speaker Nancy Pelosi told CNN.
One after another, commodities from aluminum to natural gas have surged as pandemic aftershocks rattle supply chains. Gold could be next, although for very different reasons.That’s the view of two of the biggest names in Canadian mining -- the former chiefs of Goldcorp Inc., David Garofalo and Rob McEwen -- who predict investors will catch on soon that global inflationary pressures are less transitory and more intense than central bankers and consumers price indexes suggest.
Oct 25, 2021 - 05:31:29 PDT
The shortage of the entire supply chain on which American companies depend is widespread. Inflationary pressure, A series of US companies revealed this week, forcing them to disrupt their businesses and raise customer prices.
Price increases so far have paid off for makers of household staples as shoppers have remained loyal to big-name brands.
The U.S. budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion reached in 2020. The deficits in both years reflect trillions of dollars in government spending to counteract the devastating effects of a global pandemic.