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Cathie Wood Tells Jack Dorsey Deflationary Forces Will Eclipse Supply-Chain HavocOct 25, 2021 - 05:10:44 PDT
(Bloomberg) -- Deflationary forces will overcome the supply-chain induced price pressures buffeting the world economy, Ark Investment Management LLC founder Cathie Wood said in a tweet after a Jack Dorsey post on hyperinflation.
After a wild week on Wall Street that saw inflation expectations reach decade highs, portfolio managers are staring down an ever-more dangerous prospect: A modest rise in yields that inflicts trillions of dollars in losses.
Now investors are waiting to see whether the European Central Bank on Thursday admits that price pressures are too significant to ignore. Big decisions on the future of the ECB's pandemic emergency stimulus will wait until December. The ECB may acknowledge that a jump in price pressures is likely to last longer than anticipated, but the central bank is...
Wage Inflation Could Be Higher Next Year Than Investors Are Forecasting: AnalystOct 25, 2021 - 05:03:42 PDT
John Traynor, People’s United Advisors CIO, discusses the current earnings season and his economic outlook for next year.
Now that the fear of stagflation is a growing concern on Wall Street as the latest BofA Fund Manager Survey showed...
U.S. Treasury Secretary Janet Yellen said on Sunday that the United States was not losing control of inflation, and that she expected inflation levels to return to normal by the second half of next year.
"Hyperinflation is going to change everything. It’s happening," Dorsey tweeted to his 5.8 million loyal subjects late Friday.
Americans continue to buy a great deal of silver and gold bullion, with a large percentage coming from Canada. It's truly amazing how much of the Royal Canadian Mint's Silver and Gold Maples are purchased by Americans. With both Silver and Gold Maple Leaf sales up considerably this year, the majority are shipped south to U.S. investors...
This analysis focuses on gold and silver physical delivery on the Comex. See the article What is the Comex for more detail.Both gold and silver are seeing quieter activity in Comex contracts. This is not atypical for October and November which are slow months in the lead up to December.
Is the oil price going up to $200 a barrel? Some analysts believe we are heading for much higher energy prices. While this may be the case, we need to look at the fundamental data to understand the energy markets better. Also, don't high gasoline prices impact consumer demand? Sure it does...
Danielle DiMartino Booth: The Fed Is Under Fire! Scandal, Succession, Inflation, Taper & CBDCOct 22, 2021 - 15:06:58 PDT
Perhaps no single institution has more impact on the global economy than the US Federal Reserve.And the $trillions in stimulus it and the other major world central banks have released since the COVID pandemic hit have made the system even more dependent upon its actions. Which is why our financial markets are understandably obsessed with a single question: What is the Fed likely to do next?
COMING U.S. SHALE OIL COLLAPSE: How Fracking On Steroids Allows The Shale House Of Cards To ContinueOctober 23, 2021
In this important Gold Member video presentation, I explain how "Fracking on Steroids" has allowed the U.S. Shale Oil Industry's House Of Cards to continue. Investors need to understand what is taking place with energy because it is the number one driver of the global economy. And, with U.S. shale oil production...
The federal budget deficit for fiscal 2021 came in at $2.77 trillion. It was the second-largest deficit in US history, coming in behind last year's $3.13 trillion shortfall. Despite falling shy of the deficit record, Uncle Sam spent even more money in 2021 than it did during the depths of the 2020 coronavirus recession.
Gold and Silver Are Rising on Fears That Central Banks Are Failing To Keep Pace With InflationOct 22, 2021 - 13:06:36 PDT
Gold and silver have been steadily finding buyers since late September, pushing back from multi-month lows. Interestingly, at the same time, long-term interest rates continue to move upwards.
As price increases accelerate, policymakers at leading central banks are slowly starting to move away from the narrative of “transitory” inflation that has already cost them the policy initiative. But the needed pivot is far from complete and not nearly quick enough, particularly at the US Federal Reserve.
It’s a fallacy to keep gold prices low to show the economy is doing alright, says Dr. Ron Paul, former U.S. Congressman and Host of The Ron Paul Liberty Report. He surveys the U.S. economic landscape and asserts that, "the depreciation of money [U.S. dollars] is ongoing, and it's not going to stop."
And in light of the recent feverish pace of consumer spending among the bottom 80%, we also said that much if not all of these cash savings had been spent.
It isn’t even what the Federal Reserve does, a fact of operation preceding Paul Volcker. They know it, have known it, and know better that you don’t. Expectation theory has never been anything more than a coverup, trying and failing to fill in these gigantic inflationary blanks left over from monetary evolutions which stretch even further back in time.
“It’s almost certain that we’re going to get persistently high inflation thanks to the shelter component going up, and perhaps the wages, too,” he said.
The pandemic has disrupted nearly every aspect of the global supply chain — that’s the usually invisible pathway of manufacturing, transportation and logistics that gets goods from where they are manufactured, mined or grown to where they are going. At the end of the chain is another company or a consumer who has paid for the finished product. Scarcity has caused the prices of many things to go higher.