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Unilever warned inflation was likely to accelerate next year, keeping the pressure on consumer goods companies as they hike prices to try to offset surging energy and other costs.
For central bankers wrestling with the question of whether inflationary pressures are transitory, industry chiefs around the world have a clear message: prices are only going higher. Shortages of workers, fuel, cargo ships, semiconductors and building materials as the global economy bounces back after pandemic lockdowns have companies...
Fed Official Says Lingering Inflation Could Change Interest-Rate Outlook: WSJOct 21, 2021 - 04:57:26 PDT
A top Federal Reserve official warned that extended high inflation through next spring could force the central bank to consider raising interest rates sooner than anticipated.
Turkey's central bank slashed its policy rate by an unexpected 200 basis points to 16% on Thursday, sending the lira to a new all-time low and delivering further stimulus sought by President Tayyip Erdogan despite rising inflation. The rate cut was twice as much as the most dovish estimate in a Reuters poll, which forecast the policy repo rate would fall by 50...
In this episode of the Friday Gold Wrap podcast, host Mike Maharrey answers listener questions. Some of the topics covered include bitcoin, fractional reserve banking, the silver/gold ratio, gold as a safe haven, precious metals in a crisis, and more.
Today's huge 10% crash in IBM's share price wasn't a shock to legendary Short Trader Jim Chanos. Chanos has been talking about how "IBM's financial engineering" propped up its share price for a few years. But, like with all "Financial Scams," the fundamentals always come back to haunt the less savvy investors...
* Silver rises nearly 3% to over 1-month high (Updates prices). Gold prices jumped on Wednesday, after the U.S. dollar weakened, as worries over rising inflation and supply chain issues boosted the safe-haven metal’s appeal.
Let's start by recognizing that the ongoing bull market in commodities is a real thing. With the rapid acceleration of fiat currency debasement since the onset of the Covid Crisis, hard assets have surged as shortages have developed. As you can see below, the Bloomberg Spot Commodity Index recently hit a new all-time high, eclipsing the levels seen in 2008 and 2011.
Silver has eroded its four-month downtrend and 55-day moving average and is expected to rally higher, according to Karen Jones, Team Head FICC Technic
It’s worth noting, that gold is increasingly popular as an investment, signaled by the fact that Chinese gold ETFs haven’t reported outflows for four months in a row. The ETFs currently hold the second-largest amount of gold ever, FT.com reports citing Morningstar’s data.
David Einhorn: Inflation Is Here To Stay, And Powell Hasn't Lifted A FingerOct 20, 2021 - 12:58:17 PDT
"... if the Fed were to actually fight inflation, it would harm the financial markets and trigger a fresh recession that our fiscal and monetary policies aren’t capable of addressing."
I hope everyone here is hungry because the banquet of consequences is being served.
Printing money, Quantitative Easing (QE), maintaining low interest rates, even buying assets and securities that are technically outside the Fed’s legal mandate…. NONE of those policies can remedy supply-chain issues, or their inflationary effects. The Fed can’t MAKE people return to work…
Oct 20, 2021 - 12:18:20 PDT
The cost of buying cooperation for climate change has skyrocketed.
The bottom line number for third-Quarter GDP is odds on to be negative.
Oct 20, 2021 - 11:50:58 PDT
Out latest daily #World #economy read. Economic momentum still falling....
"The problems expressed in political shutdown posturing, and battles arising from government failure to perform duties it has arrogated to itself, provide no endorsement for placing even more power over us into government hands." ~ Gary M. Galles
Americans today not only face government looting that has metastasized over the decades since Leonard Read wrote these words, but efforts to supercharge the extent of political extraction to the tune of trillions more. That certainly justifies thinking more clearly and urgently about it, because the payoff to overcoming those even greater distortions is also greater.
The quickening pace of Democratic retirements in the House may be the clearest indication yet that the party’s hopes of maintaining its narrow majority are fading amid President Biden’s sagging approval ratings, ongoing legislative struggles and the prospect of redrawn congressional districts that will put some seats out of reach.
Oct 20, 2021 - 11:37:01 PDT
Proposed IRS surveillance now limited to non-wage net annual transactions of $10,000 and above. Which is still ridiculously low and intrusive.