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Investors must be careful not to underestimate inflation risks that could prompt the European Central Bank to tighten monetary policy, according to Governing Council member Klaas Knot.
Stock futures fell Monday morning as investors mulled ongoing signs of inflation and supply-related challenges and awaited more data on corporate earnings.
The fake debt ceiling fight rages on.Last week, the US Senate agreed to a small increase in the borrowing limit, but it only kicked the can down the road a couple of months. The $480 billion increase raises the debt limit to $28.9 trillion, but that’s only going to last until Dec. 3.Peter Schiff recently appeared on RT Boom Bust to debate economist Steve Keen and Professor Richard Wolf on the debt ceiling and more broadly the US economy.
We got the highly anticipated employment report on Friday. It came in far below expectations. But despite weak economic data, bond yields are rising, along with the price of just about everything. Meanwhile, a gold rally fizzled. Peter Schiff talked about it during his podcast, explaining just how badly the markets are misinterpreting the data. When you add up plunging bonds yields, strong oil, and weak economic data - that equals stagflation.
The Global Energy Crisis is spreading. We are now seeing the energy crisis hit Lebanon, Albania, and India. With the energy crisis negatively impacting the global economy, few understand the reason why. The main factor, hidden out of plain sight, is how oil depletion is destroying the world economy from within...
This ratio thus reflects the development of the purchasing power of gold in comparison to the purchasing power of the euro at the Münchner Wiesn, and is therefore of particular interest when comparing the purchasing power of gold with that of paper money.
September's wage gains provided more fuel to the argument that the current pace of inflation could run longer than many economists anticipate.
Gold pared gains on Friday after rising more than 1% on U.S. jobs data miss, as investors came to terms with the possibility the Federal Reserve could still have enough fodder to wean the economy off stimulus this year.
If David Hunter is correct, get ready for a wild ride folks. Hunter, whose bold predictions this year have so far proved surprisingly accurate, expects the market to zoom 20% higher from here in a spectacular blow-off top….
The ONLY way the U.S. can continue to service its mountain of debt is if interest rates remain low. So, if interest rates are rising when the Fed is already engaged in EMERGENCY levels of intervention, it’s GAME. SET. MATCH.
No. We are not repeating the “Roaring 20’s” analog. Ben Carlson had a recent post asking if the “Roaring 20’s” are already here? As his chart shows below, there are certainly some similarities between 1920 and 2020 given the recent “pandemic shutdown” driven recession.
Life’s a Beach Until the Fed Tsunami Hits: Four Waves Nobody Cares About-YetOct 8, 2021 - 11:16:46 PDT
Four monster waves are about to crash onto the Fed's beach party and sweep away the unwary revelers.
Nearly 80% of US Workers Are Concerned About Their Mental Health As Burnout Skyrockets: SurveyOct 8, 2021 - 11:14:13 PDT
More than a year and a half into the pandemic, the mental health of workers nationwide is deteriorating at an alarming rate.
Don't be fooled by the sticker price of the Democrats’ spending package. The plan is riddled with hidden costs & excess burdens for US taxpayers. Those will TRIPLE the price of the package. Just more daily dishonesty.
OECD Secures Deal On Sweeping Global Corporate Tax Reform As Last Holdouts CaveOct 8, 2021 - 10:33:51 PDT
Much to President Biden's relief, the US-led effort to reform the international corporate tax code appears to be moving along even more quickly than some critics had anticipated, although there's still room for the deal to fail.
Gold will ultimately follow the money supply higher as it always has over the long term. As Fed officials like to say, tapering is not tightening. It is just slowing the pace of money printing, not even starting to unwind the trillions of dollars of new money unleashed in the past year-and-a-half or so. Reversing some of that actually requires the Fed to sell bonds, quantitative tightening that would wreak havoc in the markets.
Similar to August, the most recent job number was a big miss. The latest jobs number showed an increase of only 194k jobs, well below the estimated 500k! Despite the unemployment rate ticking down to 4.8% from 5.2% and an upward August revision by 131k, this is the weakest jobs figure since January.
The International Monetary Fund's executive board has approved a $124 million extension of IMF debt relief to 24 low-income countries through Jan. 10, 2022, the Fund said on Friday.
What Governments Got Wrong About The Global Energy Transition: OilPrice.comOct 8, 2021 - 09:00:54 PDT
Governments and institutions around the world have fully embraced the creation of a new energy system, but they have entirely failed to control the decline of the current system
Why does the dollar bill in our pockets have value? According to some commentators, money has value because the government in power says so. For other commentators the value of money is on account of social convention. What this implies is that money has value because it is accepted, and why is it accepted? … because it is accepted! Obviously, this is not a good explanation of why money has value.1