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Central Bankers, While Adamant Inflation Will Subside, Are Starting To Concede It May Stay HigherSep 30, 2021 - 12:31:34 PDT
Soaring gas prices, staff shortages, a lack of ships -- price pressures globally may be picking up faster than anticipated, challenging the view that inflation will prove transitory.
Senate Passes Government Funding Bill, Sends It To House With Shutdown Deadline Hours AwaySep 30, 2021 - 12:19:58 PDT
Passing a funding plan would resolve one crisis while lawmakers try to deal with another: a looming default unless Congress raises or suspends the debt ceiling.
As a member of the U.S. government’s security apparatus, I have witnessed a level of groupthink that would shock even the most accredited academics associated with the leading internationalist think tanks.
YouTube Completely Removes The Ron Paul Institute's Channel Without WarningSep 30, 2021 - 11:48:18 PDT
On Thursday afternoon former Republican Congressman Ron Paul announced that YouTube inexplicably and without warning deleted his Ron Paul Institute Channel, citing "no warning, no strikes, no evidence."
The 2020-2021 National Survey of Living Conditions found that the percentage of Venezuelans living in extreme poverty rose by nearly 10 percentage points from last year, the wire service noted, from 67.7 percent last year to 76.6 percent this year.
Q: "Secretary Yellen is there a level of debt that is unsustainable?"
Yellen: "Current level is not irresponsible or unsustainable".
Yellen 2018: "Rising deficit is unsustainable"
The Workers Who Keep Global Supply Chains Moving Are Warning of a ‘System Collapse’Sep 30, 2021 - 09:07:53 PDT
But many are now reaching their breaking point, posing yet another threat to the badly tangled network of ports, container vessels and trucking companies that moves goods around the world.
Majority of Restaurant Operators Say Business Conditions Are Worse Now Than Three Months AgoSep 30, 2021 - 09:06:21 PDT
The restaurant industry trade group is asking lawmakers to replenish the Restaurant Revitalization Fund amid continued fallout from Covid-19.
A growing number of options traders are betting that an energy crunch this winter may see prices rip high.
Gold rose as investors sought haven after a labor report pointed to an uneven recovery in the U.S. jobs market.
Sep 30, 2021 - 08:03:41 PDT
The US has had a debt ceiling since 1917, when, during the First World War, lawmakers capped maximum allowable borrowing by the federal government at $11.5 billion. It was raised to $45 billion in 1939, and raised again more than 100 times since then, now standing at over $28.8 trillion.
The Last Time Inflation Was >4%, the Key Interest Rate Was 6%; Today, It Remains Pegged at 0%Sep 30, 2021 - 07:47:59 PDT
Just to put things into perspective: The last time #inflation was >4%%, the key interest rate was 6%; Today, it remains pegged at 0%.
“If it is stagflation, central banks are in a bind,” said Jim Leaviss, head of public fixed income at M&G Investments. “Hiking will reduce demand a little bit and strengthen the currency. But it will have no impact on supply chain issues [ . . .] it won’t bring back lorry drivers.”
The latest Chicago Purchasing Manager's Index, or the Chicago Business Barometer, fell to 64.7 in September - it's lowest since February, from 66.8 in August, which is still in expansion territory. Values above 50.0 indicate expanding manufacturing activity.
Sep 30, 2021 - 06:48:50 PDT
Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen speak in front of the House Committee on Financial Services on Thursday on their respective agencies' response to the Covid-19 pandemic.
LIVE: Fed Chair Powell and Treasury Sec. Yellen testify on Covid Response — 9/30/21, 10:00am ETSep 30, 2021 - 06:48:50 PDT
Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen speak in front of the House Committee on Financial Services on Thursday on their respective agencies' response to the Covid-19 pandemic.
Q2 GDP Revised Slightly Higher As Core Inflation Rises The Most Since 1983Sep 30, 2021 - 06:40:41 PDT
There was little surprise in today's third and final revision of Q2 GDP data, which came in just barely above consensus expectations, rising from 6.6% (or rather 6.560%) in the second estimate to 6.7% (6.720% to be precise), which was also higher than the 6.6% consensus. The number, while also higher than the 6.3% reported in Q1 will be the best US GDP print...
The Federal Reserve not only runs US monetary policy with its interest rate manipulations and its quantitative easing program; it also "regulates" financial institutions. That's why the fact that several Fed members made multiple multimillion-dollar stock trades in 2020 even as the central bank was putting its big fat thumb on the economic scales is more than a little problematic.
After silver’s climb earlier this year to the highest prices since 2013, the metal has significantly underperformed sister metal gold. With silver’s value dropping to its lowest in 14 months, some investors may see an opening to buy. “Silver presents a better opportunity than gold at the present time,” says Jeff Wright, chief investment officer at Wolfpack Capital.
Gold Futures Struggle for Loft As Rising U.S. Dollar Keeps Bullion Under PressureSep 30, 2021 - 05:41:47 PDT
Gold futures on Thursday morning were bouncing between small gains and losses, as the precious metal tried to halt a two-session skid, as a rise in Treasury yields paused, but continued buoyancy in the U.S. dollar seemed set to keep bullion values under pressure.