Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
Now, this liquidity is overflowing into the everyday economy - assuming you can even find the item you seek. In the past, only hard money weirdos complained about the gradual creep of inflation - now everyone feels it and has their own story. Everyone is painfully aware that inflation is present and is likely to stay.
Sep 20, 2021 - 12:28:16 PDT
Kind of a drag … when Federal government stimulus fades just as The Fed tries to decide on slowing its balance sheet expansion.
(Bloomberg) — In the coming Year of the Taper, it’s the fiscal version that will really bite.
The chatter i
Sep 20, 2021 - 12:26:59 PDT
The next Federal Reserve Open Market Committee (FOMC) meeting is next week with an announcement on Wednesday, September 22nd. (Bloomberg) — Volume in the December 2024 eurodollar futures cont…
Last March capital markets as we once knew them ceased to exist: that’s when the Powell Fed crossed a Rubicon even Ben Bernanke dared not breach and announced that it would start buying single-name corporate bonds and ETFs under its Secondary Market Corporate Credit Facility (SMCCF) with both IG and HY names eligible for purchases in the process...
Massive government intervention in the aftermath of the global financial crisis has not prevented the Great Recession, but had actually deepened and prolonged it until the covid-19 pandemic and government lockdowns sent the economy into a tailspin in 2020.
"As Mises summarized the fate of a fully socialized economy, 'As soon as one gives up the conception of a freely established monetary price for goods of a higher order, rational production becomes completely impossible.'"
"During the pandemic, Congress passed multiple trillion-dollar bills to help keep the economy afloat. With the economy recovering, America does not need another one."
The real reason behind the stagnation of consumer prices in Japan has been the fact that nominal wages have actually declined in Japan over the past two decades. That speaks to the deflation mindset which Kuroda is aware of. Central banks can print all the money they want to (inflation), but if wages aren’t rising it is difficult for consumer prices to accelerate. Western central banks should keep that in mind.
The central bank should start pulling back on its $120 billion monthly bond purchases and signal when it will lift rates, but it probably won’t.
Coinbase Drops Plans To Launch Interest Product After CEO’s SEC CommentsSep 20, 2021 - 11:36:05 PDT
Coinbase halted plans to launch an interest-earning product two weeks after it took the SEC to task on Twitter for its lack of guidance on the matter.
A bond market tantrum that drives up yields can be a fearsome prospect for central banks but the U.S. Federal Reserve might just welcome a sell-off that lifts Treasury yields towards levels that better reflect the robust state of the economy.
The fate of President Joe Biden’s economic agenda rests largely on Speaker Nancy Pelosi navigating deep Democratic rifts and the minefield of promises she’s made to keep the party’s moderate and progressive wings moving toward her goal.
The last time Americans were this turned off by the U.S. housing market, borrowing costs were over five times the current rate. The share of people who think now is a good time to buy a home fell in September to 29%, extending the plunge from March when the proportion was more than twice as high, data from the University of Michigan consumer sentiment...
An alarming number of companies have warned that profits won’t meet expectations when they report in a month. The group, including PP Industries Inc. and Sherwin-Williams Co., are primarily materials producers that have struggled amid supply-chain disruptions. While just a small part of the S&P 500, their earnings have historically been the most correlated to the...
Sep 20, 2021 - 10:09:57 PDT
n June, police charged a man with making "terroristic threats" against New York Republican Rep. Tom Reed by leaving a dead rat with a noose around its neck and a brick with one of his family member's names on the congressman's doorstep.
Now That the American Dream Is Reserved for the Wealthy, The Smart Crowd Is Opting OutSep 20, 2021 - 08:20:09 PDT
Clueless economists are wringing their hands about the labor shortage without looking at the underlying causes, one of which is painfully obvious: the American economy now only works for the top 10%; the American Dream of turning labor into capital is now reserved for the already-wealthy.
Evergrande, a real-estate colossus in China is collapsing. Don't expect the collapse to be contained to China. The global macro implications are huge.
MISH
China’s Crackdown on Debt, Tech & Evergrande Sends Frazzled Wall Street Titans to ChinaSep 20, 2021 - 08:17:12 PDT
The property sector and its debts are possibly the biggest financial mess in China’s history.
How the Debt Ceiling Debate Could Impact Your Social Security Checks and Other PaymentsSep 20, 2021 - 08:12:46 PDT
Here's a breakdown of what may happen if Congress fails to suspend or increase the debt ceiling by October.
As futures indicated, the US cash equity open was greeted by an avalanche of selling, breaking the S&P back below its 50DMA...