Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Tavi discusses the key causes of inflation and how it drives inequality. We're seeing increasing use of food stamps and helicopter money which are directed toward the bottom fifty percent of the public. A lot of inflation is showing up in housing which has a large impact as a whole.
A key market gauge of euro zone inflation expectations rose to its highest level since mid-2015 on Monday, a further sign that investor perceptions over the direction of future inflation are shifting.
A new survey from the New York Fed noted that the median expectation for the rate of inflation over the next year increased to 5.2% — the highest seen since the NY Fed's survey was launched in 2013.
"Everything that we once did now costs more," Apollo Global's Marc Rowan told CNBC's Leslie Picker.
The Wolf Street Report: What a Collapse of China’s Evergrande Would MeanSep 13, 2021 - 08:58:43 PDT
China hasn’t bailed out its over-indebted property developers yet, to the shock of foreign investors who’d bought their dollar bonds. Could the forced deleveraging trigger a financial crisis?
(C&I Lending Down -13.5% YoY, Residential Lending Down -2.1% YoY). US banks have the Phed Pneumonia and the Fauci Flu. Since the Covid outbreak in early 2020, The Federal Reserve lowered their target rate and super-spiked their balance sheet. Helping to lower bank…
Producer prices that are input prices for consumer-facing industries are red-hot. But further up the production chain, prices are white-hot.
The PPI is up 8.3% from a year ago. At the intermediate stage, prices are ripping higher by 20% or more. What's it mean for the CPI?
What's wrong with Gold? Despite all the concerns of monetary printing, it seems logical precious metals should rise. But they aren't, why?
Among the most persistent questions I hear is why we don’t just adapt to the reality that the Federal Reserve will never again “allow” the market to experience a serious decline. The problem with this view is that it rests on the premise that Federal Reserve policy supports the market in a clear-cut and mechanical way, when its effectiveness actually relies...
Covid inflation is everywhere, but some have more of it than others. Among advanced economies, the U.S. is starting to look like the outlier. That’s probably because it did more fiscal stimulus in the pandemic, economists say. The consensus is that high inflation won’t last long. But even if that’s right, the current elevated level has the potential to cause problems of its own -- for P
Airlines are piling on more debt as surging coronavirus cases force travelers to cancel plans and stay home. The industry’s outstanding debt has jumped 23% since 2020 to $340 billion, according to data compiled by Bloomberg. So far this year, global air carriers have sold $63 billion in bonds and loans. It’s more evidence that the industry faces a bumpy road ahead...
House Democrats Propose New Tax Hikes To Pay for Their $3.5 Trillion BillSep 13, 2021 - 07:15:59 PDT
House Democrats proposed a 26.5% top corporate tax rate and 39.6% top individual rate as they try to pay for a $3.5 trillion bill.
Today I’m going to look at several possible futures. There are forces at work in both Congress and the Federal Reserve that could take us down radically different paths. There are also changes in the Zeitgeist, the way we act and think both in and as a society, that are going to have major impacts.
Producer prices came in hot again in August, charting the bigger annual gain in nearly 11 years. This indicates "transitory" inflation isn't going away any time soon.The PPI for August rose 0.7% month-on-month. Economists were forecasting a 0.6% rise. This follows on the heels of two straight months with producer prices increasing 1.0%.
A lot of investors are disappointed in gold. After all, many buy gold because of inflation. Even with rapidly rising prices, the yellow metal hasn't delivered as you might expect.During his virtual speech for the Money Show, Peter Schiff explains exactly what is going on. He said in the end, gold will be vindicated because inflation will win in a knockout.
Gold prices nudged up on Monday drawing some support from weaker U.S. bond yields but a resurgent dollar kept the metal on a tight leash as investors awaited U.S. inflation readings later this week.
Sep 13, 2021 - 05:40:18 PDT
'The culprit is some mix of disrupted supply chains, high transportation costs, container scarcity and congested ports,' El-Erian said.
Sep 13, 2021 - 05:36:27 PDT
Fissures in the Chinese recovery are replacing taper-tantrum jitters as the lurking threat to the emerging-market rally. Factory and consumer data due from China this week may add to evidence that the recovery in the world’s second-biggest economy is faltering.
Sen. Joe Manchin Says There’s No Way To Pass $3.5 Trillion Budget Bill by September 27Sep 13, 2021 - 05:34:43 PDT
Manchin's comments come as lawmakers work to approve the budget bill without the support of Republicans.