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Why the SEC Cracking Down on Coinbase Could Level the Crypto Playing FieldSep 9, 2021 - 05:26:50 PDT
As Coinbase claims the SEC blocked them from offering a service already rampant in crypto, one expert says the joke is on those seeking regulatory approval.
China’s factory-gate inflation accelerated to a 13-year high, adding to the pressure on global consumer prices which have been pushed up by a commodities boom, soaring shipping costs and an uneven economic recovery from the pandemic. Producer prices in China rose 9.5% in August from a year earlier, the National Bureau of Statistics said Thursday...
India's gold imports hit a 5-month high of 121 tons in August, a further sign of recovery in the world's second-largest gold market.
Peter Schiff spent an hour and a half answering questions during a live chat on Instagram.
It is the latest step in the U.S.’s and the world’s shifting preference from military to economic warfare. Under former President Donald Trump, the U.S. on average sanctioned more than 1,000 people or entities a year, often by barring their access to the U.S. financial system. That was more than double the average of the prior 16 years, according to the law firm Gibson, Dunn & Crutcher.
The global economy is in for a choppy future that may provide few convincing signals about the vitality and duration of the recovery. Just as analysts and investors were beginning to worry that growth was bouncing back too sharply and bottlenecks wer...
Junk bond spreads this tight are a reason for unease. When markets get dull, it is an old standby for financial commentators to say that they’re too quiet. But sadly, even that might not be true this time. Or at least, it’s not true of the remarkably steady advance of the U.S. stock market.
Investors will get a glimpse into the health of the labor market when weekly jobless claims are released at 8:30 a.m. ET. First-time filings are expected to fall to a pandemic-era low of 335,000.
European Central Bank Slows Its Bond Purchases As Euro Zone Inflation SurgesSep 9, 2021 - 05:00:19 PDT
The European Central Bank kept its monetary policy unchanged on Thursday but opted to slow down the pace of net asset purchases under its pandemic emergency purchase program.
STRATEGIC PRECIOUS METALS & ENERGY UPDATE SEP 2021: Must Watch Video For All SRSrocco Report SubscribersSeptember 9, 2021
This is a MUST SEE VIDEO by all SRSrocco Report Subscribers. Due to the "Wild Speculation" in the markets and cryptos, some investors become frustrated with the precious metals. I see this everywhere. With some investors throwing in the towel, selling their metals, and getting into the market & cryptos...
Gold to Edge Higher Towards $1900: Australia and New Zealand Banking GroupSep 8, 2021 - 13:08:17 PDT
Strategists at ANZ Bank reiterate their positive stance on gold over the next three months. Record low US real-yield, delay in tapering, expensive equity valuation and prospects of weaker dollar still suggest XAU/USD to grind higher towards $1,900/oz.
Gold remains capped at its July/August highs at $1832/34. Only above here would see a small base to open the path towards the $1871 mark, strategists
Venezuela's gold reserves fell by 3 tonnes in the first half of 2021 to their lowest level in 50 years, central bank data showed on Tuesday, as President Nicolas Maduro's cash-strapped government continues selling gold as a source of income.
Sep 8, 2021 - 12:34:07 PDT
The labor force percentage of those 55 and older has peaked or soon will. All boomers are in that age group.
Democrats may change the rules for “mega” individual retirement accounts with more than $5 million to help fund their expansion of the country’s safety net.
Job openings spiked to record 11.7 million, while 12.1 million people still claimed unemployment benefits.
Sep 8, 2021 - 12:14:43 PDT
The federal health care program is on track for a trust fund shortfall in just five years. But instead of paying for the program that exists, Democrats want to expand it.
Beige Book Reveals Not Just Stagflation But Record Shortages Of EverythingSep 8, 2021 - 12:11:21 PDT
Cause for the slowdown notwithstanding, the overall assessment was ugly - not only was there no sign of supply chain and price pressures easing, but evidence of full employment being well below pre-COVID. And between continued surging prices, a downshift in the economy and widespread labor shortages, the one word that summarizes best what is going on is: stagflation.
President Biden’s sagging approval ratings, especially among independents, are raising questions about his ability to move his agenda through a House and Senate where centrist and liberal Democrats are battling one another.
Forecasting CPI is much akin to throwing darts. As we discuss, almost a third of the CPI report is based on uttern nonsense.