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Yields on U.S. Treasury bonds and inflation-protected securities rose on Tuesday, extending the rise seen last week when data revealing a jump in average wages confirmed price pressures were building in the world's biggest economy. Data showed on Friday that 235,000 jobs were created in August, less than half what was forecast but a 0.6% rise...
The Federal Reserve is helping corporate real estate investors evict poor people from mobile home parks.
Peter Schiff recently appeared on RT Boom Bust to talk about Fed monetary policy and the possibility of a taper. He said even if the Fed does slow asset purchases, the taper won't last long. Ultimately, the Fed will expand QE.
The reason is that big cash balances can help companies withstand periodic paroxysms, such as when credit markets froze in 2020, while also providing insurance against excessive borrowing. Spreads continue to hover near 84 basis points, as they’ve done since mid-April, based on Bloomberg indexes.
Euro-area bonds have mostly rallied this quarter, coinciding with a period when the ECB vowed to persist with an increased pace of bond-buying. Bund yields are at odds with the evolution of money markets and the trajectory of inflation, both in the direction they have marched and in their current valuations.
It's official: while Q2 was the best quarter for the economy in decades, in Q3 it is now widely accepted that as we wrote a month ago, the wheels came off as a result of a "sudden negative change."
Froth in the Stock Market Makes Impending Correction Look Almost ‘Obvious,’ Miller Tabak StrategistSep 7, 2021 - 05:14:52 PDT
The S&P 500 held near records to end the week despite a disappointing jobs report. Trouble could be brewing beneath the surface, warns one strategist.
The Biden-Harris administration has made it clear it has no plans for another extension of the mortgage forbearance program, which is set to lapse on Sept. 30.
U.S. President Joe Biden's coming decision of whether to reappoint Federal Reserve Chair Jerome Powell after his term expires in February or hand the reins to somebody else will arrive at a critical juncture for the central bank. Progressive Democrats want the Fed to take on a more expansive role in the economy, by beefing up efforts to bolster employment,...
Sep 7, 2021 - 05:01:16 PDT
World stocks held near record levels on Tuesday supported by bets that the U.S. Federal Reserve will push back tapering its bond purchases and keep its expansive policy for the near-term. Hopes of extra stimulus in Japan and strong China trade data also provided support, although European stocks retraced ahead of a key ECB policy meeting on Thursday...
Demand For Silver Strengthens As U.S. Silver Imports Increase While Gold Imports PlummetSeptember 7, 2021
Americans continue to be the largest investors of physical silver bullion as U.S. silver imports increase in 2021 while gold imports plummet. In this newest video update, I provide charts showing that U.S. silver imports are so strong, we are acquiring metal as far away as Russia, Kazakhstan, and Uzbekistan...
The CFTC Commitment of Traders (COTs) report is released once a week and shows a breakdown of open interest by trader category. The CFTC breaks down open interest by:
U.S. NATURAL GAS SUPPLY: Collapse Of Conventional Gas Production Being Offset By Rapidly Depleting Shale GasSeptember 4, 2021
In this short video presentation, I show how the collapse of U.S. conventional natural gas production has been offset by rapidly depleting shale gas production... at 33% per year. Few Americans realize the important dynamics taking place in the U.S. natural gas industry. With the collapse of onshore and...
Gold prices hit a two-month high and rose for a fourth week in a row after shockingly low U.S. jobs growth in August brought a rush of money into the yellow metal from those betting that the Federal Reserve won’t be able to taper right away the stimulus it has been providing the Covid-hampered economy.
As the continuing $trillions in central bank intervention distort asset prices ever higher, investors are forced to make an uncomfortable choice: Do they ride this wave, and risk being wiped out if it crashes? Or do they seek safety now and risk being left behind as inflation eats away at their capital? Widely-respected fund manager Dylan Grice is choosing to stay in the game...but like many investors today, he hates how dangerous it has become to do so.
Beneath the illusory stability of rising GDP, the extremes of debt, leverage, stimulus and speculative frenzy required to keep the 'phantom wealth bubble' from imploding are all rising parabolically.
All this should lead to a stock market that plunges from unprecedentedly high valuations starting next year. And, in the end, that is anything but inflationary. Indeed, what it should lead to is more like a deflationary depression. But the story doesn’t end there.
Things Get Out of Control When the Public Starts to Expect High InflationSep 3, 2021 - 11:33:16 PDT
Recently here on Mises Wire, Sammy Cartagena wrote a brilliant article demonstrating that Two Percent Inflation Is a Lot Worse Than You Think.
The Wheels Come Off: As Economic Growth Craters, NY Fed Suspends Its GDP Tracking ModelSep 3, 2021 - 11:31:10 PDT
Or rather way, because a quick look at the Ny Fed's website where the Nowcasting Report is housed now shows this:
Suspension Notification
The uncertainty around the pandemic and the consequent volatility in the data have posed a number of challenges to the Nowcast model. Therefore, we have decided to suspend the publication of the Nowcast while we continue to work on methodological improvements to better address these challenges.
The dollar should be crashing. Why isn’t it?… The world is long overdue for a new monetary system… Looking at the price of gold in any major currency tells you as much about the strength or weakness of that currency as any cross-rate. Gold still has a powerful role to play in the international monetary system with or without a gold standard.