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Joseph Stieglitz: It’s Time To Rewire the U.S. Economy: ‘We Shouldn’t Let a Good Crisis Go to Waste’Sep 3, 2021 - 05:11:33 PDT
The former chief economist of the World Bank told CNBC that the coronavirus pandemic has highlighted how the economic system isn't working.
Unemployment insurance has played an unprecedented role in the current economic recovery.
Friday’s Jobs Report Is Expected To Be Solid, but Delta Variant Raises Downside RiskSep 3, 2021 - 05:02:57 PDT
“I think the risks are very much to the downside,” one strategist said. “I’m not sure how much we’re factoring in the impacts of delta.”
U.S. Treasury yields rose slightly on Friday morning, ahead of the release of August's jobs report.
The latest jobs number showed an increase of only 235k jobs, well below the estimated 720k by nearly 500k! Despite the unemployment rate ticking down to 5.2% from 5.4% and an upward July revision by 110k, this is the weakest jobs figure since January.
TOM CLOUD PRECIOUS METALS UPDATE: Higher Silver & Gold Prices Coming & Bullion Supply Will Be Tight In The FutureSeptember 3, 2021
In Tom Cloud's newest update he discusses the silver price and where he sees it going in the next leg higher. Also, with the new Basel 3 ruling, Tom sees more Central Bank gold buying along with private demand which will positively impact the gold price. Tom and I agree that the next large move in silver...
With the Biden administration unable to reduce its budget deficit, a rising interest rate environment, reflecting price inflation, is bound to result in a funding crisis.
Gold is and will remain the ultimate hedge against failing currencies and their economic consequences, and its importance has never been greater in modern times.
Russia’s gold and FX reserves, the world’s fourth-largest, rose by $20 billion in the week to Aug. 27, the central bank said in a weekly report.
Higher inflation across Europe in recent months has raised questions over when the European Central Bank (ECB) may begin to tighten monetary policy. While a shift to higher interest rates and lower asset purchases may create headwinds for gold investment in the region, we believe the pace of policy change will likely be slow as several risks remain.
We live in unprecedented times. Never has the entire world faced authoritarianism on this scale before. Never has there been a financial bubble of this magnitude, that also encompasses the entire world. Naturally, a bust of the magnitude that we are facing will need a lot of creative and liberty-driven people to rebuild what is destroyed by the power-hungry...
NOTE: Chavez nationalized other industries, oil was already nationalized when he took over. Same concept, when oil crashed there was no other part of the economy functioning properly. Thx for watching!
The government insists it wants more market discipline and a transparent process for letting firms default without blowing up the financial system.
Pandemic’s $794 Billion Unemployment Benefits Were Historic. Here’s a Look Back at Their ScopeSep 2, 2021 - 11:30:25 PDT
These programs, created by the CARES Act in March 2020, issued benefits on a historic level, unrivaled since the unemployment system came into existence in the 1930s.
To get free access to the pilot trial of the new Hanke Cofnas Gold Sentiment Report, fill out the short form at: https://www.thegoldsentimentreport.com/html/trial.html
To get free access to the pilot trial of the new Hanke Cofnas Gold Sentiment Report, fill out the short form at: https://www.thegoldsentimentreport.com/html/trial.html
Sep 2, 2021 - 11:24:58 PDT
Nearly 850 intentional shutdowns have been recorded over the past 10 years by nonprofit Access Now’s Shutdown Tracker Optimization Project (STOP), and although the group acknowledges that data on incidents before 2016 is “patchy,” some 768 of these shutdowns took place in the last five years.
Free money destroyed the pricing mechanism, and demand has soared despite much higher prices.
Sep 2, 2021 - 09:51:01 PDT
Negative demand for deposits hit a new record high on August 31. Yet the Fed continues to pump unwanted liquidity into the markets.
Across the world, a dearth of workers is shaking up food supply chains. In Vietnam, the army is assisting with the rice harvest. In the U.K., farmers are dumping milk because there are no truckers to collect it. Brazil’s robusta coffee beans took 120 days to reap this year, rather than the usual 90. And American meatpackers are trying to lure new employees with...
The euro-area economy’s rebound and a dramatic inflation surge has reignited the sparring among European Central Bank policy makers about when to shift the institution away from its crisis mode. While euro-area central bankers were mostly united behind the measures taken to guide the economy through the Covid-19 recession, the return toward normality...