Gold has all the potential to go unprecedentedly high. But silver will be gold on
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What is certain is that if a crisis emerges, the dollar (and gold) will strengthen in response to a global rush to safety.
The Federal Reserve’s eagerly awaited Jackson Hole symposium later this month may end up being a dud, at least in terms of its potential to sway currency markets.Euro/dollar implied volatility around the Aug. 26-28 event suggest smooth sailing, according to TD Securities’ Mazen Issa. Instead, investors may be waiting for the Sept. 3 U.S. payrolls report and Sept.
About 15% of families who got direct deposit for their July payment will get a paper check for August due to a technical error, the Treasury and IRS said.
Federal Judge Denies Landlords’ Request To Block CDC National Eviction BanAug 13, 2021 - 10:34:50 PDT
A U.S. judge on Friday rejected a request by landlord groups to block the Centers for Disease Control and Prevention's new eviction moratorium.
Joe Biden and The Fed Has Just Given You a Pay Cut, America. Get Ready for MoreAug 13, 2021 - 09:24:42 PDT
The Federal Reserve and Biden administration have tried to gaslight Americans by downplaying inflation and calling it transitory. Yet consumers and small businesses in the real world are feeling its full effects.
The data shows the Fed is behind the surging wealth gap. We examine the causes and the consequences of monetary policy choices.
Aug 13, 2021 - 08:21:41 PDT
August 15, 2021 marks the 50th anniversary of the end of the gold standard in the U.S. In 1971, President Richard Nixon formally unpegged the U.S. dollar from gold, meaning the greenback was no longer convertible into bullion.
Debt Ceiling Kicks in: Let’s See How Close to Zero it Gets Before Congress Ends this FarceAug 13, 2021 - 08:20:22 PDT
OK, that was suddenly very fast.
Now it is Powell, the Fed chief since 2018, who is feeling the heat and, like Bernanke, has to try and shape consensus as policymakers approach yet another critical turning point: when and how to start withdrawing the extraordinary stimulus they put in place to shield the economy from the COVID-19 pandemic.
"We will not consider voting for a budget resolution until the bipartisan Infrastructure Investment and Jobs Act passes the House and is signed into law..."
I learned a new term this week - crypto gangster.I have to confess — it sounds kind of cool."What do you do, Maharrey?""I'm a crypto gangster. So, don't mess with me."
American Consumer Sentiment Crashes Below COVID Crisis Lows, Inflation Fears ReboundAug 13, 2021 - 07:14:52 PDT
Following UMich's sentiment slump in July, analysts expect a further (modest) slide in Americans' confidence in preliminary August data this morning. They wewre wrong, very wrong!
Wall Street on Parade read through the Fed’s Annual Report for 2020 and discovered a direct correlation between the Fed’s deployment of large repo operations precedes the onset of a financial crisis.
Gold and silver tanked after last Friday's job report. But both metals have rallied a bit since the July CPI numbers came in right at expectations. In this episode of the Friday Gold Wrap, host Mike Maharrey looks a little deeper at jobs and CPI. Then he goes off-script and addresses some listener comments.
Gold has been whipsawed in recent weeks by uncertainty about the strength of the global economic rebound amid the spread of the delta variant of COVID-19 and talk of the Federal Reserve tapering its pandemic-era monetary accommodations later this year or early next year.
After more than $2 trillion spent by the US Tax Payers, Afghanistan is falling back to the TalibanAug 13, 2021 - 05:44:34 PDT
From its start in 2001 through April 2021, the war in Afghanistan has cost U.S. taxpayers approximately $2.261 trillion
Gig Economy Companies Are Having To Spend More Than Ever To Find Hosts and DriversAug 13, 2021 - 05:30:53 PDT
Airbnb and DoorDash saw their marketing costs soar more than 100% in the second quarter, but the spending wasn't focused on supply, not demand.
A Covid outbreak that has partially shut one of the world’s busiest container ports is heightening concerns that the rapid spread of the delta variant will lead to a repeat of last year’s shipping nightmares. The Port of Los Angeles, which saw its volumes dip because of a June Covid outbreak at the Yantian port in China, is bracing for another potential decline...
Mexico’s central bank raised borrowing costs for the second consecutive meeting Thursday, as stubbornly elevated and above-target consumer price increases are pushing inflation expectations higher for this year and next.Banco de Mexico boosted its key interest rate by a quarter-point to 4.5% in a split decision by its board after a surprise hike in June...
Aug 13, 2021 - 05:23:55 PDT
A working paper from the Federal Reserve warns that climate change could hold back economic growth, extending the central bank's foray into climate research despite some political backlash in D.C.