Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Reagan’s firing of striking air traffic controllers was the first huge offensive in corporate America’s war on everyone else.
Aug 9, 2021 - 11:28:05 PDT
Let's go over the nebulous details of the $3.5 trillion Democrat plan for America.
In our baseline forecast, the recent decline in U.S. Treasury yields will reverse somewhat, as some of the near-term factors pressuring yields lower ebb. Yet we acknowledge the risks that yields could well fall further. Looking long term, we expect yields in developed countries to remain range-bound at relatively low levels.
“Job openings hit another record high in June with quits rising and layoffs extremely low.” – Robert Hughes
The United States economy recovered at a 6.5 percent annualized rate in the second quarter of 2021, and gross domestic product (GDP) is now above the prepandemic level. This should be viewed as good news until we put it in the context of the largest fiscal and monetary stimulus in recent history.
Aug 9, 2021 - 10:52:52 PDT
Treasury will not oppose a bipartisan agreement over two competing amendments that limits federal regulation of cryptocurrencies.
Andrew Stettner, a senior fellow at The Century Foundation, is sounding the alarm about the consequences of ending the benefits next month.
Fed On Verge Of Losing Control: 25% Of Consumers Expect Inflation In 3 Years To Explode To 8%Aug 9, 2021 - 10:41:15 PDT
While central banks, tenured economists and the financial media are doing everything in their propaganda power to convince Americans that the current phase of hyperinflation is merely transitory (although it now appears that even the Fed is getting some doubts writing in its semi-annual monetary policy report that inflation is “more lasting but likely still temporary”...
Here’s When the Eviction Ban, Student Loan Pause and Other COVID Programs ExpireAug 9, 2021 - 09:50:14 PDT
After more than a year and a half of unprecedented federal financial aid in the face of the coronavirus pandemic, key programs are set to expire soon.
Viewed as a complex non-linear system, the pandemic varinants can only be controlled by drastically pruning the physical connections between disparate global groups, which means effectively ending the unrestricted flow of individuals around the planet.
While short-term inflation expectations are soaring according to virtually every survey including the Fed's own...
Structural supply deficits, climate change, the global trend to electrify and decarbonize, and resource nationalism are not temporary or transitory. The inescapable conclusion? Inflation compounds year after year and the purchasing power loss your currency has experienced will never be regained...
U.S. Consumers’ Near-Term Inflation Expectations Remain High, New York FedAug 9, 2021 - 09:21:10 PDT
U.S. consumers' inflation expectations for the near future remained elevated last month while the outlook for their financial prospects over the next year dimmed, according to a survey released on Monday by the New York Federal Reserve.
Democrats Leave Debt Ceiling Increase Out of Budget Plan, Setting Congress Up for Fall ShowdownAug 9, 2021 - 08:51:42 PDT
It's all but certain Congress won't raise the debt ceiling before the Senate's recess, setting the stage for a partisan face-off this fall.
A remarkable feature of extended bull markets is that investors come to believe – even in the face of extreme valuations – that the world has changed in ways that make steep market losses and extended periods of poor returns impossible. Among all the bubbles in history, including the 1929 bubble, the late-1960’s Go-Go bubble, the early 1970’s Nifty-Fifty mania,...
Treasury Secretary Janet Yellen on Monday urged Congress to raise the debt ceiling through "regular order," the same day Democrats plan to unveil their multi-trillion budget resolution which will potentially include
Stagflation Shockwave: China Surprises With Unexpectedly Strong Inflation As GDP ShrinksAug 9, 2021 - 08:31:59 PDT
With banks slashing China GDP left and right, with Goldman becoming the latest bank to do so over the weekend when it cuts its Q3 real GDP forecast by 3.5% to 2.3% Q/Q (vs. 5.8% previously), and its full year GDP forecast to 8.3% yoy (vs. 8.6% previously) as the bank has “begun to see softening in national aggregate data” following another miss in China trade...
Democrats Release Sprawling Budget Plan As Senate Moves To Pass Bipartisan Infrastructure BillAug 9, 2021 - 08:28:37 PDT
After the Senate passes a $1 trillion infrastructure bill, Democrats will take the first step to approve their $3.5 trillion spending plan.
China’s expanding military provocations toward Taiwan have elevated concern among the United States and its allies that Beijing could be on the verge of using force against the island democracy, which China considers to be an integral part of its sovereign territory.
Apple is, of course, already under significant government pressure to weaken encryption for the convenience of law enforcement—and this announcement is doubtless an attempt to relieve that pressure by demonstrating that the company is dedicated to combatting a particularly loathesome misuse of its products.