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Friday’s Jobs Report Is a Wild Card, With Economists’ Estimates All Over the MapAug 6, 2021 - 04:58:30 PDT
The economy is expected to have added about 845,000 payrolls in July, as America's workforce gradually rebuilds from sharp pandemic-induced job losses.
The Labor Department is due to release its July nonfarm payrolls report at 8:30 a.m. ET.
AUGUST MONTHLY WRAP UP: Commodities, Metals, Where's The Inflation & Revisiting The Stages Of Growth & CollapseAugust 6, 2021
In this August Monthly Wrap-up, the Tactical Trader provides a group of charts on the metals and commodities, asking where is the inflation? While there most certainly are higher prices in many areas, if you look at a large basket of commodities, we don't see that inflation. Also, I revisit the Stages of Growth and Collapse...
Gold markets have fallen during the trading session on Thursday, breaking below the 200 day EMA but have also turned around to show signs of support.
Investors spent $53 billion on multifamily real estate during in the three months ending in June, the most ever for the second quarter, according to data from Real Capital Analytics.
What the World’s Rising Pile of Negative-Yielding Debt Means for U.S. Treasures: MWAug 5, 2021 - 12:50:47 PDT
The search for yield is still a struggle. The pile of debt around the world that offers a negative nominal yield — meaning that investors would effectively have to pay for the privilege of parking their money — is on the rise again. Barclays index shows the amount of debt offering negative yields now stands at $16.5 trillion, a six-month high.
n fact, according to a new survey, more than half of Americans (62%) said that their credit card debt increased compared to before the global pandemic began. Additionally, 52% of respondents said that they increased their credit limits to support their increase in spending.
Retail Stock Buying In July Blew Away All Records, 50% Higher Than Previous All Time HighAug 5, 2021 - 12:41:57 PDT
As for the $64 trillion question - is this activity indicative of a massive stock bubble - we leave that up to readers.
Wall Street banks have rebuilt that derivatives doomsday machine today – a $168 trillion monster concentrated at four mega banks on Wall Street. But as we read through dozens of pages of written testimony submitted by witnesses for today’s Senate Banking hearing, the word “derivative” did not appear once.
For libertarians – and even many non-libertarians – it’s not shocking to discover that a US Administration lies and deceives the electorate. For government on all levels, lying to the American people is as American as apple pie. Sometimes the liars are held to account for their deception, but most often they are not.
As the economy continues to recover, prices have been rising. Polls show many Americans are worried about inflation, and that could have ramifications for the Biden administration.
The upward movement we're seeing in prices is not transitory and big tech will suffer from it, says one financial advisor.
Fed's Waller says he is skeptical a central bank digital currency would improve U.S. paymentsAug 5, 2021 - 10:45:44 PDT
U.S. Federal Reserve Governor Christopher Waller said on Thursday that many of the financial challenges that could be tackled by a central bank digital currency are already being addressed by other policies and he is skeptical the approach would improve the U.S. payments...
This kind of sale is nothing new for Uncle Sam. For years, the government has been seizing, stockpiling and selling off cryptocurrencies, alongside the usual assets one would expect from high-profile criminal sting operations.
Most of America’s Extra Savings During the Pandemic Are Going to the WealthyAug 5, 2021 - 10:29:05 PDT
While it's not surprising that America's savings, like income and wealth, are concentrated at the top, the degree of the savings inequality was unexpected.
Goldman Hikes S&P Price Target To 4,700 Due To Lower Rates, Says S&P Could Even Hit 5,000Aug 5, 2021 - 10:19:34 PDT
"Goldman's S&P 500 dividend discount model (DDM) would suggest a fair value of 4700, or 9% above the bank's current baseline price target of 4300."
Aug 5, 2021 - 09:08:46 PDT
Significant fiscal stimulus should speed faster recovery to central bank’s goals, according to Fed vice chairman Richard Clarida.
Since the end of August 2019, the Fed has created $4.5 trillion through Quantitative Easing, thereby increasing its total assets by 119%. The Fed creates money by making deposits into the Reserve Accounts that commercial banks hold at the Fed. Therefore, Bank Reserves have surged. This explains why asset prices have soared.
Venezuela is now in the worst economic crisis of its modern history. Inflation is so bad that the everyday economy now works mainly in dollars. In stores it is common to see prices listed in dollars.
Venezuela is now in the worst economic crisis of its modern history. Inflation is so bad that the everyday economy now works mainly in dollars. In stores it is common to see prices listed in dollars.