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The number of Americans who renounced their citizenship in favor of a foreign country hit an all-time high in 2020: 6,707, a 237% increase over 2019.
Aug 5, 2021 - 08:10:23 PDT
The L.A. City Council will consider requiring that people show their vaccination status to visit indoor places such as restaurants, stores and gyms.
The bipartisan infrastructure bill includes a provision that would require auto manufacturers to equip "advanced alcohol monitoring systems" in all new cars.
To Mars and back. That is how long the latest ‘stimulus’ currency would be if lined up as one-dollar bills. What are the repercussions of this unprecedented currency creation? Join Mike Maloney and Ronnie Stoeferle for Part 3 of their summary of the ‘In Gold We Trust Report’. Available to download for free at ingoldwetrust.report
This wholesale transfer of risk from elites to the workers is finally becoming consequential as wealth / income / security inequality is reaching extremes that are destabilizing society and the economy.
The U.S. trade deficit increased to a record $75.7 billion in June as a rebounding American economy sent demand for imports surging. The Commerce Department reported Thursday that the deficit rose 6.7% from a revised May deficit of $71 billion.
Democrats See Chance To Reset Wall St. Oversight When Top Fed Official Steps DownAug 5, 2021 - 07:21:21 PDT
The looming exit of the Federal Reserve's top regulatory official will give Democrats an opportunity to reverse the central bank's Wall Street-friendly course without ditching Chair Jerome Powell when his term expires next year.
If bond markets are taken at their word, the world post-pandemic will be defined by stagflation, a toxic scenario that appears at odds with the bounceback indicated by robust economic data and record-high equities.
The impulse to regulate these markets is growing more evident around the globe. Japan’s top financial regulator said Wednesday that plans to combat money laundering would also include digital currencies.
Millions Will Lose Pandemic Unemployment in September—Many Have Already Been Cut OffAug 5, 2021 - 07:06:53 PDT
Roughly 7.5 million workers who've relied on pandemic-era unemployment benefits will be cut off when they are set to expire on September 6.
Gold continues to flow into ETFs. After increasing holdings by 40 tons in the second quarter, funds globally added another 11.1 tons of gold in July, according to the latest data from the World Gold Council.
Gold futures trade up slightly on Thursday, with bullion attempting to deliver its first back-to-back gains since mid July.
Continuing Claims Plunge, But Almost 13 Million Americans Remain On The DoleAug 5, 2021 - 05:42:58 PDT
Initial jobless claims has largely stagnated for the last few weeks and remains so, printing 385k this week (still amost double the 'normal' pre-lockdown levels)...
The Federal Reserve and other central banks around the world have pumped trillions of dollars into the global economy and depressed interest rates to artificially low levels to blow up the mother of all bubbles. In his podcast, Peter Schiff explained how the recent acquisition of Afterpay by Square reveals the extent of this global bubble economy that will inevitably have to pop.
Jobless Filings Match Estimates While Continuing Claims Tumble Below 3 MillionAug 5, 2021 - 05:40:50 PDT
Initial claims for unemployment insurance were expected to total 385,000 for the week ended July 31, according to economists surveyed by Dow Jones.
Extreme weather in China is becoming the latest challenge to global supply chains, as a heavy typhoon season threatens to further delay goods stuck at some of the world’s busiest container ports.Yantian port in southern China’s export and industrial hub of Shenzhen temporarily stopped drop-off services of containers on Tuesday night due to a typhoon alert.
For the last three decades, the Chinese military has been undertaking a systematic modernization of the People’s Liberation Army. While the conventional force modernizations have garnered most of the attention, recent revelations of a major Chinese missile silo construction effort in the west indicate that the nuclear component of the PLA has been modernizing as well.
Biden Administration Proposes $750 Million Arms Sale to Taiwan in a Move Likely To Anger ChinaAug 5, 2021 - 05:29:05 PDT
"[The proposed weapons sale] sends wrong signals to the 'Taiwan independence' separatist forces and seriously damages Sino-US relations and peace and stability across the Taiwan Strait," the statement said. "China will resolutely take proper and necessary countermeasures in accordance with the development of the situation."
26 States Ended Federal Unemployment Benefits. Data Suggests It’s Not Getting People Back to WorkAug 5, 2021 - 05:24:44 PDT
Data from payroll firms Homebase and UKG, similar to other recent studies, indicate state policies haven't pushed people back to work yet.
Markets Are Set for a Correction and Japan Could Be Among the Hardest Hit, Warns Scandinavian BankAug 5, 2021 - 05:11:28 PDT
“For the next couple of months, I think you’re going to see some downside risk, especially going into the fall,” Yokota, Singapore head of markets at the firm, told CNBC’s “Squawk Box Asia” on Thursday. “I think stock markets are in for a correction.”