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Biden To Push for Electric Vehicles To Make Up 40% or More of U.S. Auto Sales by 2030Aug 5, 2021 - 05:08:41 PDT
The new target is expected to be supported by companies such as General Motors, Ford Motor, Stellantis and other automakers.
Bank of England Keeps Policy Unchanged, Warns of ‘More Pronounced’ Period of InflationAug 5, 2021 - 05:07:19 PDT
The Bank of England left its monetary policy unchanged on Thursday, but raised its inflation forecasts.
The Labor Department is set to release the number of jobless claims filed last week at 8:30 a.m. ET.
One lie after another… Why are so many fully vaccinated people getting COVID?…
While it's no longer a hidden secret, ExxonMobil's Shale Assets continue to be major destroyers of capital. This is also true for most of the U.S. Fracking Industry, but it's especially true for the country's largest oil company as it continues to throw away good many after bad into its Shale Oil Black Hole...
The Commodity Bounce Maybe Cured and It’s Favoring Gold: Bloomberg IntellegenceAug 4, 2021 - 13:11:28 PDT
Gold is poised to take the 2H medal since broad commodities may stabilize if the stock market keeps rising and bond yields stop declining, as we see it. This is the dilemma that tilts price and deflation risks toward pre-pandemic conditions, with plenty of supply incentive amid higher prices.
Aug 4, 2021 - 13:07:47 PDT
China's gold consumption plummeted by nearly 20 percent in 2020 largely because of the coronavirus pandemic, but rebounded sharply in the first half of 2021, an industry report showed on Tuesday.
For Ray Dalio, bitcoin is like a digital version of gold — but the billionaire clearly values one higher than the other.
However, commodities have been in a consolidation phase for well over a decade now. The consolidation phase seen during the 1960’s lasted just about as long as the current one; the subsequent breakout higher proved to be a good inflation signal. The next consolidation phase, during the 80’s and 90’s, lasted more than twice as long as it was marked by a prolonged period of disinflation.
With allowance for noise, this means that growth weakened considerably over the course of the quarter. It also means if growth was stronger in April and May, and if growth for the quarter overall was 6.5%, then June must have been well below 6.5%. It’s simple math.
Senator Elizabeth Warren praised Federal Reserve Governor Lael Brainard on Wednesday for her approach to financial regulation while criticizing Chairman Jerome Powell as too protective of big financial institutions.
A policy that is aimed at stabilizing a mirage can only lead to a disaster. Likewise, if one defines inflation as changes in the prices of goods and services whilst ignoring the valid definition of inflation being changes in the money supply, one is likely to set in motion policies that will undermine the well-being of individuals rather than protecting them from the menace of inflation.
"Whereas some anti-capitalists wish earnestly for capitalism’s end and yearn for a future utopia of non-capitalist wealth (a contradiction), others of them yearn for the world known before capitalism, the non-capitalist world that was fundamentally feudal and medieval."
"Liberty is not measurable in dollars; it is priceless. As such, we should argue against any infringement on liberty—in this case public debt—for that reason."
This combo of massive QE, repressed interest rates, huge government stimulus with borrowed money, and raging inflation is new in recent history.
: Forbearance & Free-Money Phenomenon amid Soaring Prices of Homes & Autos. Mass-forbearance is the best thing that ever happened to sweeping reality under the rug. But now, there’s a huge mess under the rug.
The biggest wave of tenants in U.S. history has arrived, and landlords are responding with the largest-ever rent increases.
The SEC Will Regulate Cryptocurrency Markets to the Maximum Extent Possible: WSJAug 4, 2021 - 09:53:02 PDT
Calling the asset class rife with “fraud, scams and abuse,” Mr. Gensler signaled the SEC is likely to become more active in policing crypto trading and lending platforms, as well as so-called stablecoins.
Aug 4, 2021 - 09:49:37 PDT
Lebanon, a small Mediterranean country still haunted by a 15-year civil war that ended in 1990, is in the throes of a financial collapse that the World Bank has said could rank among the world’s worst since the mid-1800s. It is closing like a vise on families whose money has plummeted in value while the cost of nearly everything has skyrocketed.
Aug 4, 2021 - 09:48:05 PDT
WAR ZONES Biggest US Navy war games in 40 years to prepare for WW3 across 17 times zones amid tensions with Russia, China and Iran...