Gold has all the potential to go unprecedentedly high. But silver will be gold on
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The board of governors of the International Monetary Fund (IMF) has approved a new general allocation of Special Drawing Rights (SDR) equivalent to $650 billion, the largest allocation in the IMF's history, in an effort to boost global liquidity amid the COVID-19 pandemic, according to an IMF statement released Monday.
An EV Battery Metals Crunch Is On The Horizon As The Industry Races To RecycleAug 3, 2021 - 05:26:45 PDT
A "crunch" for the materials will likely happen as a result of demand surpassing supply, which will take place in 2 to 3 years, according to Monica Varman, a clean tech investor at G2 Venture Partners.
For consumers and economists hoping commodities inflation will soon subside, the aluminum market delivered some discouraging news on Monday. The world’s second-largest brewer, Heineken NV, said the rising costs of freight and the metal used in beer cans will have a “material effect” on profit next year. Reynolds Consumer Products Inc.,..
The incipient “Great Reset” is a multi-faceted beast. We talk a lot about vaccine passports and lockdowns and the Covid-realated aspects – and we should – but there’s more to it than that. Remember, they want you to “own nothing and be happy”. And right at the top of the list of things you definitely shouldn’t own, is your own home.
With housing prices through the roof, sellers are getting great prices for their homes. Yet many don’t plan to buy a new place to live.
White House Defends Its Decision Not To Extend the Federal Eviction MoratoriumAug 3, 2021 - 05:17:37 PDT
The White House defended its decision not to extend the nearly yearlong federal eviction moratorium on Monday, two days after the ban expired July 31.
BTIG’s Julian Emanuel warns the major indexes are likely weeks away from a setback.
The holiday shopping season could be marred by out-of-stock goods and shipping delays as the floods in Europe and China hit already strained supply chains.
Investors Have Misconstrued China’s Crackdown As Anti-Capitalist, Billionaire Ray Dalio SaysAug 3, 2021 - 05:08:10 PDT
Chinese tech and education stocks sold off last week after the country continued its crackdown on tech, and stepped up restrictions on its education industry.
Consumers are proving more reluctant to spend money and experts are worried about what this means for the economic recovery.
U.S. Treasury yields climbed on Tuesday morning, with the 10-year rate rising to top 1.19%, despite concerns about a slowdown in growth.
Aug 3, 2021 - 05:04:04 PDT
The administration could face legal challenges in coming weeks, as citizens and some states push back on mandates.
Inflation continues to run rampant and it's distorting the entire economy.In a recent podcast, Peter Schiff explains how rising prices create the illusion of economic growth. And they are also allowing the US government to stealthily default on its massive debt. This is not a sign of a strong economy.
While everyone knows the markets are overdue for a major correction, these three charts show why that could be the case. If we compare the broader markets with certain indexes and indicators, we can clearly see that something JUST AIN'T RIGHT. The broader markets have disconnected from other indexes suggesting...
Gold Ends Higher As Dollar Retreats, Benchmark Treasury Yields Deepen Slump to February Nadir: MWAug 2, 2021 - 12:53:07 PDT
Gold futures settled higher Monday, starting August on an upbeat note for the precious metal as a retrenchment in the U.S. dollar DXY, -0.09% and a further pullback in 10-year Treasury yields TMUBMUSD10Y, 1.176% helped to pave the way for buying in bullion.
Jul.28 -- Nouriel Roubini, CEO at Roubini Macroassociates, discusses his stagflation concerns as he sees the potential for 1970’s-style inflation. He speaks on “Bloomberg Surveillance.”
The housing boom that fueled an unprecedented surge in home prices during the pandemic seems to have finally tapered off. Sales of newly built homes in June fell 6.6% below the revised May rate. This...
This is the end of the euro experiment. All trust has been eroded in the ECB, the European Union is a fracturing political union papered over by a currency, which since it has effectively repealed member states monetary sovereignty, has hamstrung member states and subsequently impoverished EU citizens.
85.7% of respondents reported price increases. In June an amazing 92.1% reported price increases.
World's Largest Pension Fund Slashes US Treasury Exposure By Record AmountAug 2, 2021 - 12:31:18 PDT
The world's largest pension fund, Japan’s Government Pension Investment Fund, made a record cut to the weighting of Treasuries in its portfolio last fiscal year, sparking a global debt selloff.