Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Treasury Secretary Janet Yellen will brief House Democrats on Tuesday about the efforts to distribute $46.5 billion in rental assistance to millions of Americans who are facing eviction.
Though few have noticed, the central bank is already slowing the growth of the money supply.
The evidence is mounting that companies are having a harder time passing off cost increases to their customers.
Corporate titans raced ahead during the pandemic, and they are extending that lead over smaller rivals as the rich world bounces back.
A shortage of truckers across the U.S. has become so severe that companies are trying to bring in drivers from abroad like seemingly never before...
Social Security’s Insolvency Is Bigger Than Climate Change and COVID-19 CombinedAug 2, 2021 - 11:14:21 PDT
In the year 1348, after more than a decade of war with France, Kind Edward III of England noticed that many knights who returned home from the front lines had become completely impoverished.
Gold is primed to surge to fresh highs as the risks around central banks unwinding massive stimulus are under-appreciated by investors, said a fund manager who forecast the metal’s ascent to a record last year.Diego Parrilla, who manages the $250 million Quadric Igneo fund, said there isn’t widespread awareness of the long-term damage that’s been caused...
A look at the recent GDP report suggests the headline numbers represent a "Grossly Defective Product" as it relates to the current economy.
US President Richard Nixon’s 1971 decision to end the US dollar’s convertibility into gold had such far-reaching consequences that it took policymakers decades to learn to manage the new system. Now, digital technologies are driving a new monetary revolution that could end the greenback’s global primacy altogether.
How have home prices reacted to massive central bank balance sheet expansion? Its not the same all over the world. First, we will look at the USA. The Case-Shiller National home price index is now …
Aug 2, 2021 - 09:33:50 PDT
REAL mortgage rates, defined as the Freddie Mac 30-year rate LESS alternative measures of inflation, vary from -1.189% (based on today’s PCE Deflator YoY) to -13.815% (based on the largest as…
The US stock market is 51% overvalued and at risk of a 34% decline. The catalyst is inflation which has arrived in spades and is likely to stay for a while.
This week’s Fed statement was another non-story. They added a new line about continuing to “assess progress” which some interpret as a step toward tapering. If so, it was a baby step. They’re simply thinking about whether they should start discussing the possibility of making a plan to begin tightening when conditions are right.
Take a look at what the FED’s manipulation of interest rates has done to housing prices. The chart below is from the data on their own website. It’s in real dollars and the indices synch perfectly. The USA is currently in the biggest housing bubble of all time. A “correction” in the stock market will bring down housing also. It’s going to be a mess...
The latest M2 numbers, for June, show that the disinflation in money is continuing. This is acting as an anchor on asset price growth and, as it continues, may well result in asset price deflation.
Here’s What Comes Next for the $1 Trillion Bipartisan Infrastructure BillAug 2, 2021 - 08:39:47 PDT
Chuck Schumer aims to pass the bipartisan infrastructure bill this week, before the Senate leaves for its August recess.
The Wolf Street Report: Dollar’s Purchasing Power Gets Zapped. It’s PermanentAug 2, 2021 - 08:35:01 PDT
This combo of massive QE, repressed interest rates, huge government stimulus with borrowed money, and raging inflation is new in recent history.
The big shift from durable goods to services is underway.
The pain starts in the South. Laws and procedures to evict tenants in some Southern states are among the most landlord-friendly in U.S.
The Chinese government has taken dead aim at its dynamic technology sector, the engine of consumption-led economic rebalancing. The authorities' recent actions are symptomatic of a deeper problem: the state’s battle to control the energy of animal spirits could sap the confidence of households and businesses.