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Senate Finishes Text of Bipartisan Infrastructure Bill After Rare Weekend SessionAug 2, 2021 - 05:05:24 PDT
Senators were working in a rare weekend session to finish the text of the bill that will pour billions into roads, bridges, public transport, broadband, rail, water and airports.
U.S. Treasury yields started the week higher, ahead of the release of purchasing managers' index data.
The World's Mainstream Assets Inflated Higher To New Record Levels While Gold & Silver Are Extremely UndervaluedAugust 2, 2021
It's truly amazing what a few extra zeros can do for one's financial wealth. Today, we have a new past-time of adding zeros to make us feel rich. And, why not? We work hard, and we deserve it. So, if the value of someone's house goes up 45-50% in a few months or year...
We've been talking a lot about rising prices. The CPI has come in hotter than expected every month this year. We're paying more to buy less.We see the impacts of inflation on price tags, but sometimes it squeezes us more subtlety. It's known as "shrinkflation."
GDP for the second quarter disappointed, coming in at an annualized rate of 6.5%. Is this a sign of impending stagflation?While 6.5% growth looks good on the surface, economists polled by the Wall Street Journal expected annualized GDP to chart around 9.1%. This was a huge miss and indicates the economy isn't growing nearly as fast as everybody assumed.
How does our modern High-Tech Global Economy compared to the Late Bronze Age and its collapse? In PART 2 of this video presentation, I provide 35 slides on how the Global High-Tech Semiconductor Economy is in serious trouble as the world heads over the coming ENERGY CLIFF. While most people believe the technology...
The CFTC Commitment of Traders (COTs) report is released once a week and shows a breakdown of open interest by trader category. As discussed in the gold/silver pricing analysis, Open Interest can be a major factor in the metal price. The CFTC breaks down open interest by:
LATE BRONZE AGE COLLAPSE: Amazing Parallels To The Coming Collapse Of The High-Tech Global EconomyJuly 31, 2021
This is a MUST WATCH presentation on the Late Bronze Age Collapse and its parallel to the coming collapse of our High-Tech Global Economy (now available for Silver Members). It's quite amazing how advanced the different empires were doing the Late Bronze Age and how quickly they collapsed...
“Inflation is accelerating while Treasury yields trend lower, resulting in record low negative yields,” which are bullish for gold, Michael Armbruster, managing partner at Altavest, told MarketWatch. “It also helps gold that the dollar has rolled over yet again.”
Even Banks Join The Mockery: The Stimulus Is Neverending As Pandemic Goalposts Shift All The TimeJul 30, 2021 - 12:44:14 PDT
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
The Push is On to Extend One of the Federal Government’s Worst Pandemic Power-GrabsJul 30, 2021 - 12:38:32 PDT
Whenever the order finally expires, crushing bills will come due.
“[The government] does not have the authority to do this,” Senator Rand Paul said. “It's dangerous precedent and bad policy.”
Disposable personal income decreased slightly in June. Spending held up, but the trends and data points are not favorable.
Fed’s Lowest Lowball Inflation Measure “Core PCE” Spikes Further. Highest 3-Month Rate since 1982Jul 30, 2021 - 11:44:31 PDT
“Way above target”: Fed Chair Jerome Powell.
Nearly 6.4 million households owe an estimated $21.3 billion in rent debt, putting them at risk of losing their homes when the national eviction moratorium expires on Saturday.
The amount of debt carried by boomers, many on fixed incomes, grew more than for other age groups during the pandemic.
Bullard: Fed Should Taper This Fall, Go “Fairly Rapidly” To End Early 2022 & That Can Be DisruptiveJul 30, 2021 - 11:21:20 PDT
"The whole central bank community has been in dovish mode for a long time. If the data shift against us we may have to move quickly, and that can be disruptive."
It’s official: at exactly 1:15pm today, the NY Fed reported that for the first time ever, 86 counterparts parked over $1 trillion in reserves at the Fed’s Reverse Repo Facility for overnight 'safekeeping' and collecting a nice, fat yield of 0.05% - representing hundreds of millions in absolutely free money as these are reserves that the Fed has previously handed out to banks - for free...
It’s looking increasingly clear folks: The economy has taken on too much debt. Interest rates can’t rise substantially without threatening to crash the entire system. But instead of exercising concern, Wall Street is partying hard with today’s cheap liquidity in a speculative orgy.
Krugman’s Delusion: The Difference Of Theory Versus Reality: Lance RobertsJul 30, 2021 - 10:31:38 PDT
In a recent interview with Business Insider, Paul Krugman's delusion was evident as the difference between economic theory and reality was on full display.
"It's Probably Time To Sell!" - Guggenheim's Minerd Warns Of Delta's Looming Threat To Risk AssetsJul 30, 2021 - 10:27:05 PDT
All in all, as far as markets and the economy are concerned, "Things couldn't be better." If that's the case, I guess it's probably time to sell!