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The White House is shifting the way it talks about inflation, as polls show increasing voter concern and Republicans try to use rising prices to kill off President Joe Biden’s sweeping plans to spend trillions of dollars on social programs and infrastructure projects.Out: wonky words like “transitory” and complicated statistical explanations for price indicators.In:...
(Bloomberg) -- Policy hawks at the Federal Reserve are setting their sights on scaling back the U.S. central bank’s massive intervention in the mortgage market as home prices soar. But the Fed leadership doesn’t sound convinced by arguments in favor of a hasty exit strategy.The debate -- over whether to taper the Fed’s purchases of mortgage-backed securities faster than its buying of Treasury debt -- will probably be near the top of the agenda when officials gather July 27-28 to discuss next...
A new worldwide wave of COVID-19. Natural disasters in China and Germany. A cyber attack targeting key South African ports.
Extreme weather is slamming crops across the globe, bringing with it the threat of further food inflation at a time costs are already hovering near the highest in a decade and hunger is on the rise.Brazil’s worst frost in two decades brought a deadly blow to young coffee trees in the world’s biggest grower. Flooding in China’s key pork region inundated farms...
Putin said last month Russia could have sunk the British warship HMS Defender, that it accused of illegally entering its territorial waters, without starting World War Three and said the United States played a role in the “provocation”.
‘Disturbing’ Actions by China Signal Early Stages of a Cold War, Economist Stephen Roach WarnsJul 26, 2021 - 05:21:28 PDT
Yale’s Stephen Roach, who served chairman of Morgan Stanley Asia, believes Beijing’s crackdown against U.S.-listed China stocks have major market implications.
Researchers are digging into Central Bank Digital Currencies and what a CBDC could look like in the U.S.
Once Asia’s Top Performer, the Thai Baht Is Now Becoming the Region’s Worst-Hit CurrencyJul 26, 2021 - 05:16:59 PDT
The Thai baht, once the strongest-performing Asian currency before the pandemic hit, has been steadily falling and is 9.9% lower against the dollar this year.
U.S. Treasury yields ebbed lower on Monday morning, with investor attention focused on the Federal Reserve two-day monetary policy meeting this week.
Europe’s Proposed A.I. Law Could Cost Its Economy $36 Billion, Think Tank WarnsJul 26, 2021 - 05:13:53 PDT
A new law designed to regulate artificial intelligence in Europe could end up costing the EU economy 31 billion euros ($36 billion) over the next five years.
Bitcoin surged above $39,000 for the first time since mid-June as sentiment turned bullish following a recent sell-off.
The lower rating comes as vaccination rates have hit a wall, the spread of the COVID-19 Delta variant, and concerns about rapid inflation, exploding wealth inequality, and millions of people unemployed.
Tense U.S.-China Meeting Ends, Beijing Official Says Relations Are in a ‘Stalemate’Jul 26, 2021 - 05:06:39 PDT
Before talks with U.S. Deputy Secretary of State Wendy Sherman even ended, China said the relationship "is now in a stalemate and faces serious difficulties."
Federal Reserve Chairman Jerome Powell continues to insist the surge of rising prices is "transitory. But if this is true, why are inflation projections for 2022 rapidly rising? It seems the markets aren't buying the transitory theme.
The Massive Amount Of Water & Fracking Sand Consumed In The U.S. Largest Shale Oil FieldJuly 26, 2021
While the world believes in the fairy tale that technological developments allowed the U.S. to bring on a record amount of shale oil production, there's a much simpler explanation... a gargantuan amount of water and sand used to frack wells. It's truly amazing how much water and fracking sand the United States...
METALS & MARKET UPDATE JULY 25th: More Alt-Media Analysts Saying Disinflation & Deflation AheadJuly 25, 2021
In this Metals & Market Update, I go over the short-term charts on the broader markets and precious metals. The Major Indexes are now at a BREAKOUT area where they could move higher over the short term. This would also be bullish for the precious metals. However, Mike Pento, interviewed on Adam Taggart's Wealthion...
Suddenly investors are panicked that inflation is taking over. But what if they’re wrong? Well, that could be a costly mistake if they're betting their portfolio’s future on it. Because there’s a strong case to be made that we’re now actually entering a period of dis-inflation, one that has a high risk of tipping into outright deflation by next year.
WHY SILVER IS THE MAJOR INVESTMENT OF THE FUTURE: U.S. Financial System & Massive Debt Heading To Epic MeltdownJuly 24, 2021
The U.S. Financial System is heading towards an Epic Meltdown. At this time, most financial assets will lose value, even the U.S. Dollar. While the Federal Reserve has been able to prop up the U.S. Economy & Financial System, this isn't something that can go on for many years. With the U.S. shale oil production on a "Collapse Trajectory...
Inflation & shortages are created by Federal Reserve counterfeiting and government interventions in the economy. Every other excuse is just that, an excuse that is meant to distract you from the sources of these ills.
Now a growing number of mayors and other leaders say they want to determine for sure whether programs like these are the best way to reduce poverty, lessen inequality and get people working.