Gold has all the potential to go unprecedentedly high. But silver will be gold on
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THE WOLF STREET REPORT: This “Temporary” Inflation Is Turning into an Inflation SpiralJul 12, 2021 - 07:46:20 PDT
Get Used to Higher Inflation. My Thoughts on the Biggest Mess I’ve Seen in Decades.
The United States on Sunday repeated a warning to China that an attack on Philippine armed forces in the South China Sea would trigger a 1951 U.S.-Philippines mutual defense treaty. Secretary of State Antony Blinken made the comment in a written statement marking the fifth anniversary of a ruling by an arbitration tribunal repudiating China’s vast territorial ...
China's military said it "drove away" a U.S. warship that illegally entered Chinese waters near the Paracel Islands Monday, the anniversary of an international court ruling that held Beijing had no claim over the South China Sea.
Shifts in the global economy over the last few decades have helped keep prices in check, but some economists say these forces have begun to reverse in ways that the pandemic has intensified.
Central Banks should know by now that you cannot have negative interest rates with low bond yields and strong growth. One or the other.
The near-term trend for gold seems to be biased towards the upside, with the immediate resistance at $1,815 per ounce and support at around $1,790, said Margaret Yang, a strategist at DailyFX.
The long-term case for gold remains intact. The ratio of total US M1 (adjusted for the recent savings deposit re-classification) to gold has continued to surge higher, showing the underlying trend remains bullish. A bullish long-term trend does not mean things move in a straight line. Even the gold bull market during the high inflation...
Americans should brace themselves for several years of higher inflation than they’ve seen in decades, according to economists who expect the robust post-pandemic economic recovery to fuel brisk price increases for a while.
What do you do when that stimulus money runs out? You whip out the credit card.Consumer debt was up 10% in May, according to the latest data from the Federal Reserve, and we saw a big jump in credit card balances for the first time since February 2020.
Beijing’s monetary easing is a bad sign for global reflation prospects and risk appetite.
What is clear to me is that we are moving irresistibly closer to a critical question for the economy and markets, and not just in the US: is there still the possibility of an orderly exit from what has been a remarkably long period of uber-loose monetary policies?
Fed’s Quarles Seeks Global Coordination on Climate-Related Financial RiskJul 12, 2021 - 05:42:15 PDT
Global financial regulators need a joint effort to address climate-related financial risks, the chair of the Financial Stability Board said on Sunday, urging the body tasked with setting disclosure standards to "press forward as quickly as possible."
China’s V-shaped economic rebound from the Covid-19 pandemic is slowing, sending a warning to the rest of world about how durable their own recoveries will prove to be.The changing outlook was underscored Friday when the People’s Bank of China cut the amount of cash most banks must hold in reserve in order to boost lending. While the PBOC said...
The Biden administration negotiated a global tax agreement with 130 countries. Getting it through Congress will be tricky.
The wealthy are borrowing more than ever, using low-interest loans backed by their investments in a strategy known as “buy, borrow, die.”
Large rent increases and bidding wars on rentals are the new norm in some parts of America as reopening comes with big price hikes.
“China’s central bank cut the amount of cash most banks must hold in reserve, a move that went further than many economists had expected and suggested growing concerns about the economy’s faltering recovery. The People’s Bank of China will reduce the reserve requirement ratio by 0.5 percentage point for most banks… That will unleash about 1 trillion...
Governments at the state, local, and federal levels can obstruct our pursuit of happiness and at times even jeopardize our safety.
Jul 12, 2021 - 05:21:18 PDT
Housing in the USA and across the globe is becoming simply unaffordable. Surging house prices across much of the globe are emerging as a key test for central banks’ ability to rein in their crisis support.
Jul 12, 2021 - 05:18:18 PDT
Long credit positions held by quants have doubled since 2018 according to Man Group data, outpacing the 20% growth for other asset managers as systematic players seize on the rapid market modernization — like they did in stocks years ago.