Gold has all the potential to go unprecedentedly high. But silver will be gold on
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The Japanese Government Bond market is nearly $10 trillion in size. It is the 2nd biggest bond market in the world. However, it comes as a shock that this humongous market barely trades any longer.
The report found "the asymmetric roll-out of vaccines magnifies the economic blow tourism has suffered in developing countries, as they could account for up to 60 percent of the global GDP losses."
"Adjusting for oil and auto prices puts the rate of inflation below the Fed’s 2 percent average target rate. Still, high rates of NGDP growth and mounting bank reserves should cause Fed officials to be leery of high inflation going forward."
Inflation is soaring but should moderate as commodities correct and supply chains straiten out. But the world is still bankrupt.
The unraveling of social cohesion has consequences. Once social cohesion unravels, the nation unravels.
Years of ultra-loose fiscal and monetary policies have put the global economy on track for a slow-motion train wreck in the coming years. When the crash comes, the stagflation of the 1970s will be combined with the spiraling debt crises of the post-2008 era, leaving major central banks in an impossible position.
Rabo: The Second Half Of 2021's Inflationistas Vs. Deflationistas Is About To Get Underway Jun 30, 2021 - 09:47:56 PDT
“That’s right. Powell in the heart of the Deflationistas defence looked totally confused. Is his head right? I am sure they will keep him on for the second half because the only real sub, Brainard, is untested at this level: but if it goes to extra time, do you think we will see a substitution?”
The combination of high demand and low supply is pushing prices to record levels. Researcher J.D. Power estimates the average price of a new model topped $40,000 in June for the first time, up almost 15% from last year. The most-sought-after SUVs and trucks are commanding prices thousands above the window sticker.
Costs for cardboard packaging, aluminum for beer cans, labels, transportation and energy are all going up. That is part of a wider burst of inflation hitting many industries in the developed world as economies recover from Covid-19 lockdowns.
U.S. wages likely posted a third strong monthly gain to fuel a 3.6% increase in June from a year earlier, according to economists’ forecasts ahead of the Labor Department’s jobs report due Friday. Companies including FedEx Corp. and Olive Garden owner Darden Restaurants Inc. are raising wages to attract staff.
Jun 30, 2021 - 09:13:55 PDT
I agree with the Fed that inflation is transitory. But my key reasons strongly differ as to why.
The Fed announced the reportedly hawkish news that the central bank may raise rates, not this year, not next year, but by fifty basis points sometime in 2023.
Bank of England Chief Economist Andy Haldane said inflation is likely to finish the year close to 4%, posing the biggest challenge to policy makers since the pound plunged in 1992.The forecast would be double the central bank’s target and over the 3% the BOE estimated earlier this month. Haldane, leaving his post on Wednesday, used his last speech to urge his...
The Fed’s top officials, including Chair Jerome H. Powell, acknowledge that a lasting period of uncomfortably high inflation is a possibility.
The Financial Stability Board released a 63-page report Wednesday advising an overhaul of regulations for money-market funds, aiming to fix flaws exposed by early-pandemic turmoil that froze vital financial markets.The funds should penalize investors trying to grab money quickly in a crisis, according to the report.
Rising investor concerns over shaky finances in China’s most economically fragile provinces have prompted a sell-off in state-run groups’ bonds, as analysts warn of a surge in defaults in the country’s $17tn credit market.
Developing countries have yet to feel the full economic impact of the coronavirus crisis, but they will not be able to rely on the support of the world’s major central banks as they reduce their pandemic-era stimulus, the head of the Bank for International Settlements warned. Austin Carstens, general manager of the BIS, the bank...
Recent collapses of bridges and a Florida condo building highlight what can go wrong when basic structural and foundational elements are neglected and allowed to deteriorate.
"Soft' survey data has been doing what it does... surging ahead of actual "hard" data providing those who need it with proof that things are getting better.
Have you ever stopped to think about the sheer volume of Federal Reserve money creation? Comparing fiat money creation to real money creation will give you some perspective.