Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Liquidity is the lift to our numerous asset bubbles and worth closely examining to better assess the markets' potential flight path.
Inflation is accelerating -- every consumer in the country feels it every day. If there is any economic sense left in Washington, the rising inflation threat should grind President Biden's big-government spending plans to a halt.
Too much confidence is placed in the view that inflation rises will be transitory...
What we’re looking at: Raging House-Price Inflation.
The US government has pumped trillions of stimulus dollars into the US economy giving us a massive sugar high. It felt good at the moment, but after the initial rush, you always experience a crash.It looks as if we're already coming down off the high. May retail sales disappointed, dropping 1.3% after big stimulus-fueled gains in March and April. Meanwhile, over the last two weeks, weekly unemployment claims have jumped back above 400,000.
Rising house prices actually increase the buying power of those who already own them, while the cost of financing more expensive homes causes families to cut back expenditures in other areas, so the effect is counterintuitively deflationary.
The title of this article projects an ominous future where the masses are controlled by a few. Over the years I have written several articles covering the elite gathering in Davos. The global elites see the World Economic Forum (WEF) as an opportunity to promote their views and various causes.
The bottom line: "The recovery always came down to whether there would be enough stimulus to sustain us through the shutdowns," Capital Group U.S. economist Darrell Spence notes in a recent memo.
As Housing Boom Begins To Fizzle, Weekly Mortgage Demand Falls Nearly 7%Jun 30, 2021 - 05:24:38 PDT
Weekly mortgage demand fell to the lowest level in almost a year and a half, as home prices sideline more buyers.
Despite near record high confidence among homebuilders and realtors (whose salaries depend on it), it would appear that it is collapsing homebuyer confidence that really matters after all...
Biden’s Infrastructure Plan Would Cut U.S. Debt and Bump GDP, So Wharton Study SaysJun 30, 2021 - 05:21:15 PDT
The bipartisan plan authorizes $1.2 trillion of spending over the next five years and includes billions in additional spending to improve roads, bridges and broadband access.
Biden is in the middle of a roadshow to tout the plan, and on Tuesday told crowds in Wisconsin that it’s “going to make the world of difference for families.”
European stocks tumbled on Wednesday, but were still on course for a strong first half of the year.
ADP reported the addition of 692k jobs in June (better than the expected 600k but a slow down from May's 886k addition)...
U.S. Treasury yields fell early on Wednesday, despite anticipation over of the release of the June ADP private payrolls report, due out later in the morning.
China is already dealing with the worst power shortages since 2011, and the summer hasn't even begun. Not only is this a big problem for China, but it's also bad news for the rest of the world. Why? The world depends upon a great deal of Chinese imports. So when power shortages negatively...
Jun 29, 2021 - 13:03:58 PDT
Join Jeff Clark and Jake Ducey as they talk about why currency creation won't stop, if inflation will be transitory, and when gold and silver might break out again. Note: Jeff discusses some mining stocks in this video, and they are not intended as investment advice.
Over time, America’s most accurate deflation-oriented economist has probably been Lacy Hunt…. Take a look at this long-term CRB commodity index chart. I’ve suggested that “Inflation Wave One” has ended and it appears that Lacy has a similar view.
Join Mike Maloney and Jeff Clark as they examine the latest news for the economy and precious metals markets. Stick around until the end of the video for some amazing data on silver’s purchasing power.
Gold bugs know better than to count on regulators doing the right thing, but fingers are crossed.
Jun 29, 2021 - 12:01:33 PDT
Banks cannot expect the government to bail them out of every crisis and must increase their equity funding to protect against the next "unexpected shock", Minneapolis Federal Reserve President Neel Kashkari wrote in an op-ed for the Financial Times.