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U.S. Unemployment Rescue Left at Least 9 Million Without Help: BloombergJun 25, 2021 - 07:17:22 PDT
Red tape, fraud-prevention efforts, and overwhelmed agencies left many Americans without benefits.
Can the type of money used change the culture of a society? This might seem like an absurd proposition, but it is supported by the arguments of proponents of the Austrian school of economics. First, let’s contextualize the importance of sound money as opposed to fiat money.
Yesterday, President Joe Biden announced Republicans and Democrats have come up with a $1.2 trillion infrastructure deal. But where is Uncle Sam going to come up with the money? And what does this tell you about the likely trajectory of Federal Reserve monetary policy? Host Mike Maharrey talks about it in this episode of the Friday Gold Wrap podcast. He also discusses the latest talk, talk, talk coming out of the Fed.
Oops, he did it again. The second there was any concern in markets about tapering or the potential of earlier than expected interest rate hikes as suggested in last week’s Fed dot plot Jay Po…
Yet even that was not good enough. By October of 2020, the Fed became more aggressive, recently pushing its assets beyond the $8.00 trillion mark. Stocks have been ratcheting up alongside the balance sheet highs.
Federal Reserve Balance Sheet Reaches $8.1 Trillion For The First Time - Fed DataJun 25, 2021 - 06:47:19 PDT
Key Inflation Indicator Posts Biggest Year-Over-Year Gain in Nearly Three DecadesJun 25, 2021 - 05:36:49 PDT
A key inflation indicator that the Federal Reserve uses to set policy rose 3.4% in May, the fastest increase since the early 1990s, the Commerce Department reported Friday.
Gold prices held steady on Friday as investors awaited U.S. inflation data due later in the day.
Chinese banks’ stockpile of foreign-currency deposits has surpassed $1 trillion for the first time, creating an opportunity for Beijing to allow greater freedom for capital to flow out of the country.The pool has been growing as surging demand for Chinese goods during the pandemic has beefed up foreign earnings of exporters, while the resilient economy...
Nato’s most senior military officer has highlighted the “shocking” speed of China’s military modernisation and warned of its growing diplomatic presence overseas, as the alliance prepares to take a more assertive stance towards Beijing.
Even as Russia massed over 100,000 troops on Ukraine’s borders in April, Andriy Zagorodnyuk felt sure President Vladimir Putin wouldn’t go to war.The former defense minister in Kyiv, who’d also spent years on projects to modernize Ukraine’s military, reasoned that Putin knew an invasion would be no walk in the park for Russia this time...
Remarks from Defense Minister Nobuo Kishi came a week after China sent 28 warplanes near Taiwan, in the latest ratcheting up of military pressure around the democratically ruled island.
Russia warned Britain on Thursday that it would bomb British naval vessels in the Black Sea if there were any further provocative actions by the British navy off the coast of Russia-annexed Crimea.
In a previous note last month, we said one of the biggest deflationary threats looms over the U.S. economy, that is, birth rates have fallen to their lowest level in a generation. Diving deeper into the baby bust, new Centers for Disease Control and Prevention data shows nine months after the virus pandemic was first declared a national emergency, U.S. births plunged 8% in December, according to Bloomberg.
As Federal Reserve policymakers begin an intense debate over when they should begin to pull back some of the massive support they are delivering to the economy, they are split over what poses the bigger risk: a still-large jobs deficit or a potential inflation shock.
U.S. Government Fails To Collect Over $1 Billion in Debt From Nearly 1,300 CollegesJun 25, 2021 - 05:10:10 PDT
These institutions owe money to the department as of February, according to the National Student Legal Defense Network's report.
The 10-year U.S. Treasury yield edged higher early on Friday, ahead of the release of inflation data later in the morning.
FUNDAMENTALS ALWAYS KICK IN: Two Overvalued Silver Miners Now Experiencing Larger DeclinesJune 25, 2021
As I have stated many times, the fundamentals will always KICK IN. Of course, it may take more time than we anticipate, but we are now seeing the two silver mining stocks that I cautioned about being overvalued compared to the group are seeing larger percentage declines. I believe this same trend...
More Americans are willing to invest in gold compared to Bitcoin over the next ten years (13 percent and 9 percent, respectively), according to a recent survey conducted by New York-based consumer financial services company Bankrate.
New banking rules, part of an sweeping international accord known as Basel III, will come into effect on Monday and mark a big change for European banks and their dealings with gold — potentially altering the landscape for precious metal demand and prices.