Precious metals news

Even as the nation rebounds from the coronavirus pandemic, more than 2 million homeowners are behind on their mortgages and risk being forced out of their homes in a matter of weeks, a new Harvard University housing report warns.

Schäuble invokes the ghost of John Maynard Keynes to support his argument. Yet if Europe really wants to follow Keynes’ advice, enshrined in which is a call for governments to up spending in times of economic hardship, it should revise its fiscal policy framework in a more symmetric way. The Growth and Stability Pact aims at avoiding excessive budget deficits and high debt to GDP ratios. It should be tweaked to also discourage excessive fiscal restriction that may result from inflexible national debt breaks too. Otherwise, the eurozone might fall back on the same disappointing outcomes which prevailed before the pandemic.

Let's compare actions by the Bank of China to the Fed.

China is resorting to increasingly forceful measures to contain risks to the financial system, in moves that threaten to undermine President Xi Jinping’s pledge to give markets greater freedom. authorities have in recent weeks ordered state firms to curb their overseas commodities exposure, forced domestic banks to hold more foreign currencies...

In this article, we explore the consumer's plight and whether letting inflation run "hot" is a wise and humane way to keep the economic recovery rolling.

The Bloomberg Commodity Index is up 20% this year and on pace for its best year since 2003. This surge has not only fanned inflation fears, but it has created a bullish breakout in the long-term Bl…

While it received far less attention that the Fed's dot plot, the only thing that the Fed actually did change yesterday were its administered rates, as it raised the rate on its overnight Reverse Repo facility from 0% to 0.05% and the rate on excess reserves (IOER) from 0.10% to 0.15%.

I’m wondering if the entire Kabuki Theatre production is being staged to torpedo the price of gold derivatives and thereby help the bullion banks cover a large portion of their unallocated gold liabilities (gold derivatives) ahead of the implementation of the Net Stability Funding Ratio provision of Basel 3.

There's one group of borrowers that can count themselves as 'lucky' during periods of inflation.

The Dow Jones Industrial Average fell for a second day as investors digested the Federal Reserve’s latest policy update, where it moved up its timeline for interest rate hikes and forecast higher inflation.

After spiking dramatically on the "hawkish" FOMC statement, the long-end of the yield curve has utterly collapsed this morning with 30Y Yields down 10bps from its highs...

The Federal Reserve raised expectations for inflation, which brought forward the time frame on when it may raise interest rates. Jim Grant, founder and editor of Grant's Interest Rate Observer, joined "Squawk Box" on Thursday to discuss.

“We’re in a bog of uncertainty, and intense volatility, as it pertains to all the data,” he said. “To be drawing hard-core assumptions on the future, based on what we’re seeing right now, I think is a dangerous proposition.”

Portions of the yield curve flattened significantly today, strengthening a move that was already in place.

Are we about to see the return of crushing inflation like we suffered through in the 1970s? Because the prices of the essentials we need to live -- food, fuel, housing...pretty much EVERYTHING -- have suddenly exploded higher this year.

And when bubbles burst, expect another painful round of asset deflation, likely accompanied by the price deflation they fear.

The Federal Reserve has been bleating that inflation is "transitory"--but what about the real world that we live in, as opposed to the abstract funhouse of rigged statistics? Here's a simple test to help you decide if inflation is "transitory" in the real world.

In another sign of rapidly accelerating price inflation, import-export prices rose much faster than expected in May.
Import prices were up 1.1% month-on-month in May, and the Labor Department revised April's increase from 0.7% to 0.8%. Projections for May were for a 0.7% increase. The actual number was higher than the high end of estimates.

We all hope for the best, of course. But if you think we have logistical and inflation problems now, you really don’t want to contemplate those fat tail risks. The Fed certainly isn’t.

Some potential good news, the total number of Americans on the dole dropped below 15 million...