Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
Jun 15, 2021 - 11:07:25 PDT
Six different states are already suing over a broad prohibition on tax cuts that was slipped into March's $1.9 trillion COVID relief bill.
A hundred-year-old protectionist law that makes traffic worse and goods more expensive.
Supply-Chain Chaos: Container Rates Skyrocket Even Higher... And There’s No End In SightJun 15, 2021 - 11:05:01 PDT
Another week, another record for container shipping spot rates. And alarmingly for shippers, upward rate momentum is accelerating.
Nobody seems to notice the 'diminishing returns' on Fed manipulation, oops, I mean 'intervention'.
The brick-and-mortar meltdown for mall landlord started years before the Pandemic. For WPG, it started in 2016.
Rents for Single-Family Homes Just Saw the Largest Gains in Nearly 15 YearsJun 15, 2021 - 10:12:40 PDT
With home prices sky-high, demand for single-family rental homes is soaring – and so are the rents.
Senators Face Roadblocks to Passing Bipartisan Infrastructure Plan As Opposition MountsJun 15, 2021 - 10:08:59 PDT
Ten senators are trying to sell their colleagues on a bipartisan infrastructure plan, but they are facing skepticism from some Democrats.
Goldman Sachs Latest Wall Street Giant To Move Traders To Florida After NY Tax HikesJun 15, 2021 - 09:17:11 PDT
While it's not exactly clear when these traders will be leaving, one thing is clear: New York State and its leader, Gov. Andrew Cuomo, are the biggest losers here.
RepRep. Thomas Suozzi (D-N.Y.), a member of the tax-writing House Ways and Means Committee, said that he’s exploring the idea of a one-time tax on the wealth of the richest Americans as Democrats seek to increase taxes on the rich in order to pay for spending priorities.
Bass noted that the Federal Reserve’s easy-money policy has added about 34% more money to the system in the last 14 months, a move that effectively cuts into the consumer's buying power. "That means people that have money in the bank, in their savings, are losing, call it 5% to 12% of their purchasing power now annually," he said.
Michael "Big Short" Burry: This Is The Greatest Bubble Of All Time In All Things "By Two Orders Of Magnitude"Jun 15, 2021 - 08:50:04 PDT
Earlier this year, none other than Michael ‘Big Short’ Burry confirmed BofA’s greatest fears, as he picked up on the theme of Weimar Germany and specifically its hyperinflation, as the blueprint for what comes next in a lengthy tweetstorm cribbing generously from Parsson's seminal work, warning that:...
FOMC Preview: "It's Like The Titanic Running At Full Speed. In Fog. At Night" Jun 15, 2021 - 08:47:56 PDT
There's an FOMC meeting this week and we are expecting a policy statement at 2:00 PM on Wednesday. Many commentators are calling this FOMC meeting the “most important” in recent years. Big picture … did the Fed move the goal posts?
Let's investigate the relationship between the Fed's QE program, bank lending, and alleged stockpiling of cash.
Author and Atlantic writer George Packer joins Morning Joe to discuss his new book 'Last Best Hope: America in Crisis and Renewal,' and why he says inequality is at the heart of the country's fracturing.
The famed destination no longer circulates in headlines for its wacky tourist attractions or local eateries. Instead, the beach town has become known worldwide for its flourishing homeless encampments, burgeoning filth, skyrocketing crime rate, and increasingly violent transients.
Homeless children, on the other hand, are very likely to be poor, but they are not included in either the OPM or SPM.[xxxv] It is estimated there are 2.5 million homeless children in the United States
The mainstream media often dismiss a pickup in volatility as simply a corrective process. But bull markets always end slowly, and then all at once.
Gold prices were subdued in a tight range on Tuesday ahead of a U.S. Federal Reserve meeting that could provide an indication on the eventual withdrawal of economic support.
Real estate prices around the world are flashing the kind of bubble warnings that haven’t been seen since the run up to the 2008 financial crisis, according to Bloomberg Economics.New Zealand, Canada and Sweden rank as the world’s frothiest housing markets, based on the key indicators used in the Bloomberg Economics dashboard.
The Federal Reserve is inching toward the start of a long road to normalizing its relationship with the rest of Washington and Wall Street.After spending the past 15 months providing unprecedented help to the federal government and investors via trillions of dollars of bond purchases, it could start preliminary discussions about scaling back that support at a pivotal...