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Two bipartisan bills — one each in the House and Senate — aim to build on the Secure Act of 2019 as a way to bolster retirement security.
Biden Seeks New Coalition for Infrastructure Bill As Talks With Key GOP Senators Fall ApartJun 9, 2021 - 05:39:26 PDT
Infrastructure talks between the White House and Republican senators have stalled, so President Joe Biden is looking for a different path to bipartisanship.
Two Things Could Trigger the Next Financial Crisis, Says Veteran Strategist David Roche: CNBC ProJun 9, 2021 - 05:37:10 PDT
Stocks are nearing the end of a bull run and the next major market meltdown may not be far away, said a top investment strategist who predicted the 1997 Asian financial crisis and the 2008 global financial crisis.
Mortgage rates fell slightly last week, but not enough to light a fire under mortgage demand.
‘Confusion and Disorientation’ Driving ‘Crazy’ Moves in the Market, Mark Mobius SaysJun 9, 2021 - 05:32:38 PDT
Market volatility and the next moves by central banks have to be watched "very carefully," veteran investor Mark Mobius has warned.
China Launches Price Controls After Red Hot Inflation, Highest PPI Since Lehman CollapseJun 9, 2021 - 05:26:55 PDT
moments after reporting a red hot PPI which was the highest since Lehman, China effectively launched price controls, with China’s economic planning agency vowing to increase supply of key consumer goods to stabilize prices, according to a statement on NDRC website on a national video meeting Tuesday.
Getting vaccinated for Covid-19 in Hong Kong could mean winning a Tesla or even a pile of gold as as the city's tycoons and their companies look to incentivize the shots and help boost a sluggish inoculation rate.
U.S. silver imports remained strong during the first quarter of the year, with March posting the highest monthly volume. Not only did the United States import the most silver in March, it nearly accounted for one-third of estimated monthly global silver mine production. That turns out to be a great deal of silver...
For some time we've been talking about the inevitable arrival of a particular investor to the gold market. Well, they're here. Who are they? Watch today's update with Mike Maloney and Jeff Clark to find out.
A 1933 US gold coin has been sold at a Sotheby’s auction in New York City for a record $18.9m (£13.4m). With a face value of $20, the Double Eagle was the last gold coin produced for intended circulation in America.
Jun 8, 2021 - 12:59:24 PDT
The weightiest piece of evidence about Basel 3 is the astounding panicked protest issued a month ago by the LBMA and the WGC, a protest directed to the Bank of England's Prudential Regulation Authority, opposing implementation of Basel 3 in the UK.
Janet Yellen, the current U.S. Treasury Secretary, is also the Chair of the Financial Stability Oversight Council, which includes every Wall Street regulator. Before coming to the Treasury Department, Yellen was the Chair of the Federal Reserve and had spent the bulk of her working career at the Fed or the San Francisco Fed.
The Fed is walking a thin tightrope between fighting off financial asset deflation (a stock and bond market crash). To do this it needs to continue printing enormous sums of money.
That the debt is unpayable may be obvious, but the endgame is not obvious at all. The Fed keeps printing, but no default. How come? Is a simple "reset" coming?
"To stabilize the economy, informed citizens must study the faults of discretionary central banking and call for reforms to protect against them. 'Money and the Rule of Law' accomplishes the first goal. The second is up to us." ~ Thomas L. Hogan
Read more about Global debt rises $32 trillion in 2020 amid Covid pandemic: Moody's on Business Standard. The recovery in global economy from Covid pandemic's aftermath will be staggered with the US leading the recovery, Moody's said
The implication is clear: precious metals investors shouldn’t bet on a change in the Fed’s stance any time soon. And as the yellow metal is very sensitive to tapering fears, this is positive news for gold bulls.
Getting the world as a whole out of the pandemic crisis is far from a done deal. Much more still needs to be done on that. Furthermore, the new approach to monetary policy of the world’s most important central bank risks serious overshooting. By responding only to outcomes, it is nigh on certain to react too slowly. It is possible that this will not matter, because expectations remain well anchored, whatever happens. I pray this will be case. The alternative does not bear much thinking about.
In the aftermath of the 2008 subprime crisis, regulators became determined to stamp out the kind of funding stresses that had brought the financial system to its knees. Efforts at shoring up the system included new liquidity requirements that required large banks to hold big buffers of ostensibly safe and liquid assets that could be used to protect against outflows. These portfolios typically fall under the umbrella of High-Quality Liquid Assets, ...
People caught on that the returns on the frenzied hamster wheel of "normal" have been diminishing for decades, but everyone was too busy to notice. They all attributed their burnout, exhaustion and emptiness to specifics within their own lives, but now they've awakened to the reality that burnout, exhaustion and emptiness have always been systemic, i.e. the consequence of the system as the returns for participants diminish with every passing day.