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‘The Beginning of a Long Road’: Global Tax Reform Will Take Sweat and Tears to ImplementJun 7, 2021 - 05:10:40 PDT
G-7 finance ministers might be congratulating themselves on their deal to agree a 15% minimum global corporate tax rate, but it's already facing criticism.
The world's biggest tech companies are facing a corporate tax avoidance crackdown after the Group of Seven most developed economies agreed a historic deal.
In 15 states, including Arkansas, the Carolinas, Georgia and Louisiana, about half of adults or fewer have received a vaccine dose.
The Fed claims inflation isn't a concern. The central bankers don't want us to worry about it. In fact, they would just as soon keep the whole inflation issue a secret. But Americans are worried. As Peter Schiff noted in a recent podcast, searches for the word “inflation” hit an all-time high on Google trends in May.In fact, inflation is the worst-kept secret out there.
Gold and silver whipsawed to end last week. Gold fell over $30 on Thursday when weekly jobless claims and the ADP private payroll numbers came in better than expected. But the yellow metal gained back much of the loss on Friday after a less than overwhelming Labor Department May jobs report. In his podcast, Peter breaks down the job numbers and comes to the conclusion that the economy is far weaker than anybody is admitting. Meanwhile, the Fed is still printing money. This is a double-whammy on the economy and a lot of people still don't get it.
Step aside gold... institutional investors are now moving into the iShares SLV ETF over the GLD ETF in a BIG WAY. How Big? Really Big. Not only are institutions buying up the iShares SLV ETF, they are also moving into the Sprott PSLV at the highest rate in years. It seems as if the Institutional investor...
In our Monthly Wrap Up, the tactical trader and I discuss the importance of understanding the difference between the short-mid term cycles and the long-term fundamentals. We also explain why we believe the market is heading more towards a disinflation or deflationary cycle, rather than the massive inflation...
Bank for International Settlements Cave to Russia’s Gold-Buying Pressure: Andrew MaguireJun 4, 2021 - 13:00:33 PDT
This week, Andrew Maguire reveals that Russia is joining China in building huge, undisclosed physical gold reserves. The precious metals expert explains the resulting pressure piled on the BIS and the significant threat posed to dollar hegemony.
Gold markets initially fell during the trading session on Friday to reach down towards the crucial $1850 level but have seen the market turn right back around to show signs of strength.
How many retired workers are getting less than $1,000 per month in Social Security benefits?
Companies complain about the lack of skilled workers. What's going on?
Although prominent cryptocurrency advocates are politically connected and have democratized their base, regulators simply cannot sit on their hands forever. Malicious ransomware attacks targeting growing numbers of firms and individuals could prove to be the tipping point.
CEOs Need to Prepare Now for Exponential Increase in Ransomware Attacks, Top DOJ Official SaysJun 4, 2021 - 11:45:52 PDT
Deputy Attorney General Lisa Monaco warned that business leaders need to do more to prepare for an onslaught of ransomware attacks.
After today’s mixed US payrolls report, today’s Chart of the Day from DB's Jim Reid shows we are still 7.6 million jobs away from where we were when the pandemic hit.
The $trillions in recent stimulus have resulted in a rapidly weakening US dollar and fast-rising inflation. Exacerbating things, the Federal Reserve and the current Administration claim they’re committed to pumping out further trillions for “as long as it takes”.
Study Finds Biden’s $2+ Trillion ‘Jobs Plan’ Would Actually Reduce Overall EmploymentJun 4, 2021 - 11:12:47 PDT
Remember, the spending plan also includes trillions in corporate tax hikes. When we consider all the private-sector jobs that will never come into being due to the increased corporate taxes, there’s no reason to believe that the president’s “once-in-a-generation investment” will have any positive return at all.
Jerome Powell might be done as a useful Federal Reserve Chairman. Not that Fed Chairs provide a use that’s of any real value. They mainly excel at destroying the wealth of wage earners and savers for the benefit of member banks.
$SPX vs regression to trend. Highest extension by far exceeding the years 2000 and 1929, now at 169%.
Spot Commodity Prices Have Rebounded Faster Than Any Past Global Recovery Since 1960Jun 4, 2021 - 10:50:49 PDT
pot commodity prices have rebounded faster than any past global recovery since 1960. Similar rallies have seen continued gains after a period of respite over the next few months. Again, unusual circumstances, so history may not be the best guide, we'll see!
In speech after speech every committee member declares that the sharp pick-up in U.S. inflation is temporary and that it’s just fine to have a bit of an overshoot to make up for undershooting the target before. That they’re all so consistently dovish doesn’t necessarily make them wrong. But their reasoning is poor, and dangerous.