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The Federal Reserve’s plan to begin unwinding its unprecedented backstop of corporate debt is rekindling an idea that many have warned about: that investors are now convinced that the central bank will bail them out again if needed. From Neuberger Berman to Invest Ltd., investors say that the Fed’s intervention at the depths of the Covid-19 pandemic...
Nearly half of U.S. small business owners reported unfilled job openings in May, marking the fourth consecutive month of record-high readings as finding qualified applicants remains a lingering challenge, a trade group said on Thursday.
U.S. government debt prices were mixed on Friday morning ahead of a new jobs report later in the session.
Powell Says Climate Change Is Not a Main Factor in the Fed’s Policy DecisionsJun 4, 2021 - 05:14:54 PDT
The head of the U.S. central bank said taking on issues related to global warming is more for the government than it is for his institution.
May Jobs Data Expected to Be Strong, and Could Add to Fed Debate on Tapering Bond BuyingJun 4, 2021 - 05:13:58 PDT
Job growth in May is expected to be more than double the pace of April, with hiring picking up broadly across the economy.
Jun 3, 2021 - 13:12:26 PDT
The U.S. Mint today issued to its customers what it called a "clarification" regarding its May 28 statement --citing a "global silver shortage" as the cause of the mint's suspending orders for new silver coins.But today's statement was more like an obfuscation than a clarification.
nvestors are shifting their focus to inflation from potential tapering risks, Suki Cooper, a precious metals analyst at Standard Chartered Bank, said in a Bloomberg TV interview on Thursday. The Fed’s view of inflation as transitory has helped lift gold prices higher, she added. BlackRock Inc. Chief Executive Officer Larry Fink also said the potential for a spike in inflation may be underestimated.
“It’s inflate or die. And if anyone gets in the way of inflation…the “active shooters”...start gunning for them...."
[This article is part of the Understanding Money Mechanics series, by Robert P. Murphy. The series will be published as a book in 2021.] In chapter 7 we summarized some of the major changes in how central banks have operated since the 2008 financial crisis.
Biden Wants GOP to Back More Spending, Minimum Corporate Tax Rate for Infrastructure PlanJun 3, 2021 - 12:21:50 PDT
Biden seeks at least $1 trillion in new infrastructure spending as he prepares to meet again with GOP Sen. Shelley Moore Capito.
One Bizarre Detail From Biden’s $6+ Trillion Budget Proposal Was Just Exposed | Brad PolumboJun 3, 2021 - 11:59:04 PDT
Last week, President Biden released a $6+ trillion budget proposal that would take the US to unprecedented levels of government spending and taxation. New scrutiny of the fine print has revealed a bizarre detail that totally undercuts its merits.
Jun 3, 2021 - 11:22:04 PDT
A bill in Congress would require the Treasury and Federal Reserve to develop a digital dollar as a rivalry with China's digital currency heats up.
Global food prices extended their rally to the highest in almost a decade, heightening concerns over bulging grocery bills as economies struggle to exit the Covid-19 crisis.A United Nations gauge of world food costs climbed for a 12th straight month in May, its longest stretch in a decade. The continued advance risks accelerating broader inflation...
The inflation Cassandras may finally be having their revenge. Like everybody else in the world dealing with shortages of chickens, lumber and chlorine, China has its own supply problems and rising prices, writes Dan Moss. Just like everyone else, it hopes these are temporary. But its economy has developed enough in recent decades...
"Powell is telegraphing to the market that he hears their concerns about inflation. We will have to wait through the next several months to learn whether or not investors will be convinced."
Does Mike Maloney buy any other precious metals besides gold and silver? The answer may surprise you…See Mike, Jeff and Adam live June 5th at the upcoming Wealthion Conference!. Sign up today.
"Much like his role model’s chief literary achievement, all is not well in this otherwise highly enjoyable book. Bernstein often resorts to simplified and unproved evolutionary just-so stories to account for the lunacy he colorfully describes." ~ Joakim Book
The European Commission announced plans on Thursday for a digital identity wallet to allow Europeans to access public and private services via their mobile phone as the COVID-19 pandemic underscored the need for user-friendly online services.
The Federal Reserve Bank (the Fed) and the Biden administration are systematically undermining the stability of the American economy with a variety of unwise and destructive policies. The Fed and the administration defend these policies by denying obvious economic truths, which include their own inflation data. Treasury Secretary Janet Yellen...
Banks have too much cash on their hands - and they're running out of places to put it.