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Here's How We'll Have Labor Shortages and High Unemployment at the Same TimeApr 5, 2023 - 11:23:08 PDT
This is how we'll end up with severe shortages of truly skilled labor and high unemployment of those who lack the necessary skills.
The U.S. dollar languished near two-month lows in early European trade Monday as weak economic data support the idea that the U.S. Federal Reserve may be near the end of its rate-hiking cycle.
By monitoring inflation expectations, the Fed promises to minimize your pain.
Saudi Arabia's recent reconciliations with Iran and Syria under Chinese-Russian guidance is perceived as a step toward reducing Riyadh's dependence on the US, while also advancing Beijing and Moscow's political and economic influence in West Asia.
The Expert Who Pioneered ‘Quantitative Easing’ Has Seen Enough: Central Banks Are Too PowerfulApr 5, 2023 - 08:19:03 PDT
Richard Werner, who coined "quantitative easing" back in 1995, looks back at how central banks got so powerful, and he says we should be concerned.
"The dollar, in some shape or form, will likely be around for a long time. Perhaps very long. But by weaponizing dollar dominance and permitting expanding mandates to disorient US monetary policy, the dollar’s fate as the lingua franca of world commerce over the long haul may already be sealed."...
$900 Silver? This Formula Shows Triple Digit Silver is Baked Into The CakeApr 5, 2023 - 07:15:55 PDT
“I wanted to know what would silver’s price have to be if it went into the same bubble that it was in back in 1980…compared to all these other assets: Real Estate, Stocks, Bonds, the currency supply and so on.” In Mike Maloney’s new book ‘The Great Gold & Silver Rush of the 21st Century’ he makes some important calculations for silver’s future price based on the above scenario. Find out today how these calculations have led Mike to believe that “Triple digit silver is baked into the cake”.
Central bank gold buying momentum showed no signs of stalling in February. Reported global gold reserves rose by 52t during the month – the eleventh consecutive month of net purchases – following January's 74t.
Apr 5, 2023 - 06:58:55 PDT
Washington, DC - As America faces the twin threats of inflation and bank failures, three U.S. congressmen introduced a pivotal sound money bill that would enable the Federal Reserve note “dollar” to regain stable footing for the first time in more than half a century.
Scrape away the complexity and every economic crisis and crash boils down to the precarious asymmetry between collateral and the debt secured by that collateral collapsing.
Gold extended a surge to a 13-month high after US data showed the jobs market loosening more than expected, diminishing bets the Federal Reserve will hike interest rates again.
We may not be able to prevent the crisis, but we can see it coming and prepare accordingly to preserve wealth. Step one is to get gold. That will see you through the storm.
We’re in a turbulent economic environment right now, and the headwinds are piling together, putting up an ominous cloud on the financial horizon. Billionaire Leon Cooperman, the CEO of Omega Advisors, has noted the coming storm, and sees the commercial real estate market as the eye of the developing hurricane. In Cooperman’s view, several factors are about to hit hard...
Morgan Stanley Is Forecasting ‘Worse Than in the Great Financial Crisis’ for Commercial Real EstateApr 5, 2023 - 05:57:37 PDT
Over $1.4 trillion of CRE mortgages have to be refinanced in the next two years, and a huge amount is owed to regional banks, Morgan Stanley says.
Apr 5, 2023 - 05:54:13 PDT
My friend Phill Hall asked me about the state of the US housing market yesterday. My answer? “Chaos.” Why chaos? Here is why: 23 consecutive months of NEGATIVE real wage growth, declining availability of homes for sale, still expensive home prices following the Covid spending surge, and rising mortgage rates as The Fed fights inflation.
Apr 5, 2023 - 05:53:04 PDT
Thanks to Yellen’s catestrophic Too-Low-For-Too-Long (TLFTL) and insane Federal spending, we are seeing the aftermath of The Fed trying to fight inflation. A fire sale of failed bank assets!!
UBS Group AG pulled off one of the biggest bank deals ever in a matter of days. But the groundwork had been laid for years.
Toronto-Dominion Becomes Biggest Bank Short With $3.7 Billion on the LineApr 5, 2023 - 05:47:56 PDT
Turns out, the biggest short in the banking industry anywhere in the world isn’t in Switzerland or Silicon Valley, but rather, in the relatively tame financial center of Canada.
There’s a rally in the US bond market and there’s a rally in the US stock market. Pimco’s Erin Browne wants investors to understand only one of them is likely to continue.
US Treasuries erased losses and rallied as a weaker-than-expected jobs report from ADP Research Institute signaled narrowing room for the Federal Reserve to accelerate monetary tightening.