Gold has all the potential to go unprecedentedly high. But silver will be gold on
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The village of Tanohata, Iwate Prefecture, said Wednesday it has received a donation of 120 gold bars worth ¥500 million from a person who requested anonymity.
Four years ago, the UK government recognised Juan Guaidó as Venezuela’s president. He’s now gone, but the Bank of England is still holding some of the country’s key assets.
n our view, inflation is the most mispriced macro variable in markets today. CPI growth is 5.1% higher over the last two years, but five-year forward inflation expectations are essentially unchanged. Based on our analysis, structural forces are likely to keep the annual growth rate in consumer prices elevated for much longer and substantially higher than currently priced into markets. If inflation remains stickier than policymakers are expecting, it has profound implications for the valuation of financial assets.
The U.S. Census Bureau Index of Economic Activity (IDEA) is an aggregation of 15 of the Census Bureau’s primary economic data series that provides a single time series constructed as a weighted average.
As US inflation gradually eases, the claim that today’s inflationary pressures are the result of a temporary supply shock has re-emerged. While this thesis may be comforting, it could also encourage dangerous complacency, making an already serious problem much harder to solve.
Feb 9, 2023 - 12:02:09 PST
Move may trigger strong Russian retaliation, drag NATO into conflict...
Saudi Minister Warns Sanctions, Underinvestment May Cause Energy ShortagesFeb 9, 2023 - 12:00:37 PST
Saudi Energy Minister Prince Abdulaziz bin Salman warned on Saturday that sanctions and underinvestment in the energy sector could result in a shortage of energy supplies.
If It Was the Start of a New Bull Market - Great. But It’s Not: Fred HickeyFeb 9, 2023 - 11:54:24 PST
Excesses haven't been wrung out. We're not even close to the capitulation one should expect at a bottom. I was a tech buyer at 1987, 1990, 2002 & 2008 bottoms - but I wouldn't get near this market with a 10-foot pole
... and second, the Large 25k ES 2/17 4050 put buyer (who according to some unconfirmed twitter reports may be Carl Icahn, although there is zero evidence of this). That said, there has been only a change of 18k OI at that strike for today.
Does Government Create a "Level Playing Field" or Does It Make the Field More Uneven?Feb 9, 2023 - 11:48:49 PST
Bernie Sanders and other politicians have made socialism attractive to voters, especially young ones, because it promises to eliminate the injustices of capitalism.
The Biden administration has increased federal government spending by a record $3.4 trillion since January 2021.
The portion of the budget that politicians control is shrinking. Meanwhile, their appetite for spending is expanding.
I’m going to talk about the difference between bail-ins and bailouts. Then I’ll explain under what conditions a bail-in can occur. Finally, I’ll give you a couple of ways to make sure that never happens to you.
Spread Between 2- & 10-Year Treasury Yields Is on Pace for Its Deepest Inversion Since October 1981Feb 9, 2023 - 08:16:51 PST
MW: The Treasury curve, as measured by the spread between 2- and 10-year yields, headed for its deepest inversion in more than 41 years on Thursday. The spread...
JPMorgan Chase CEO Jamie Dimon cautioned against prematurely declaring victory in the fight against painfully high inflation, warning the Federal Reserve could raise interest rates higher than expected if price pressures prove to be "sticky."
Henry Hazlitt once said, “Inflation, always and everywhere, is primarily caused by an increase in the supply of money and credit.” In fact, inflation is the increase in the supply of money and credit.
It was half the maximum pace. But rising home sales and, lo-and-behold, rising mortgage refis are about to change that.
I expect Biden will heavily pressure the IRS to rule that the free money is not taxable. And if so, this will open the door for other free money handouts for all kinds of reasons.
Feb 9, 2023 - 07:53:13 PST
Everyone seems to have amnesia about Joe Biden’s hatred of Social Security and Medicare. He has tried to cut Social Security, Medicare and Veteran’s benefits as a US Senator. In addition, it was Biden that led the charge to TAX Social Security benefits for seniors. Now Biden has pivoted and is claiming that Republicans are the ones that want to cut Social Security. Wow. Biden simply goes where the political winds blow.
Feb 9, 2023 - 07:51:28 PST
The one statement that Biden made in his State of the Union Address that was factually accurate was that inflation is coming down. Of course, he then blew it by saying he inherited inflation from Trump which was not true. Headline inflation (CPI YoY) was only 1.4% when Biden was sworn-in as President and rose to 9.1% YoY by June 2021 before finally starting to decline.