Gold has all the potential to go unprecedentedly high. But silver will be gold on
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On April 21 Josh Bivens posted a titillating analysis on the Working Economics Blog. Bivens has a Ph.D. in Economics from the New School for Social Research and is the Director of Research at the Economic Policy Institute. The blog post was titled: “Corporate profits have contributed disproportionately to inflation. How should policymakers respond?”
It Didn't Begin with FDR: Currency Devaluation in the Second Roman EmpireNov 7, 2022 - 10:14:44 PST
Since the reordering of Augustus, during the first two centuries of the empire, the Roman state manipulated the intrinsic value of the denarius argenteus, the main axis of the imperial monetary system, from the theoretical 3.892 grams and between 97.0 and 98.0 percent silver to 3.22 grams and 56.5 percent silver at the end of the second century AD.
The end of world dollar hegemony is coming and hardly anyone in government is taking notice or even understands what this means.
Nov 7, 2022 - 10:08:24 PST
Meanwhile, in eight years' time, the world's population will swell to 8.5 billion, 9.7 billion by 2050, and 10.4 billion by 2100.
Essentially, if you are bullish Copper, Silver will move more, and more recklessly. But Copper is not a controlled commodity by US pricing. Silver is. Combined, Silver is a high beta version of Copper this coming cycle.
Indian silver consumption is forecast to surge by around 80% to a record this year, as traders draw down inventories in warehouses from London to Hong Kong after two Covid-riddled years.
America, early fifties. A country besieged by soaring prices, its supply chains snarled by a war thousands of miles away. The US government and Federal Reserve are on a collision course as the central bank seeks to exit war-time support for the bond market, while the White House desperately battles inflation.
Gold prices steadied on Monday near a three-week peak hit in the previous session, buoyed by a weaker dollar, while investors looked forward to U.S. inflation data later this week that could influence the size of Federal Reserve rate-hike.
The White House has reportedly held secretive behind-the-scenes dialogue with the Kremlin related to the war in Ukraine, The Wall Street Journal revealed on Sunday, citing unnamed US and allied officials. National Security Advisor Jake Sullivan spearheaded the secret talks with high-level Russian officials in recent months, reportedly with the aim of reducing the risk of the two nuclear-armed superpowers stumbling into a direct broader conflict.
More than ninety central banks worldwide are increasing interest rates. Bloomberg predicts that by mid-2023, the global policy rate, calculated as the average of major central banks’ reference rates weighted by GDP, will reach 5.5%. Next year, the federal funds rate is projected to reach 5.15 percent.
Raging inflation knocked out the “Fed put,” and banks are no longer on the hook for mortgages; taxpayers and investors are.
Has this Contorted Labor Market Forced Companies to Change their Thinking about Layoffs?Nov 7, 2022 - 07:17:26 PST
Looking at the supply-and-demand imbalances and structural changes in the labor market, and what it means for employers.
Last Friday, Elon Musk cut about half of the company’s work force. That's approximately 3,700 jobs. Many employees did not know until they saw their corporate access blocked. I saw some Tweets in which managers did not even know which of their subordinates were axed.
Alignable reports Record Surge In Rent Delinquency: Up 7% In October, Totaling 37% For U.S. SMBs
Due to ongoing economic challenges, small business owners' ability to pay their full rent on time in October took a major hit based on a new Alignable poll. In fact, the U.S. rent delinquency rate among small businesses jumped 7% in just one month, marking the largest, most rapid increase in 2022.
Nov 7, 2022 - 07:12:56 PST
Here is the US midterm election in one chart. According to Real Clear Politics, the generic Republican polling data FAVORABLE (red line) is at 47.9% while Democrat polling data favorable polling data (yellow line) is at 45.4%, advantage Republicans.
The US midterm elections are Tuesday. I was denied an absentee ballot for some reason, but I will get my disabled body over to the local precinct to cast my ballot. Fortunately for Democrats, the next inflation report is not due out until November 10th. Because the forecast for the next inflation report is ugly.
Nov 7, 2022 - 07:09:15 PST
Ever since the financial crisis of 2008 and the election of President Obama and a Democrat Congressional sweep, the US has embraced Modern Monetary Theory (MMT or borrow, print and spend without consequence). And between the financial crisis and the Covid crisis of 2008, we have seen an increase in US public debt from $10.7 trillion in Q4 2008 to a staggering $30.6 trillion as of Q2 2022. That is a staggering increase of 186% in only 14 years.
Nov 7, 2022 - 07:07:55 PST
There is no doubt that Biden is the Cousin Eddie of politics with his gifts that keep on giving. Like rampant inflation, soaring food, gasoline and diesel prices, and Pelosi/Schumer’s helping hand in creating price controls that will kill potential cures for illnesses.
Governments in developing economies are building up their bullion holdings as trust breaks down.
Storms come in many forms and may consist of many different constituent elements, but when all these elements combine at the same critical moment, we call it a “perfect storm.” When such a storm is transposed analogically to the cultural, political, and economic realms, that is, when it seems to impact the entire social environment, we have no choice but to grasp its significance and prepare for its onset by taking protective measures.