Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Aug 29, 2022 - 11:42:42 PDT
The surging greenback is wreaking havoc on economies in Asia and Europe, and the pain is spreading.
3.8 Million Renters Will Likely Be Evicted in the Next Two Months, the Rental Crisis Getting WorseAug 29, 2022 - 11:35:53 PDT
Renters are hurting across the country. And it's about to get even harder.
World stocks slumped on Monday as the growing risk of more aggressive U.S. and European interest rate hikes inflicted more pain on bond markets and pushed the dollar to new 20-year highs, as recession fears mount. Yields also jumped across Europe. Federal Reserve Chair Jerome Powell said at the Jackson Hole symposium on Friday the Fed would raise rates as high...
Moscow is raking in more revenue than ever with the help of new buyers, new traders and the world’s seemingly insatiable demand for crude. “Nobody’s brave enough to embargo 7.5 million barrels a day of Russian oil and oil products.”
Given Xi’s economic mismanagement, combined with his loyalty to Putin,China’s future looks not only dim but potentially disastrous.
First Afghanistan imploded and now it appears Iraq and Libya are about to follow suit. Syria simmers. The fruits of US interventionism are everywhere the same: chaos and death, not the promised "triumph of peace and democracy."
"Very Worried" Liz Warren Slams Powell, Says Rate-Hikes Will Push "Millions Of People Out Of Work"Aug 29, 2022 - 11:05:56 PDT
As for Powell sparking a recession, nothing there that we haven't already covered and as we discussed previously - all those claiming there will be no Fed pivot, let's readdress after the BLS reveals that the US has lost a few hundred thousand jobs in one month and it becomes the biggest political talking point. Powell will pivot so fast, heads will spin.
Aug 29, 2022 - 10:53:45 PDT
As inflation burns the US middle class and low wage workers, The Federal Reserve reaffirmed at Jackson Hole that they are the NEW Smoky The Bear (only The Fed can fight inflation fire!) But of course, Federal spending and energy policies can drive up prices too. Having said that, the 2-year Treasury yield and 30yr mortgage rate are rising rapidly.
Zoltan’s Latest: “Bretton Woods III Is Destined To Happen. It’s Already Happening”Aug 29, 2022 - 08:59:58 PDT
It seems that Zoltan Pozsar is tasked with telegraphing the Fed’s comprehensive message out to the investing public if they will listen. Then the Fed implements small pieces of it. To the extent this approach is successful, structural volatility is kept to a minimum. To the extent that it is not.. then QE infinity will necessarily follow.
The current path of normalization means that the burden of tightening will be fully paid by families and small businesses while government size continues to expand in the economy, and that means less growth, more taxes and probably more persistent inflation for longer.
"Just as Albert Jay Nock helped to cultivate a new generation of friends of freedom, that is our task in our own time. And together we can make a society of liberty a reality, without always being depressed or despondent about who or how many may be listening." ~ Richard M. Ebeling
"The student loan forgiveness program fails to help the very least well off while providing support for some of the most well off. It may be politically expedient, but it is difficult to justify on standard welfare grounds."
The Federal Reserve’s overnight repo facility where banks park their money is seemingly becoming permanent. As inflation has soared near the highest in 40 years, banks are increasingly parking their money at The Federal Reserve.
Aug 29, 2022 - 08:37:14 PDT
It is amazing that Biden is rising in the polls, simply because he got several inflation-generating, crony pay-off bills passed through a Democrat-controlled Congress. Even more amazing is that Ame…
Boise, Idaho; Charlotte, North Carolina and Austin, Texas are the three most overvalued places in the U.S. for property prices, according to Moody's. They expect prices to plummet.
he European Union is planning urgent action to try to dampen soaring power prices and is putting together proposals to reform the electricity market, according to Commission President Ursula von der Leyen.Most Read from BloombergPowell Heaps Pressure on Risk Sentiment as More Catalysts Loom‘Inflation Fever’ Is Finally Breaking — But Central Banks Won’t Stop Hiking...
Amid a full-on crisis energy, Europe is taking more steps to cut consumption.
The rally that has bolstered risk assets over the past month was just a blip in a bear market that is likely to worsen from here.
Aug 29, 2022 - 05:53:10 PDT
Boston University Professor of Economics, Laurence Kotlikoff advocates portfolio diversification, in particular gold and silver! Amid supply chain disruptions and increased geopolitical challenges..
Ray Dalio’s Bridgewater Just Predicted Another 20% to 25% Drop for the MarketsAug 29, 2022 - 05:49:01 PDT
The Fed’s aggressive rate hikes have cast a giant shadow over the stock market. Among the experts who are sounding the alarm is Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates.