Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Aug 17, 2022 - 13:06:17 PDT
It came as no surprise to me that in today’s information-saturated world the jubilee of one of the most important economic events of the last hundred years had passed almost unnoticed last year. Moreover, this was the jubilee in its original, biblical meaning when once in 50 years the sold and mortgaged lands were returned to their original owners, slaves and prisoners of war were freed, debts were forgiven, and the land rested from field work.
Wall Street Analysts Are Betting on Another Red-Hot Commodity Rally Before Year-EndAug 17, 2022 - 12:57:35 PDT
Commodities have broadly pulled back from their recent peaks, but Wall Street analysts say the fundamentals are pointing to another rally by year-end.
"Americans consume goods and services, not the CPI. A look within the June to July 2022 price index exposes 0% inflation as a meaningless statistical aberration. Celebrating it as an achievement is pitiful."
Next month, join Lacy Hunt, Lyn Alden, Matt Taibbi, Grant Williams, Stephanie Pomboy, Brent Johnson, Nick Gerli, Doomberg, Rick Rule, Mike Maloney, Jeff Clark, Lance Roberts and the team from New Harbor Financial at Wealthion's online Fall Conference.
Not a bad primer video from CNBC on the Fed’s policy mistakes, which we all are now, literally, paying for.
The IRS disproportionately targets low-income Americans when it conducts tax audits each year. In fact, households with less than $25,000 in earnings are five times as likely to be audited by the agency than everyone else, according to a recent analysis of tax data from fiscal year 2021 by the Transactional Records Access Clearinghouse (TRAC) at Syracuse University.
Earnings From Walmart and Target Serve As “Great Indicators” of the Health of the U.S. EconomyAug 17, 2022 - 12:10:36 PDT
US in ‘hangover’ stage as ‘reopening euphoria is ending’: Former Toys 'R' Us CEO.
Cutting back on meat. Choosing cheaper supermarket brands. Stockpiling soap. Soaring prices force more sacrifices.
Liquidity drives market returns, and given the pace Fed is removing liquidity, S&P 3500 should be expected by year-end.
What if the "E" in the P/E Ratio is overinflated?
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2022 is 1.6 percent on August 17, down from 1.8 percent on August 16. After this morning's retail sales report from the US Census Bureau, the nowcast of third-quarter real personal consumption expenditures growth decreased from 2.7 percent to 2.4 percent.
Aug 17, 2022 - 11:49:07 PDT
But as the WIRP implied O/N rate settled (pink box), the NAREIT index began to climb again. It is clear that REITs, like other equities, benefit from Fed easing. But how long will The Fed continue tightening?
Aug 17, 2022 - 11:46:16 PDT
Mortgage banking in today’s environment reminds me of downhill skiing. Lots of danger lurking ahead. Mortgage applications decreased 2.3 percent from one week earlier, according to data from …
FOMC Minutes: Anticipation For "Ongoing Rate Increases", But Risk Fed Could Tighten More Than NecessaryAug 17, 2022 - 11:26:41 PDT
As we wrote in our preview to the Minutes from the July FOMC, expectations were wide ranging: on one hand the minutes were expected to detail the Fed's dovish breakaway from forward guidance (as the Fed, like the BOE, finally admitted it has no clue what will happen next week let alone net year). On the other, the market is looking for clues on the rate path and the terminal rate... or in other words, forward guidance.
Aug 17, 2022 - 08:41:05 PDT
The U.S. Indo-Pacific commander has warned that China’s growing nuclear arsenal poses a threat to the region’s stability.
Beijing's participation in the joint exercises was “unrelated to the current international and regional situation,” the country's defense ministry said in a statement.
Aug 17, 2022 - 08:25:26 PDT
The Democrats’ Inflation Reduction Act (IRA) will see Americans forking out more for electricity and gasoline, experts have warned.
Joe Biden's Inflation Reduction Act "Secretly" Brought To You By Bill GatesAug 17, 2022 - 08:23:12 PDT
The Democrats' "Inflation Reduction Act" - which according to the Congressional Budget Office will raise taxes on the middle class to the tune of $20 billion - not to mention unleash an army of IRS agents on working class Americans over the next decade, was made possible by Bill Gates and (in smaller part) Larry Summers, who have been known to hang out together.
Aug 17, 2022 - 07:53:07 PDT
The Justice Department’s credibility was dealt an irreparable blow during the Obama administration for its hands off attitude toward prosecuting crimes by Wall Street titans. The crisis of confidence deepened further during the Trump circus at the Department of Justice. Below are some of the moments that stand out in our memory as to when we, personally, lost trust in the Justice Department.
A new international standard for the precious metals market, the Moscow World Standard (MWS), should be created to become an alternative to the standard of the London Bullion Market Association (LBMA), the Russian Finance Ministry said.