Gold has all the potential to go unprecedentedly high. But silver will be gold on
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During the market runup in 2020-2021, a drunken rant led to the term "HODL" which was adopted by retail investors during the melt-up.
Hackers have stolen $100 million in cryptocurrency from Horizon, a so-called blockchain bridge developed by crypto start-up Harmony.
"I believe that they are going to flip-flop, which is the worst of all three possibilities"
There’s a queasy sense of crisis. Are things all that bad? What does it add up to? Is the country merely traveling over a bad stretch of road? It has happened before, in the second half of the 1960s, for example. Is it too much to say that this moment feels like the 1850s?
This article explains why and how a properly constructed scheme would work. I demonstrate why it could act as a de facto gold standard.
Jun 24, 2022 - 10:54:48 PDT
As costs of home ownership rise, millions of Americans have been pushed out of the housing market, according to Harvard University's annual State of the Nation's Housing Report released Wednesday.
Who Owns Federal Reserve Losses and How Will they Impact Monetary Policy?Jun 24, 2022 - 08:21:39 PDT
Introduction Among Federal Reserve officials and many economists, it is fashionable to argue that any losses the Federal Reserve should suffer, no matter how large, will have no operational consequence. Is this true? If so, how does the Fed account for its losses and stay solvent?
..the interventionist policies of today’s central banks lack a reliable basis in monetary theory, diagnostic errors abound, and the inherent inflationary bias of central banks is still alive. While seemingly benign for some time, price inflation has come back with a vengeance.
Many have read that there is a food crisis looming and there are significant concerns about grain shortages. The main reason for this possible crisis is the Ukraine invasion. However, this is not the full picture.
Back to the Future: Progressives Imagine the Good Old Days of Price ControlsJun 24, 2022 - 08:08:39 PDT
When the Bourbon dynasty was restored to power in France in the early 1800s after Napoleon’s abdication, the French statesman Charles-Maurice de Talleyrand famously said of that family: "They had learned nothing and forgotten nothing." In modern economic parlance, one can say the same thing about pr
A constant and well publicized "fact" is that there is a "housing shortage" resulting in low inventories of available homes for sale and rental vacancies. The solution to this shortage as per the NAR, the POTUS, etc. is to build something like 4 to 7 million more housing units to bring prices down, push inventory up, and balance in the rental market. Only problem with this housing shortage "fact" is that it isn't very factual.
Rapidly rising high inflation rates are causing Americans to feel insecure about dipping into their emergency savings, according to a June 23 survey from Bankrate.com.
Jun 24, 2022 - 07:32:12 PDT
The demand for goods and services in the U.S. economy has suffered in recent weeks, S&P economist Chris Williamson said while raising concerns about the country slipping into recession.
Following the disappointing tumble in existing home sales (to 2 year lows), analysts expect a modest drop in new home sales in May of just 0.2% MoM (after April's 16.6% MoM plunge). Instead, new home sales spiked 10.7% MoM (from an updwardly revised -12% MoM print in April) - despite soaring mortgage rates...
So, good news - inflation fears ease... even if the consumer is the most pissed off in 40 years.survival rate for everyone drops to zero
Jun 24, 2022 - 06:17:39 PDT
Recession is here already. The question is not whether we have a recession, but rather how deep and how long.
Jun 24, 2022 - 06:11:38 PDT
But doubts over the Fed’s ability to fight inflation without a US recession are lending support, and a hard landing for the global economy could revive haven demand. In that sense, gold will be the measure of whether central banks can rein in price pressures without crushing growth. The tried and tested haven asset has been above $1,800 for most of the first half and might end the year there unless there’s another major shock.
Global stock investors may be excited with gains this week but the rally is looking like a run for defensive plays rather than a risk-on roar.
The U.S. dollar slipped on Friday and was heading for its first weekly decline this month as traders dialled down bets on where interest rates may peak and brought forward their views on the timing of rate cuts to counter a possible recession. This has eroded the safe-haven bid that has been boosting the dollar against other major currencies.
Jun 24, 2022 - 05:58:38 PDT
The biggest commercial banks survived in the Federal Reserve’s nightmare hypothetical scenario of an economic collapse. A real-world test is coming. To be sure, if the U.S. goes into recession in the next few months, it probably won’t be so severe that unemployment rises to 10%, as it does in the stress test.