Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Charles Evans, president and chief executive officer of the Chicago Fed wants to run the economy hot.
...but members of Congress (or their spouse or cat or rabbit) can trade anything they want, as much as they want, whenever they want.
More Senior Bankers Implicated In Leaks About Federal "Block Trading" ProbeFeb 18, 2022 - 12:08:35 PST
Following reports earlier this week that several big-name short sellers had their offices raided by federal agents as part of an SEC/DoJ investigation into "spoofing,""scalping" and illegal short-selling, more senior bankers are being outed as targets in the other ongoing SEC/DoJ probe targeting big name banks...
War is government at its worst. When it comes to severe destruction and loss of life, nothing tops government wars. When governments can counterfeit money, wars are exponentially worse than they would be if money were sound. Sound money (like gold and silver) act as a restraint. They cannot be counterfeited...
Behind the battle to convince everyone that price inflation is not a lasting problem is the necessity to keep interest rates and bond yields suppressed. In the past, the interest rate cycle was entirely due to the expansion and contraction of commercial bank credit. But that was before central banks built up bond portfolios through quantitative easing.
Feb 18, 2022 - 08:51:23 PST
It's not really much of a theory. But, hey, they're not really "economists".
A Biden White House struggling to find any sort of political momentum is facing a stern challenge in trying to shift the sour mood of a public fatigued by the two-year pandemic, annoyed with rising prices and uncertain over conflicts abroad.
Feb 18, 2022 - 08:37:57 PST
“The overall monthly child poverty rate rose sharply between December 2021 and January 2022,” the study found.
Large, sustained outages have occurred with increasing frequency in the U.S. over the past two decades, according to a Wall Street Journal review of federal data. In 2000, there were fewer than two dozen major disruptions, the data shows. In 2020, the number surpassed 180.
Feb 18, 2022 - 08:21:19 PST
The United States and its Western allies are bracing for the possibility that a Russian invasion of Ukraine would have a ripple effect in cyberspace, even if Western entities are not initially the intended target.
Stocks To Fall Session Lows on Russian Media Reports Large Explosion Near Govt Building in DonetskFeb 18, 2022 - 08:13:08 PST
Futures have taken the elevator to session lows after Russia's RIA reports a large explosion occurred near the separatists' government building in the center of Donetsk.
You have a choice. Do you take an Olympic gold medal? Or the Lombardi Trophy?Don't make a hasty decision that you might regret.
Who Bought the $6.5 Trillion in Treasuries Piled on the Incredibly Spiking US Debt in 22 Months?Feb 18, 2022 - 08:02:31 PST
The question is particularly hot because Treasuries are now ugly instruments with the worst punishment yields ever.
Elizabeth Warren's bizarre theories about corporate greed driving inflation have made their way into federal law enforcement, it seems.
Expectations about corporate earnings growth are quickly diminishing, JPMorgan Chase & Co. quant strategists said, warning that the gloom could spell more trouble for global stock markets after an underwhelming start to the year.
All the major global central banks have an unhealthy fixation on the narrowest of data points. They all set policy according to the lodestar of inflation being at 2% in the medium term. That has always been bizarre since the world doesn’t work to such order. They can’t calculate it properly anyway — as the current rampant inflation spike shows.
NAR Warns Rising Mortgage Rates "Problematic" US Existing Home Sales Unexpectedly Soar In JanFeb 18, 2022 - 07:17:44 PST
After December's unexpected tumble, analysts expected existing home sales to continue to slow (-1.3% MoM) in January as mortgage rates rose, omicron hit, and homebuilder sentiment began to slow (catching down to homebuyer's record low confidence). However, despite the soaring rates and slumping confidence,...
Feb 18, 2022 - 07:10:53 PST
Wu-Xia employs an approximation that makes a nonlinear term structure model extremely tractable for analysis of an economy operating near the zero lower bound for interest rates. It can be used to summarize the macroeconomic effects of unconventional monetary policy (ZIRP + QE). The Shadow Rate is now -0.1974%.
There was more bad inflation news this week. So, the Fed is about to ramp up the inflation fight, right? Not so fast. In this episode of the Friday Gold Wrap, host Mike Maharrey argues that the central bank isn't set to go to war with inflation because it can't. And he explains how St. Louis Fed President James Bullard let the cat out of the bag.
(Bloomberg) -- Almost exactly a year after China’s property-market debt squeeze sparked the first in a wave of defaults by developers, the industry is fighting for survival.