Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Lacy Hunt: Despite Current Inflation Fears, Deflation Is Still The Bigger ThreatFeb 9, 2022 - 10:25:42 PST
While today's headlines & higher prices may understandably convince you which trend won out in the great "inflation vs deflation" debate, think again... Highly-respected bond fund manager and former Federal Reserve senior economist Lacy Hunt remains resolute that deflation will prevail as the dominant macroeconomic trend going forward.
There can sometimes be a very high price for engaging in groupthink, or going with the herd. The risk is missing important information because of a factor, perhaps a critical complication, that is outside of the usual groupthink.
The recent explosion in inflation rates caused by runaway debt-funded federal spending and Fed money printing has sparked renewed interest in state legislatures in the role gold and silver play in hedging against systemic risks.
Feb 9, 2022 - 08:46:54 PST
Boomers in retirement or heading into retirement and millennials may have stock market wealth that supports their debt. But what happens if the stock market declines?
Evidence emerging from the first central bank digital currencies (CBDCs) around the world suggests there is no one-size-fits-all model as stability and privacy are designed into systems, the head of the International Monetary Fund has said. In a speech on the report, IMF Managing Director Kristalina Georgieva said the main...
As guardians of stability in prices and financial markets, the last word central bankers want to be associated with is "panic". Yet that is precisely the term used by two top European Central Bank watchers to describe the message communicated by ECB President Christine Lagarde since she opened the door to...
India’s central bank is set to stick with baby steps to policy normalization, as it is seized by the need to anchor borrowing costs for the government in addition to supporting a durable recovery in Asia’s third-largest economy.Those objectives will likely make the benchmark interest-rate a sideshow at this week’s monetary policy...
Today, we look at long-term “monthly” charts for Gold, Silver, and Copper. As you can see, there are similar looking patterns developing for each. Cup with handle for Gold and Silver and a strong base cup for Copper.
The US dollar eased lower again and gold is taking a stab at getting interesting again as its rally this week, including a further boost yesterday has unfolded despite the headwinds from rising bond yield.
Even after hitting $93 per barrel last week, oil prices have further room to rise in the coming months, with the $100 oil forecast of major investment banks now in sight.
Homebuyer Demand for Mortgages Drops 10%, As Higher Interest Rates Price Some People OutFeb 9, 2022 - 07:34:03 PST
Rising mortgage rates are finally taking a toll on homebuyers, who are already stretched by high home prices. As a result, demand for mortgages fell.
Banks are unlikely to pay depositors more after the Federal Reserve first lifts rates because the lenders don’t need the money.
A letter the tax bureau sent to a key senator says stronger penalties for failure to report cryptocurrency-based income gains might also help deter cyber criminals.
Will Social Security Run Out of Money? Here's What Could Happen if Congress Doesn't ActFeb 9, 2022 - 06:47:47 PST
The Social Security Trustee's 2021 Report forecasted that starting in 2034, retirees will only receive a portion of their benefits.
Central banks globally added a net 14.2 tons of gold to their reserves in December, according to the latest data from the World Gold Council. Central bank gold buying was up 82% year-on-year.Turkey was the biggest buyer in December, adding 10.1 tons of gold to its reserves. That boosted the country's total gold holdings to 10.1 tons. Turkey was a big seller in the third quarter of last year, but appears to be replenishing its reserves.
American consumers ran up more debt in December, wrapping up a year in which consumer debt increase at the fastest pace in five years.This could prove problematic for the Federal Reserve as it contemplates raising interest rates.
Global inflation is now spiraling out of control with consumer prices soaring at their fastest annual pace in 40 years. Data released last month showed that U.S Inflation is now running at its highest in a generation with Consumer Prices rocketing by a whopping 7% in December from a year ago.
According to Wall Street, the actual global inflation figures are likely much higher than being reported with economists convinced the real numbers are now in the double digits.
The Fed Should Manage the Yield Curve To Put Out the Inflationary Fire: MWFeb 9, 2022 - 05:35:03 PST
The Fed needs to get more aggressive about fighting inflation, including quickly reducing the balance sheet and rapidly raising interest rates.
Eleven months into Brazil’s breakneck cycle of interest-rate hikes, the economic damage is piling up.,
Even after a correction in tech stocks and surging yields on U.S. government bonds, investors still don’t understand the risks they’re taking in equity and debt markets, according to Mark Spitznagel, manager of the best-known fund protecting against so-called black swan events.