Precious metals are apparently waking up. And here is where you can find the best deals.
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Federal Reserve Vice Chairman Richard Clarida said Monday the process of starting the economy back up again may be an uneven one, in comments that showed no appetite to dial back central bank stimulus yet.
Nearly 1 in 4 American expats have seriously considered or plan to renounce their citizenship. Many say they feel burdened by U.S. tax filing requirements.
April’s 4.2 percent past year increase in the Consumer Price Index is not likely to dissuade the Federal Reserve from continuing its policy of near-zero interest rates. Fed Chairman Jerome Powell believes the rising prices are just a temporary phenomenon caused by the ending of lockdowns releasing pent-up consumer demand.
The euro zone economy declined by 0.6% in the first quarter of 2021, data showed on Tuesday to confirm a technical recession, as gross domestic product contracted in all larger countries except France.
Lenders recovered much less from US companies that failed during the pandemic than in previous economic downturns, a new report revealed, reflecting lax underwriting standards and changes in corporate debt structures. The average recovery rate for bond and loan holders was 45 cents on the dollar, the rating agency Moody’s found, below 59 cent...
Each burst of liquidity provided by the FOMC in response to a major externality creates the conditions for the next financial crisis...
May 18, 2021 - 07:24:49 PDT
President Joe Biden is seeking higher taxes on real estate transactions with gains of more than $500,000, a target aimed directly at the heart of small real estate investors, family farmers & owner-occupied businesses. In combination with his plans to eliminate step-up basis on the resolution of estates, the Biden tax proposal will greatly increase the cost of farmland & thus food prices, property prices & rental costs in some markets.
He backed up his warnings of higher inflation with a slew of bets against Treasury bonds, a portfolio update revealed this week.
“The narrative is clearly shifting towards inflation ... but perhaps more critically, you have got the U.S. dollar weakness, which is probably the key and prime driver,” said independent analyst Ross Norman.
The dollar sank to a six-year trough against the Canadian dollar and teetered near multi-month lows versus other major peer currencies on Tuesday, as Treasury yields stalled amid renewed expectations the United States will not hike interest rates anytime soon.
The big banks may be dismissing the current wave of soaring prices, which as we noted previously has been driven mostly economic reopening categories such as soaring used car prices where a pandemic-induced demand surge has run headfirst into temporary shortages, production bottlenecks, and supply chain disruptions...
Euro zone governments' borrowing costs are at multi-month highs and German 10-year bond yields are rising towards 0 per cent, yet ECB policymakers and investors appear unruffled, a sign that they view the bloc's ongoing economic recovery as the real thing.
May 18, 2021 - 05:33:14 PDT
During Wednesday's Senate hearing on Waste, Fraud, and Abuse in the Federal Government, Sen. Rand Paul (R-KY) questions Gene Dodaro, Comptroller General of the United States and head of the U.S. Government Accountability Office.
May 18, 2021 - 05:30:39 PDT
Container rates are in uncharted territory. If demand continues to outpace supply, there’s little to stop them from ascending further.
Goldman Warns Of "Substantial" Surge In Home Prices, Expects Bigger Housing Bubble Than 2007May 18, 2021 - 05:27:50 PDT
One week ago, we said that in what is increasingly a stagflationary burst (or, as BofA put it "transitory hyperinflation") right out of the 1970s playbook (and that was even before the latest blistering hot CPI and PPI numbers printed a few days ago)...
Just 20 Companies Are Responsible For Over Half of 'Throwaway' Plastic Waste, Study SaysMay 18, 2021 - 05:16:29 PDT
The report warns that plastic production is set to grow by 30% in the next five years, creating even more plastic waste and exacerbating the climate emergency.
The 10-year U.S. Treasury yield topped 1.65% on Tuesday morning, as concerns about rising inflation remain.
The unemployment rate ticked up to 6.1% in April despite businesses all over the country struggling to hire workers. But as Peter Schiff pointed out, you don’t need a job to spend printed money handed out by the government.The Federal Reserve is supposedly stimulating the economy as it prints trillions of dollars out of thin air and the U.S. government hands it out for people to spend. But Ryan McMaken at the Mises Institute argues that it's really doing the exact opposite.
When Peter Schiff appeared on Joe Rogan's show, he made the case that the Federal Reserve and Congress are the real problems facing America. The central bank and the federal government cripple the economy, destroy opportunity, and generally make life more difficult for the average American. But why? Why would people who claim to be "public servants" harm the very people they supposedly represent? Peter explains in this clip from the interview.