Precious metals are apparently waking up. And here is where you can find the best deals.
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Are Americans finally figuring it out as they’re paying down their credit cards by record amounts? So far, $25 billion a year in lost interest income for the banks!
Mexico and Brazil, having seen the economic destruction that high inflation can wreak, don’t want to see it again.
Fed: Kaplan Talks Tapering, Inflation, Risk Management, Excesses in Financial & Housing MarketsMay 17, 2021 - 08:44:51 PDT
“While you don’t want to be too preemptive” in tapering, “you don’t want to be so reactive as to being late.”
May 17, 2021 - 08:37:08 PDT
The central bank may no longer be free to tighten policy if needed, they argue.
A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously trying to stock up. Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive the breakneck speed at which demand...
Millionaires Who Favor Raising Taxes on the Rich Launch Protests in Front of Jeff Bezos' HomeMay 17, 2021 - 07:55:24 PDT
The move to blast Bezos in front of his home comes as President Biden and Democratic lawmakers are looking to to raise taxes on corporations and those making over $400,000 in order to pay for $2 trillion infrastructure proposal.
The World Economic Forum said Monday that it has canceled a summer version of its annual meetings that was due to take place in Singapore.
May 17, 2021 - 06:11:57 PDT
Gold edged higher, touching a three-month high, as weaker bond yields added to the metal’s allure amid signs bullion investors are turning more positive.Hedge fund managers increased their net-long gold position to the highest in three months, data showed Friday. Meanwhile, data compiled by Bloomberg show exchange-traded fund investors have...
39 Million Households Including Most U.S. Children To Get Up To $3,600 Stimulus In Monthly PaymentsMay 17, 2021 - 06:10:41 PDT
In the latest evolution of creeping Universal Basic Income, Biden administration officials said on Monday that a poverty-fighting measure included in the COVID-19 relief bill passed this year will deliver monthly payments to households including 88% of children in the United States, starting in July. The Democratic-backed American Rescue Plan, signed into law by President Joe Biden in March as a response to the coronavirus pandemic, expanded a tax credit available to most parents.
Central bankers who handle overseas foreign money reserves have been turning to new — and riskier — investments to compensate for the worldwide collapse in bond yields ushered in by the pandemic, in response to a brand new survey.
Elon Musk continued to whipsaw the price of Bitcoin, briefly sending it to the lowest since February after implying in a Twitter exchange Sunday that Tesla Inc. may sell or has sold its cryptocurrency holdings. Bitcoin slid below $45,000 for the first time in almost three months after the billionaire owner of the electric-car maker seemed to agree with a Twitter...
The U.S. is about to sell 10-year inflation-linked debt next week, keeping the spotlight on a corner of the bond market that’s rarely garnered this much attention in the almost quarter-century since its debut.
China’s central bank injected medium-term cash into the financial system, in an effort to keep borrowing costs stable as China’s economy continues its recovery from the virus pandemic.The People’s Bank of China added 100 billion yuan ($15.5 billion) of one-year funds with its medium-term lending facility on Monday, matching the amount coming due...
The Fed should hold steady on interest rates even if inflation temporarily jumps above 5%.
May 17, 2021 - 05:41:14 PDT
Federal Reserve and Biden administration officials say economic inequality is bad and they aim their policies in part at helping to reduce it. In the short run, at least, those policies might be widening inequality, not shrinking it.
Bond markets are famous for pushing their agenda, and in east Europe right now, they’re pushing for rate increases, never mind what central banks have to say on the matter.Yields on bonds of Hungary and Poland are rising faster than anywhere else in Europe.
The economy is booming again - or so we're told. Trillions in stimulus have juiced consumption and created the illusion of prosperity. But in truth, Americans are simply spending printed money on stuff they didn't produce. Peter Schiff recently said America's consumption economy is really a bubbleThe problem is, economies can’t run on consumption. A vibrant, healthy economy needs production. Stimulus does nothing to boost production. In fact, it completely warps the production structure
Consumer Price Index (CPI) data for April came in much hotter than expected. Year-on-year, inflation is up 4.2%. The big number even prompted Federal Reserve Vice Chairman Richard Clarida to say, “We were surprised by higher than expected inflation data.”Peter Schiff appeared on Tucker Carlson's show to talk about the consequences of more printed money chasing fewer goods. Peter said inflation is going to hit the middle class harder than the pandemic.
Job Fears, Price Spikes Mean Heartburn for Biden White House as Economy Revs UpMay 17, 2021 - 05:37:15 PDT
High unemployment. Rising prices. Gas lines.
President Joe Biden’s top advisers detect a growing political challenge from the spike in inflation, even as they see little immediate peril to the economy from price increases that officials expect will last through the rest of the year. Senior administration aides contend the current jump in prices is being caused by a surge in demand for specific items...