Precious metals are apparently waking up. And here is where you can find the best deals.
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...house prices soared even as the world suffered its worst slump since the Great Depression. From New Zealand to the United States, Germany, China and Peru, the same phenomenon has taken hold: home prices are skyrocketing, and many buyers are panicking.
Many Democrats and Republicans act like spending isn't an issue. Here's why they're wrong.
May 13, 2021 - 09:01:15 PDT
According to Leuthold Group, the S&P 500 Index is at risk of falling 37% should its multiples to sales and earnings return to their mean levels since 1995, a starting point picked to capture a broad upward shift in valuations.
Bank of Canada Says Qe Can Widen Wealth Inequality, Is Probing Its EffectsMay 13, 2021 - 08:39:57 PDT
The Bank of Canada said on Thursday that some of the monetary policy tools it is using to address the COVID-19 pandemic, such as quantitative easing (QE), could widen wealth inequality and that it was looking closely at the issue.
"The Fed’s operating framework systematically tends towards the abuse of life, liberty, and property. If we want to fix this, we need to take a much closer look at the relationship between money and freedom. Only if we understand this relationship, philosophically, economically, and...
"No Panic": Markets Surge As "Transitory Inflation" Narrative Reasserts ItselfMay 13, 2021 - 08:16:25 PDT
It seems that the "non-transitory" inflation panic that gripped markets yesterday, resulting in the biggest one-day drop in the S&P since February, is gradually transitioning to "transitory" again, and even though today's y/y PPI print of 6.2%, the highest on record, reaffirmed the soaring prices narrative...
Discover what’s driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here.While much of Wall Street is ringing alarms about out-of-control inflation, Federal Reserve Chair Jerome Powell and his colleagues are expressing confidence in a more benign outlook...
As Trillions Flow Out the Door, Stimulus Oversight Faces Challenges: NYTMay 13, 2021 - 08:07:34 PDT
A sprawling system meant to police trillions of dollars is showing signs of strain as watchdogs warn of waste, fraud and abuse.
Getting Serious: Dollar’s Purchasing Power Plunges Most since 2007. It’s a Lot Worse than it AppearsMay 13, 2021 - 08:04:40 PDT
Fed officials, economists “surprised” by surge in CPI inflation, but we’ve seen it for months, including “scary-crazy” inflation in some corners.
Billionaire Investor Barry Sternlicht Says He Has Long-Term Concerns about the U.S. EconomyMay 13, 2021 - 07:47:16 PDT
"We have to get off of this sugar-cane and Fluffernutter economy and get to the meat-and-the-potatoes economy," Barry Sternlicht told CNBC.
I’m not saying nothing else can do the job before inflation fully gets here, just that the kind of inflation I’ve been writing about certainly will do it if nothing else does.
The Dutch pension fund for specialty chemicals firm DSM has made a 5% investment in physical gold because of its diversification benefits, it claimed.
However, these are not normal times. Interest rates go up and gold and silver go up. This period is similar to the 1970s when the US had just come off the gold standard. Interest rates rose to 14% and gold ran up significantly. In 1981, gold hit $850 or $900, while the Dow Jones was at about 900 - a one-to-one spread between stocks and gold.
The US government ran another huge budget deficit in April. The shortfall came in at $225.58 billion, running the total budget deficit through the first seven months of fiscal 2021 to a record $1.9 trillion, according to the Treasury Department's Monthly Treasury Statement.That compares with a $1.5 trillion deficit through the first seven months of fiscal 2020, which included the first round of stimulus checks in April 2020.
It’s time for our annual silver quiz! CPM Group has released their 2020 data, one of the more comprehensive reports in our industry. It gives us an accurate and final picture of what transpired last year, as well as how it sets up 2021 and beyond. This will be fun, and can be a great introduction for investors just coming into this market.
Silver Is up over 70% In a Year. Here’s Why Experts Say It Could Have Further to GoMay 13, 2021 - 05:48:07 PDT
It’s often overlooked in favor of its lustrous cousin gold, but the price of silver has jumped over 70% in the last year, with commodity strategists saying the rally is likely to continue as the global economy reopens.
Thursday's weakness continues a brutal week for dogecoin, the cryptocurrency which started as a joke nearly a decade ago but has risen to prominence this year.
$365 Billion Wiped off Cryptocurrency Market after Tesla Stops Car Purchases with BitcoinMay 13, 2021 - 05:40:30 PDT
Tesla CEO Elon Musk said Tesla would suspend car purchases using bitcoin, wiping off billions of dollars of value from the cryptocurrency market.
Initial Claims Drop To Lowest Since Covid Crisis But 16.9 Million Americans Still Remain "On The DolMay 13, 2021 - 05:38:28 PDT
Last Friday's shockingly bad payrolls report is fading into the memory following a blistering CPI report, a hot PPI and moments ago, another very strong initial jobless claims report according to which adjusted initial claims dropped to just 473,000, a decrease of 34,000 from the previous week's revised level, stronger than the 490K expected...
McDonald's is looking to hire 10,000 workers for those restaurants over the next three months.