Precious metals are apparently waking up. And here is where you can find the best deals.
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Jeremy Grantham once produced the following chart of 40-years of price bubbles in the markets. During the inflation phase, each was readily dismissed under the guise “this time is different.”
May 11, 2021 - 09:45:48 PDT
Bill Ackman told Interactive Investor the Federal Reserve's policy is partly to blame for coming inflation and an 'explosive GDP recovery,' in the US.
The U.S. dollar dropped to a fresh 2-1/2-month low on Tuesday as investors bet that rising inflation could erode the currency's value, ahead of Wednesday's release of closely watched consumer price data.
The median price for a single-family home in the U.S. rose the most on record in the first quarter, as buyers fought over a dearth of inventory, according to the National Association of Realtors.Prices jumped 16.2% from a year earlier to a record high of $319,200. The growth eclipsed the 14.8% rate in the fourth quarter, which was the highest in data...
California Governor Gavin Newsom said he plans to use a massive tax-collection windfall to help finance a $100 billion economic recovery package, with the centerpiece a proposal to give $11.9 billion of direct cash payments to most Californians. The plan would build on a previous program distributing $600 checks to qualifying low-income residents...
Consumers Expect Surging Inflation to Crush the Purchasing Power of their Labor: Fed’s SurveyMay 11, 2021 - 08:15:25 PDT
And there are some whoppers. Consumers are picking up on the rise of inflation, and the Fed, which has been trying to heat up inflation, is pleased. The Fed watches “inflation expectations” carefully. The minutes from the March FOMC meeting mention “inflation expectations” 12 times.
Let's discuss what QE really does vs the psychology of QE.
"Those of us who decry large and intrusive government should demand that government annually balance its budget. The tighter the constraint on government’s access to resources, the freer and more prosperous the people will be." ~ Donald J. Boudreaux
Billionaire Ray Dalio Say’s US Debt and Money Printing Keeps Him Up at NightMay 11, 2021 - 08:04:25 PDT
Ray Dalio gets personal with CNBC Make It about not following a daily routine, his new phase of life and what he sees happening in the world that worries him.
Nobody Wants To Work: Job Openings Soar To Record High 8.1 Million, Smashing Wall Street ExpectationsMay 11, 2021 - 07:43:52 PDT
In case we needed more proof that the US labor market is in a supply-demand mismatch crisis, a few hours after the latest NFIB showed that it has never been more difficult for small business to fill job openings, moments ago the BLS confirmed what we expected: that the number of job openings in March (recall JOLTS is one month delayed) soared by a massive 597K to 8.123MM in March from an upward revised 7.5MM in February, and the highest on record!
George explains what Luke Gromen see’s in the current debt markets and where it’s going.
As the U.S. Economy Restarts from the Pandemic, Parts of It Are Severely BrokenMay 11, 2021 - 07:19:45 PDT
Manufacturers are struggling to catch up with a jolt in demand amid supply crunches in components and raw materials
Stanley Druckenmiller Says the Fed Is Endangering the Dollar's Global Reserve StatusMay 11, 2021 - 06:41:23 PDT
“If we’re going to monetize our debt and we’re going to enable more and more of this spending, that’s why I’m worried now for the first time that within 15 years we lose reserve currency status and of course all the unbelievable benefits that have accrued with it,” he added.
The world’s largest money managers may be underestimating the durability of inflation after a record wave of money printing to combat the Covid-19 pandemic, according to veteran investor Mark Mobius.T his will pose a particular problem in the U.S., where a rising inflation rate will weigh on the global reserve currency, said Mobius...
Federal Reserve Chairman Jerome Powell insists inflation is "transitory." As prices have spiked throughout the economy, Powell's messaging has essentially been, "Move along. Nothing to see here."Peter Schiff has been saying the central bankers at the Fed can't actually tell the truth about inflation because even if they acknowledge it's a problem (and it is) they can't do anything about it.In a recent talk, Jim Grant, investment guru and founder of Grant's Interest Rate Observer, echoed Peter, saying the Fed can't control inflation.
Gold held near a three-month high as investors weighed rising inflation expectations and comments from Federal Reserve officials for clues on monetary policy going forward. Bond market expectations for the pace of inflation over the coming half decade surged on Monday to the highest since 2006. The jump in the five-year breakeven rate comes amid...
"This Is Not Transitory": Hyperinflation Fears Are Soaring Across AmericaMay 11, 2021 - 05:30:37 PDT
There was some good news for the (transitorily hyper-)inflation-ravaged US economy today when copper, wheat and lumber futures all fell after days of surging - in the case of the latter, the first drop in 13 days...
When Benedicte Peyrol, a lawmaker in President Emmanuel Macron’s party, meets constituents in central France, she says there’s one issue worrying them above others: a massive pile of public debt.“Frankly, I was surprised,” says Peyrol, who’s 30 and trained as a tax lawyer. “It’s a rural area, debt isn’t necessarily an issue in day-to-day life...
German inflation could climb above 3% as the economy recovers from the pandemic, but it won’t last and the European Central Bank will look beyond such volatility, Executive Board member Isabel Schnabel said in an interview. “What we see is that very pronounced fluctuations in inflation have emerged because of the pandemic,” Schnabel told German...
Investors aren't worried about risk and the Fed helped them get there, but it isn't going to end well, warns our call of the day from Thomas H. Kee Jr., president and chief executive of Stock Traders Daily and portfolio manager at Equity Logic.