Precious metals are apparently waking up. And here is where you can find the best deals.
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Precious metals investors want to know what to make of this recent Fortuna Silver & Roxgold merger. Unfortunately, one shareholder enjoyed the benefit while the other saw upwards of 25% loss in just a few days. These are the pitfalls of precious metals mining stock investing or speculation...
“A pullback in the dollar more broadly, after last night’s strong selling has been supportive for gold prices,” IG Market analyst Kyle Rodda said.
Events that devastate the majority financially greatly enrich the few who bet on non-linear dynamics.
Yesterday I pointed out how inflation has become deeply embedded in our financial system. As a quick recap, inflation arrives in stages. It’s not as though it appears overnight and suddenly the cost of everything rises. Instead, inflation slowly works … Continue reading →
You don’t need a PhD in economics to smell the BS. Inflation is not some potential issue down the road. Inflation is already here. As Warren Buffett told investors only days ago, “We’re seeing very substantial inflation.”
As a result of the recent stimulus policies employed by the US government and the Fed, most commentators are of the view that the risk of a deepening slump in the US economy on account of the covid-19 pandemic has now receded.
May 5, 2021 - 11:43:57 PDT
U.S. lumber futures rallied as much as 4% to $1,541 per 1,000 board feet Wednesday, the highest ever for a most-active contract. The surge came as voracious home-construction and renovation demand sends builders scrambling to secure the wood they need.
What a circus. I imagine there’s a big sign in every Fed building in America: Don’t drop, fragile, handle with care. Janet Yellen, while no longer in a Fed building, committed the cardi…
Fed’s Rosengren Says Higher Inflation Will Be as Temporary As Last Year’s Toilet-Paper Shortage: MWMay 5, 2021 - 11:24:05 PDT
“My view is that this acceleration in the rate of price increases is likely to prove temporary,” Rosengren said Wednesday in a webinar with Boston College.
Let's conduct a QE "what if" thought experiment with the parameters I specify below.
Fed Chair Powell showed how simple questions do not always get simple answers. When speaking to the media after the latest Federal Open Market Committee (FOMC) meeting, some difficult questions were asked. So much so, Powell had to repeat one question to himself, asking: When will the economy be able to stand on its own feet? He immediately followed with: I'm not sure what the exact nature of that question is.
The Buffett Yardstick, or total market capitalization of the U.S. equity market relative to the overall size of the economy, now stands at a gaudy 270%. For reference, at the peak of the Dotcom Mania, this measure only reached 188% so we are now over 40% more expensive than the most expensive stock...
The Paycheck Protection Program will only accept new applications from Community Financial Institutions, as funding for other borrowers has run out.
Hard-Hit Restaurants Rush for a Lifeline as $28 Billion in Grants Go up for GrabsMay 5, 2021 - 10:20:33 PDT
The National Restaurant Association projects that from March of 2020 through April of this year 110,000 restaurants have closed either permanently or long-term.
A federal judge struck down on Wednesday the national eviction moratorium, potentially leaving millions of Americans at risk of losing their homes.
"The immediate lesson from all of this is that Biden’s plan is a boondoggle waiting to happen (just as would have been the case with Trump). The longer-term lesson is that we should get the federal government out of the business of infrastructure."
The Treasury Department says it will employ measures to avoid an unprecedented default on the national debt this summer, but officials say those measures could be exhausted “much more quickly” than normal given the unusual circumstances of the global pandemic...
May 5, 2021 - 09:12:14 PDT
Maybe drawings can deter elected officials from their outrageous spending habits where detailed reports have failed to attract their attention.
“The IMF has been calling for a minimum global corporate income tax rate as a way to interrupt the race to the bottom in corporate income taxation,” IMF Fiscal Affairs Director Vitor Gaspar said in April.
What's left are the 'fatal synergies' of soaring debt and leverage, diminishing returns on stimulus, the substitution of credit for savings and the coming deflationary tsunami that pops all the speculative bubbles.