Precious metals are apparently waking up. And here is where you can find the best deals.
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After we were stopped out of our trade John Deere short trade last week, we entered back in today with an initial short position. As I mentioned, finding a good top for John Deere was going to be challenging and, at times, frustrating. Thus, to limit losses, it's important to use good Trade Management...
Sam Zell Buys Gold To Hedge Against Surging Inflation, "Debasement" Of The DollarMay 4, 2021 - 12:55:09 PDT
"Oh boy, we’re seeing it all over the place," Zell said. "You read about lumber prices, but we’re seeing it in all of our businesses. The obvious bottlenecks in the supply chain arena are pushing up prices. It’s very reminiscent of the ‘70s."
The more likely scenario, unfortunately, is money-printing “out the wazoo” bearing ridiculously high deficits and debt, a currency war with China, and finally, hyperinflation leading to the destruction of the US dollar.
A new study estimates that German private households own around 9,100 tons of gold. That’s 270 tons more than in 2019, according to the survey.
The dollar rose to a two-week high on Tuesday, partially unwinding a monthlong decline, as risk appetite faded with a sell-off in stocks and a rally in Treasuries, and after U.S. Treasury Secretary Janet Yellen said interest rates may need to rise to prevent the American economy from overheating.
Blackrock's Bond Boss, Overseeing Trillions, Says 'Every Client' Is Worried About InflationMay 4, 2021 - 12:01:41 PDT
"Listen, every client call I'm on, including the one I just finished ... is talking about overheating," BlackRock's Rick Rieder told CNBC.
Join Mike Maloney and Jeff Clark in today’s info-packed video, featuring news on the latest silver squeeze and some interesting commentary on ‘transitory hyper-inflation’.
Addressing within-country inequality may be the political imperative of the moment. But tackling vastly greater cross-country disparities – especially those affecting the two-thirds of humanity living outside the advanced economies and China – is the real key to maintaining geopolitical stability in the twenty-first century.
Further inflation scares in the coming months that drive any bond selloff should be seen as a buying opportunity. Our analysis suggests that the secular disinflationary headwinds of the past few decades will ultimately prove more lasting than a rise in prices due to temporary supply shortages.
The Land of Lincoln (Illinois) is seeing epic flight from high taxes and a broken state pension system. We are seeing a tremendous migration shift to Texas and Florida. This migration is leading to…
What is particularly interesting about this U.S. real estate mania is that it hasn’t been accompanied with an outperforming real estate sector in the stock market as was the case in the early-to-mid-noughties. Perhaps that speaks to the fact that this boom has to a large extent been artificially created and will ultimately turn out to have been a transitory illusion.
U.S. stocks such as Tesla, Apple and GameStop are attracting investors, as negative bank rates prompt risk-averse Germans to shift their savings.
Across the Occidental Economy there seems a trend towards political failure as polarization, sleaze and opportunism takes hold, even as electorates suffer from increasing inequality and declining prospects. As the threat of post-pandemic inflation rises, the ingredients are all there for further instability and labour strife.
Banks Start Freaking Out About Soaring Inflation, Which May Not Be "Transitory"May 4, 2021 - 10:06:24 PDT
For the past few months we - unlike the Fed - have been warning readers that the US is about to get by a wave of soaring prices the likes of which have not been seen since the early 1970s...
President Joe Biden wants to raise taxes on single filers likely with income over $452,700 and couples earning more than $509,300.
Wealthy families could face combined tax rates of as much as 61% on inherited wealth under President Joe Biden’s tax plan, according to a recent analysis and tax accountants.
Argentina’s government raised 74% of the amount it had targeted from a controversial new tax on the country’s wealthiest citizens.The government collected 223 billion pesos ($2.4 billion), according to an official statement. Early data show that 10,000 people with assets over 200 million pesos paid the new tax, which goes as high as 5.25% of their assets’ ...
President Biden wants to change seemingly everything: the government’s role in the economy, the way we generate power and move around, the way parents take care of kids, the “caring economy.” Is there anything he’s leaving out?
Us Needs to Take Leadership on Central Bank Digital Currencies: Former CFTC ChairMay 4, 2021 - 08:58:43 PDT
Former CFTC Chairman Chris Giancarlo is working with consulting firm Accenture on pilot programs that will test different use cases for in the United States.
$17.5 Million In Revenue, $5.4 Billion In Losses: Archegos Was A 300x-Levered Bomb For Credit SuisseMay 4, 2021 - 08:47:53 PDT
A bank's prime brokerage unit is supposed to be a safe, reliable and predictable generator of revenue, resulting from modest-margin transactions with a bank's hedge fund client base.