Precious metals are apparently waking up. And here is where you can find the best deals.
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According to old saws, the difference between lawyers and many other professions is that the former can be argued with 100 percent confidence, even if the basis for their views is uncertain or low. The Federal Reserve …
With employers hiring, consumers spending and companies raising some prices, Federal Reserve Chair Jerome Powell is embarking on a high-stakes gamble. Powell’s bet is that the Fed can keep rates ultra-low even as the U.S. economic recovery kicks into high gear — and that it won’t have to quickly raise rates to stop runaway inflation...
May 3, 2021 - 05:50:41 PDT
Billionaire investor Warren Buffett warned that the consequences of zero interest rates remain an unanswered question.
Euro bulls are out in force this week, after Jerome Powell poured cold water on bets the Fed was poised to withdraw its aggressive support for the U.S. economy.Creeping U.S. inflation won’t last and doesn’t justify higher interest rates, he said. That’s narrowed the gap between what investors can expect to earn in the U.S. over Europe, dashing the...
The country with the longest history of negative interest rates just hit a milestone that may offer a glimpse of what’s to come elsewhere.In Denmark, commercial banks have had to absorb negative rates since they were first introduced by the central bank in 2012. By 2019, the industry started sharing the cost of that policy with retail depositors...
North Korea on Sunday warned that the United States will face “a very grave situation” and alleged that President Joe Biden “made a big blunder” in his recent speech by calling the North a security threat. Last week, Biden, in his first address to Congress, called North Korea and Iran’s nuclear programs “serious threats” to American and world security ...
Individual investors are holding more stocks than ever before as major indexes climb to fresh highs. They are also upping the ante by borrowing to magnify their bets or increasingly buying on small dips in the market.
Biden to Spend $4.5 Trillion Without Boosting Deficits Depends on Factors Beyond His Control:: WSJMay 3, 2021 - 05:41:43 PDT
President Biden is proposing to spend roughly $4.5 trillion over 10 years on infrastructure and social programs without adding to the red ink, a goal that depends on maintaining political support for tax increases to pay for it.
The prices of raw materials used to make almost everything are skyrocketing, and the upward trajectory looks set to continue as the world economy roars back to life.From steel and copper to corn and lumber, commodities started 2021 with a bang, surging to levels not seen for years. The rally threatens to raise the cost of goods from the lunchtime ...
ECB’s Weidmann Says Government Finances Mustn’t Delay Tightening: BloombergMay 3, 2021 - 05:37:46 PDT
European Central Bank policy maker Jens Weidmann said officials must be prepared to tighten monetary policy when needed to curb inflation, even if that increases the strain on heavily indebted governments.
President Joe Biden’s $4 trillion plans to overhaul the role of government in American lives is aimed at the right targets but risks inflation in an economy that’s recovering fast from the pandemic, said former U.S. Treasury Secretary Lawrence Summers.
Why a $10,000 Tax Deduction Could Hold Up Trillions in Stimulus Funds: NYTMay 3, 2021 - 05:33:21 PDT
The fight over SALT is a case study in the age-old conflict between constituent politics and national policy.
Nestle, Procter & Gamble and Unilever are among the global groups to have set out plans for price rises in their latest market updates following commodity price jumps and a spike in transport and packaging costs.
May 3, 2021 - 05:28:54 PDT
President Joe Biden’s plans to nearly double the rate of capital gains tax for the US’s highest earners caused shockwaves in America — and sent ripples of concern around the world. Tax experts in the US and Europe predict other governments could seek to copy the proposals Biden announced last week and raise capital taxes on the wealthiest to shore up their own public finances in the wake of the pandemic.
Biden Pursues GOP Infrastructure Deal as Anxious Democrats Watch the ClockMay 3, 2021 - 05:21:42 PDT
The president and his allies feel they have a limited window for movement on any legislation before members start focusing on the midterm elections.
The 10-year Treasury yield remained largely unchanged Monday from the previous session.
We Are At The Early Stage Of The Biggest Cobra Effect In The History Of EconomicsMay 3, 2021 - 05:17:06 PDT
"We believe we are at the early stage of the biggest Cobra Effect in the history of economics. As the massive monetary and massive fiscal stimuli (over $15T globally) conjoin to save the economy from a deflationary depression, instead they risk hyperinflation - overweight commodities."
Costs Are Up "We're Seeing Substantial Inflation" Admits Buffett as Powell, Yellen See NothiMay 3, 2021 - 05:12:24 PDT
We already touched on two of the more colorful exchanges from Saturday’s Berkshire annual videoconference, both of which incidentally starred the traditionally far more outspoken Charlie Munger, who first crushed a generation’s monetary dreams saying that today’s Millennials will have "a hell of a time getting rich compared to our generation"...
A lot of the economic data that came out last week looked pretty good. GDP growth came in big in the first quarter. Personal income rose by a record amount in March. The mainstream spun it all as positive, raving as if the economy is earning an ‘A.' But in his podcast, Peter Schiff argues that the only reason the economy isn't getting an F is because the Federal Reserve is cheating on the test.
LATE BRONZE AGE COLLAPSE: Amazing Parallels To The Coming Collapse Of The High-Tech Global EconomyMay 3, 2021
This is a MUST WATCH presentation on the Late Bronze Age Collapse and its parallel to the coming collapse of our High-Tech Global Economy. It's quite amazing how advanced the different empires were doing the Late Bronze Age and how quickly they collapsed. The information in this video provides my analysis of the major factors...