Precious metals are apparently waking up. And here is where you can find the best deals.
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Gold futures ended slightly lower on Tuesday, with prices sticking to a tight trading range, as investors awaited the outcome of the Federal Reserve’s two-day meeting on monetary policy.
Apr 27, 2021 - 12:55:46 PDT
Isn’t it long past the time for Congress to get serious about removing the Fed, a thoroughly captured regulator, from any involvement with supervising the Wall Street banks that it plays sugar daddy to on a regular basis?
Bond investors, emboldened by a recovering economy and a global vaccine rollout, are taking on more risk, sometimes a lot more risk.Insurers, pension systems and high-grade credit managers in the U.S. and Europe are buying bigger amounts of junk-rated debt to offset shrinking yields, forcing high-yield investors to jostle for allocations...
Is this just the beginning of the bull run in silver? Mike Maloney and Jeff Clark believe it is, watch today’s video to see why.
"It's About To Get Much Worse": Supply Chains Implode As "Price Doesn’t Even Matter Anymore"Apr 27, 2021 - 12:40:03 PDT
“For the month of May, everything on the trans-Pacific is basically sold out. We had one client who needed something loaded in May that was extremely urgent and who was ready to pay $15,000 per container. I couldn’t get it loaded — and we are a growing company that ships a lot of TEUs [twenty-foot equivalent units]. Price doesn’t always even matter anymore."
Jerome Powell Is a Heavy Favorite on Wall Street to Be Renominated as Fed ChairApr 27, 2021 - 11:28:08 PDT
The CNBC Fed Survey for April finds 76% of respondents believe President Biden will choose Powell again.
Americans Support Biden's Spending and Want Him to Spend More, Polls ShowApr 27, 2021 - 11:27:09 PDT
More Americans say they approve of the $1.9 trillion Covid bill Biden signed last month, and his $2 trillion infrastructure plan is already popular.
"They're Guessing" - Gundlach Rejects The Fed's "Inflation Is Transitory" NarrativeApr 27, 2021 - 10:59:06 PDT
‘Bond King' Jeff Gundlach is not buying that line and told BNN Bloomberg in an interview this morning. “...more importantly, I'm not sure why they think they know it's transitory... how do they know that?" “...there's plenty of money-printing that's been going on, & we've seen commodity prices going up massively... home prices in the US are inflating very substantially... so there's a lot of inflation that's already baked in to input prices."
With Margins Forcefully Squeezed, Big Companies Raise Prices, Point at Massive Inflation OvershootApr 27, 2021 - 10:55:56 PDT
Smaller companies too: Boots-on-the-ground view of surging costs in the roofing manufacturing industry. The Fed will brush it off as “temporary,” but the inflationary mindset has set in.
Apr 27, 2021 - 10:40:42 PDT
The Fed stopped updating both M1 and M2 weekly reports. What's going on?
... if the Fed can get EVERYONE putting ALL their money in stocks, would that not provide them with a method of pumping up the economy while making it look like a “financial market” was at work?
The president’s “American Families Plan,” which he will detail this week, will be offset in part by a tax enforcement effort that administration officials believe will raise $700 billion over a decade.
As the U.S. economic recovery builds momentum, Americans will need to brace for a burst in prices of everything from airfare to lumber, cars to diapers.
Apr 27, 2021 - 07:54:06 PDT
Low-interest policies helped stabilize the economy, but they also set off a multitrillion-dollar run-up in markets, which overwhelmingly benefited the richest 10 percent of Americans.
Say what you will about the U.S., but its financial reporting rules are at least consistent.
Vladimir Putin’s multi-year push to reduce Russia’s exposure to the dollar hit a major milestone as the share of exports sold in the U.S. currency fell below 50% for the first time. Most of the slump in dollar use came from Russia’s trade with China, more than three-quarters of which is now conducted in euros...
Elizabeth Warren Takes Aim At FedEx, Nike, Amazon in Push for Corporate Tax HikeApr 27, 2021 - 07:26:49 PDT
n an interview with CNBC’s “Squawk Box” on Tuesday, the Massachusetts progressive specifically blasted the three corporate giants while describing why corporations should get with hit with a higher tax rate.
U.S. population growth has slowed to the lowest rate since the Great Depression, the Census Bureau said Monday, as Americans continued their march to the South and West and one-time engines of growth, New York and California, lost political influence.
Even The 'Cheapest' Homes In America Are Rising At 4x The Fed's Inflation TargetApr 27, 2021 - 07:14:53 PDT
US home prices rose on a year-over-year basis for the 8th straight month in February (the latest Case-Shiller data point), surging 11.94% YoY (better than the 11.80% expected)...
Apr 27, 2021 - 07:11:19 PDT
After surging in March, analysts expected The Conference Board consumer confidence headline print to surge even higher in April and it did... massively. Against expectations of a rise from 109.7 to 113.0, the Conf Board confidence exploded to 121.7.