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‘Massive Helicopter Drop Of Money’ From Fed and Washington Raises Inflation Risk: MWApr 26, 2021 - 08:41:23 PDT
Policymakers are making a big gamble that their extraordinary efforts to stimulate the economy wouldn't send inflation out of control, but one of the biggest...
Federal Taxes, Spending and Deficit All Set Records in First Half of FY2021Apr 26, 2021 - 08:07:47 PDT
Federal taxes, spending and the federal deficit all set records in in the first six months of fiscal 2021 (October through March), according to the Monthly Treasury Statement.
We have to think about long-term changes. The trends that were underway in 2019 are still unfolding. Even as we put this horrible time behind us, the Great Reset of global debt is still coming—and probably sooner now because the debt is growing faster.
Are investors suffering from Fed FOMO? The fear of missing out on The Federal Reserve’s epic low-interest rates and prodigious money printing? The Buffett Indicator, a measure of the equity m…
Apr 26, 2021 - 07:11:56 PDT
The way that The Federal government measures inflation shows that there is little impact from the dramatic increase in M2 money supply. US Personal Consumption Expenditure Core Price Index YoY is o…
After February's surprise (weather-impacted) tumble, Durable Goods Orders were expected to rebound strongly in preliminary March data but they were disappointed. Against expectations of a sturdy 2.3% MoM jump, Durable Goods Orders rose just 0.5% MoM (orders were revised up modestly to -0.9% for Feb. from -1.2%)...
When discussing valuations it is assumed the "low future returns" means low returns each year. In reality, it means just one or two really bad years...
Not again. Bloomberg is referring to “the bond market riddle.” The Financial Times went with the headline, “US Government Bond Investors Left Bewildered by ‘Bonkers’ Market Move.” It’s been three weeks of declining Treasury yields in the face of robust economic data (and surging commodities prices!). Too soon to be discussing a new “conundrum,” but I am finding the various explanations of Treasury market behavior interesting – if not convincing.
Pandemic Fueled Renewed Investor Interest in Silver That Should Continue Through 2021April 26, 2021
The coronavirus pandemic fueled significant growth in investment demand for silver in 2020. And according to the Silver Institute's World Silver Survey 2021, demand is expected to remain robust through 2021.The price of silver was up 27% on average last year on the back of a surge in investment demand. ETF inflows took global holding to over 1 billion ounces for the first time ever.
Last week, President Biden announced a plan to significantly hike capital gains taxes on the wealthy. Republicans are predictably opposed to the hikes, but in a recent podcast, Peter Schiff said the GOP is mired in hypocrisy.The Biden plan would raise long-term capital gains taxes to 39.6%. For those earning $1 million or more, the new top rate, coupled with an existing surtax on investment income, would jack up the tax on wealthy investors as high as 43.4%.
Gold prices held firm on Monday, supported by a weaker dollar ahead of the U.S. Federal Reserve’s meeting this week, while supply worries kept palladium near record highs hit in the previous session. Spot gold was up 0.1% at $1,779.73 an ounce. U.S. gold futures rose 0.1% to $1,779.60.
Industrial metals from copper to aluminum to iron ore have rallied to the highest level in years.The reasons for their gains are plentiful: Copper -- critical for everything from electrical wiring to motors and thus a bellwether for the global economy -- broke out of its recent range to trade near the highest since the last super cycle as industrial operations...
The rise in the implied odds to the highest level in eight years shows how traders are seeking to protect themselves against a sustained uptick in inflation even if many Wall Street economists still only expect a gradual rise in prices on the horizon as economic growth accelerates.
* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E * Focus is on Fed meeting ending Wednesday * Treasury yields and dollar likely to fall on Fed stance * Euro bid on improving economic data * Turkish lira at risk of testing all-time low By Stanley White TOKYO, April 26...
The most popular currency trade at the beginning of the year has splintered as Wall Street takes to opposing sides on the fate of the dollar in the world’s pandemic recovery. JPMorgan Asset Management and T. Rowe Price see the dollar weakening as U.S. economic exceptionalism wanes, while PineBridge Investments expects it to strengthen...
Turkey's lira slid on Monday to near an all-time low as a chill settled on relations with the United States, and after the new central bank chief signalled that rate hikes would harm the economy.
China’s economy continued to boom in April from the record growth in the first quarter, with strong exports and rising business confidence supporting the recovery.That’s the outlook of an aggregate index combining eight early indicators tracked by Bloomberg, which remained unchanged from March in strong expansionary territory...
Corn, wheat, soybeans, vegetable oils: A small handful of commodities form the backbone of much of the world’s diet and they’re dramatically more expensive, flashing alarm signals for global shopping budgets.
Turkey’s cryptocurrency investors were dealt another blow at the end of a dismal week after a second big exchange collapsed in as many days and its chief executive was reportedly detained. Vebitcoin has halted operations citing deteriorating financial conditions, and Demiroren News Agency said its Chief Executive Ilker Bas...
Credit Suisse’s $5.5 Billion Archegos Hit Enters Big League of Bank Losses: WSJApr 26, 2021 - 05:24:39 PDT
The Swiss bank’s stumble is close in dollar terms to the losses JPMorgan faced from the “London whale” trade almost a decade ago.