Europe’s brightening economic outlook as Covid-19 vaccinations pick up is also accelerating the timetable toward a new danger.As investors get ready for growth to break out, they’re also preparing for the inevitable consequence: withdrawal of European Central Bank emergency funding. For the region’s most indebted economies,,,
Futures held steady early Monday as investors braced for one of the busiest weeks of the first-quarter earnings season.
U.S. Treasury yields rose slightly on Monday morning, ahead of the Federal Reserve's policy meeting and inflation data, due out later in the week.
Oil production from Alaska hit a 40-year low last year, partially due to the pandemic shutdown and low oil prices. However, Alaskan oil production has been steadily declining since its peak in 1988. At one time, Alaska was producing 25% of U.S. oil production. Although, last year, Alaskan oil production...
This is an important economic update because most analysts continue to believe we are heading towards massive inflation and much higher broader stock indexes. While we could see the markets move higher, certain forces are now getting ready to pull down the major stock indexes and commodity prices...
It’s hard to say how this one will play out, but from the factors we have outlined, all indications point to another gold run amid rising geopolitical tensions, tighter supply, central bank gold buying, low interest rates, negative real yields, and what could be the most inflationary period in decades.
Gold fell amid rising bond yields after strong U.S. economic data refueled optimism of a global recovery.New-home sales in the U.S. rebounded sharply in March to the highest since 2006, suggesting that the housing market is back on track after winter storms impeded demand in February. Meanwhile, output at manufacturers and service providers...
A piece of copper that was struck by the U.S. Mint in Philadelphia in 1794 and was a prototype for the fledgling nation’s money will go up for auction Friday.
Three men told investors they had created a plan to make money by extracting gold from dirt using a revolutionary process developed by one of them who claimed he was an expert in metallurgy and the refining of precious metals.
A test drill performed by the company back in 2018 was deemed successful, proving some gold is still there. Now he’s working with the county to try and permit the area, capitalizing on the prospect of reopening the mine to its former glory. Mossman claims it would boost the economy and add hundreds of jobs.
Few people alive understand how Capitol Hill and Wall Street work better than former Congressman and financier David Stockman. Our friend Adam Taggart sits down with David to discuss how he is deeply concerned that our current political, monetary and fiscal policies are setting the stage for an epic breakdown in the economy as well as the financial markets.
“If you think that the United States has a lot of power through our Treasury sanctions authorities, you ain’t seen nothing yet,” Matt Pottinger, former U.S. deputy national security adviser in the Trump administration, said last week at a hearing of the government-backed U.S.-China Economic and Security Review Commission. “That currency can be turned off like a light switch."
Coronavirus has proven that austerity was a political choice and that the ‘Magic Money Tree’ really does exist, progressive economists have said.
The Fed won’t change monetary policy at next week’s meeting, but with the economy re-opening, jobs returning, activity booming, and inflation climbing, a sense of anticipation is starting to build. This won't stop USD remaining under pressure
Inflation indicators are “flashing red alarm” according to former US Treasury Secretary Larry Summers, who warns that the Biden administration’s economic stimulus “is providing demand well in excess over the next couple of years of any plausible estimate of the economy’s potential to produce.”
Kolanovic then showed the following chart where on the horizontal axis he showed bond yields as a proxy measure of reflation/reopening and on the vertical axis the performance of various equity market segments, writing that "as the COVID-19 recovery takes place, reopening, reflation and inflation themes, and value likely will significantly outperform growth and defensives.
“Raising capital gains taxes hurts the capital markets,” he said in a text message. “Better to raise the personal top marginal rate and estate tax. Leave capital gains and dividends alone.”
Banks and financial stocks are at the heart of every economy and play an important role in bull markets.
No housing market can handle the perversity of vacant homes being used as leveraged investment vehicles to generate capital gains by just sitting there.
Recent financial disclosures show overdraft to be lucrative for commercial banks, and a burden on their most vulnerable customers.