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Mortgage Refinance Demand Hits Lowest Level in Over a Year, and Homebuyers Retreat, TooApr 14, 2021 - 05:20:09 PDT
It was a mixed week for mortgage rates, which started high and then fell slightly, but the damage was done early.
During his recent 60 Minutes interview, Federal Reserve Chairman Jerome Powell reiterated that he thinks any spike in price inflation will be transitory. As he put it during the interview, we may see "temporarily higher prices but not persistent inflation." Peter Schiff appeared on RT Boom Bust to talk about Powell's view on rising prices. He called the Fed chair's position, "laughable."
TOM CLOUD UPDATE: Discusses Several Important Topics & Questions From Clients On Precious MetalsApril 14, 2021
In Tom Cloud's newest precious metals update he discusses several topics and questions from clients. He starts off with how the falling value of the U.S. Dollar will positively impact the metals, the gold-silver ratio, why Hungry is now acquiring gold at its central bank, and what is a good percentage of gold-silver...
U.S. SHALE OIL ENERGY CLIFF: The Dirty Little Secret About The Oil Companies The Public Isn't Aware OfApril 14, 2021
There's a dirty secret about the Shale Oil Industry that the public or market hasn't figured out yet... but they will. While U.S. shale oil production had recovered from its lows during the pandemic shutdowns last year, don't count on the supply ever reaching the highs in early 2020.
Suddenly, out of nowhere BankAmerica has emerged as a major participant in precious metals OTC derivatives. This new fact is contained in the latest release of the Treasury Department’s Office of the Comptroller of the Currency (OCC) Quarterly Derivatives Report for U.S. banks.
Gold prices bounced off a more than one-week low on Tuesday after data showing a sharp rise in U.S.inflation bolstered bullion's appeal as an inflation hedge and weighed on the dollar.
All the risks generated by gambling with trillions of borrowed and leveraged dollars didn't actually vanish; they were transferred by the Fed to the entire system.
US inflation rose more than expected in March and is likely to push up to 4% as price levels in a vibrant, stimulus fuelled economy constrast starkly with those during the lockdown 12 months ago. There are also a growing number of reasons to think inflation will stay higher for longer with risks increasingly skewed towards a 2022 Fed rate hike
if inflation appears likely to spike, “investors may want to consider assets that tend to rise in value as inflation increases, including real estate, farmland, collectibles and commodities,” notes Kozy. Commodities, such as metals and other raw materials, may offer a double benefit, he adds. In addition to the inflation hedge they may offer, commodities may benefit from economic growth and expansion in areas ranging from infrastructure to renewable energy.
Economic, financial and political fragilities are becoming unbearable. Thus, we may be in a year of unforeseen shocks, or Black Swans.
Central banks typically fight retail price inflation by raising interest rates. But again, if they do raise interest rates, the US government will have to refinance its maturing debt at higher rates.
I suspect that global debt ratios have passed a point of no return. At some juncture two or three big beasts will get into trouble at the same time and trouble will spread. I suspect that global debt ratios have passed a point of no return. At some juncture two or three big beasts will get into trouble at the same time and trouble will spread.
Apr 13, 2021 - 11:15:27 PDT
Treasury managed to sell $24 BILLION in 30 year Treasury bonds. The high yield rate was 2.32%. The result? The 30Y-2Y Treasury slope declined along the the 10Y-2Y slope. Good news for the already b…
Between January 1970 and December 2020 on average changes in money supply preceded changes in real economic activity by fourteen months, as depicted by real gross domestic product (GDP).
The “yield curve” refers to a graph showing the relationship between the maturity length of bonds—such as one month, three months, one year, five years, twenty years, etc.—plotted on the x axis, and the yield (or interest rate) plotted on the y axis.1
As markets surge to record highs, analysts are rushing to ratchet up earnings estimates as optimism explodes. Is it already "priced in" to the markets?
Don’t believe the assurances that higher taxes and low-interest debt servicing will contain the costs.
Wood's team will assess Warren Buffett's favorite market gauge, which just hit a record 200% and might be a signaling an impending stock-market crash.
Apr 13, 2021 - 09:51:58 PDT
As the US government pumps billions of dollars into projects aimed at curbing the pandemic, from vaccine development to genomic sequencing, officials claim they are being transparent about how money is being spent. But government contractors have a lot of leeway to hide things, as shown by a recent records request filed by MIT Technology…
No economic question is being debated more hotly right now than whether the U.S. will see a sharp rise in inflation. But the answer for the next few months is simple: Yes. Due to the way the government’s inflation metrics are calculated, what will appear to be significant price increases are all but guaranteed. The phenomenon is known as the base effect...