Precious metals are apparently waking up. And here is where you can find the best deals.
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The ghost of 2013 indeed is hanging over this market. Nothing matters and the trend remains fully intact and new record market highs are made every month. November, December, January, February, Mar…
US Dollar Posts Worst Week of the Year as Yields Drop on Dovish Fed MinutesApr 12, 2021 - 08:47:09 PDT
Helping to pressure the U.S. Dollar were higher-than-expected weekly initial claims, but this was somewhat offset by a jump in producer prices.
From 1949 through 1964, the S&P 500 enjoyed an average annual total return of 16.4%. In the 8 years that followed, through 1972, the total return of the index averaged a substantially lower 7.6% annually; strikingly close to the 7.5% projection that Graham had suggested based on prevailing valuations, yet still providing what Graham had suggested would likely “carry a fair degree of protection” against inflation, which averaged 3.9% over that period.
The Most Important Measure of the Fed’s Economy: The “Wealth Effect” and How It Impacts AmericansApr 12, 2021 - 08:29:33 PDT
The Fed provides the data quarterly, I dissect it at the stunning per-capita level.
Apr 12, 2021 - 08:21:19 PDT
(Purchasing Power Of US Dollar Continues To Drop)According to the Atlanta Fed GDPNow forecast model, US Q1 GDP is growing at 6.047%! The Covid epidemic certainly resulted in a major hit to US GDP, particularly with state and local governments shu…
If our view on the stock market is correct, we expect interest in deflation to boom, perhaps as soon as this year.
Expect Inflation to Accelerate? Here's 8 Reasons to Expect Decelerating Inflation: Lacy HuntApr 12, 2021 - 07:50:09 PDT
In its Quarterly Review and Outlook for the First Quarter of 2021 Lacy Hunt makes a case for decelerating inflation.
Powell Can't Wait To See "Actual Inflation" To Hike... But What Do We Have Right NowApr 12, 2021 - 07:39:14 PDT
If you are still in the camp that all that really matters is what central banks say, then note “the US is now at an inflection point”. So says Fed Chair Powell on CBS TV. While positive, this does seem to lean in a more hawkish direction: could his credibility be “Gone in 60 Minutes”, after repeated messaging that rates are on hold for years to come?
Silver enjoyed a brief moment in the limelight earlier this year when the so-called "Reddit Raiders" turned their attention to the white metal. The spotlight has dimmed somewhat, but there are still plenty of reasons to be bullish on silver. Our fully revised and updated The Powerful Case for Silver report provides an in-depth overview of the silver market and explains why silver may be one of the best investments of the year.
Apparently, those stimulus checks weren't enough. American consumers pulled out their credit cards and ran up big balances in February.According to the latest numbers from the Federal Reserve, consumer debt unexpectedly spiked in February, growing at an annual rate of 7.9%. Economists had expected a small uptick in consumer debt after a flat January, but the sudden surge in credit card spending came as a surprise.
Apr 12, 2021 - 05:45:23 PDT
The White House is proposing an 8.4 percent boost in discretionary spending, which comes on top of Biden's $1.9 trillion pandemic relief bill, and his proposed $2.3 trillion American Jobs Plan.
Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers.The price for a container of goods from China to the U.S. West Coast and European ports has hovered near record highs for several months, and conditions are ripe for more increases...
A flurry of U.S. economic reports this week may signal the underlying strength of growth and inflation pressures as the country’s thaw from the coronavirus crisis begins to spread.b One of the most-watched reports will be the consumer price index, with March data likely to show a heady acceleration from last year’s pandemic conditions....
Economics used to offer lots of metrics that claimed to show when growing economies were approaching some kind of speed limit. But increasingly, inflation is the only one that’s taken seriously. A lasting surge in prices would likely convince policy makers that it’s time to tap the brakes on expansionary measures adopted in the pandemic,..
The International Monetary Fund said on Sunday countries in the Middle East and Central Asia need to curb their financing requirements, as a surge in government debt, exacerbated by the pandemic, threatens recovery prospects.
Federal stimulus and Covid-19 vaccinations have led to boosts in the outlook for GDP and consumer prices in the latest Wall Street Journal survey of economists.
Biden Seeks Extra $400 a Year in Pell Grants for College and to Expand Aid to DreamersApr 12, 2021 - 05:32:57 PDT
President Joe Biden's budget proposal for discretionary federal spending includes an extra $3 billion for Pell grants for the 2022 fiscal year.
Fed Chair Powell Says Economy about to Grow Much Quicker Due to Vaccinations and Fiscal SupportApr 12, 2021 - 05:24:53 PDT
The Federal Reserve slashed its benchmark rate to near zero in March of 2020 and deployed massive emergency lending programs. Powell has said the Fed is unlikely to raise rates until the economy is essentially fully healed, even if inflation rises moderately above its 2% target. Powell has also been supportive of aggressive federal spending programs implemented under both Trump and President Joe Biden to stem the worst impacts of the public health crisis.
Big Government: Europe Seeing the Decline of Its Gig Economy & New Rules Could Mean Higher PricesApr 12, 2021 - 05:20:58 PDT
Deliveroo is just one example of a wider "gig economy" that is coming under increasing scrutiny.
Treasury Yields Little Changed After Powell Reiterates Commitment to Easy PolicyApr 12, 2021 - 05:14:52 PDT
Treasury yields fell on Monday, after Federal Reserve Chairman Jerome Powell on Sunday reiterated the central bank's commitment to loose monetary policy.