Precious metals are apparently waking up. And here is where you can find the best deals.
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FOMC Minutes Signal Optimism On Fiscal Plans, Some Officials Fear "Stability Risks"Apr 7, 2021 - 11:03:27 PDT
Since The Fed's last statement and press conference (on March 17th), stocks and bonds are up marginally, gold has roundtripped back to unchanged (from a sizable loss) and the dollar is holding on to modest gains...
President Joe Biden is set to deliver remarks Wednesday afternoon on his more than $2 trillion infrastructure package. Vice President Kamala Harris is also expected to attend.
Yellen Unveils $2.5 Trillion Tax Recoups Plan, Fed Threatens to Pull Accommodation End of PandemicApr 7, 2021 - 10:42:33 PDT
Stocks just got hit with a double-whammy of hawkishness as Fed's Kaplan threatened to withdraw accommodation as the pandemic ends and Treasury's Yellen unveiled a plan to grab back $2.5 trillion in taxes from corporations.
An estimated 150 million slipped down the economic ladder in 2020, the first pullback in almost three decades.
“We are going to have to go months and months into the higher inflation experience before I’m going to even have an opinion on whether or not this is sustainable or not, and that’s going to be uncomfortable,” Evans said, noting he expects prices to rise in coming months.
Apr 7, 2021 - 08:36:32 PDT
There is a great fear about inflation in the US. And why it remains so low DESPITE the trillions in stimulus spending by the Biden Administration. According to a survey by The New York Fed, consume…
Big spending by governments and historically loose monetary policy by central banks moderated the economic hit of the pandemic significantly, the IMF noted in its analysis, estimating that "the contraction could have been three times as large if not for extraordinary policy support."
The Riksbank just published the results of the first phase of a pilot project into what is essentially the most advanced exploration of a post-cash era to be undertaken by a major, western economy. It says the rapid pace at which cash is disappearing presents “potential problems” that a digital currency controlled by a central bank can address.
The dollar slipped, hovering near two-week lows on Wednesday, after U.S. bond yields stabilised, while market participants waited for the Federal Reserve's meeting minutes later in the session to help determine the dollar's future path.
Have you ever heard someone complain that the free market is to blame for the problems we face? What most people don’t realize is that they are barking up the wrong tree. We don’t have free markets, as Mike Maloney explains in today’s video clip.
Apr 7, 2021 - 07:11:13 PDT
Steve Hanke, professor of Applied Economics of Johns Hopkins University, said that this change reflects a change in attitude from the world’s largest central bank on the importance of looking at money supply.
It is not yet time for the central bank to pull back on its support of the U.S. economy, but reducing stimulus when the pandemic abates and more economic progress is made will help keep the recovery on track, Dallas Federal Reserve Bank President Robert Kaplan told the Wall...
Chicago Federal Reserve Bank President Charles Evans on Wednesday said that while he's become much more positive about the economic outlook, he continues to expect the U.S. central bank will need to keep policy easy for some time in order to boost inflation to healthier levels.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
"In the end, the total of what comes out of the economy is limited by the total of what is produced, no matter that you can borrow or print up unlimited amounts of money. Borrowing and printing up trillions and trillions of dollars isn’t real. It’s a special form of deceit we economists call...
While gold prices have languished over the last few months, smart investors have taken advantage of the low prices and loaded up on physical gold.For Q1, the US Mint reported its highest quarterly American Gold Eagle sales in more than 20 years.
Now, sentiment seems to have turned and we could see growing worries about US inflation and about the large new American bond issue programme that could hit bond prices further.
The dollar’s share of global reserves has decreased to its lowest level since 1995, according to International Monetary Fund figures.
U.S. Treasury yields were little changed on Wednesday morning, ahead of the release of minutes from the Federal Reserve's recent monetary policy meeting.
Jamie Dimon Says Economic Boom Fueled by Deficit Spending, Vaccines Could ‘Easily Run into 2023’Apr 7, 2021 - 05:39:13 PDT
“I have little doubt that with excess savings, new stimulus savings, huge deficit spending, more QE, a new potential infrastructure bill, a successful vaccine and euphoria around the end of the pandemic, the U.S. economy will likely boom,” Dimon said. “This boom could easily run into 2023 because all the spending could extend well into 2023.”