Precious metals are apparently waking up. And here is where you can find the best deals.
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Apr 1, 2021 - 08:04:46 PDT
Some economists, mainly conservatives, worry that another huge round of stimulus will overheat the economy and trigger a new surge of inflation. They also fret about the consequences of an ever-rising national debt, although there's less concern today than in the past.
As Prices Rise Across Supply Chains, Will Inflation Come for You Too?: BloombergApr 1, 2021 - 07:23:25 PDT
There’s an underappreciated side effect of all the disruptions across global supply chains: the cost of producing and distributing everything from furniture and foam to cars and machinery is rising. While that has thrown off the plans of companies, the effect on consumer wallets is much more subtle and uneven — for now.
The move in the stock market came after Biden introduced his multitrillion-dollar infrastructure proposal.
US Manufacturing Surveys Soar As Supply Chain Disruptions Spark Surge In PricesApr 1, 2021 - 07:08:12 PDT
The Powell Fed, however, is eager to brush aside any analogues to previous episodes of runaway inflation which it sees as having a demand component, and merely ascribes what is taking place to unprecedented supply chain disruptions - i.e., collapse in supply - as a result of both the trade war with China and, more recently, the covid pandemic, which have unleashed chaos among traditional supply-chain intermediaries.
No one should presume to know the answer, but we should prepare for the possibility that spending is very strong, inflationary pressures intensify and official interest rates rise earlier than expected from the current low of 0.1 per cent. Those running banks would be wise to think this could well come with a large increase in effective taxation. It has doubled in size...
A bill introduced in Congress would repeal capital gains taxes on gold and silver.Alex Mooney (R-WV) introduced HR2284. Titled the Monetary Metals Tax Neutrality Act, the legislation would eliminate capital gains, losses and all other federal income calculations on gold, silver, platinum, and palladium bars and coins.
Gold rose on Thursday as a slight pullback in the dollar and U.S. bond yields helped bullion regain some its appeal as an inflation hedge against the backdrop of President Joe Biden's multi-trillion-dollar infrastructure investment plan.
There Are Still Over 18 Million Americans Getting Government Jobless BenefitsApr 1, 2021 - 05:53:42 PDT
Does this bode well for tomorrow's payrolls (which some suggest could be a stunning 1.8 million job addition).
Peter Schiff: Biden Infrastructure Plan Will Weaken the Economy and Destroy OpportunityApril 1, 2021
Joe Biden unveiled details of his $2 trillion-plus infrastructure plan complete with tax hikes. The claim is that this is going to strengthen the economy and create opportunity. Peter broke down the spending plan in his podcast and said it will do the exact opposite. It's going to weaken the economy and destroy opportunity.
Factories across Europe and Asia ramped up production in March as a solid recovery in demand helped manufacturers move past the setbacks of the pandemic, although escalating costs and supply- chain disruptions were creating challenges and driving prices.
U.s.-Style Fiscal Boost Isn’t Answer for Europe, Weidmann Says: BloombergApr 1, 2021 - 05:44:28 PDT
“The U.S. can’t be a reference,” Weidmann said, noting that capacity utilization there is due to rise far above normal levels as a result of the spending. “We have to find answers that fit our situation.”
The promised end of the pandemic draws closer with every shot in the arm. So in the first three months of 2021, traders raced to position themselves for a post-civid world by girding for super-charged growth and higher inflation. This reflation trade put Treasuries on course for their worst quarter since 1980, with the global bond plunge sending yields surging...
Pressure for Hedge Fund Scrutiny Builds as Yellen Leads Her First U.S. Financial Stability MeetingApr 1, 2021 - 05:31:29 PDT
U.S. Treasury Secretary Janet Yellen is facing pressure from Democrats to revive tougher scrutiny of hedge funds and other large pools of capital as she heads her first meeting of the premier grouping of U.S. financial regulators on Wednesday.
10-Year Treasury Yield Dips but Holds above 1.7% Following Biden’s Infrastructure AnnouncementApr 1, 2021 - 05:20:00 PDT
The 10-year U.S. Treasury yield fell on Thursday, but remained above 1.71%, after President Joe Biden shared details of his $2 trillion infrastructure package.
China’s spending on research and development climbed 10.3% to 2.44 trillion Chinese yuan ($378 billion) in 2020, outpacing the U.S., according to the nation’s National Bureau of Statistics.
China's Central Bank Warns of a Swath of Financial Risks, Including Potential DefaultsApr 1, 2021 - 05:13:58 PDT
The detailed comments mark the latest warning from high-level officials in China in the last several weeks about domestic market risks.
U.S. President Joe Biden’s “very large structural stimulus plan” has contributed to concerns over inflation and should support gold markets, Meger said.
Today, it seems to be an article of faith among US policymakers and many economists that the world’s appetite for dollar debt is virtually insatiable. But a modernization of China’s exchange-rate arrangements could deal the dollar’s status a painful blow.
In February, money supply growth hit yet another all-time high. February's surge in money-supply growth makes February the eleventh month in a row of remarkably high growth, and came in the wake of unprecedented quantitative easing, central bank asset purchases, and various stimulus packages.
There was a consistent double digit drop across all regions in the U.S., including the West and South regions, where sales declined 16.45% and 14.7%, respectively, from the prior month.