Precious metals are apparently waking up. And here is where you can find the best deals.
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The SPAC market is in the process of detonating and it will take the Ponzi Sector with it.
Fraudsters Are Laundering Millions in COVID Relief Funds Through Online Investment PlatformsMar 29, 2021 - 10:48:59 PDT
Criminals using stolen identities to obtain pandemic relief funds meant for small businesses are laundering millions through major online investment platforms.
Fed’s Waller Says the Central Bank Isn’t Keeping Rates Low to Finance Government DebtMar 29, 2021 - 10:46:06 PDT
The Fed is not keeping monetary policy easy to help the government run up debts and deficits, Waller said.
Debt must be repaid (higher taxes / drag on growth), inflated away (via nominal growth / higher consumer prices) or defaulted on. Under all circumstances it results in debt deflation. It's time to choose our poison.
President Biden's stimulus bill "will cut the number of children in poverty by 40%," so says the NYT. The reality is such a benefit only lasts for one year.
Latest ‘Stimulus’ Plan Could Cost Twice as Much As Expected, Report WarnsMar 29, 2021 - 09:23:23 PDT
The $1.9 trillion estimate assumes that various tax credit programs will be allowed to expire. However, a report by American Enterprise Institute economist Alex Brill concludes that this is highly unlikely—and that if they’re eventually renewed, the bill’s cost could nearly double.
Mar 29, 2021 - 09:13:41 PDT
If we look at the US Personal Consumption Expenditures Core Price Index YoY, “inflation” is a modest 1.41%. However, the largest item for households in typically housing. And housing is…
Mar 29, 2021 - 09:10:51 PDT
The Scream! Out-of-control money printing, dead money velocity and collapsing purchasing power of the dollar. (Bloomberg) — With U.S. equity indexes rising to fresh records aga…
(Limitless Prices In A Supply-constrained World, Median Price Up 38% Than Peak Of Home Price Bubble). Just like The Office’s Dunder-Mifflin, the US housing market is like the ad campaign “Limitless paper in a paperless world.” Except that is “Limitless home prices in a suppl…
Big economic storms are rare and usually end quickly, but they tend to have long-lasting effects. Today I want to talk about a storm 50 years ago that still affects us now. Important things happened in the 1970s.
Biden has more plans for COVID relief, his press secretary revealed Sunday - just weeks after singing $1.9 trillion American Rescue Plan and days before announcing $4 trillion infrastructure plan.
Investment banks Credit Suisse and Nomura said they would incur significant losses after the U.S.-based hedge fund was forced into a fire sale of assets and defaulted on its margin calls.
The so-called Buffett Indicator. Tobin’s Q. The S&P 500’s forward P/E. These and others show the market at stretched levels, sometimes extremely so. Yet many market-watchers argue they can be ignored, because this time really is different. The rationale? Everything from Federal Reserve largesse to vaccines promising a quick recovery.
China’s daily yuan fixing is once again drawing attention. The currency is set for its biggest monthly slide since last March, spurring traders to look closely at the reference rate again to scour for policy signals. A drop in the currency on Thursday to levels last seen in...
Spain's budget deficit spiked to eight-year highs last year after social spending increased and tax revenue plunged due to restrictions imposed to tame the COVID-19 pandemic, but the gap ended below the government's forecast.
That appears to be the plan this morning as everything is being sold amid the Archegos anxiety in a reach for liquidity. Big tech is getting hammered...
That appears to be the plan this morning as everything is being sold amid the Archegos anxiety in a reach for liquidity. Big tech is getting hammered...
The forced liquidation of more than $20 billion in holdings linked to Bill Hwang’s investment firm is drawing attention to the covert financial instruments he used to build large stakes in companies.
The Russian Finance Ministry has given the green light for the Russian National Wealth fund to diversify and invest in gold and other precious metals. According to a report by RT, this is part of a broader move to de-dollarize the wealth fund.
Jerome Powell and Janet Yellen testified jointly before the US Senate last week. Inflation was a big topic of conversation. The Fed chair continued to insist that the central can fight inflation if necessary, but that it really isn't a problem we need to worry about right now. In his podcast, Peter Schiff said the truth is inflation is a problem. And when it comes to dealing with that problem, the Fed is in a box. It will never pick a fight that it can't win.