Precious metals are apparently waking up. And here is where you can find the best deals.
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the international debate has been strangely US-centric. Few people have yet considered the particular inflationary dangers that lurk in the eurozone, where the monetary base has risen in recent years to a much higher level than in the US, relative to annual economic output.
In a recent interview, I referred to the Fed as a disgusting institution. I want to explain why I believe that to be the case, as I do not like to disparage anyone or any entity indiscriminately or capriciously—only when absolutely necessary. To be clear, central bankers may not be nefarious in nature, but their product is iniquitous.
President Joe Biden and congressional Democrats want to raise taxes on the rich to pay for legislative priorities. Here's what they've proposed.
Should we be concerned about higher inflation after the pandemic?
Watch Yellen and Powell Testify Live Before House Panel on COVID Aid, 12:Noon ET 3/23/21Mar 23, 2021 - 09:06:27 PDT
The hearing focuses on how CARES money has been allocated and the economic progress made under the program.
Powell Is Correct That Distorting Yield Curve Would Be Potentially Dangerous: Charles PlosserMar 23, 2021 - 08:27:53 PDT
Charles Plosser, former Federal Reserve Bank of Philadelphia president and CEO and visiting fellow at the Hoover Institution, joins 'Squawk on the Street' to discuss what he expects to hear from Treasury Secretary Janet Yellen and Federal Reserve chair Jerome Powell's testimonies.
The impact should only spread from there. Which is why this jump in inflation won’t be transient as the Fed hopes. Every manufacturer with tight margins will be forced to raise and maintain higher prices. So get ready for some serious sticker shock very soon.
A Microsoft study finds 41% of workers may quit this year. The big complaint is being overworked.
Everyone Knows the Housing Market Craziness Can’t Last, then the First Dip Turns into a Big DropMar 23, 2021 - 08:05:22 PDT
Now they’re wondering why.
The U.S. current account deficit raced to a 12-year high in 2020 as the COVID-19 pandemic severely disrupted the flow of goods and services.
Following the unexpected tumble in existing home sales, new home sales have crashed in February. Against expectations of a 5.7% MoM drop, sales collapsed 18.2% - worse than at the peak of the crisis last year and the worst MoM drop since 2013
Mar 23, 2021 - 06:54:22 PDT
The Fed's problem is that while they may not be hiking rates, the bond market is doing it for them. Given the Fed's actions are what causes rates to rise, by shifting risk preference, the result is a deflationary crash requiring more interventions and lower rates.
Dallas Federal Reserve President Robert Kaplan told CNBC he likely will favor an interest rate increase before the end of 2022.
Gold prices were little changed on Tuesday as investors awaited comments on U.S. economic health from Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen.
The US economy's accelerating recovery is helping the value of the dollar rise which is having a negative impact on crypto prices.
Central banks do not manage risk, they disguise it. You know you live in a bubble when a small bounce in sovereign bond yields generates an immediate panic reaction from central banks trying to prevent those yields from rising further. It is particularly more evident when the alleged soar in yields comes after years of artificially depressing them with negative rates and asset purchases.
President Joe Biden will be briefed by advisers this week on infrastructure, climate and jobs proposals being considered by the White House that could collectively cost as much as $4 trillion, according to people familiar with discussions.
Treasury Secretary Janet Yellen & Federal Reserve Chair Jerome Powell will enter a heatedly partisan arena on Tuesday to kick off two days of congressional hearings assessing the economic policy response to the Covid-19 crisis.Less than two weeks after President Joe Biden signed a $1.9 trillion pandemic relief bill that failed to win a single Republican vote...
With Treasuries engulfed in their first bear market since 1981, dip buyers are finally starting to nibble. A bid for bonds pressured benchmark 10-year Treasury yields lower on Monday, fresh off the maturity’s seventh-straight week of rising yields amid building inflation expectations.
Loans and leases slipped to 49.7% of total assets, the lowest reading in data going back to 1973 .Home loans, as a share of total assets, fell to another all-time low