Precious metals are apparently waking up. And here is where you can find the best deals.
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I will stress this: We have never been in a position where the Long End Of The Curve Dictates Asset Prices Because The Fed Has Stressed That Rates At Zero Until All The People Suffering From The Covid Economy Through No Fault Of Their Own Have Been Returned To The Job Market. Enjoy the podcast.
The Bank of Japan slightly loosened its grip on long-term interest rates on Friday and laid the groundwork to taper its huge asset purchases, as part of steps to make its stimulus sustainable enough to weather a prolonged battle to fire up inflation.
Nobel Laureate economist Paul Krugman rejected the threat of inflation getting out of control -- like it did in the 1970s -- as a result of President Joe Biden’s $1.9 trillion pandemic-relief bill. “It took really more than a decade of screwing things up -- year after year -- to get to that pass, and I don’t think we’re going to do that again,” Krugman said of the inflation...
"As Long As It Takes": Powell Writes WSJ Op-Ed, Says Recovery Far From CompleteMar 19, 2021 - 07:54:25 PDT
The jury is clearly out on Powell's optimism, which will require not only a market and economy-crushing taper but painful rate hikes before it can be consummated...
Jerome Powell has a goal that is bigger than the bond market’s near term inflation concern. In perhaps his most forthright press conference since taking the helm of the central bank three years ago, the Federal Reserve chair this week laid out three critical messages for investors who have been propelling bond yields higher on the bet inflation would eventually ...
After futures led another bruising selloff in Treasuries on Thursday, the evidence is mounting that a big short position is responsible. Open interest in 10-year notes surged by almost 150,000 contracts, according to preliminary data, the equivalent of $14 billion in the cash bonds.
Dealers aren’t hanging around to find out whether regulatory exemptions that benefit the $21 trillion Treasury market will expire or not at the end of this month -- they are exiting it en masse.
The Federal Reserve said it will not extend a pandemic-era rule that had allowed banks to relax capital levels.
We just celebrated St. Patrick Day and that got me thinking about Leprechauns - specifically their pots of gold. I mean, what is a Leprechaun anyway? And how in the heck did they get gold? I'd like to have a pot of gold. Maybe I could get some tips from them.Now you would think with a name like Maharrey I would be up on my Irish lore. But alas, not so much. Fortunately, we have Google.
Gold futures edged higher Friday as U.S. Treasury yields backed off after a spike in the previous session, with the yellow metal underpinned by inflation worries and jitters about Thursday’s slump in equities.
SPACs are hot, the IPO market is hot, credit markets are hot, commodities are hot, the crypto markets are hot. Everything is hot – only the Consumer Price Index is cold. And that is all that matters for the Fed.
It’s becoming clearer which parts of China’s corporate sector are most at risk of credit-market stress as Beijing pulls back liquidity: property firms, local government financing vehicles and energy producers.
Mar 19, 2021 - 05:32:03 PDT
Investors would face a 0.1% tax on each sale of stocks, bonds and derivatives under a Democrat-led proposal aimed at curbing risky trading behaviors. The new tax would apply to the fair market value of stocks and bonds, and to payment flows under derivatives contracts.
Ray Dalio, founder of Bridgewater Associates, said rising inflation could force the Federal Reserve to raise rates earlier than anticipated. “Think of the economy as being like an individual and their pulse is dropping,” Dalio said in an interview with David Westin on Bloomberg TV. “When the pulse is dropping the doctors come running in with the stimulant ...
The Federal Reserve held its March FOMC meeting this week. There were no changes in monetary policy, but there was plenty of talk. The question is does anybody really believe what the Fed is saying? SchiffGold Friday Gold Wrap podcast says the mainstream doesn't seem to believe the Fed. And he doesn't either. But for very different reasons.
The U.S. Will Spend Billions in Stimulus to Tackle Child Poverty—Still Puny by Global StandardsMar 19, 2021 - 05:22:56 PDT
The American Rescue Plan earmarks billions to lift American families and children out of poverty. By OECD standards, it's still pretty stingy.
Here Are the Highlights from the Heated Exchange between the U.S. and China in AlaskaMar 19, 2021 - 05:18:48 PDT
U.S.-China talks in Alaska got off to a rough start, with both sides chiding and reprimanding each other in an unusual public display of tensions.
European markets pulled back Friday after a spike in bond yields reignited concerns about stock valuations and prompted a sell-off on Wall Street.
The 10-year U.S. Treasury yield retreated on Friday morning, having spiked to a 14-month high in the previous session, but remained above 1.68%.
The Bond Market Rebels as It Adjusts to the Federal Reserve’s Inflation PolicyMar 19, 2021 - 05:10:20 PDT
The Fed unwittingly launched a bond market rebellion, sending the key interest rate that influences mortgages and other loans sharply higher.