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It Took 25 Years for Stocks to Recover ‘Inflation Losses’ from the 1970sMar 16, 2021 - 06:55:17 PDT
The ink isn’t even dry on the $1.9 trillion ‘Covid stimulus’ bill that was signed last Thursday in the Land of the Free. Yet they’re already talking about another “big, bold” spending package.
Central-bank interest remains strong in maintaining gold as part of their reserves, said Eugen Weinberg, analyst at Commerzbank, in a note.
Global debt hit a record US$281 trillion by the end of 2020. For many countries in increasingly dire straits, it’s a case of can’t pay, won’t pay. For the person in the street, this could mean higher taxes and greater austerity as governments are forced into spending cuts to balance the books.
The world’s most powerful central bank was throwing solutions at the markets as rapidly as it could, and it wasn’t enough. “The financial system remains vulnerable” to a repeat of last March’s sweeping disaster as “the underlying structures and mechanisms that gave rise to the turmoil are still in place,”...
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Senate Majority Leader Chuck Schumer, D-N.Y., on Monday renewed calls for President Biden to cancel $50,000 worth of student loan debt just days after the president signed the $1.9 trillion American Rescue Plan into law.
In its weekly publication, the European Central Bank (ECB) announced that it bought a net €19.303 billion of assets in the week to March 12 as part of its quantitative easing programme, compared to €17.068 billion in the previous week. This development didn't allow the shared currency to stage a rebound against the greenback.
Poland's gold-buying spree isn't over.In 2018, the National Bank of Poland began aggressively adding gold to its reserves. Through the first half of 2019, the Polish central bank added more than 100 tons of gold, nearly doubling its reserves.
The Bank of Japan will this week unveil the results of its biggest policy review since 2016 as the central bank grapples with the consequences of a monetary stimulus that has gone on for longer than anybody imagined.
A surge in bond yields, fears about rising inflation and a jump-forward in interest rate expectations will be top of mind for investors at this week's Federal Reserve policy meeting.
A Year Since Black Monday 2 and a Round Trip for Markets, Thanks to Huge Central Bank SupportMar 16, 2021 - 05:28:36 PDT
On March 16, 2020, when the S&P 500 endured its worst one-day fall since the “Black Monday” of October 1987, MSCI’s global equity index plunged almost 10%, only to rise back thanks to huge central bank support.
Blackjack's Rick Rieder Says the 10-Year Yield Could Hit 2% Later This Year: CNBC ProMar 16, 2021 - 05:20:07 PDT
BlackRock's Rick Rieder says long-end rates could keep rising, and the Fed could raise short-end rates next year, sooner than expected.
10-year Treasury yield climbs slightly, remains above 1.6% ahead of Fed meetingMar 16, 2021 - 05:15:36 PDT
The yield on the benchmark 10-year Treasury note rose to 1.607% at 5 a.m. ET. The yield on the 30-year Treasury bond fell to 2.357%. Yields move inversely to prices.
With the economy about to boom, the Fed’s easy policies will be in the spotlight Wednesday when Fed Chairman Jerome Powell speaks to the press after the Fed’s two-day meeting.
What is the ballooning trade deficit telling us about the US economy? Peter Schiff recently appeared on NTD News to talk about it. He said the US has never been worse on trade and it is a sign that we don't have a recovering economy. In fact, we have a phony economy in danger of collapse.
COVID Live Updates: Moderna Testing Vaccine in Kids; More EU Countries Suspend Astrazeneca VaccineMar 16, 2021 - 05:06:14 PDT
The U.S. is recording at least 55,300 new Covid-19 cases and at least 1,300 virus-related deaths each day, based on a seven-day average using JHU data.
Gold climbed Monday, with a decline in Treasury note yields helping prices settle at their highest in almost two weeks, as investors await the outcome of Federal Reserve's meeting this week for cues on the precious metal's next move.
Here are the presentation slides to accompany our Crescat Gets Activist on Gold
We have seen a tremendous anomaly in the gold market since the high was made at $2089. Even with that high, it did not seem to reach its natural mean based on the crisis in March, when gold became a currency again. Gold shot up plus $600. We don’t think that is the only major action we are going to see in gold and silver.
When I started predicting inflation last year after the Covid crash, the general consensus was that the world was in for deflation as an economic crisis would cause a collapse in demand which would start a vicious cycle of falling prices. In that model cash is king.
Critics of ultra-low interest rates keep waiting for a correction that might not come. Far from being an anomaly, near-zero borrowing costs may be the historical norm and a product of powerful forces at work for the past 800 years.