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Gold climbed for a third day as investors weighed the prospects of further U.S. stimulus and the latest reading on inflation. President Joe Biden plans to sign his $1.9 trillion Covid-19 relief bill on Friday after it cleared its final congressional hurdle. Still, the partisan divide over the bill foreshadows the difficulty Biden will have in enacting the multi-trillion dollar,...
U.S. Unemployment System Fell Short in Early Days of the Pandemic. It Could Buckle AgainMar 11, 2021 - 05:43:28 PST
State and federal officials shored up the piping to deliver unemployment benefits over the past year. But structural problems mean it's still vulnerable.
There Are Still More Than 20 Million Americans Getting Government Jobless BenefitsMar 11, 2021 - 05:41:43 PST
However, the total number of Americans 'on the dole' surged back above 20 million...
ECB President Christine Lagarde surprised markets with a more dovish than expected promise to accelerate the pace of its bond buying over the next three months in response to the eurozone’s rising borrowing costs and faltering economic recovery.
U.S. Budget Deficit Hits $1 Trillion With More Massive Stimulus Set To Hike Up SpendingMar 11, 2021 - 05:34:29 PST
President Joe Biden is set to sign his $1.9 trillion stimulus plan on Friday, a move that's sure to kick spending–and borrowing–into overdrive after $5 trillion in stimulus spending last year helped tack on nearly $6 trillion to the nation's federal debt.
With the Stimulus bill Passed, Biden to Stake His Presidency on the $2 Trillion Infrastructure BillMar 11, 2021 - 05:19:56 PST
During the campaign, Biden pitched a $2 trillion plan that aims to achieve carbon-free power generation by 2035 and creates “millions” of union jobs.
The European Central Bank signalled faster money-printing on Thursday to keep a lid on euro zone borrowing costs but stopped short of adding firepower to its already aggressive pandemic-fighting package.
Treasury Yield Trend Suggests No Relief from Higher Rates, Backs up Inflation JittersMar 11, 2021 - 05:13:25 PST
The Economic Cycle Research Institute's Lakshman Achuthan uses a special chart of the 10-year Treasury note yield to build his inflation case.
U.S. Treasury yields fell on Thursday morning after the House of Representatives passed the $1.9 trillion stimulus bill.
States Lift COVID Restrictions, Drop Mask Mandates and Reopen Businesses despite Warnings from BidenMar 11, 2021 - 05:06:39 PST
More states are moving to significantly reopen their economies and terminate their mask mandates as cases drop and more vaccines come online.
The U.S. is recording at least 56,200 new Covid-19 cases and at least 1,430 virus-related deaths each day, based on a seven-day average of JHU data.
In one of the most important discoveries I have made from my research, I provide the "Missing Link" to the Roman Empire's collapse by peak silver production. The Ancient Roman Empire financed its growth by the tremendous amount of silver extracted from Spanish ore. However, when silver...
Gold prices moved higher rebounding for a second consecutive trading session. Gold prices were able to gain traction as the dollar moved lower and US treasury yields eased.
On the fourteenth of October 2020, Antal E. Fekete, the Hungarian-Canadian economist who saw himself as a monetary theorist following the tradition of Carl Menger, died in Budapest. Behind him was an eventful and fruitful life which was quite typical of the crazy last century.
According to the Congressional Budget Office (CBO), 2021 will be the second year in a row in which the federal debt exceeds Gross Domestic Product (GDP). CBO also projected that this year’s federal deficit will be 2.3 trillion dollars, which is 900 billion dollars less than last year. However, CBO’s projections do not include the 1.9 trillion dollars “stimulus” bil...
hey tell us it will be better next year, but they they have been telling us that for most of this century. They also promised us that things wouldn’t get worse; but they did.
Treasury Secretary Yellen told us when she was still Board Chair at the Federal Reserve that “another financial crisis is unlikely in our lifetime because of the measures the Fed has taken”.
The "wait and see" economy is about to face its moment of truth, and one truth is the $1.8 trillion being passed out like candy is already spent.
In this article, we dissect Operation Twist. We also look back at Operation Twist 2.0 circa 2011/12 and assess its effectiveness and how it impacted various asset classes.
Biden is expected to sign the Covid relief bill, which incudes jobless aid, direct payments and vaccine distribution money, by this weekend.
What follows is a comprehensive and mercifully succinct summary of Alexander's views covering every global region, and justifying why Nomura believes a tidal wave of inflation is about to be unleashed: