Precious metals are apparently waking up. And here is where you can find the best deals.
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China must boost military spending to prepare for a possible confrontation with the US, top generals said, in an unusual acknowledgment of the risk of a clash between the world's two largest economies.
The U.S. and China are pursuing divergent economic policies in the aftermath of the coronavirus recession in a role reversal from last time the world economy was recovering from a shock...
The markets seem to think the Fed is going to fight inflation. They believe that the central bank will pivot to tighter monetary policy sooner than expected as inflation heats up, even though Jerome Powell keeps insisting inflation isn't really a problem. In a recent podcast, Peter Schiff said that the truth is the Fed is between a rock and a hard place. It couldn't fight inflation even if it wanted to. Doing so would kill the economy. The only other choice is to surrender to inflation.
Stimulus: American Rescue Plan Creates a Real Tax Headache for the JoblessMar 9, 2021 - 05:16:58 PST
The $1.9 trillion Covid relief bill passed by the Senate waives taxes on unemployment benefits. But that creates an issue for those who want stimulus checks.
Investment Firms, Private Equity Advocacy Group Hire Lobbyists as Lawmakers Target Tax LoopholesMar 9, 2021 - 05:11:40 PST
Democrats in Congress are looking to close the carried interest loophole, for instance. Rep. Bill Pascrell, Jr., D-N.J., a member of the tax-writing House Ways and Means Committee, and Reps. Andy Levin, D-Mich., and Katie Porter, D-Calif., recently introduced legislation that would close the carried interest loophole.
The 10-year Treasury yield fell away from the 1.6% level on Tuesday morning, as the rally in yields appeared to take a pause after a sharp run up that ratted the equity market.
'Significant Long-Term Scarring' in Services Will Limit Pent-up Consumer Demand: Stephen RoachMar 9, 2021 - 05:05:26 PST
Economist Stephen Roach said Monday that Wall Street is overestimating a consumer demand comeback.
The United States oil production suffered its worst annual decline last year ever. Of course, the pandemic shutdowns were a large factor that caused U.S. oil production to contract the most in a single year since 1940, but the peak of shale production was going to happen shortly, regardless of...
Interest in silver and concerns about its price being artificially suppressed by excessive short selling are now at levels never seen before. While those concerns are well-founded, in my opinion, too often the remedy for what to do about it is less clear.
“The gold standard did not collapse. Governments abolished it in order to pave the way for inflation. The whole grim apparatus of oppression and coercion — policemen, customs guards, penal courts, prisons, in some countries even executioners — had to be put into action in order to destroy the gold standard.
The over-indebted, overcapacity global economy an only generate speculative asset bubbles that will implode, destroying the latest round of phantom collateral.
There is a lot at stake beyond the immediacy of the devastating effects of the pandemic. Congress may once again be paving the path to the next financial crisis.
In short: a flattening of the curve is imminent, as are lower 10Y yields... and by extension higher stock prices as this move will likely be viewed (incorrectly) by algos and quants as a disinflationary trade.
Uncle Sam’s latest big handout offers a road map for a U.S. infrastructure bonanza. Senate passage of $2 trillion in economic aid offers hope for new roads, bridges and airport runways. The slim Democratic majority used a parliamentary trick to bypass Republicans, which...
'The prices of commodities are surging. Interest rates on long-term Treasurys, a reliable inflation indicator, have been marching upward. It is against this backdrop that Congress is injecting $1.9T into an economy that has already received more than $4T.'
You haven’t seen a real bear market until you’ve lost 90% of your money.
Last week was something of a watershed moment in the $21 trillion U.S. Treasury market. After a period of relentless selling that pushed longer-term yields to their highest levels in a year, Federal Reserve Chair Jerome Powell had one last opportunity to quell investors’ nerves before the central bank’s self-imposed blackout period.
Recent macroeconomic figures and the accelerating pace of COVID-19 vaccination suggest that optimism about the US economy's prospects is justified. But to avoid snatching defeat from the jaws of victory, policymakers must press ahead with measures to lock in robust, sustainable, and inclusive long-term growth
America's Infrastructure Needs Some Love, but Will Rising Rates Check Spending?Mar 8, 2021 - 10:28:35 PST
The U.S. has been underfunding its roadways for years, resulting in a $786 billion backlog of road and bridge capital needs, the ASCE says.
Mar 8, 2021 - 10:22:20 PST
Since its creation in 1913, The Federal Reserve has helped obliterate the purchasing power of the US Dollar. Now you can see why investors seek out gold, silver, Bitcoin and other sources of protection from The Federal Reserve.