Precious metals are apparently waking up. And here is where you can find the best deals.
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Mar 2, 2021 - 12:54:39 PST
Any CFTC or DOJ investigation will likely include close scrutiny of communications by retail traders for potential “coordinated-trading” price manipulation. Ultimately, however, the authorities may be more inclined to focus upon institutional traders who traded silver in a manner intended to influence prices, and in particular on traders who sold in order to defend lower prices against the increased retail buying interest.
Deutsche Bank: Central Banks Simply Can't Afford Higher Rates With Global Debt So HighMar 2, 2021 - 12:30:43 PST
Having said all this, there is little doubt in my mind that central banks will eventually lean quite hard against a sustained rise in yields. They simply can’t afford to see it happen with debt so high.
If zero interest policies and other forms of financial repression were not hard enough on the average person, wait till they're followed by stagflation.
In a research note late Sunday, Goldman Sachs’ analysts said they expect the proposal will be worth at least $2 trillion—and potentially even double that—over the next 10 years based on previous proposals and estimates of how much investment will be necessary to shore up U.S. infrastructure.
Senators Calling for Continued Financial Relief Through the Economic Recovery for Families: UpdateMar 2, 2021 - 10:56:14 PST
As Congress works on getting new coronavirus relief to Americans, one group of senators is calling for continued financial relief through the economic recovery.
This combination of higher supply of Treasuries and lower supply of TIPS is likely to have contributed to the higher measured inflation risk premium.
Some economists and market participants believe the Federal Reserve needs to speak more directly to a bond market that has seen yields surge amid uncertainty about the monetary policy outlook.
Take the Federal Reserve. The new framework is not only more tolerant of inflation above 2%, but also focuses on a broad and comprehensive definition of employment. Lael Brainard, one of the FOMC’s most acclaimed members, Said last week Central banks focus on a much broader set of indicators than the standard U3 rates that economists tend to rely on.
China Warns 'Side Effects' of Us Economic Stimulus Risk Causing Sharp Market CorrectionMar 2, 2021 - 10:07:59 PST
The "side effects" of aggressive economic stimulus policies in the United States and other developed countries have started to surface in the US stock market, China's top financial regulator warned on Tuesday, saying officials in Beijing were "very worried" that foreign asset bubbles could burst soon.
Technically Speaking: Topping Patterns Popping Up Everywhere: Lance RobertsMar 2, 2021 - 09:44:40 PST
As we analyzed last week's selloff, we saw a worrisome pattern popping up across various markets which have previously led to bigger declines.
This Index, Designed to Track the Pandemic Recovery, Shows How Hard...
Mar 2, 2021 - 09:34:36 PST
Framing lumber prices are soaring as are foodstuff prices. This headline: “Soaring lumber prices add $24,000 to new house price since April”. And my favorite headline: “U.S. Homebuilders Urge Biden to Help Ease Sky-High Lumber Costs.” We can see where rising lumber costs and foodstuff prices soared after The Fed’s massive expansion of their balance sheet to fight Covid.
Last month, Fed Chair Jerome Powell calculated the unemployment rate at 10%. A reader wants to know how Powell made that determination.
11 Senate Democrats Push Biden to Include Recurring Checks, Jobless Aid in Next Big BillMar 2, 2021 - 08:50:59 PST
A group of Democrats want sustained direct stimulus checks and unemployment support tied to economic conditions in President Biden's recovery plan.
Democrats are shelving their plans for a $15 federal minimum wage for now. The current minimum, $7.25, isn't a living wage for full-time workers in any state.
We're Going to Be Dealing with the Most Serious Incipient Inflation Problem in Forty Years : SummersMar 2, 2021 - 08:07:41 PST
"We're going to be dealing with the most serious incipient inflation problem that we have faced in the last 40 years," says former Treasury secretary @LHSummers
Central banks are stuck with the wrong assets they bought during quantitative easing...
The dollar was up for a fourth consecutive day on Tuesday, after a recent spike in bond yields challenged the market consensus for dollar weakness in 2021, but riskier currencies rose as bond markets calmed and stocks recovered.
The Federal Reserve is intensifying its scrutiny of banks’ efforts to shed their reliance on the London interbank offered rate, and has begun compiling more detailed evidence on their progress, according to multiple people with knowledge of the matter.
U.S. bank Wells Fargo said it has expanded its precious metals trading business, filling gaps in the market left by the withdrawal of Bank of Nova Scotia (Scotiabank). Scotiabank was for years the biggest global lender to the physical precious metals industry. It decided in 2018 to downsize and last year to exit the sector.