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Debt-Laden World, Rising Bond Yields – A Toxic Taper Tantrum Combo: AnalysisFeb 18, 2021 - 07:29:19 PST
In May 2013, bond investors threw a tantrum after hints the U.S. Federal Reserve might slow the money-printing presses. A similar selloff now, with another $70 trillion added to global debt, could prove to be far more vicious.
The so-called 'bond rout' has resumed this morning after a brief hiatus yesterday with 10Y Yield back above 1.30%...
In plain English, the SLV sponsor is candidly admitting that there may not be enough silver to support the issuance of new ETF shares, in which case, new share issuance may be suspended.
We Were ‘Dangerously Close’ to Collapse of ‘Entire System,’ Says Interactive Brokers Founder: MWFeb 18, 2021 - 07:20:17 PST
Thomas Peterffy, founder and chairman of Interactive Brokers Group Inc., on Wednesday explained the dire situation in which the market stood in late January...
U.S. home-construction starts fell in January for the first time in five months, signaling that rising residential real estate prices may be constraining buyer demand.
Fed's Brained: Climate Change Already Affecting Economy, Financial System: WSJFeb 18, 2021 - 06:57:06 PST
Federal Reserve governor Lael Brainard’s speech reaffirmed that the central bank largely sees its climate change role as part of its oversight of financial firms.
A deadly winter storm that severely strained power facilities in Texas and left millions in the cold and dark for days is moving to the mid-Atlantic and Northeast. Follow here for the latest forecasts and live updates.
Here We Go Again: Zoltan Warns Repo Market On Verge Of Major Shock As Key Funding Rate Turns NegativeFeb 18, 2021 - 05:50:34 PST
Two weeks ago, when discussing the imminent avalanche of cash set to be unleashed by the Treasury - as a tsunami of $800BN in extra liquidity hits markets over the next 6 weeks, and a total of $1.1 trillion in the next 10 weeks - we said that "nobody was paying attention" to this coming flood of liquidity.
Federal Reserve staff members gave a potentially more worrisome assessment of the risks to financial stability in the central bank’s policy meeting last month than the one presented publicly by Chair Jerome Powell.
New claims totaled 861,000, the highest level in a month and above the Dow Jones estimate of 773,000, the Labor Department reported Thursday.
Walmart Shares Fall on Earnings Miss, Retailer Sees Sales Growth Slowing in Coming YearFeb 18, 2021 - 05:35:11 PST
The big-box retailer's fourth-quarter earnings missed Wall Street's expectations, as it tries to turn pandemic gains into sustained momentum.
The EU Says It’s Going to Get Tough on Trade — And That Could Have Ramifications for U.S., ChinaFeb 18, 2021 - 05:29:27 PST
The EU will take a new approach to international trade, recognizing that it's time to stand up for itself after challenging times with countries like the U.S.
Interest Rates Will Continue to Rise, but Don’t Blame It All on Inflation, Economists SayFeb 18, 2021 - 05:24:09 PST
The 10-year Treasury yield, which impacts mortgages and other loans, rose to 1.33% early Wednesday morning and could go as high as 1.5% in the near term.
Democrat’s Bill Would Give the IRS More Money to Audit Millionaires, CorporationsFeb 18, 2021 - 05:21:54 PST
Rep. Ro Khanna, Silicon Valley's lawmaker, floated a bill aimed at boosting audits at the IRS ahead of testimony on wild GameStop trading.
Cutting China Off from the U.S. Would Cost America Hundreds of Billions of Dollars, Report SaysFeb 18, 2021 - 05:20:34 PST
A new report from the U.S. Chamber of Commerce and Rhodium Group lays out the enormous price of a potential separation of the Chinese and U.S. economies.
Low- and middle-income households may face tax refund delays and higher costs for tax services this year after a late start and new stimulus provisions complicate the filing season.
The yield on the benchmark 10-year Treasury note fell to 1.286% at 3:45 a.m. ET, while the yield on the 30-year Treasury bond dipped to 2.056%. Yields move inversely to prices.
COVID Updates: The U.S. Continues to See a Decline in New COVID-19 CasesFeb 18, 2021 - 05:11:00 PST
The U.S. continues to see a decline in new Covid-19 cases as the Biden administration works to increase the number of Covid vaccine doses shipped to states and retail pharmacies.
Last week, Federal Reserve Chairman Jerome Powell called for a "society-wide" commitment to reaching full employment. As Peter Schiff put it, Powell basically handed the US government a blank check in order to achieve this "maximum employment goal." We're told we shouldn't even worry about the massive deficit spending and additional debt this will incur. It's all hands on deck and everybody needs to sacrifice. But what exactly does the Fed mean by "maximum employment?" What are we to sacrifice for?Nobody knows. Not even the Fed.
Talk of hiking the minimum wage at the national level has ramped up in recent weeks. With the Democrats controlling the House and the Senate, and Joe Biden in the White House, it seems increasingly likely that we’ll soon see a federal $15 per hour minimum.In other words, it may soon be illegal to take a job that pays less than $15 an hour.