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Commodities Are Soaring 25%: That's Consistent With Headline Inflation Of Almost 4% Feb 17, 2021 - 08:53:38 PST
Crescat's Tavi Costa points out something remarkable which many may have missed amid the short squeeze and "growth" stock frenzy: oil, that "value" age relic, has had its best YTD performance in 30 years. As Costa puts it "commodities are leading the way and the inflationary thesis keeps building up"
"Governments are fond of dictating maximum prices and minimum wages. To the economically ignorant, these policies appear humane and worthwhile. But when examined through the lens of economics, these policies are clearly revealed to be harmful to the very persons they are ostensibly meant to...
Who Bought $4.5 Trillion Added in One Year to the Incredibly Spiking USDebt, Now at $27.9 Trillion?Feb 17, 2021 - 08:29:58 PST
Someone had to buy every dollar of this monstrous debt. Here’s Who. The Fed isn’t the only one. But China continues to unwind its holdings.
The last time grains were this expensive was after the U.S. drought of 2012, and meat prices saw a dramatic run-up. Now, meat is again poised to become a driver of global food inflation, and part of the intensifying debate over the path of overall inflation and exactly what central banks and policymakers should do to aid economies still working to recover from the pandemic.
Insiders at Covid-19 Vaccine Makers Sold Nearly $500 Million of Stock Last Year: WSJFeb 17, 2021 - 08:06:16 PST
Executives and directors at Pfizer, Moderna and other companies developing Covid-19 vaccines sold approximately $496 million of stock last year, reaping rewards of positive vaccine developments.
Europe is getting left in the dust like never before by the reflation frenzy across the Atlantic.Rising energy costs are driving yields on Treasuries and German bunds higher, yet market proxies for inflation expectations in the U.S. are outpacing those in the euro area by the most in over a decade...
The Swiss National Bank should raise its inflation target and consider using its exchange rate rather than its benchmark interest rate as its main tool, according to a group of economists.
U.S. stocks fell Wednesday as investors weighed signs of an improving economy against concerns about lofty stock valuations and rising inflation expectations.
Feb 17, 2021 - 07:27:26 PST
Yellen on Tuesday also stressed shared priorities including ending the pandemic, supporting the global recovery and “forcefully” addressing climate change, in addition to “deepening transatlantic cooperation” on issues of mutual interest, the Treasury said.
U.S. Treasuries are in for more wild gyrations, with volatility markets signaling that the benchmark bond yield could surge or drop by almost 30 basis points in the next three months. The three-month implied volatility on 10-year swap rates -- a measure of how much bonds are expected to move -- jumped by the most since March on Tuesday...
A 10% pullback in U.S. shares seems “very plausible” with markets balanced on a risk-reward basis, according to Citigroup Inc.’s Tobias Levkovich. “Our current caution reflects several factors, including ebullient sentiment readings, stretched valuation levels and slipping earnings revision momentum,” the bank’s chief U.S. equity strategist wrote...
Joe Biden said the US economy would come “roaring back” if Congress approved his $1.9 trillion fiscal stimulus plan, as he pledged to deliver widespread coronavirus vaccinations and a stronger recovery in the second half of the year.
The speed of the deterioration of private balance sheets — caused by an economic shutdown that is both inevitable and desirable — must be met by equal speed in deploying government balance sheets, mobilising banks and, as Europeans, supporting each other in the pursuit of what is evidently a common cause.
Why buy gold?The Relevance of Gold as a Strategic Asset report released by the World Gold Council offers four reasons to add gold to your portfolio.
Gold prices fell on Wednesday to their lowest in nearly two weeks as the dollar firmed and U.S. Treasury yields rose.
West Texas Intermediate oil prices rose 2% in morning trade, while gasoline futures were up nearly 3%.
San Francisco Federal Reserve President Mary Daly on Tuesday pushed back against critics warning low interest rates and government spending could overheat the U.S. economy and spark high inflation.
Retail Sales Surge 5.3% in January vs. 1.2% Estimate As Consumers Spent Their Stimulus CheckssFeb 17, 2021 - 05:36:38 PST
A month after Congress approved a $900 billion additional stimulus package on top of the $2.2 trillion approved earlier in 2020, shoppers were armed with $600 checks they used to buy a variety of goods.
The bond market is getting clobbered. Long-term interest rates are rising and that is putting significant pressure on gold. Peter Schiff talked about rising rates and the gold market in a recent podcast. He said the rise in long-term yields is a function of inflation and people seem to forget that inflation is good for gold.
Tax Season Has Started. Many Still Wonder Where Their $600 Stimulus Check IsFeb 17, 2021 - 05:28:51 PST
The IRS has announced that all stimulus payments have been sent. For those still waiting for the money, there are several steps they can take.