Precious metals are apparently waking up. And here is where you can find the best deals.
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BOJ’s Kuroda Says Stock Boom Reflects Economic Optimism, Defends ETF SchemeFeb 16, 2021 - 10:51:08 PST
Bank of Japan Governor Haruhiko Kuroda said on Tuesday the recent stock price rally reflected market optimism over the global economic outlook, brushing aside views its ultra-loose monetary policy was fuelling an asset price bubble.
U.S. investors return Tuesday from the Presidents’ Day holiday to find the reflation trade in full force and global bond markets in retreat. How bad can it get for fixed-income investors, and where can they find solace? It’s the worst start to a year for the Bloomberg Barclays Global Aggregate Index since 2013.
And dividing the future responsible for paying/servicing that debt (annual births) vs. the sins of the past that will be their lifelong yoke. Looking more like Bitcoin or what gold/silver would look like if their paper versions weren't being rehypothecated even faster than currency dilution. At some point, young will refuse to carry that weight any longer (and the $ will likely suddenly, violently become worthless in terms of fixed quantities of things like physical gold/silver).
EU Supports More Funds for IMF, Extension of Debt Relief for Poor CountriesFeb 16, 2021 - 10:30:31 PST
European Union finance ministers on Tuesday backed the idea of boosting IMF funding and extending debt relief for the poorest countries to help the global fight against the COVID-19 crisis.
Fed’s George: Pandemic Changes in Housing, Work Patterns Could Stress Real Estate MarketsFeb 16, 2021 - 09:47:08 PST
The United States could face financial stress even as the pandemic eases if homeowners and businesses fall behind on mortgages and business leases while the economy recovers, Kansas City Federal Reserve President Esther George said on Tuesday.
Hardship is spreading through the U.S. health-care system, with costs of treating Covid-19 patients climbing while more profitable procedures are limited. A total of 22 large health-care related companies filed for bankruptcy in 2020, according to data compiled by Bloomberg.
The following chart shows household mortgage debt as a % of GDP. Although mortgage debt has been increasing for years, the last four years have seen a tremendous increase in debt. Last year alone mortgage debt increased close to $800 Billion - almost 7% of GDP. ...
Big U.S. Banks’ Government-Backed MBS Holdings Hit Record High: BloombergFeb 16, 2021 - 09:28:40 PST
Across all banks in the U.S., total assets fell by 0.3% to $20.6 trillion in the week ended Feb. 3, according to the Fed.
Feb 16, 2021 - 09:22:55 PST
The dollar has been sliding since the second quarter of 2020 as the Federal Reserve cut interest rates to a record low and spiraling coronavirus infections pummeled the U.S. economy. The euro has begun a swoon of its own in recent weeks...
Not only is the facility a legally questionable moral hazard, it is also nothing but an asset prices support system that keeps zombie corporations alive.
'If the strategy fails, ending in overheating, high inflation, financial instability and the economics of the 1970s, the US experiment of 2021 will go down as one of the biggest own goals of economic policymaking.'
Fed’s Bullard Doesn’t See Asset Bubble and Doubts Policy Will Tighten SoonFeb 16, 2021 - 08:40:56 PST
Bullard told CNBC that there aren't clear signs of excesses, though he conceded that stocks are "highly valued on the whole."
Bulk of Jobless Claims Are Due to Repeat Pandemic Layoffs, Say ResearchersFeb 16, 2021 - 08:36:35 PST
Repeat layoffs are playing out alongside near-record long-term unemployment, a continuous spell of joblessness for at least six months.
Global investors are the least fearful they’ve been in two decades, and perhaps the most greedy. A JPMorgan Chase & Co. gauge of cross-asset complacency based on valuations, positioning and price momentum is nearing the highest level since the time the dot-com bubble burst...
Cast a gaze across global bond markets and it’s a sea of calm. Yields are close to record lows, volatility is nowhere to be seen and central banks are still ploughing trillions of dollars into the economy to help foster a recovery. But even in this new post-pandemic world, investors risk getting caught wrong footed. The International Monetary Fund’s chief...
Mario Draghi, former president of the European Central Bank, has every chance of shaping Europe as the new Italian prime minister. But he will depend on an electoral timetable outside his control and on a range of temporarily tamed political parties that could later turn against him. Political bickering has already begun and Draghi will soon be given the chance to prove his mettle.
It's no secret that BofA's Chief Investment Officer has been warning that 2021 - the year of the vaccine - is one where real inflation (as opposed to financial) will run amok sooner or later, and in his latest Flow Show he repeats his two main contentions about how events will play out in the coming months, namely "the velocity of people will rise" and "the velocity of money will (also) rise".
The U.S. dollar bounced off three-week lows on Tuesday as bullish comments from a U.S. Federal Reserve official and upbeat manufacturing data helped arouse investor risk appetite.
Feb 16, 2021 - 07:34:08 PST
Currency devaluations are therefore associated with increased inflation rates, and increased inflation rates are associated with slower rates of GDP per capita growth. So if you want to slow the rate of growth in per capita GDP (read: prosperity), currency devaluations will do the trick.
On April 3, 1948, when Europe and Japan were still smoldering from the devastating effects of World War II, the United States government passed a massive stimulus bill that became known as the…