Precious metals are apparently waking up. And here is where you can find the best deals.
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Feb 11, 2021 - 09:42:38 PST
The debate is hotting up: The debate about whether high inflation will emerge out of the pandemic is becoming more pressing. In January underlying prices in the euro zone rose at their fastest pace for five years.
Protect your savings with gold, silver, inflation-linked instruments and stocks in sectors that do not suffer from negative rates.
Fed Chairman Jerome Powell on Wednesday said he doesn't see an outbreak of inflation and pressed lawmakers and business leaders to focus on job creation.
The Fed has truly lost it. It does not have any idea how to measure inflation and is ignoring bubbles with a misguided focus on the CPI rather than inflation.Powell accurately concludes the unemployment rate is understated but misses the equally obvious fact that inflation is understated as well.
Dollar’s Purchasing Power Drops to Record Low, Despite Aggressive “Hedonic Quality Adjustments”Feb 11, 2021 - 08:35:16 PST
Spiking prices for new and used vehicles under the microscope.
I’ve said the U.S. is caught in a debt death trap. Monetary policy won’t get us out because the velocity of money, the rate at which money changes hands, is dropping. Printing more money alone will not change that.
Federal Reserve Chairman Jerome Powell takes questions at the Economic Club of New York about the U.S. economy and his economic outlook.
Inflation Data Reduce Obstacles to Stimulus But Amplify Risks, El-Erian: BloombergFeb 11, 2021 - 07:43:43 PST
The bigger disconnect between Main Street and Wall Street raises the possibility of financial instability and policy complications.
Two days after Dylan Grice published an article "The Stage is Set for a Bull Market in Oil", with various commodities around the world soaring, and the price of oil up a stunning 64% since November, today Marko Kolanovic made a bold prediction - that the world has entered a new commodity super cycle:..
Dear Mr. Musk, We regret to inform you that due to the counterparty risks of our bullion ETF, the fund’s NAV (Net Asset Value) does not currently match the spot price of gold.
he astonishing rise of cryptocurrencies, including red-hot Bitcoin, just handed one of the world’s leading gold miners one more reason to urge investors to buy the age-old haven that is bullion.“If you’re into cryptos, you want to consider having some gold,” Newcrest Mining Ltd. Chief Executive Officer Sandeep Biswas...
ECB’s Lagarde Says Central Banks Holding Bitcoin Is ‘Out of the Question’Feb 11, 2021 - 07:16:30 PST
Lagarde has long derided Bitcoin, which has surged at a time when the ECB prints huge amounts of liquidity in an attempt to shore up its financial jurisdiction after a year of government-imposed lockdowns.
The custody bank said it will hold, transfer and issue bitcoin and other cryptocurrencies on behalf of its asset-management clients.
Nearly 11 Million Americans Will Lose Unemployment Benefits in April Without More ReliefFeb 11, 2021 - 06:43:23 PST
Nearly 11 million Americans will lose unemployment benefits by mid-April if Congress doesn't issue additional Covid relief, according to a new analysis.
Feb 11, 2021 - 06:35:01 PST
The Wilshire 5000 Total Market Index jumped to $41.8 trillion on Tuesday, while the advance estimate for fourth-quarter GDP is $21.5 trillion. Dividing those numbers puts the Buffett indicator at 195% - well above the 187% level it reached in the second quarter of 2020, when GDP was about 10% lower.
Last month, we reported on signs of revival in the Indian gold market. Gold imports hit a 19-month high in December.That revival has continued into 2021. Gold imports in January were up 72% year-on-year, and some shifts in government policy could give demand another shot in the arm.
JPMorgan: Investors Have Been Asking Questions About The Potential For HyperinflationFeb 11, 2021 - 05:52:56 PST
investors across all asset classes have been asking questions about the probability/risk of inflation occurring this year as well as the potential for hyperinflation. Hyperinflation seems unlikely while the US labor market recovers.
Worse still, bear in mind that Fed Chair Powell warned yesterday that in 'real' terms, unemployment remains around 10% - as bad as at the peak of the financial crisis. So perhaps don't celebrate the improving claims data just yet.
Euro zone states must keep fiscal spending up this year and into 2022 to protect the bloc from permanent damage caused by the coronavirus pandemic, European Central Bank President Christine Lagarde said in an online interview with the Economist on Wednesday.
Bank of Japan officials are considering ways to communicate that the bank has room to cut its interest rate further below zero, according to people familiar with the matter. With a month still to go before the central bank’s policy review, no conclusions have been reached...