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Record Rise in Government Debt Will Hit Emerging Markets Harder, Fitch SaysJan 6, 2021 - 08:48:55 PST
Global sovereign debt soared by $10 trillion to $77.8 trillion, or 94% of world gross domestic product, as governments boosted spending on health and shored up their economies roiled by the fallout from the coronavirus pandemic, Fitch calculated.
Democratic Sen. Wyden Expects Early Vote On More Covid Relief
Gold, Bitcoin and Treasury yields rise with the risk of ballooning deficits and more fiat currency destruction.
U.S. Inflation Expectations over the Next Decade Climbed to a New Post-2018 HighJan 6, 2021 - 07:25:54 PST
U.S. inflation expectations over the next decade climbed to a new post-2018 high on growing anticipation of Democrat leadership in the Senate.
As you can see, the last two times this indicator peaked, 1968 at (1) and 2000 at (2), it lead to flat performance on the Dow Jones Industrial Average for 15 and 13 years, respectively.
This indicator is currently at its highest level in 70 years! Is this a “new normal” or something to worry about? Stay tuned!
The Federal Reserve's decision in December to leave its monthly bond purchases unchanged dismayed analysts and investors who thought the central bank should have expanded the program to better support the economy through the coronavirus pandemic.
U.S.-China Rivalry Could Spill into New Areas in 2021, Says Eurasia GroupJan 6, 2021 - 07:04:33 PST
Competition between the U.S. and China could spill into new areas this year — further complicating a tense relationship that has threatened the global economy over the last few years, according to risk consultancy Eurasia Group.
U.S. Treasury yields broke above 1% for the first time since the pandemic-driven turmoil in March, and the selloff may only have just begun should the Democrats secure control of the U.S. Senate.The 10-year yield, a key global benchmark interest rate, climbed nearly eight basis points as Democratic victories appeared likely in both Senate runoff elections...
Researchers Expect the US to Face Underpopulation, Blaming a Falling Birth Rate and Economic CrisesJan 6, 2021 - 06:49:51 PST
Every 1 percentage point increase in the unemployment rate reduces births by 1 percent, according to data collected following the Great Recession.
Despite many claims the Fed doesn't push stock prices higher, we provide evidence of the four ways in which the Fed juices the stock market.
Demand for physical gold and silver surged last year as smart investors sought safe haven from a record-breaking expansion in the money supply, record federal budget deficits, and quantitative easing set to infinity.Sales of US gold and silver bullion coins at the US Mint hit a 4-year high in 2020.
Gold is 0.3% lower this morning, as it is trading within a short-term consolidation following the rally.
Futures tied to the S&P 500 were down 0.6%, while futures connected with the technology-heavy Nasdaq-100 index fell 2.1% on expectations that a Democrat-controlled Congress would lead to higher taxes and tighter regulations on tech giants.
Once believers, professional investors are getting antsy about stock bets tied to a smooth reopening of the American economy.Hedge funds that make both bullish and bearish equity bets spent Monday -- the worst opening day in five years...
Instead it was much worse, with ADP reporting a 123k drop in employment - the worst since April...
With structurally low interest rates pulling down on inflation, however, “it is very difficult to imagine out of control inflation, even with the large debt that fiscal authorities have been running up.”
‘Status Not Available:’ IRS Says These Taxpayers Won’t Receive Second Stimulus Check AutomaticallyJan 6, 2021 - 05:14:08 PST
Taxpayers receiving a "Status Not Available" message on the IRS's Get My Payment tool will not get a stimulus check and will need to claim a tax credit.
Many believe a Democrat-controlled Senate could make it easier for lawmakers to push through a bigger stimulus. More government spending could lead to higher inflation, which would drive yields higher.
Peter Schiff appeared on the Lions of Liberty podcast with Marc Clair to look back at the Trump economy and ahead to what the Biden years might bring. Along the way, Peter and Marc talk about the stock market bubble, Peter's move to Puerto Rico, the looming dollar collapse, and bitcoin.
Currency Increased Last Year at a Pace Not Seen Since the End of World War IIJan 6, 2021 - 04:56:52 PST
This was the case in 1983 when the U.S. was heading out of its inflation-induced recession; 1991, as the country was coming out of a downturn, 2002 following the hangover from the dotcom bust, and 2009 as the financial crisis was coming to an end.