A lot of people have a vague sense that too much inflation might be a bad thing. But in a world where central banks and governments promote and implement policies intended to increase inflation by 2% annually, most people don't seem to really understand just how much inflation erodes their purchasing power over time. After all, 2% doesn't sound like a lot.But you have to remember that this decrease in the value of your money compounds over time and it ultimately devastates savers and those on fixed incomes. Looking at Social Security benefits drives this reality home.
Stocks have won big this year, not primarily because earnings went up but because the cost of money went down almost to zero. A repeat in the next decade is almost inconceivable, which means future returns are likely to be pedestrian, at best.
Credit markets are getting ready for a whirlwind of activity next week as companies rush to secure financing before the end of the year.nInvestors can expect as much as $20 billion of investment-grade issuance...
(Bloomberg) -- There’s strong consensus in markets right now and investors need to position to hedge against crowded trades, according to JPMorgan Chase & Co.The last time such a strong agreement on strategy existed was in late 2017 and early 2018...
Cash is trash … massive government spending and dollar debasement … how to protect your wealth. Get out of cash. nOwn stocks, real estate, bitcoin, gold, etc.
Major indices worldwide are trading in red as the U.S. is reportedly set to impose sanctions on about a dozen Chinese officials over their alleged role in Beijing's disqualification of elected opposition legislators in Hong Kong.
Mortgage rates fall to yet another record low. COVID-19 vaccine news could influence, with the outlook for interest rates weighing.
The Bank of Japan has taken over as the biggest owner of the nation’s stocks, with the total value of its holdings climbing well above $400 billion. Massive exchange-traded fund purchases by the BOJ to support the market...
The US dollar is on the back foot, and Wall Street doesn't expect that to change any time soon.
The story of U.S. inflation in 2021 could very well amount to this: It’s all a mirage. Americans are likely to see prices jump across a variety of sectors next year,...
The US dollar has been showing significant weakness over the last several weeks. The dollar index closed at 90.814. Just two weeks ago, it was in the 94 range. Compared to the Swiss franc, the dollar is at a 6-year low. In his podcast, Peter talked about the dollar weakness and the Federal Reserve policy that's causing it. The crazy thing about the rising inflation expectation is that the Fed appears poised to try to fight it with even more inflation.
Permanent job loss at the hands of the COVID-19 pandemic remains a huge problem.
There’s nothing that whips Wall Street into a frenzy quite like a sharp move higher in U.S. Treasury yields. For instance, consider this Bloomberg News headline from last Wednesday, when the benchmark 10-year yield touched 0.96%:...
Of all the innovations in central banking this year, few are as intriguing as Bank of Japan’s special bonus interest rate to regional banks that cut costs, merge or lend for sustainable development.
China is handing out 20 million yuan ($3 million) of its digital currency as part of a lottery in Suzhou.
Since 2004, twenty large federal agencies have admitted to disbursing an astonishing $2.25 trillion in improper payments.
U.S. Treasury yields slumped on Monday morning, as investors waited for a coronavirus stimulus package to be approved in Congress.
Winter Covid surge is the ‘worst event that this country will face,’ White House health advisor Birx says
Something totally shocking took place last week, and it seems like no one really noticed. Actually, I am quite surprised when I saw the data as it was the biggest change in the U.S. money supply... EVER. And, I am not exaggerating. Investors need to be very concerned now...
With the precious metals prices are still consolidating, copper looks ripe for a correction lower. Currently, copper holds a record amount of commercial short positions, the highest in over 25 years. While the copper price may move higher, it will likely experience a correction soon as several indicators...