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Inflation Next Up for the Fed: Convincing the Markets It Can Do What It Says It Will DoAug 28, 2020 - 04:37:10 PDT
Now that Federal Reserve officials have sent a clear message on their desire for higher inflation, the tough part is convincing the world that they can pull it off.
Japanese Prime Minister Shinzo Abe's signature shock-and-awe 'Abenomics' stimulus strategy was already faltering even before his decision on Friday to step down due to health reasons.
Shinzo Abe, Japan's Longest-Serving Postwar Leader, Resigns As Health DeterioratesAug 28, 2020 - 04:29:58 PDT
Party Secretary General for the Upper House of the Diet Hiroshige Seko said that Abe had decided to resign so his health wouldn't "cause trouble."
Coronavirus Live: Abbott Labs’ $5 Rapid Test Gets Approval; 5 States Paying $300 Unemployment BoostAug 28, 2020 - 04:24:53 PDT
The coronavirus has infected more than 24.27 million people around the world so far, killing at least 827,801 people.
We are heading towards a massive transfer of wealth when investors move out of highly speculative financial bubbles and into real sound assets. However, the number of sound assets worth investing in isn't many. With the precious metals being the highest-quality sound assets in the market, many investors will choose silver...
The Fed announced a new inflation policy today. It won't improve anything.
House Speaker Nancy Pelosi said Trump chief of staff Mark Meadows again did not meet her request to increase the cost of the White House's coronavirus stimulus offer to $2.2 trillion.
Options Bets That the Stock Market Will Continue to Soar Have Exploded to Dot-Com Bubble LevelsAug 27, 2020 - 13:13:16 PDT
Even as the stock market is trading in record-setting territory despite the economy being in the throes of a viral pandemic, Wall Street bets for further...
Fed Pledges to Look at if the Economy Is Working for Lower-Income Communities When Setting PolicyAug 27, 2020 - 12:55:23 PDT
The Fed wants to go far deeper to get lower income and underemployed Americans to work, before it pulls back from its easy policies.
With Second Stimulus Checks on Hold, Hurting Americans Spend Less at the Grocery Store: WSJAug 27, 2020 - 12:40:07 PDT
Grocery shoppers are cutting back on spending, data show, a sign that Americans are hurting for cash as the federal unemployment stimulus remains on hold for most recipients.
With every inflation of currency comes an inflation of government power...
Vanguard Shifting Prime Money Market Fund to Safer U.S.-Backed InvestmentsAug 27, 2020 - 11:47:19 PDT
In September, Vanguard will transition its Prime Money Market Fund into a government money market fund and rename it the Vanguard Cash Reserves Federal Money Market Fund. Fee reductions are also coming for investors.
As the Federal Reserve’s quantitative easing practices generate the biggest debt bubble in history, gold futures are trading at record highs, a phenomenon some have called "a bit of a mystery." However, this "mystery" was solved long ago by the laws of economics.
However, once the future is neglected, the very present degenerates into stagnation, throwing you back ever more.
The U.S. Dollar Is Struggling. That Should Give a Shot in the Arm to Global Growth: Goldman SachsAug 27, 2020 - 10:30:45 PDT
The trade-weighted dollar has fallen 7% from its March peak, and Goldman Sachs expects the dollar DXY, 0.08% slide to reach 15% from the highs.
The problem is particularly acute for those burning through reserves to tackle additional challenges, from sliding economies to a shortfall in commodity or oil revenues.
Major players were waiting in the weeds ready for their huge short paper offering...
27 million people still on unemployment rolls, or 16.9% of Labor Force. Initial claims under state and federal PUA programs tick up to 1.43 million in the week (not seasonally adjusted).
The President, Joe Biden and a lot of commentators think that major infrastructure spending will be good for the economy in both the short and long‐term. New evidence casts further doubt.
Which cryptocurrencies does Mike own? What is 'DeFi'? We've been receiving many questions about blockchain lately, hopefully a great deal of them will be answered in this amazing discussion between Dan Larimer and Mike Maloney. Note: This is a longer video, but make sure you watch it until the end to learn about what Mike says is 'one of the most brilliant ideas I have ever heard'.