- It’s Time to Start Thinking About Inflation
Central banks around the world, especially in Europe and the United States, debased their currencies last year in record proportions.
- 7 hours ago, 20 Apr 21, 7:28pm -
- The New Cold War: Felix W. Zulauf
A new conflict has begun between the United States and China that will shape the coming decades. No country will be unaffected, and Europe some day may have to pick sides. Risk premiums for financial assets will rise.
- 7 hours ago, 20 Apr 21, 7:08pm -
- ECB Balance Sheet Hit Fresh ATH
At €7.522tn ahead of this week's meeting as Lagarde keeps printing press rumbling. Total assets rose by €7.9bn on QE. ECB balance sheet now equal to 70.3% of #Eurozone GDP vs Fed's 36.3%, BoE's 37.4%, and BoJ's 130%.
- 7 hours ago, 20 Apr 21, 7:04pm -
- A $1 Trillion Liquidity Surge Is Morphing Into a Leverage Boom
It was supposed to be a temporary buffer -- more than $1 trillion of debt taken on by U.S. companies last year to ride out the economic devastation caused by Covid-19. But with the economy rebounding and interest rates still near all-time lows, it’…
- 7 hours ago, 20 Apr 21, 7:01pm -
- Commodity Prices Reach Rally Inflection Point!
Commodities have been the talk of the town over the past several months, with grains, energy, and metals reaching new multi-month highs over the 12 months. And this has lead to concerns over input costs… and inflation.
- 7 hours ago, 20 Apr 21, 6:53pm -
- Pulling Up the Inflation Anchor
Rather than worrying about the prospects of higher long-term expected inflation, the US Federal Reserve is exuding confidence that it can maintain price stability should the need ever arise. It should think again, before the inflation genie has escap…
- 8 hours ago, 20 Apr 21, 6:46pm -
- Biden's Big Spending Plans Will Not Revive the Economy
A government is not a wealth-generating entity. The more it spends, the more resources it has to take from wealth generators. This in turn undermines the wealth-generating process of the economy. For instance, if the government plans to spend $3 tril…
- 8 hours ago, 20 Apr 21, 6:38pm -
- Crescat’s Macro Deck
Crescat invites you to take a look through our current macro deck. This research is an important component of our investment process, illustrating how Crescat evaluations the broader market and positions within our five strategies.
- 8 hours ago, 20 Apr 21, 6:30pm -
- Fed Powell Says Will let Inflation Run, But Won’t Allow ‘Substantial’ Overshoot of Inflation Target
The U.S. economy is going to temporarily see "a little higher" inflation this year as the economy strengthens and supply constraints push up prices in some sectors, but the Federal Reserve is committed to keeping any overshoot within limits, Fed Chai…
- 9 hours ago, 20 Apr 21, 5:21pm -
- ECB: Christine Lagarde Will Have to Kick the Can Down the Tightrope
The goal of this meeting will likely be to bide time...
- 9 hours ago, 20 Apr 21, 5:13pm -
- Biden Tax Plan Panders to ‘Radical’ Dems Who Want to Take Money Out of Hardworking Americans’ Pocket
President Biden’s tax plans show he is choosing to pander to the "very far radical side of the Democrat Party" instead of strengthening the American economy, Rep. August Pfluger, R-Texas, argued on FOX Business’ "Mornings with Maria" Tuesday.
- 9 hours ago, 20 Apr 21, 5:08pm -
- Unemployment Benefits Cut Short For More Than 300,000 during Pandemic
States offer extra unemployment benefits to workers based on a certain metric. That trigger cut aid short for many people during Covid, a study said.
- 9 hours ago, 20 Apr 21, 5:06pm -
- Why Record US Port Congestion May Lead To Historic Trade Deficit Blowout, Dollar Plunge
Asset prices do not normally respond to trade releases, but if the deficit is as wide as containers indicate, the USD downside risk may become clearer, especially with Fed commentary weighing on yields.
- 10 hours ago, 20 Apr 21, 4:48pm -
- Biden's Recovery Plan For Families Set to Cost More Than $1 Trillion
Biden aims to approve the second phase of his infrastructure package based around child care and paid leave after passage of the first piece.
- 10 hours ago, 20 Apr 21, 4:37pm -
- America's Fatal Synergies
America's financial system and state are themselves the problems, yet neither system is capable of recognizing this or unwinding their fatal synergies.
- 11 hours ago, 20 Apr 21, 3:35pm -
- Freight Expenses Spike the Most on Record
But shipment volume, though strong, is not at record levels.
- 11 hours ago, 20 Apr 21, 3:27pm -
- The Fed Wants to Stimulate Bank Lending, Charts Show the Fed Failed
The Fed's massive QE program has failed to stimulate bank lending. Let's discuss the evidence and more importantly why it's happening.
- 11 hours ago, 20 Apr 21, 3:25pm -
- Global Tax Gains Momentum
The Netherlands, long considered to be at the heart of a system in which multinational corporations minimize their taxes by shifting profits, has signaled that it’s ready to support a U.S. proposal that ends the practice.
- 11 hours ago, 20 Apr 21, 3:22pm -
- A Global Tipping Point for Reining In Tech Has Arrived: NYT
Never before have so many countries, including China, moved with such vigor at the same time to limit the power of a single industry.
- 12 hours ago, 20 Apr 21, 2:37pm -
- US Takes Steps to Protect Electric System from Cyberattacks
The Biden administration is taking steps to protect the country's electric system from cyberattacks through a new 100-day initiative combining federal government agencies and private industry. The initiative, announced Tuesday by the Energy Departme…
- 12 hours ago, 20 Apr 21, 2:35pm -
- Xi Challenges U.S. Global Leadership, Warns Against Decoupling
Chinese President Xi Jinping called for greater global economic integration and warned against decoupling while calling on the U.S. and its allies to avoid “bossing others around.
- 12 hours ago, 20 Apr 21, 2:26pm -
- Companies Can't Stop Talking About Higher Costs
First quarter earnings season is less than a week old, but the biggest theme management teams are talking about is clear — higher costs.
- 12 hours ago, 20 Apr 21, 2:21pm -
- Procter & Gamble Will Raise Prices in September to Fight Higher Commodity Costs
The company also said that it will raise prices on some of its products to combat rising commodity costs.
- 12 hours ago, 20 Apr 21, 2:13pm -
- Gold Edges up on Weaker Dollar and U.S. Yields
Gold prices inched higher on Tuesday, hovering below a seven-week peak hit in the previous session, bolstered by a pullback in U.S. Treasury yields and a weaker dollar.
- 13 hours ago, 20 Apr 21, 12:50pm -
- Investors Are Poorly Prepared For Inflation, All-Star Money Manager Rich Bernstein Warns
Institutional Investor Hall of Famer Richard Bernstein is finding a lot of denial about inflation risks in the market.
- 14 hours ago, 20 Apr 21, 12:47pm -
- Biggest U.S. Banks Pile Into Cash, Securities as Loans Fall
The four largest U.S. banks gathered $919 billion in additional deposits last year, money that they either parked in cash or used to increase their holdings of securities, new data show. Deposits at JPMorgan Chase & Co., Bank of America Corp., Citigr…
- 14 hours ago, 20 Apr 21, 12:40pm -
- IEA Issues Dire Warning On Carbon Emissions, Says COVID Recovery Anything but Sustainable
The report comes at a time when policymakers are under intensifying pressure to deliver on promises made as part of the Paris Agreement.
- 14 hours ago, 20 Apr 21, 12:37pm -
- Wall Street Banks Brace for Digital Dollars as the Next Big Disruptive Force
Led by countries as large as China and as small as the Bahamas, digital money is drawing stronger interest.
- 14 hours ago, 20 Apr 21, 12:36pm -
- J&J, Which Developed the Single-Shot COVID-19 Vaccine, Generated $12.19 Billion in Revenue
Johnson & Johnson reports $100 million in quarterly sales from Covid vaccine
- 14 hours ago, 20 Apr 21, 12:27pm -
- It's Reasonable For Oil Prices to Be Between $60 to $75 in a Year's Time, Says Oil Expert Dan Yergin
Demand and supply pressures are likely to offset each other in the oil market, said oil expert Dan Yergin.
- 14 hours ago, 20 Apr 21, 12:16pm -
- Treasury Yields Are Little Changed as Investors Monitor Corporate Earnings
U.S. Treasury yields rose on Tuesday morning, as investors eye on the latest corporate earnings.
- 14 hours ago, 20 Apr 21, 12:15pm -
- Covid Latest
The latest news and updates on the coronavirus outbreak from CNBC’s global teams in Asia, Europe and the U.S.
- 14 hours ago, 20 Apr 21, 12:10pm -
- Get Silver Now: Hugo Salinas Price
- 1 day ago, 19 Apr 21, 8:02pm -
- Silver: Fiat Currency Chasing Real Money And Short Supplies Leading To Inflation
There is a lot of coverage of the shortage of silver supply, which is an increasing problem.
- 1 day ago, 19 Apr 21, 8:02pm -
- Gold Slips off 7-Week Peak as U.S. Yields Gain
Gold prices scaled a more than seven-week peak on Monday as a softer dollar and lower U.S.Treasury yields lifted the yellow metal's appeal even as the appetite for riskier assets remained strong.
- 1 day ago, 19 Apr 21, 7:57pm -
- If A CBDC Gains Acceptance For International Transactions, It Could Become The New Reserve Currency
We do not usually associate disruption with central banks. But a major move to introduce central bank digital currencies (CBDCs) could actually disrupt the financial system.
- 1 day ago, 19 Apr 21, 7:56pm -
- The Inflation Or Disinflation Debate Continues
The debate between inflation and deflation/disinflation is inherently uncertain as assumptions are at risk of invalidation and narratives are unpredictable.
- 1 day ago, 19 Apr 21, 7:54pm -
- Ever Fewer People Need Ever More Money...Said Nobody, Ever (Except the Federal Reserve): Econimica
15 to 64 year old US working age population versus Federal Funds Rate & US currency in circulation. Honestly, no words are necessary.
- 1 day ago, 19 Apr 21, 7:47pm -
- Stock Market Leverage in La-La Land, Rises to Historic WTF High
Archegos shows how leverage is the great accelerator of stock prices on the way up, and on the way down. One of its bets, ViacomCBS collapsed by 60%.
- 1 day ago, 19 Apr 21, 7:45pm -
- Housing is Going Gangbusters, Thank Covid-19 and the Fed
Homebuilders remain the biggest beneficiary of Covid-19 thanks to the Fed's reaction to it.
- 1 day ago, 19 Apr 21, 7:44pm -
- Bloomberg’s McGlone Warns of ‘Predominant Deflationary Forces’
Since the financial crisis, commodity prices have declined by about 60% versus U.S. M2 money supply growth while the S&P 500 has beaten M2 by about 40%, according to the report.
- 1 day ago, 19 Apr 21, 7:26pm -
- ECB Finds Top Euro Zone Banks Underreport Risk
Large euro zone banks have been underreporting their risky assets by 275 billion euros by using their own models to quantify potential losses, the European Central Bank said on Monday. Since the 2008 financial crisis, regulators around the world hav…
- 1 day ago, 19 Apr 21, 7:15pm -
- Have Chinese State Banks Quietly Bought $180 Billion In Gold?
While acknowledging that the difference could be due to commercial reasons, it’s also possible that these banks intervened on behalf of the PBOC to cover the central bank’s tracks, the Treasury said (ZH: or, it is the case that China has been ste…
- 1 day ago, 19 Apr 21, 6:37pm -
- The IMF And The Jobless Recovery
Two factors that affect the quality of the recovery should worry us: The upgrade comes mostly from higher government spending and rising debt, and the job recovery is much slower than in previous cycles.
- 1 day ago, 19 Apr 21, 6:14pm -
- After Afghanistan, China and Russia will test Biden: FT
Rival powers, in particular Russia & China, could now be emboldened to test the Biden administration’s resolve a little further. The obvious flashpoint are Ukraine & Taiwan. In recent weeks, the Kremlin has assembled more troops on its border with…
- 1 day ago, 19 Apr 21, 6:07pm -
- Putin’s Answer to U.S. Sanctions Is More Economic Isolation
Russian President Vladimir Putin is likely to respond to the latest round of U.S. sanctions threats as he has to past ones: by speeding his drive to make Russia’s economy more self-sufficient. In the seven years since Russia’s annexation of Crime…
- 1 day ago, 19 Apr 21, 5:47pm -
- Mortgage Bond Spread Disappears as Money Supply Surges (Lowest In At Least A Decade)
The Federal Reserve is a natural born spread killer! The Federal Reserve is a natural born spread killer!(Bloomberg) — The tsunami of money and credit pouring into financial markets has washed away much of the available spread for mortgage bond i…
- 1 day ago, 19 Apr 21, 5:40pm -
- Biden Chooses Cronyism Over Letting Puerto Rico Rebuild
The Jones Act shields the American shipping industry from foreign competition and harms both the environment and disadvantaged communities.
- 1 day ago, 19 Apr 21, 5:30pm -
- Busting a Deflation Myth
When it comes to consumer prices, our generation has been brainwashed into thinking a certain way. Rampant inflation is bad, a little inflation is good, and deflation is bad.
- 1 day ago, 19 Apr 21, 5:23pm -
- Fed's Inflation Problem: Easy Money Creates More Market Than Reported Inflation
The Fed has an inflation problem, but it's not the failure to meet an arbitrary target. The problem is that there is a significant separation between reported and market inflation. The uncoupling is not new and is a statistical issue. But it has beco…
- 1 day ago, 19 Apr 21, 4:53pm -
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