- Fired up by Stimulus Money & Debt Deferrals, Americans Went Shopping. But Where?
In 12 Whiplash-Inducing Charts.
- 13 hours ago, 14 Aug 20, 7:36pm -
- Chart Of The Day: Is China About To Unleash An Inflationary Tsunami In The US
No matter who wins the US presidential election in November, 2021 promises to be a very "hot" year indeed.
- 13 hours ago, 14 Aug 20, 7:34pm -
- US Treasury Forced to Pay Up to Fund Record Stimulus
On Thursday, the Treasury department struggled to offload $26bn of 30-year bonds at record-low interest rates. Instead, the bonds…
- 13 hours ago, 14 Aug 20, 7:11pm -
- U.S. Hits Fiscal Cliff With Jobs, Economic Recovery in the Balance
The U.S. push to fire up its economy in the middle of a pandemic remained stalled last week with signs the lapse of emergency unemployment benefits and business grants may have begun taking a toll.
- 14 hours ago, 14 Aug 20, 6:42pm -
- El-Erian Warns Faith In Central Banks Has Enabled "Price Overhsoot" In Big-Tech Stocks & "Bipolar" Gold
Investors are treating an ever growing number of traditionally risky assets as low risk, or even hedges against risk... lulling politicians and central bankers into believing that the market cycle has been conquered... it hasn't!
- 14 hours ago, 14 Aug 20, 6:40pm -
- The Federal Reserve and Other Central Banks Have Been Printing the Night Away
What happens if The Fed and other central banks stop printing? Happy becomes unhappy if the massive bubble bursts.
- 15 hours ago, 14 Aug 20, 5:56pm -
- Week 9 Since Peak-QE: Update on the Fed’s Assets
Repos at $0. SPVs fell for sixth week. Dollar liquidity swaps fell for 9th week. MBS unchanged for 3rd week. Treasuries rose.
- 15 hours ago, 14 Aug 20, 5:55pm -
- As Silver Trades Near Seven-Year Highs, Here’s Why Investors Continue to Pile In
But the fact that the silver price is still only halfway to its record high of over $48 in April 2011, while gold has already topped previous records, is helping attract investors to the former, he said.
- 15 hours ago, 14 Aug 20, 5:18pm -
- Why Bernie Sanders Wants To Chug Elon Musk's Beer
Bernie Sanders wants to steal Elon Musk’s beer - but why? Join Mike Maloney as he delves into a recent bill proposed by Sanders, the knock on effects may surprise you.
- 15 hours ago, 14 Aug 20, 5:13pm -
- "Democrats Are Holding This Up!" - Trump Rages After Ordering Mnuchin To Send $3,400 To US Families
"I am ready to send more money to States and Local governments to save jobs for Police, Fire Fighters, First Responders, and Teachers. DEMOCRATS ARE HOLDING THIS UP!"
- 16 hours ago, 14 Aug 20, 4:39pm -
- "Equities Go Parabolic": The Fed Has Put The Market Into A Positive Inflationary Feedback Loop
After all, if we brush off our Econ 101 textbooks, inflating is one way out of a debt bubble.
- 16 hours ago, 14 Aug 20, 4:37pm -
- July 2020 ShadowStats Alternate Unemployment is 30.0%
he seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994.
- 16 hours ago, 14 Aug 20, 4:12pm -
- Congress Fails to Reach Stimulus Deal, Leaving Tens of Millions of Americans Desperate for Relief
Even with millions of Americans desperate for aid, Congress has failed to reach a deal on a second stimulus package. Negotiations might drag on until September.
- 17 hours ago, 14 Aug 20, 4:03pm -
- Fed’s Kaplan: US GDP Is Likely to Decline by 4.5% in 2021
The US consumers are still spending but they are shifting from high-contact industries to other forms of consumption, Dallas Federal Reserve Bank Pres
- 17 hours ago, 14 Aug 20, 4:02pm -
- Here’s Every Gold & Silver Correction in Their Two Biggest Runs, vs. Today
If you’re familiar with Mike Maloney, you probably know he (and I) actually like it when gold and silver prices correct. It gives us an opportunity to add more ounces at a better price.But not every investor likes corrections. For some it’s worri…
- 17 hours ago, 14 Aug 20, 3:53pm -
- Forecasters Lift U.S. Third-Quarter Outlook, but Cut Fourth Quarter and Beyond: Philly Fed
The outlook looks weaker for growth and job creation in the fourth quarter and beyond, according to a Philadelphia Federal Reserve survey released on Friday.
- 17 hours ago, 14 Aug 20, 3:39pm -
- Hello. There is No Magic Money Multiplier
Ho, Ho, Ho, It's NOT Magic. It's just foolish. Debt and deficits are proof.
- 17 hours ago, 14 Aug 20, 3:25pm -
- China’s Bond Data Hint Central Bank Is Buying Government Debt
The People’s Bank of China may have bought government bonds from domestic banks in July, a rare move that has analysts puzzling over the monetary authority’s policy intentions amid a record amount of government debt issuance.
- 17 hours ago, 14 Aug 20, 3:18pm -
- Dollar Steadies, Index Heads for Worst Weekly Run in Decade
The dollar steadied on Friday as U.S. bond yields rose and lacklustre Chinese economic data curtailed risk sentiment, slowing a selldown of the U.S. currency, which by one measure was headed for its longest weekly losing streak since 2010.
- 18 hours ago, 14 Aug 20, 3:02pm -
- Japan’s Economy Set to Crater by a Record in Awful Quarter
Japan’s pandemic-hit economy shrank last quarter by the most in records going back to 1955, official data is set to show Monday, with a resurgence of the virus threatening to slow a fragile recovery now under way.
- 18 hours ago, 14 Aug 20, 2:47pm -
- Mortgage Rates Keep Falling — Lenders Offering Mortgages With Negative Interest Rates
Outside the U.S., lenders have even offered mortgages with negative interest rates.
- 18 hours ago, 14 Aug 20, 2:34pm -
- Global Shares Sink as Data Points to Tepid Economic Revival
Global shares dipped on Friday as euro zone data offered little cheer for investors already worried about lacklustre Chinese economic numbers and a delay in U.S. fiscal stimulus.
- 19 hours ago, 14 Aug 20, 2:06pm -
- Biden Looks to Former Fed Chair Yellen for Economic Advice
Yellen, now a distinguished fellow at the Brookings Institution, was among a handful of economists who on Thursday briefed Biden about an economy that has been reeling during the five-month coronavirus pandemic, according to the campaign.
- 19 hours ago, 14 Aug 20, 2:05pm -
- Retail Sales for July Rose 1.2% vs. 2.3% Estimate
Consumers spent less than expected in July as a boom in retail sales the month before cooled while efforts to reopen the econmoy stalled.
- 20 hours ago, 14 Aug 20, 12:39pm -
- Massive Surge in U.S. Gold Imports Signals Big Trouble Ahead for the Financial System
While the huge surge in U.S. gold bullion imports during April was mainly due to supply disruptions, it’s an IMPORTANT SIGNAL that all is not well in the Global Financial System.
- 20 hours ago, 14 Aug 20, 12:33pm -
- Gold Is Seeing ‘An Influx of Non-Gold Specific Investors’
“You have people chasing momentum, and momentum based traders accumulating gold is just going to add to the price fluctuation that we’re seeing in the market,”
- 20 hours ago, 14 Aug 20, 12:31pm -
- Bridgewater Hedge Fund Boosts Gold Investment to Over $1 Billion
Hedge fund Bridgewater Associates raised its investment in gold-backed exchange-traded funds by a third in the second quarter, buying the equivalent of 170,000 ounces of gold worth $340 million at current prices, a regulatory filing showed. Bullion…
- 20 hours ago, 14 Aug 20, 12:10pm -
- Billionaire Investor Jeffrey Gundlach Predicts Gold Prices Will ‘Go Much Higher’ in the Long-Term
“Gold will ultimately go much higher because I think the dollar's going to go much lower,” he said.
- 21 hours ago, 14 Aug 20, 12:04pm -
- Fed's "Direct Money Transfers" Coming: Fed Partnering With MIT on "Hypothetical" Digital Currency
"It is important to understand how the existing provisions of the Federal Reserve Act with regard to currency issuance apply to a CBDC and whether a CBDC would have legal tender status, depending on the design."
- 21 hours ago, 14 Aug 20, 11:54am -
- Longtime Bond Bull Lacy Hunt Sees One Huge Risk
Few economists have the long-term track record of Lacy Hunt at Hoisington Investment Management. For more than three decades, Hunt has held the view that U.S. Treasury yields would fall, fall and then fall some more.
- 21 hours ago, 14 Aug 20, 11:48am -
- Once Upon a Time, Debt Monetization Sounded Crazy
In an era when trillions of dollars have been plowed into the global economy, one institution stands out for its activism: the Philippines’s central bank.Bangko Sentral ng Pilipinas seems an unlikely hero given the whatever-it-takes approach of th…
- 21 hours ago, 14 Aug 20, 11:43am -
- Student-Loan Forgiveness, Medicare, Universal Basic Income, Credit Scores & Tax on Trading Stocks
Now that she’s been named as Joe Biden’s running mate for the 2020 presidential election, Sen. Kamala Harris’ stances on a wide range of issues are being scrutinized once again.
- 21 hours ago, 14 Aug 20, 11:37am -
- Empty Apartments in Manhattan Reach Record High, Topping 13,000
Continued slow activity suggests that Manhattan's real estate and economic troubles could extend well into the fall or beyond.
- 21 hours ago, 14 Aug 20, 11:33am -
- Coronavirus Stimulus Stalemate Could Drag On for Weeks as Congress Leaves Town
Progress toward a coronavirus aid deal in Washington is nonexistent as millions wait to see whether they can afford food and housing.
- 21 hours ago, 14 Aug 20, 11:23am -
- Coronavirus Live Updates: States Face Billions in Shortfalls, Economists Say: NYT
With tax revenues plummeting, states could face a cumulative budget gap of at least $555 billion through the 2022 fiscal year, according to one estimate.
- 21 hours ago, 14 Aug 20, 11:19am -
- Silver Spike Breaks Record - The GoldSilver.com Show
Why are premiums high recently? What are people buying? Where does a bullion industry insider see the market going? How does a bullion dealership operate? Join Mike Maloney as he checks in with Alex Daley, President of GoldSIlver.com
- 1 day ago, 13 Aug 20, 8:42pm -
- Gold, Silver Jump After Swings Amid Weak Dollar and Economic Woe
Spot gold headed for back-to-back gains as investors weighed the outlook for the metal’s record-setting rally after this week’s dramatic price swings. Silver climbed the most in more than five years.Rising U.S. bond yields helped spark a sharp se…
- 2 days ago, 13 Aug 20, 8:09pm -
- Gold Notches Back-to-Back Gain
Gold futures end higher on Thursday to notch a back-to-back gain, after taking a brief dip in the wake of weekly U.S. jobless claims data that showed a fall...
- 2 days ago, 13 Aug 20, 8:04pm -
- The "New Normal" Is De-Normalization
Everyone talks about the "New Normal," as if there's a guarantee that life will return to normal. But the "New Normal" is De-Normalization
- 2 days ago, 13 Aug 20, 7:57pm -
- This Is What ‘Fiscal Dominance’ Looks Like: Felder
Perhaps this is why Jerome Powell keeps telling us he is committed to creating inflation: so when it does arise he can say (in his best Pee Wee Herman voice), “I meant do that.”
- 2 days ago, 13 Aug 20, 7:36pm -
- Dollar’s Purchasing Power Drops to Lowest Ever. Inflation Heats Up, as Fed Wants
“We’re not even thinking about thinking about” slowing the decline of the dollar’s purchasing power — and thereby labor’s purchasing power.
- 2 days ago, 13 Aug 20, 7:33pm -
- Fed’s Rosengren Says Now Is the Time to Take Strong Fiscal Actions
Strong fiscal support is needed for the U.S. economy to rebound, but those policies must be paired with efforts to contain the virus, Boston Federal Reserve President Eric Rosengren said Wednesday.
- 2 days ago, 13 Aug 20, 5:21pm -
- US in Longterm Economic Decline
Until you start looking for real answers and stop looking to parties or champions, this longterm down trend is not going to change. The nation is running down a long economic decline — as are most nations in the world — and the parties have us ea…
- 2 days ago, 13 Aug 20, 5:10pm -
- More Bailout Cash Won’t Stop Wave of Credit Card Defaults
Congress is considering plans for additional bailout money. But without more support, there would also be more immediate problems than credit scores: Millions more Americans would face poverty by the end of this year,
- 2 days ago, 13 Aug 20, 5:01pm -
- Why Stimulus Spending Fails
More spending means more debt and more future taxes.
- 2 days ago, 13 Aug 20, 4:55pm -
- Gold Prices Show There's a "Big Short" Going on in Official Currencies
Because this is what a rising price for gold and silver in, say, US dollars, euros, Chinese renminbi, Japanese yen, or Swiss francs really stands for: The higher the price of this precious metal, the lower the exchange value of official currencies.
- 2 days ago, 13 Aug 20, 4:34pm -
- Billionaire Ray Dalio’s Bridgewater Fund Poured Almost Half a Billion Dollars Into Gold in Q2
Billionaire investor Ray Dalio's hedge fund poured more than $400 million into gold in the second quarter of this year, as the price rallied towards record highs, luring in high-profile and amateur investors alike.
- 2 days ago, 13 Aug 20, 3:40pm -
- China’s Yuan Is Flashing the Strongest Technical Signal Since 2012 for Gains Against the U.S. Dollar
The onshore currency’s 50-day moving average has fallen below its 200-day mean, completing the so-called golden cross pattern that some analysts interpret as a sign that a rally will continue.
- 2 days ago, 13 Aug 20, 3:29pm -
- North Korea’s Office 39 Diverts Electricity to Gold Production
The North Korean secret organization that oversees Kim Jong Un’s slush funds and foreign currency is looking to cash in on record gold prices by diverting scarce electricity to facilities that produce the precious metal, sources in the country told…
- 2 days ago, 13 Aug 20, 3:17pm -
- Stimulus Relief Talks Look Dead Until September
Talks on a new coronavirus relief package are going nowhere, increasing the likelihood that there won’t be a deal until at least September and the economy will be cut off from additional stimulus for weeks.
- 2 days ago, 13 Aug 20, 3:13pm -
