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Latest Bank Data Reveals Something Is Terminally Broken In The Financial SystemApr 19, 2021 - 05:25:55 PDT
JPMorgan's ominous concludes, "whether the protracted post Lehman period weakness in bank lending is repeated in the current post virus cycle will be critical in determining both the inflation and liquidity picture over the longer term. So far the trajectory for bank lending shows more similarities than differences to the post Lehman crisis period."
Stocks Are Booming Higher, But Traders Are Having a Harder Time Making MoneyApr 19, 2021 - 05:24:49 PDT
It sounds like an odd problem to have: we're running out of places to rotate into. But for active traders, it's a serious issue.
The New U.S. Plan to Rival China and End Cornering Of Market in Rare Earth MetalsApr 19, 2021 - 05:21:23 PDT
The US has long relied on China for rare earth metals, but domestic supply chains are being pursued as climate and technology investments increase under Biden.
Concerns over Inflationary Pressure on Earnings Will Test Stocks in the Week AheadApr 19, 2021 - 05:19:24 PDT
Earnings will be the major focus in the week ahead, as investors home in on whether rising costs are squeezing margins and signaling inflationary pressures.
China May Test Its Digital Currency with Foreign Visitors at the 2022 Beijing Winter OlympicsApr 19, 2021 - 05:15:27 PDT
A trial with foreign visitors at the 2022 Beijing Winter Olympics would be the first test for China's digital yuan with international users.
The U.K. Treasury and Bank of England have launched a joint taskforce to explore a potential central bank digital currency.
The global death toll from the coronavirus topped a staggering 3 million people Saturday amid repeated setbacks in the worldwide vaccination campaign and a deepening crisis in places such as Brazil, India and France.
When Federal Reserve Chairman Jerome Powell appeared on 60 Minutes recently, he was asked what it takes to become the head of the central bank. In a clip from podcast episode 679, Peter Schiff said that when you think about the actual qualification, Bernie Madoff would have made the perfect Fed chairman. Or perhaps the secretary of the US Treasury department.So, what does qualify one to head up the Federal Reserve? Peter said that apparently, being clueless about economics helps.
Through the first six months of fiscal 2021, the US government ran a record $1.7 trillion budget deficit. And there is no end in sight to the borrowing and spending. Just last month, the national debt eclipsed $28 trillion for the first time. But it's even worse than that.A lot worse.
After total world silver investment put a huge squeeze on global mine supply last year, the same trend continues during the first quarter of 2021. Investment demand for both physical and ETF silver remains just as strong as it was last year. This is putting a huge squeeze on the silver market...
Rarely do investors look at long-term charts when they analyze the precious metals. Most of the time, investors are concerned with the daily, or weekly chart price action. For example, I like to use the quarterly chart to see interesting technicals not found in the shorter-dated charts. If we look at a super long-term...
Gold's gains came despite U.S. data showcasing robust retail sales and a significant drop in weekly jobless claims.
Apr 16, 2021 - 13:13:54 PDT
Its a revival for Gold and Silver! Gold and silver are staging a revival with the decline in the US Dollar since the end of March. When we include Bitcoin (pink line), we see that gold and silver have increased in price more than Bitcoin (red trend line).
There are several variations of the quote: Never believe anything until it has been officially denied. The newest member of the Federal Reserve’s Board of Governors, Christopher J. Waller gave a speech last week about the importance of Central Bank independence, where he effectively denied the Fed’s culpability in propping up the US Government.
The latest Federal Open Market Committee (FOMC) meeting minutes shows a series of questionable ideas. Other than the people in the closed door meeting, it’s difficult to know whether they believe what they discuss, or just go through the motions, attempting to stave off economic collapse for as long as possible.
76% Rise In Stocks Since The March Low Is The 3rd Largest Jump In 100 Years. What Happens NextApr 16, 2021 - 12:25:32 PDT
In other words, as BofA concludes, the current moves implies a projected 12-month price return of -4%, all else equal... although it isn't because never in the history of humanity has the market been injected with so much central bank liquidity as it is now.
Simple is better when identifying a stock market bubble, so let's go with that old standby margin debt, which points to an imminent crash.
Bank of America Corp. is struggling to compete with the money-printing presses of America.
The prospect of recovery from the COVID-19 crisis makes it all the more urgent to have a firm vision of how the burden of public debt can be reduced once the coronavirus has been vanquished. For this reason, every country must work on itself and strive to maintain budgetary discipline.
Those cheering today’s sky-high asset prices say they don’t worry because “the Fed has the market’s back”. And they haven’t been wrong to-date. There’s no doubt that the Fed’s $trillions in monetary stimulus has pushed the prices of stocks, bonds, real estate and nearly every other asset class to all-time highs.