Escobar: So Who Wants A Hot War?
by Tyler Durden on April 19, 2021 at 3:40 am
Escobar: So Who Wants A Hot War? Authored by Pepe Escobar via The Saker blog, It’s a scorpion battle inside a vortex of distorted mirrors inside a circus. So let’s start with the mirrors in the circus. The non-entity that passes for Ukrainian Foreign Minister traveled to Brussels to be courted by US Secretary of State Blinken and NATO secretary-general Stoltenberg. At best, that’s circus shadowplay. Much more than NATO advisers in a frantic revolving door in Kiev, the real shadowplay is MI6 actually working very close with President Zelensky. Zelensky’s warmongering […]
Where COVID Cases Are Growing The Fastest
by Tyler Durden on April 19, 2021 at 3:15 am
Where COVID Cases Are Growing The Fastest COVID-19 cases are growing in many countries around the world, but, as Statista's Katharina Buchholz details below, some are hit harder than others. Numbers by Johns Hopkins University published on Our World in Data show that among the highly affected countries with rising case numbers are several with successful vaccination campaigns, highlighting the need to not rely on vaccination alone to combat the coronavirus. You will find more infographics at Statista Chile still recorded an average of 377 new infections per one million of […]
What The CDC's VAERS Database Reveals About "Adverse" Post-Vaccine Reactions
by Tyler Durden on April 19, 2021 at 2:50 am
What The CDC's VAERS Database Reveals About "Adverse" Post-Vaccine Reactions Authored by Megan Redshaw via ChildrensHealthDefense.org, Data released today by the Centers for Disease Control and Prevention (CDC) on the number of injuries and deaths reported to the Vaccine Adverse Event Reporting System (VAERS) following COVID vaccines revealed reports of blood clots and other related blood disorders associated with all three vaccines approved for Emergency Use Authorization in the U.S. — Pfizer, Moderna and Johnson & Johnson (J&J). So far, only the J&J […]
Goldman: The Economic Surge Is Starting To Flare Out... And Markets Are Starting To Price It In
by Tyler Durden on April 19, 2021 at 2:25 am
Goldman: The Economic Surge Is Starting To Flare Out... And Markets Are Starting To Price It In A year ago, Goldman Sachs wrote about an adage that came to characterize the market’s response to the pandemic: "investors can not afford to wait for the resolution to a problem that they know will be resolved." And a year later, around the time Wall Street decided that covid is now behind us, the resolution is well and truly underway in the US with 38% of Americans having already received a first shot of the vaccine ... and nearly 80% of all Americans 65 and older having received […]
How To Start A War
by Tyler Durden on April 19, 2021 at 2:00 am
How To Start A War Authored by Victor Davis Hanson via AmGreatness.com, Wars often arise from uncertainty. When strong powers appear weak, truly weaker ones take risks they otherwise would not. Sloppy braggadocio and serial promises of restraint alternatively trigger wars, too. Empty tough talk can needlessly egg on aggressors. But mouthing utopian bromides convinces bullies that their targets are too sophisticated to counter aggression. Sometimes announcing “a new peace process” without any ability to bring either novel concessions or pressures only raises false […]
A Third Of Workers In San Fran Will Not Return To The Office
by Tyler Durden on April 19, 2021 at 1:35 am
A Third Of Workers In San Fran Will Not Return To The Office While we have been writing more of late about corporations returning to the office and life (slowly) starting to return back to normal, not everybody is going to be making the trek back into the office. Only about 38% of currently employed San Francisco workers said they would be making the human-shit-filled hobble back to the office five days a week. This number is down from the 58% who made the commute prior to the pandemic. The data is according to a poll commissioned by regional business group Bay Area […]
Antifa "Panicking" About Police Informant Inside Network: Andy Ngo
by Tyler Durden on April 19, 2021 at 1:10 am
Antifa "Panicking" About Police Informant Inside Network: Andy Ngo Authored by Zachary Stieber via The Epoch Times, Members of the infamous Antifa cell in Portland are anxious after an informant in their midst gave information to police, leading to arson charges, Antifa expert Andy Ngo says. “They’re panicking because this may possibly mean that somebody has infiltrated high... and there’s a lot at risk, because this is a criminal cartel,” Ngo said Saturday on NTD’s “The Nation Speaks.” “And if there’s somebody in there and they don’t know who it is […]
JPMorgan: Clients Are "Increasingly Nervous", Fear "A Market Pullback In May Or June"
by Tyler Durden on April 19, 2021 at 12:49 am
JPMorgan: Clients Are "Increasingly Nervous", Fear "A Market Pullback In May Or June" Much to the delight of bulls everywhere, the past month has been a relentless meltup in stocks, commodities, cryptos, and - paradoxically over the past week when we have been bombarded with stellar economic data - Treasurys as well. After dumping at the end of March to a low of 3,843, spoos have seen an almost flat-line diagonal move higher over the past three weeks, hitting an all time high of 4,183 on Friday (trading a little softer over the weekend following the crypto rout) following one […]
China: Still Recovering, But Losing Steam
by Tyler Durden on April 19, 2021 at 12:20 am
China: Still Recovering, But Losing Steam By Raphie Hayat of Rabobank Still recovering, but losing steam Summary China’s economic growth surged to 18.3% y/y, broadly in line with expectations A big part of this is due to the lower base in Q1 2020 Although the overall first quarter growth was driven by production, more recent data suggests that services are taking over, while production growth is slowing We think the recovery will lose steam as the initial pent up demand dies out and because policy support is being scaled back Moreover, trade will not […]
Meet The Crypto Billionaire That Wants To Make Stock Trading 24 Hours A Day
by Tyler Durden on April 18, 2021 at 11:55 pm
Meet The Crypto Billionaire That Wants To Make Stock Trading 24 Hours A Day 29 year old billionaire Sam Bankman-Fried was fed up with how crypto traded, so he did something about it: he started his own crypto exchange, FTX, which now processes $10.7 billion in trades per day. His exchange lets people not only trade equities 24 hours a day, but also bet on props like whether or not Donald Trump will retake the presidency in 2024, according to a recent profile by the Wall Street Journal. It became popular due to Bankman-Fried's commitment to donating 1% of its revenue to […]
Have Chinese State Banks Quietly Bought $180 Billion In Gold?
by Tyler Durden on April 18, 2021 at 11:30 pm
Have Chinese State Banks Quietly Bought $180 Billion In Gold? By Ye Xie, Bloomberg Live commentator and author Three things we learned last week: 1. U.S. Treasury scrutinizes Chinese state banks for possible hidden currency intervention While Janet Yellen’s Treasury Department refrained from labeling China as a currency manipulator in its semi-annual currency report, it again zeroed in on the role of Chinese state banks in the foreign-exchange market. It noted that China’s net foreign exchange settlement, which it considers a more comprehensive proxy for intervention […]
Former Temple Business School Dean Charged Federally For Manipulating School Ranking Data
by Tyler Durden on April 18, 2021 at 11:05 pm
Former Temple Business School Dean Charged Federally For Manipulating School Ranking Data The former dean of Temple's Fox School of Business is being charged with federal crimes after being ousted due to an investigation that found the school "manipulated data" to become the number one ranked MBA program in the country. Former dean Moshe Porat was indicted on one count each of conspiracy and wire fraud, according to NBC Philadelphia. His lawyer "vigorously" denied the charges. Isaac Gottlieb, a statistics professor, and Marjorie O'Neill, who submitted data to magazines that […]
Greyerz: The Perth Mint Is In Trouble – Where Is Their Clients’ Physical Gold & Silver?
by King World News on April 18, 2021 at 10:59 pm
Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals told King World News that the Perth Mint, which is run by the Australian government, does not appear to have their client's physical gold and silver. Is a major scandal brewing? The post Greyerz: The Perth Mint Is In Trouble – Where Is Their Clients’ Physical Gold & Silver? appeared first on King World News.
Biden Blames Russia For The Exact Same "Interference" That US Corporate Media Is Guilty Of
by Tyler Durden on April 18, 2021 at 10:40 pm
Biden Blames Russia For The Exact Same "Interference" That US Corporate Media Is Guilty Of Authored by Michael Tracey via substack, Deliberately vague weasel-word terms like “election interference” and/or “influence” gained such purchase in the past four-to-five years for a simple reason: the deliberate vagueness allowed people in power — elected officials, pundits, Intelligence Community functionaries — to claim unspecified expertise on a supposedly emerging range of threats. The threats were portrayed as particularly scary because of their alleged potential to […]
Another "Explosive Eruption" Detected At St. Vincent Volcano In Eastern Caribbean
by Tyler Durden on April 18, 2021 at 10:19 pm
Another "Explosive Eruption" Detected At St. Vincent Volcano In Eastern Caribbean The Caribbean Disaster Emergency Management Agency (CDEMA) reports a volcanic eruption has been detected at La Soufriere on the Caribbean island of St. Vincent Sunday afternoon. "At 4:49 pm on 18/04/21, there was another explosive eruption at LS. It's been 52 hours since the last explosive event. There have now been at least 30 identifiable explosive events since the start of this eruptive phase. We continue to monitor and will provide an update in this evening's advisory," CDEMA stated. […]
“It’s Totally Insane. Someone Made A Million On Dogecoin With His Stimulus Check"
by Tyler Durden on April 18, 2021 at 10:00 pm
“It’s Totally Insane. Someone Made A Million On Dogecoin With His Stimulus Check" By Eric Peters, CIO of One River Asset Management “What happened with Dogecoin Dad?” asked Jackson on FaceTime. I smiled. Dogecoin jumped from $0.06 to $0.47 - a 7.8x weekly jump to a $60bln+ market cap. “It’s totally insane,” he said Friday night, back from lacrosse practice, sitting down to study, life as a plebe. “Are your buddies trading crypto now?” I asked. “One supposedly made a million on Dogecoin with his stimulus check,” said Jackson, eyes wide. “Not possible […]
Hedge Funds Are Getting The Hell Out Of New York In Favor Of Florida
by Tyler Durden on April 18, 2021 at 9:35 pm
Hedge Funds Are Getting The Hell Out Of New York In Favor Of Florida Given the state of New York City throughout the last year - the draconian lockdowns, the neverending proposal of new and more invasive taxes, Rep. Ocasio-Cortez turning away new businesses and insulting corporate America at every chance she gets and well...just about everything Bill de Blasio has done - can anyone really blame hedge funds for taking their business elsewhere? The inevitable is happening, the free market is speaking. Hedge funds are taking their business to Florida, a new Bloomberg report […]
Obama's Chief Energy Scientist Disputes The Climate-Change Propaganda-Peddlers
by Tyler Durden on April 18, 2021 at 9:10 pm
Obama's Chief Energy Scientist Disputes The Climate-Change Propaganda-Peddlers Authored by Mike Shedlock via MishTalk, After a stint at the Obama Energy Department, Steven Koonin reclaims the science of a warming planet from the propaganda peddlers. Beyond the Hype Please consider the Wall Street Journal report How a Physicist Became a Climate Truth Teller Barack Obama is one of many who have declared an “epistemological crisis,” in which our society is losing its handle on something called truth. Thus an interesting experiment will be his and other Democrats’ […]
Navalny's Team Claims He 'Could Die At Any Moment' As US Warns Russia Of "Consequences"
by Tyler Durden on April 18, 2021 at 8:45 pm
Navalny's Team Claims He 'Could Die At Any Moment' As US Warns Russia Of "Consequences" National Security Advisor Jake Sullivan has told CNN on Sunday that "We have communicated [to Russia] that there will be consequences if Mr. Navalny dies." Alexei Navalny's name was conspicuously absent from President Biden's Thursday evening address describing the administration's latest sanctions against Russia in response to a wide range of issues, mostly focused on the SolarWinds hack and election 'interference'. It was days later, over the weekend, that Navalny's media team began […]
Morgan Stanley: If A CBDC Gains Acceptance For International Transactions, It Could Become The New Reserve Currency
by Tyler Durden on April 18, 2021 at 8:22 pm
Morgan Stanley: If A CBDC Gains Acceptance For International Transactions, It Could Become The New Reserve Currency By Chetan Ahya, Morgan Stanley's Chief Economist and Global Head of Economics Central Bank Digital Currencies – The Next Disruption 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. CBDCs are a new form of digital cash intended to serve as a substitute for physical cash. They will be a liability of the central bank, which will maintain […]
Greenwich Single-Family Listings Fall Most On Record As Buying Frenzy Continues
by Tyler Durden on April 18, 2021 at 7:55 pm
Greenwich Single-Family Listings Fall Most On Record As Buying Frenzy Continues New York City millionaires quickly realize their hometown has transformed into a socio-economic disaster that could rival the 1970s in terms of crime, unemployment, and taxes. Many have made a beeline for neighboring Greenwich. After years of stagnant demand growth for its multi-million dollar mansions due to the secular decline of "active" asset management, the hedge fund capital of the world is having a real estate renaissance in the town located in southwestern Fairfield County, Connecticut. […]
At Least 3 Dead In Austin, Texas; Shooter On The Loose
by Tyler Durden on April 18, 2021 at 7:37 pm
At Least 3 Dead In Austin, Texas; Shooter On The Loose Update (1551 ET): Austin police have identified the suspect at large, his name is 41-year-old, Steven Broderick. Austin police are giving an update on the shooting incident in Northwest Austin. A suspect has tentatively been identified as 41-year-old Steven Broderick. Suspect is still at large. People in the area of Great Hills Trail and Rain Creek Pkwy are asked to shelter in place. pic.twitter.com/rSQ7F1Zojt — Gabriela Vidal (@GabrielaVtv) April 18, 2021 According to KVUE's Tony Plohetski, Broderick could be ex-law […]
What Is The Difference Between The Wright And Babbitt Shootings?
by Tyler Durden on April 18, 2021 at 7:30 pm
What Is The Difference Between The Wright And Babbitt Shootings? Authored by Jonathan Turley, Below is column in USA Today on charging decisions in the Wright and Babbitt shootings. The sharp contrast in the two decisions raises serious questions over the legal and political issues that rage around such cases. Here is the column: Within an hour of each other, charging decisions in two lethal police shootings were announced with strikingly different conclusions. The decisions reached in the shootings of Daunte Wright in Minnesota and Ashli Babbitt in Washington highlight […]
Biden Finally Admits There's A "Crisis" At The Border
by Tyler Durden on April 18, 2021 at 7:00 pm
Biden Finally Admits There's A "Crisis" At The Border After months of his administration downplaying chaos at the southern US border which started after the 2020 election, President Biden has finally admitted that what's happening is indeed a 'crisis.' Migrants enter the United States near Yuma, AZ In Saturday comments during an off-the-cuff Q&A with reporters in Wilmington, Deleware after his first game of golf as president, Biden said: We’re going to increase the number [of refugees allowed into the country]," adding "The problem was that the refugee part was working on […]
In San Francisco, Drug Overdoses Claimed Twice As Many Lives As COVID-19
by Tyler Durden on April 18, 2021 at 6:35 pm
In San Francisco, Drug Overdoses Claimed Twice As Many Lives As COVID-19 Authored by Ivan Pentchoukov via The Epoch Times, More than twice as many people died from accidental drug overdoses in San Francisco in 2020 than from the CCP (Chinese Communist Party) virus, according to preliminary data released by the city’s office of the Chief Medical Examiner. A total of 713 people died from drug overdoses in the city in 2020 compared to 255 who died from the CCP virus, commonly known as the coronavirus. Nationwide, the largest increase in the number of overdose deaths […]
Tesla With No One In Driver's Seat Wrecks, Burst Into Flames, Kills Two Men
by Tyler Durden on April 18, 2021 at 6:10 pm
Tesla With No One In Driver's Seat Wrecks, Burst Into Flames, Kills Two Men Here we go again. While the NHTSA continues to sit idly by and allow Tesla to continue to beta test its "Autopilot" and "Full Self Driving" features on public roads, yet another two men are dead after a Tesla crash where no one was reported to have been in the driver's seat at the time. The Tesla slammed into a tree near Hammock Dunes Place in the Houston Area, a local NBC affiliate reported. The wreck was in the "Carlton Woods subdivision near the Woodlands," the report says. According to authorities, […]
The Coming Panic Into Gold & Silver Will Be One For The History Books
by King World News on April 17, 2021 at 4:02 am
The coming panic into gold will be one for the history books. The post The Coming Panic Into Gold & Silver Will Be One For The History Books appeared first on King World News.
Gold Heads for Best Week in 4 Months on Subdued Dollar, Yields
on April 16, 2021 at 8:17 pm
Gold's gains came despite U.S. data showcasing robust retail sales and a significant drop in weekly jobless claims.
Gold, Silver Rally As US Dollar Index Declines Since End Of March (Double Cross)
on April 16, 2021 at 8:13 pm
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).
Is the Fed Propping Up the US Government?
on April 16, 2021 at 7:35 pm
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.
Does the FOMC Even Believe What It's Saying?
on April 16, 2021 at 7:31 pm
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.
Bond Market Troubles Will Take Away The Fed’s Printing Press
on April 16, 2021 at 7:31 pm
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.
76% Rise In Stocks Since The March Low Is The 3rd Largest Jump In 100 Years. What Happens Next
on April 16, 2021 at 7:29 pm
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.
Stock Market Bubble, In Three Charts: DollarCollapse.com
on April 16, 2021 at 7:22 pm
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.
Biggest Banks Can’t Keep Up With U.S. Money Printing: Bloomberg
on April 16, 2021 at 7:13 pm
Bank of America Corp. is struggling to compete with the money-printing presses of America.
Are We Risking a Debt Pandemic?: Wolfgang Schauble
on April 16, 2021 at 7:07 pm
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.
What’s Behind the Big Bond Rally? It’s Counterintuitive: Bloomberg
on April 16, 2021 at 7:04 pm
'If the central bank scales back its purchases of $80 billion of U.S. Treasuries and $40 billion of mortgage-backed securities each month, wouldn’t that lack of support push yields higher? History suggests that’s not the case.'
Cass Freight Index - Shipments
on April 16, 2021 at 6:53 pm
The expenditures component of the Cass Freight Index posted its third all-time record in the past four months in March, and was 27.5% above year-ago levels, surging from 16.9% y/y growth in February.
The Worst Tax: Who's Responsible For Skyrocketing Food Prices?
on April 16, 2021 at 6:43 pm
Government is always limited to how much it can tax the people directly. People will ultimately rebel against high taxes. So, as a workaround, a monopoly was granted to The Federal Reserve. If the government wants money, The Fed can just print it. The people will still pay for this, of course, but not directly. They'll pay when they see rising prices in the marketplace.
We May Be On The Verge Of Another Short Squeeze In The Silver Market
by King World News on April 16, 2021 at 5:03 pm
It appears we may be on the verge of another short squeeze in the silver market. The post We May Be On The Verge Of Another Short Squeeze In The Silver Market appeared first on King World News.
China’s Gold Market in March: Chinese Gold ETF Holdings Reached a Record High
on April 16, 2021 at 4:45 pm
Chinese gold ETF total holdings stood at 72.4t (US$3.9bn; RMB25.8bn) as of March, 5.3t (US$287mn; RMB1.9bn) higher m-o-m. In tonnage terms, Chinese gold ETF holdings set a new record in March and in value terms, the second highest.
Robert J. Shiller - Looking Back at the First Roaring Twenties: NYT
on April 16, 2021 at 4:38 pm
To understand where the stock market may be heading, a Nobel laureate examines the pop culture of one of the greatest bull markets in history.
Reflation Sensation: Variant Perception
on April 16, 2021 at 4:36 pm
Bloomberg and Google news trends show reflation headlines are everywhere. Widespread coverage is typically a sign that trends are starting to exhaust and that markets are due for a period of consolidation, before the next leg higher Our growth and liquidity LEIs remain very positive. While we don’t want to be contrarian for contrarian’s sake,
Gold Hits Seven-Week High on Weaker Bond Yields and Dollar
on April 16, 2021 at 3:14 pm
Gold climbed to the highest since February amid a retreat in bond yields and a report that top buyer China may import more of the metal.A fter weeks trading in a narrow range, gold has advanced as Treasuries and the dollar head for weekly losses.
S&P 500 Edges Higher to Another All-Time High, On Pace for 4th Straight Positive Week
on April 16, 2021 at 3:10 pm
The blue-chip Dow rose 300 points to top the 34,000 milestone amid blowout economic data.
The Real Inflation Risk Is Political
on April 16, 2021 at 3:01 pm
The short-term inflation outlook isn't as grim as it looks, but the long-term situation could be awful
UMich Sentiment Disappoints In April, Inflation Expectations Spike To 9-Year High
on April 16, 2021 at 2:38 pm
Despite stimmy checks and soaring stocks and vaccination successes and COVID case collapse, preliminary April data from UMich sentiment survey fell short of expectations.
The Retail WTF Charts of the Year, Powered by $1,400-Stimmies and Massive Price Increases
on April 16, 2021 at 2:29 pm
The government better not ever stop dousing consumers with free money.
What's Ahead For Year-Over-Year Consumer Price Inflation?
on April 16, 2021 at 2:25 pm
Here's a couple month look ahead at what I expect for the CPI.
Is China Preparing A Gold-Backed Yuan: Beijing Greenlights Purchases Of Billions In Bullion
on April 16, 2021 at 2:01 pm
Perhaps Peter Thiel is right... and bitcoin is the trojan horse to attack the dollar and make way for a gold-backed yuan?
China Opens Its Borders to Multi-Billion Dollar Gold Imports
on April 16, 2021 at 1:58 pm
China has given domestic and international banks permission to import large amounts of gold into the country, five sources familiar with the matter said, potentially helping to support gold prices after a months-long decline. China is the world’s biggest gold consumer, gobbling up hundreds of tonnes worth tens of billions of dollars each year...
Gold Eyes Best Week in Five as U.S. Yields Pull Back
on April 16, 2021 at 12:51 pm
“A decisive breach of its 100-day SMA, which currently resides around the psychologically important $1,800, may just do the trick as a clarion call for gold bulls to rush back in.”
Bitcoin Price Drops After Turkey Bans Cryptocurrency Payments
on April 16, 2021 at 12:50 pm
The move saw Bitcoin's price fall over 3% to $61,379 (£44,670) in morning trade in London.
Coinbase Slips With Bitcoin as Stock Seeks to Find a Level
on April 16, 2021 at 12:47 pm
Coinbase Global Inc. eased in premarket trading as the stock seeks to establish a level after the volatility that followed Wednesday’s direct listing.The stock traded at $321 as of 5:23 a.m. in New York, down less than 1% from Thursday’s closing price of $322.75. Bitcoin also declined. Some in the market are struggling to place a value...
US Housing Starts Rebound To Highest Since July 2006, Rental Permits Tumble
on April 16, 2021 at 12:45 pm
It would appear homebuilders are shifting away from 'rental nation'. Are soaring, record-high lumber prices stalling the optimism of homebuilders going forward?
Morgan Stanley Burned by $911 Million of Losses on Archegos
on April 16, 2021 at 12:43 pm
Morgan Stanley became the latest bank to get swept up in the implosion of Archegos Capital Management, reporting $911 million in total losses related to the debacle. “The current quarter includes a loss of $644 million related to a credit event for a single prime brokerage client, and $267 million of subsequent trading losses through the end of...
Huarong Debacle Highlights Problems at Hundreds of Chinese Banks
on April 16, 2021 at 12:41 pm
Lai Xiaomin, former chairman of China Huarong Asset Management Co., was found guilty of accepting $277 million in bribes, as well as bigamy, crimes serious enough to see him summarily executed in January.Such extreme behavior -- and consequences -- are rare in any country.
China's Massed Drills Near Taiwan Take Aim At Washington Audience
on April 16, 2021 at 12:40 pm
Chinese carrier drills and stepped-up incursions into Taiwan's air defence zone in recent weeks are meant to send a message to Washington to stand down and back off, security sources in Taipei say.
Foreign Selling In Treasuries in February Hits Highest Since December 2018
on April 16, 2021 at 12:37 pm
Foreign outflows in Treasuries hit their highest in more than two years in February, according to data from the U.S. Treasury released on Thursday, as investors sold government debt on expectations that yields would go higher as the economy emerged from the pandemic.
Dow Set to Rise After Closing Above 34,000 for First Time Ever
on April 16, 2021 at 12:34 pm
Dow futures rose modestly Friday, a day after the 30-stock average gained nearly 1% and closed above 34,000 for the first time ever. The S&P 500 increased 1.1% to another record close. The Nasdaq had the best day, jumping 1.3% and finishing 0.4% away from its February closing record. Tech stocks rallied Thursday as the 10-year Treasury yield slipped below 1.6%. (CNBC)
China Says Its Economy Grew 18.3% In the First Quarter, Slightly Missing Expectations
on April 16, 2021 at 12:31 pm
Analysts expected first quarter GDP to increase 19% from a year ago, when the economy shrank by 6.8% during the height of the domestic outbreak of Covid-19.
Treasury Yields Rebound but Still below Recent Highs
on April 16, 2021 at 12:27 pm
U.S. Treasury yields rebounded on Friday morning, with the 10-year rate having fallen to 1.53% in the previous session.
Pfizer CEO Says Third COVID Vaccine Dose Likely Needed within 12 Months
on April 16, 2021 at 12:18 pm
He also said it’s possible people will need to get vaccinated against the coronavirus annually.
COVID Infection Rate Is Approaching the Highest Level So Far, Who Chief Said
on April 16, 2021 at 12:15 pm
Tedros said the United Nations health agency would continue to assess the evolution of the coronavirus crisis and "adjust advice accordingly."
More Equal Animals - Mike Maloney, Dan Larimer & Adam Taggart
on April 15, 2021 at 9:50 pm
What is true democracy? How we can help change society to be fairer and more conducive to the creation of prosperity? How can we bypass the censorship of mainstream media? Why is it so important to build not just your own independence - but that of your community?
The Future Of Money Is Gold & Silver
by King World News on April 15, 2021 at 8:48 pm
It appears that the future of money is gold and silver. The post The Future Of Money Is Gold & Silver appeared first on King World News.
Gold Firms near More Than 1-Month High as Yields Retreat
on April 15, 2021 at 8:04 pm
Gold scaled a more than one-month peak on Thursday as U.S. Treasury yields slipped despite better-than-expected U.S. economic data, pushing investors to bullion as a refuge against possible inflation ahead.
Double Bottom: Possible Breakout Supports $2000 Gold by August
on April 15, 2021 at 7:57 pm
The double bottom in March looks complete, and we expect a multi-month advance and retest of the $2000 level by August.
Gold Jumps as US Sanctions on Russia Reintroduce Political Hedge
on April 15, 2021 at 7:49 pm
Geopolitics: A term almost forgotten in the gold market over the past pandemic year made a dramatic comeback Thursday as sweeping U.S. sanctions on Russia triggered demand for the yellow metal from those seeking a hedge to the growing crisis between the two world powers.
Louis Gave of Gavekal Research on the New Structural Bear and Bull Markets
on April 15, 2021 at 6:36 pm
Louis Gave, founding partner and CEO of @GavekalResearch, tells DoubleLine’s Jeffrey Sherman and Samuel Lau that the price shifts of three key assets is not a “dead-cat bounce” but “the start of a new trend” in markets that will require investors to make fundamental changes in portfolio allocations if they are to succeed.
Einhorn: Right Now, We Remain Positioned for Rising Inflation and Inflation Expectations
on April 15, 2021 at 6:35 pm
"From a traditional perspective, the market is fractured and possibly in the process of breaking completely."
Daly: Fed's Lender of Last Resort Role Creates Potential Financial Risks
on April 15, 2021 at 6:22 pm
FED’S DALY: FED’S LENDER OF LAST RESORT ROLE CREATES POTENTIAL FINANCIAL RISKS; LOW RATES CAUSING MORE RISK-TAKING #federalreserve #financialmarkets #banking #interestrates
Fed Sees Supply Chain Issues Growing Despite Better US Outlook
on April 15, 2021 at 5:42 pm
The Federal Reserve is seeing both labor and material shortages mounting across several sectors of the U.S. economy, which may have consumers paying even more for everything from fuel to new homes.
Labor, Not Lumber, Will Drive Inflation: Bloomberg
on April 15, 2021 at 5:38 pm
So when it comes to inflation dynamics, the key metric to watch over the next several months will be wage rates for service workers, not the dramatic, but probably transitory, increases in prices for commodities such as lumber or copper. If we end up having an inflation problem sooner than we expect, it will probably start in the labor market.
Insiders Are Sending A Pretty Clear Signal About The Stock Market (And The Economy): Felder
on April 15, 2021 at 5:24 pm
In light of Seyhun’s findings noted above, this relative bearishness on the part of insiders in aggregate would seem to suggest that stock prices are likely to fall short of euphoric expectations over the next year or so. On top of that, the economy could begin to disappoint on a similar time frame, as well. Don’t say they didn’t warn you.
Powell Says Cryptocurrencies Are Speculation Vehicles Like Gold
on April 15, 2021 at 5:09 pm
Federal Reserve Chair Jerome Powell says cryptocurrencies are really just "vehicles for speculation." He spoke to David Rubenstein Wednesday in a virtual event hosted by the Economic Club of Washington. (Source: Bloomberg)
Inflation, Real Interest Rates Revisited
on April 15, 2021 at 4:08 pm
Gold prices ticked higher on Tuesday after inflation data showed US consumer prices rose in March for the fourth straight month and inflation hit its highest level in 2.5 years. The US Federal Reserve, whose dual mandate is to keep inflation in the “Goldilocks zone” of around 2% and to control unemployment, has been downplaying inflation...
EU to Consider Ban on Using A.I. For Mass Surveillance and Social Credit Scores
on April 15, 2021 at 4:05 pm
Using AI software for mass surveillance and ranking social behavior could soon be outlawed in Europe, according to draft legislation shared online.
‘Dramatic’ Round of Regulation Seen Coming for Cryptocurrencies
on April 15, 2021 at 3:47 pm
The guardians of the financial sector are poised to greatly intensify their efforts to regulate the booming cryptocurrency sector. That’s the view of the World Economic Forum’s blockchain expert, who said challenges include keeping up with the borderless nature of Bitcoin and other digital tokens, as well as ensuring that innovation isn’t stifled
Bond Yields Are Tumbling. Here's Why...
on April 15, 2021 at 3:37 pm
Only time will tell whether the trades currently being made by short-term investors in the market for USTs are just a temporary position adjustment or whether they represent a genuine withdrawal from the reflation trade.
World Stocks Stay High, Russia's Rouble Buckles Under Sanctions Stress
on April 15, 2021 at 3:35 pm
World stocks were on course to extend a five-day run of record highs on Thursday, while bitcoin took a breather after its latest surge and Russia’s markets tumbled at the prospect of the harshest U.S. sanctions in years.
Massive Gold & Silver Breakouts, But The Real Upside Explosion Will Be In Silver
by King World News on April 15, 2021 at 3:24 pm
Today we are seeing massive gold and silver breakout, but the real upside explosion will be in silver. The post Massive Gold & Silver Breakouts, But The Real Upside Explosion Will Be In Silver appeared first on King World News.
Wall Street Execs Spent $2.9 Billion on Campaigns, Lobbying During 2020 Election
on April 15, 2021 at 3:21 pm
“Year in and year out, this torrent of money gives Wall Street an outsized role in how we are governed, while driving and protecting policies that help this industry’s super wealthy amass even greater fortunes at the expense of the rest of us,” Lisa Donner, executive director of Americans for Financial Reform, told CNBC in a statement.
World’s Largest Money Manager: ‘I Am Incredibly Bullish’ on the Stock Market Because of Stimulus
on April 15, 2021 at 3:07 pm
“I believe because of monetary stimulus, fiscal stimulus, the cash on the sidelines, earnings, the markets are OK. Markets are going to continue to be stronger,” said the head of the world’s largest asset manager.
IRS Is Sending More ‘Plus-up’ Stimulus Payments to Taxpayers Who Already Filed
on April 15, 2021 at 3:02 pm
More than 700,000 Americans will receive a supplemental stimulus payment this week as the IRS continues to process 2020 tax returns.
Gold Jumps above $1,760 Amid Slumping Us T-Bond Yields
on April 15, 2021 at 2:52 pm
After rising to the $1,750 area earlier in the day, the XAU/USD (Gold) pair went into a consolidation phase but gathered bullish momentum in the early American session. As of writing, gold was trading at its highest level since late February at $1,764, rising 1.6% on a daily basis.
Inflation Rise Sends the Dollar to the Woodshed
on April 15, 2021 at 2:11 pm
The Dollar Index which ended the day on Tuesday at 91.93, and ended the day on Wednesday at 91.62… We’ve seen this drop in the Dollar Index before and every time it looks like it’s headed to the deep south, the Plunge Protection Team (PPT) steps in and buys dollars to protect it, and then we have to put up with a week or so of the Dollar Index heading higher, but has been the recent trend, it turns around and heads south again eventually…
Appeal for Gold Bounces Up Amid Weaker Dollar
on April 15, 2021 at 12:45 pm
The bullion asset recorded impressive gains at the fourth trading session of the week with global investors awaiting further signals on the U.S economy as the greenback traded near its three-week lows, further boosted gold bugs in breaking above $1745 an ounce.
New York Fed's Williams: Fed Has Tools to Deal With High Inflation
on April 15, 2021 at 12:41 pm
Inflation could be volatile in the near term as the economy recovers from the pandemic but overall price increases should remain subdued and the Federal Reserve knows how to act if inflation gets too high, New York Fed President John Williams said on Wednesday.
Loose Monetary Policy Is Today’s Biggest Market Risk: FT
on April 15, 2021 at 12:38 pm
There are no two ways about it, argues Jeremy Grantham: “The long, long bull market since 2009 has finally matured into a fully-fledged epic bubble”.
Stimmy Checks Spark 'Spectacular' Retail Sales Spendfest In March... But What Happens Next?
on April 15, 2021 at 12:36 pm
The big question now, of course, is what then - with far fewer direct stimmies on the horizon, is this as good as it gets for a long, long time?
Biden to Hit Putin With Russia Sanctions
on April 15, 2021 at 12:26 pm
The Biden administration is poised to impose a raft of new sanctions on Russia, including long-feared restrictions on buying new sovereign debt, in retaliation for alleged misconduct including the SolarWinds hack and efforts to disrupt the U.S. election.Russian bonds fell and the ruble dropped the most since December on the news...
Biden Seeks Closer Ties with Japan as the U.S. Prepares to Challenge China
on April 15, 2021 at 12:23 pm
U.S. President Joe Biden will hold his first in-person summit with a foreign leader on Friday when Japanese Prime Minister Yoshihide Suga heads to Washington.
The Market Is ‘Completely Ignoring’ Serious Risks with U.S.-China Relations: Stephen Roach Warns
on April 15, 2021 at 12:19 pm
As Wall Street focuses on earnings season, former Morgan Stanley Asia Chairman Stephen Roach sees danger lurking abroad.
Treasury Yields Drift Lower Ahead of Jobless Claims and Retail Sales Data
on April 15, 2021 at 12:17 pm
U.S. Treasury yields drifted lower on Thursday morning, ahead of the release of weekly jobless claims and monthly retail sales data.
The Economy Is Running On a Stimulus-Fueled Caffeine High. What Will Happen When It Wears Off?
on April 15, 2021 at 12:15 pm
The path beyond this rocket-fueled year looks far less clear.
Jpmorgan Pledges $2.5 Trillion over the Next Decade toward Climate Change
on April 15, 2021 at 12:14 pm
JPMorgan will invest trillions over the next decade in long-term solutions tackling climate action and social equality.
Fed Is More Worried by Inflation Running Too Cold Than Too Hot
on April 15, 2021 at 12:12 pm
Federal Reserve officials are just as worried about an inflation rate that runs too cold as one that runs too hot.While rising prices are in the spotlight now as the economy reopens and demand surges, the longer-run trends that have suppressed costs globally could re-emerge as the pandemic ends, some policy makers warn
U.S. Housing Market Is Nearly 4 Million Homes Short of Buyer Demand: WSJ
on April 15, 2021 at 12:12 pm
Mortgage-finance company Freddie Mac said the shortfall in single-family homes has grown by half in just two years as builders contend with shortages of labor, materials and developed land.
Urban Flight During Pandemic Made Rent Less Affordable Across US
on April 15, 2021 at 12:06 pm
It's becoming clear that one of the unintended consequences of urban flight is creating housing affordability issues in rural America.
Dr. Zeke Emanuel on Why the U.S. Should Consider a Vaccine Mandate
on April 15, 2021 at 12:05 pm
As coronavirus cases surge in several U.S. states, Dr. Zeke Emanuel, vice provost of Global Initiatives at the University of Pennsylvania, joins "Squawk Box" to discuss why he thinks the best way to turn the tide is a vaccine mandate, though he adds that a mandate should be considered as a last resort.
YOU MUST GET PREPARED: We Are Witnessing Extreme Currency Debasement
by King World News on April 14, 2021 at 11:35 pm
One of the greats in the business just warned investors they must get prepared because we are witnessing extreme currency debasement. The post YOU MUST GET PREPARED: We Are Witnessing Extreme Currency Debasement appeared first on King World News.
Final Nail in the Coffin: Rickards
on April 14, 2021 at 8:11 pm
Biden will get to make history by permanently pushing America to the left in the manner of FDR's original New Deal and Lyndon Johnson's...
Purchasing Power of the U.S. Dollar Over Time: Update
on April 14, 2021 at 8:10 pm
$1 in 1913 had the same purchasing power as $26 in 2020. This chart shows how the purchasing power of the dollar has changed over time.
U.S. Consumer Debt Spiked In February
on April 14, 2021 at 8:08 pm
American consumers have piled up over $4.21 trillion in debt. This is slightly higher than the record $4.20 trillion in consumer debt as of February 2020 as the coronavirus pandemic began to grip the world.
'Big Short' Investor Danny Moses Says Meme Stocks Remind Him of the Dot-Com Bubble, Slams the Fed
on April 14, 2021 at 8:07 pm
Veteran investor Danny Moses compared the stock-market boom to the dot-com bubble, underscored the dangers of excessive leverage and liquidity, and called for the Federal Reserve to temper its stimulus efforts in a recent RealVision interview.
Jerome Powell Risks Alan Greenspan's Fate
on April 14, 2021 at 7:55 pm
Powell seems to be repeating Greenspan’s mistake of inflating asset and credit market bubbles even though there are the clearest of signs of considerable excess in those markets.
Hot or Cold War? Investors Try to Second Guess Russia’s Military Maneuvers: Analysis
on April 14, 2021 at 7:15 pm
Fund managers are trimming exposure to Russia and Ukraine on fears that years of tensions could finally erupt into outright war, bringing economic ruin for Ukraine and more sanctions on Russia.
U.S. Spy Chiefs Say China Is 'Unparalleled Priority'
on April 14, 2021 at 7:08 pm
U.S. spy agency leaders said on Wednesday that China is an "unparalleled" priority, citing Beijing's regional aggression and cyber capabilities as they testified at a public congressional "Worldwide Threats" hearing for the first time in more than two years.
ECB's Lagarde Says Euro Zone Economy Still on Crutches
on April 14, 2021 at 7:00 pm
The euro zone economy is still standing on the "two crutches" of monetary and fiscal stimulus and these cannot be taken away until it makes a full recovery, European Central Bank President Christine Lagarde said on Wednesday.
Beige Book Upgrades Economic Activity To "Moderate" From "Modest"
on April 14, 2021 at 6:41 pm
So with the economy firing on all cylinders, it's hardly a surprise that the number of instances of the word 'slow' in the Beige Book dropped to just 12, almost half the 23 noted last month, while references to covid or virus also tumbled as the US is clearly ready to move on.
Is Stagflation Coming?: Roubini
on April 14, 2021 at 6:14 pm
Lost in the debate over whether today's ultra-loose fiscal and monetary policies will trigger painful inflation is the broader risk posed by potential negative supply shocks. From trade wars and de-globalization to aging populations and populist politics, there is no shortage of inflationary threats on the horizon.
Gary Gensler confirmed by Senate to lead the SEC, Wall Street's top regulator
on April 14, 2021 at 5:09 pm
Gensler was confirmed to lead the SEC on Wednesday. He promised to tackle bitcoin regulation, "gamification" of trading and board diversity.
Live: Fed Chair Powell Speaks With Economic Club of Washington, 12:PM ET
on April 14, 2021 at 3:54 pm
The Economic Club of Washington's David Rubenstein interviews Fed Chair Jerome Powell.
IRS Is Probing the Dark Web to Look For Cryptocurrency, NFT Tax Evasion, Says IRS Commissioner
on April 14, 2021 at 3:51 pm
IRS Commissioner Charles Rettig said the U.S. fails to collect as much as $1 trillion in taxes owed each year, in part due to the explosion in cryptocurrencies.
Dollar’s Purchasing Power Drops Sharply to Record Low, But It’s a Lot Worse than CPI Shows
on April 14, 2021 at 3:40 pm
If the homeownership component in CPI mirrors the Case-Shiller Home Price Index, CPI would jump 5.1%! Not to speak of new & used vehicle prices, which I nevertheless speak of.
China’s Digital Currency Is a Threat to Dollar Dominance: FT
on April 14, 2021 at 3:37 pm
For China, adoption of a CBDC both within and beyond its borders would allow its financial system to reduce reliance on the dollar and limit the role and oversight of foreign financial institutions and regulators.
Gold Gives Up Early Gains as Firm Bond Yields Offset Weak Dollar
on April 14, 2021 at 3:20 pm
Gold prices gave up early gains and were flat on Wednesday, as weakness in the U.S. dollar due to higher inflation was countered by some firming in Treasury yields.
World’s Eight Richest People Now Worth Us$1 Trillion
on April 14, 2021 at 3:17 pm
The world’s eight richest people together hold fortunes of more than US$1 trillion and have added US$110 billion combined this year.
This Is What’s Really Happening Right Now With Inflation, The Economy And Real Estate
by King World News on April 14, 2021 at 3:16 pm
This is what's really happening right now with inflation, the economy and real estate. The post This Is What’s Really Happening Right Now With Inflation, The Economy And Real Estate appeared first on King World News.
Inflation: Making the Complex, Simple - Part 2
on April 14, 2021 at 3:11 pm
This article will help understand what drives inflation. Being a step ahead of the markets inflationary thinking is critical to investment success.
Nancy Pelosi's Husband Buys Microsoft Ahead of Big Govt Contract
on April 14, 2021 at 2:56 pm
If you had knowledge of this deal and made a similar trade, then got caught, you would be fined, lose all your profits, and potentially be thrown into jail.
Bernie Madoff, Mastermind of the Nation's Biggest Investment Fraud, Dies at 82
on April 14, 2021 at 2:54 pm
Bernard Madoff masterminded the biggest investment fraud in U.S. history, ripping off tens of thousands of people of as much as $65 billion.
Import/Export Prices Explode Higher In March, Hottest In A Decade
on April 14, 2021 at 2:50 pm
Amid global supply chain disruptions and trillions in liquidity to support consumption, it is perhaps unsurprising that import and export price inflation is soaring.
China's Digital Yuan Comes With An Expiration Date
on April 14, 2021 at 2:47 pm
The money itself is programmable. Beijing has tested expiration dates to encourage users to spend it quickly, for times when the economy needs a jump start.
Gold Eyeing a Sustained Move Above $1750 Awaiting Fed Chair Powell’s Speech
on April 14, 2021 at 12:52 pm
So far this Wednesday’s trading, gold is consolidating the recent recovery rally below $1750, awaiting Fed Chair Jerome Powell’s speech, due later in the day, for fresh trading impetus. With upbeat US PPI and CPI data, the expectations of higher inflation will continue to support the inflation hedge, gold.
No Fear Of Inflation; Threat Of Deflation
on April 14, 2021 at 12:49 pm
The Fed wants to have their cake and eat it too, but the cake is stale. Jerome Powell’s remarks in testimony before the Senate recently provoked considerable attention. Responses, interpretation, and analysis by observers were many and varied. Unfortunately, no one learned anything different from what they thought they knew before Powell’s...
Jim Rickards: M2 Skyrocketing As Fed Stops Weekly Data Showing Money Supply
on April 14, 2021 at 12:46 pm
Topics, including Rickards’ stance that deflation remains the greatest risk to the economy, despite reports of inflation. Rickards also talks about M2 skyrocketing— and how it coincides with the discontinuation of the Federal Reserve’s money supply series, data that has been published weekly since 1970.
Archegos Ripples Through Banks’ Lucrative Hedge Fund Units
on April 14, 2021 at 12:45 pm
The collapse of Archegos Capital Management LP, an investment firm that few even on Wall Street had heard of until it imploded last month, is changing a lucrative, decades-old part of global banking.Nomura Holdings Inc. and Credit Suisse Group AG, the two lenders hit hardest, have started to curb financing in the business with hedge funds...
Coinbase CEO Says Regulation Is One of the Biggest Threats to Crypto
on April 14, 2021 at 12:43 pm
“Basically we just ask that, hey, we want to be treated on those level playing field with traditional financial services at the very least and not have any kind of punishment for being in the crypto space,” Armstrong said.
Coinbase's Blockbuster Debut Is a 'Watershed' for Crypto — but There Are Risks Ahead
on April 14, 2021 at 12:36 pm
There are a number of risks ahead. Cryptocurrencies are notorious for their wildly volatile price moves, and skeptics think it may be in a massive market bubble that’s bound to burst at some point. Meanwhile, global regulators are increasingly trying to bring crypto under their oversight, with India’s government even looking to ban digital currencies.
Stock Futures Trade Higher Amid Big Bank Earnings
on April 14, 2021 at 12:31 pm
Investors received earnings results from the banks including JPMorgan Chase (JPM) and Goldman Sachs (GS) Wednesday morning, which set the tone for the rest of first-quarter earnings reports in the weeks to come.
Gold Will Shine, Bear Hibernation, New Low, Plus Timber!
by King World News on April 13, 2021 at 9:01 pm
Gold will shine, bear hibernation, new low, plus timber! The post Gold Will Shine, Bear Hibernation, New Low, Plus Timber! appeared first on King World News.
Turk – New All-Time Highs For Silver Are On The Way, But Here Is The Key
by King World News on April 13, 2021 at 5:51 pm
Today James Turk told King World News that strong demand is going to vault silver prices to new all-time highs. The post Turk – New All-Time Highs For Silver Are On The Way, But Here Is The Key appeared first on King World News.
Inflation Skyrocketing Along With Money Supply!
by King World News on April 12, 2021 at 11:02 pm
Inflation is skyrocketing along with the money supply! The post Inflation Skyrocketing Along With Money Supply! appeared first on King World News.
GOLDREVIEW WILL RELAUNCH IN Q4
by goldseek on August 16, 2020 at 2:07 pm
GoldSeek.com Celebrates 25 Year Anniversary, Launches New Website
by goldseek on August 3, 2020 at 2:24 pm
(Denver, Colorado – August 1, 2020) Today marks the 25th year anniversary for GoldSeek.com, a leading gold news and financial information website established in 1995. The GoldSeek website is ranked as one of the most visited gold websites in the world. On this 25-Year Anniversary, GoldSeek.com is also pleased to announce that the new website is live. Peter
Gold retreats more than 1% as dollar halts slide
by goldseek on July 30, 2020 at 12:18 pm
GoldSeek.com to Launch New Website
by goldseek on July 30, 2020 at 11:44 am
China’s monetary policy to be more flexible and targeted: politburo
by goldseek on July 30, 2020 at 10:33 am
India Considers Amnesty for Citizens Hoarding Gold Illegally
by goldseek on July 30, 2020 at 10:13 am
Fed holds rates steady, says economic growth is ‘well below’ pre-pandemic level
by goldseek on July 30, 2020 at 9:19 am
German economy plunged 10% during second quarter amid pandemic
by goldseek on July 30, 2020 at 7:18 am
Gold Mining Stocks Face ‘Fat Pitch’ Opportunity as Earnings Loom
by goldseek on July 29, 2020 at 9:51 pm
Fed holds rates steady, says economic growth is ‘well below’ pre-pandemic level
by goldseek on July 29, 2020 at 6:04 pm