News

on June 17, 2021 at 8:13 pm

French President Emmanuel Macron should really learn to keep quiet about the real plans of Davos to steal all the gold an enslave us all.

on June 17, 2021 at 8:10 pm

Fed Chairman Jerome Powell Wednesday said the higher inflation recorded this year should be temporary, but the risks that it would persist couldn’t be ignored.

on June 17, 2021 at 8:10 pm

Bolivian President Luis Arce on Wednesday announced the submission of a draft bill to the Plurinational Legislative Assembly (bicameral parliament) to authorize the purchase of gold and thus strengthen international reserves.

on June 17, 2021 at 8:07 pm

Historically inflation hurt creditors and helped debtors as they are paying back their obligations in much-depreciated dollars....

on June 17, 2021 at 8:06 pm

Regulators are worried about hidden risks to investors and even the financial system stemming from a fast-growing corner of the crypto market meant to be immune from volatility.Their focus is on so-called stablecoins, a form of cryptocurrency that has a fixed price, typically one dollar, and is backed by real-money reserves.

on June 17, 2021 at 7:55 pm

As you may already know, Mike Maloney took some significant profits from the crypto markets when Bitcoin was hovering around $60k. Now that we are experiencing a pullback in gold and silver, find out what Mike plans to do with that cash that has been patently sitting on the sidelines.

on June 17, 2021 at 7:54 pm

We just got yet another example. A new data analysis from Harvard University, Brown University, and the Bill and Melinda Gates Foundation calculates how different employment levels have been impacted during the pandemic to date. The findings reveal that government lockdown orders devastated workers at the bottom of the financial food chain but left the upper-tier actually better off.

by King World News on June 17, 2021 at 7:37 pm

When it comes to precious metals, one needs to believe. Plus a look at the big picture on a day when gold and silver were smashed by the algos. The post Algos Bomb Gold, Precious Metals: One Needs To Believe. Plus Big Picture On A Day Gold & Silver Were Smashed appeared first on King World News.

on June 17, 2021 at 7:10 pm

During the global financial crisis more than a decade ago, about one-seventh of such companies in the United States defaulted in a year. However, according to rating agency Moody’s, less than 9% defaulted in the year to August 2020, and ratings have continued to decline since then. By the end of 2021, a fast-growing recovery should be below the long-term average of 4.7%.

on June 17, 2021 at 7:02 pm

Mortgage rates moved decidedly higher after Federal Reserve Chairman Jerome Powell moved up his timeline for raising rates and tapering asset purchases.

on June 17, 2021 at 6:58 pm

“With Texas’ warm climate and low taxes it’s not surprising that three of the top ten MSA [Metropolitan Statistical Area] destinations are in Texas,” the report noted.

on June 17, 2021 at 6:57 pm

"We are still distributing about a million to a million and a half more meals each month than we did pre Covid," said Teresa Schryver, advocacy manager for the St Louis Area Food Bank in Bridgeton, Missouri services for residents in Missouri and nearby Illinois.

on June 17, 2021 at 6:52 pm

Even as the nation rebounds from the coronavirus pandemic, more than 2 million homeowners are behind on their mortgages and risk being forced out of their homes in a matter of weeks, a new Harvard University housing report warns.

on June 17, 2021 at 6:50 pm

Schäuble invokes the ghost of John Maynard Keynes to support his argument. Yet if Europe really wants to follow Keynes’ advice, enshrined in which is a call for governments to up spending in times of economic hardship, it should revise its fiscal policy framework in a more symmetric way. The Growth and Stability Pact aims at avoiding excessive budget deficits and high debt to GDP ratios. It should be tweaked to also discourage excessive fiscal restriction that may result from inflexible national debt breaks too. Otherwise, the eurozone might fall back on the same disappointing outcomes […]

on June 17, 2021 at 6:43 pm

Let's compare actions by the Bank of China to the Fed.

on June 17, 2021 at 6:40 pm

China is resorting to increasingly forceful measures to contain risks to the financial system, in moves that threaten to undermine President Xi Jinping’s pledge to give markets greater freedom. authorities have in recent weeks ordered state firms to curb their overseas commodities exposure, forced domestic banks to hold more foreign currencies...

on June 17, 2021 at 6:02 pm

In this article, we explore the consumer's plight and whether letting inflation run "hot" is a wise and humane way to keep the economic recovery rolling.

on June 17, 2021 at 5:52 pm

The Bloomberg Commodity Index is up 20% this year and on pace for its best year since 2003. This surge has not only fanned inflation fears, but it has created a bullish breakout in the long-term Bl…

on June 17, 2021 at 5:49 pm

While it received far less attention that the Fed's dot plot, the only thing that the Fed actually did change yesterday were its administered rates, as it raised the rate on its overnight Reverse Repo facility from 0% to 0.05% and the rate on excess reserves (IOER) from 0.10% to 0.15%.

on June 17, 2021 at 5:24 pm

I’m wondering if the entire Kabuki Theatre production is being staged to torpedo the price of gold derivatives and thereby help the bullion banks cover a large portion of their unallocated gold liabilities (gold derivatives) ahead of the implementation of the Net Stability Funding Ratio provision of Basel 3.

on June 17, 2021 at 5:06 pm

There's one group of borrowers that can count themselves as 'lucky' during periods of inflation.

on June 17, 2021 at 4:38 pm

The Dow Jones Industrial Average fell for a second day as investors digested the Federal Reserve’s latest policy update, where it moved up its timeline for interest rate hikes and forecast higher inflation.

on June 17, 2021 at 4:23 pm

After spiking dramatically on the "hawkish" FOMC statement, the long-end of the yield curve has utterly collapsed this morning with 30Y Yields down 10bps from its highs...

on June 17, 2021 at 4:09 pm

The Federal Reserve raised expectations for inflation, which brought forward the time frame on when it may raise interest rates. Jim Grant, founder and editor of Grant's Interest Rate Observer, joined "Squawk Box" on Thursday to discuss.

on June 17, 2021 at 3:28 pm

“We’re in a bog of uncertainty, and intense volatility, as it pertains to all the data,” he said. “To be drawing hard-core assumptions on the future, based on what we’re seeing right now, I think is a dangerous proposition.”

on June 17, 2021 at 3:13 pm

Are we about to see the return of crushing inflation like we suffered through in the 1970s? Because the prices of the essentials we need to live -- food, fuel, housing...pretty much EVERYTHING -- have suddenly exploded higher this year.

on June 17, 2021 at 3:10 pm

Portions of the yield curve flattened significantly today, strengthening a move that was already in place.

on June 17, 2021 at 3:05 pm

And when bubbles burst, expect another painful round of asset deflation, likely accompanied by the price deflation they fear.

on June 17, 2021 at 3:04 pm

The Federal Reserve has been bleating that inflation is "transitory"--but what about the real world that we live in, as opposed to the abstract funhouse of rigged statistics? Here's a simple test to help you decide if inflation is "transitory" in the real world.

by King World News on June 17, 2021 at 2:25 pm

The takedown in the gold market continues ahead of Basel III implementation. The post Gold Takedown Continues Ahead Of Basel III Implementation appeared first on King World News.

on June 17, 2021 at 1:36 pm

Fed Sees Rising Rates in 2023 — DiMartino Booth and Jim Bianco with Charles Payne of Fox Business News

on June 17, 2021 at 1:32 pm

The Federal Reserve on Wednesday considerably raised its expectations for inflation this year and brought forward the time frame on when it will next raise interest rates. Mohamed El-Erian, economic advisor at Allianz and Gramercy and president at Queens College, Cambridge, joined "Squawk Box" on Thursday to discuss.

on June 17, 2021 at 12:50 pm

We all hope for the best, of course. But if you think we have logistical and inflation problems now, you really don’t want to contemplate those fat tail risks. The Fed certainly isn’t.

on June 17, 2021 at 12:48 pm

Some potential good news, the total number of Americans on the dole dropped below 15 million...

on June 17, 2021 at 12:46 pm

“The reason for the committee moving a bit in this direction is risk management,” said Jonathan Wright, an economics professor at Johns Hopkins University and a former Fed economist. “The risks of overheating are a bit greater than they were.”

on June 17, 2021 at 12:42 pm

The public health crisis looks as though it’s almost over, while a financial crisis so far has been avoided. The trickiest stage has now arrived. Good luck everyone.

on June 17, 2021 at 12:39 pm

The Federal Reserve on Wednesday tweaked the rates on some of the tools used to help control the benchmark even as it left unchanged the overall target range for the fed funds rate. The upward shift to the so-called administered rates comes amid the growing dollar glut in short-term funding markets that’s outstripping the supply of investable securities...

on June 17, 2021 at 12:35 pm

... and if the Fed even dares to mention tapering its $120 billion monthly bond-buying programs in this week's meeting and or maybe at Jackson Hole later this summer, the world's frothiest housing markets may face downward pressure.

on June 17, 2021 at 12:22 pm

As prices spike for consumer goods like gasoline and cars, the estimate for next year's Social Security cost-of-living adjustment is also rising.

on June 17, 2021 at 12:18 pm

Treasury yields fell on Thursday morning, as investors digested the Federal Reserve's more hawkish monetary policy update.

on June 17, 2021 at 12:11 pm

However, the central bank gave no indication as to when it will begin cutting back on its aggressive bond-buying program.

by King World News on June 16, 2021 at 10:30 pm

Top trends forecaster Gerald Celente is predicting more chaos and violence in the streets, this time because of massive inflation. The post Celente – Expect More Chaos And Violence In The Streets, This Time Because Of Massive Inflation appeared first on King World News.

on June 16, 2021 at 7:57 pm

Fed Blinks: Projects 2 Rate Hikes By End Of 2023. Since the April 28th FOMC meeting, gold is the strong outperformer while the dollar is unchanged. Bonds and stocks are up about the same (1.5-2%)...

on June 16, 2021 at 7:53 pm

The Fed has ignored all the urging to slow down purchases, Powell cut the rug from under any dissenters on the committee, is insisting on printing more than during the depth of the GFC w/ the hottest economy in 50 yrs, inflationary pressures & the largest asset bubble in history.

on June 16, 2021 at 7:09 pm

On another note… We think gold could DOUBLE and silver could increase by up to 5 TIMES in the next few years.

on June 16, 2021 at 6:54 pm

The dollar jumped against a basket of currencies on Wednesday after the Federal Reserve brought forward its projections for the first post-pandemic interest rate hikes into 2023, citing an improved health situation and dropping a longstanding reference that the crisis was weighing on the economy.

on June 16, 2021 at 6:25 pm

Watch Fed Chair Jerome Powell's press conference and follow along with market reaction to the central bank's latest policy decision.

on June 16, 2021 at 6:22 pm

Gold climbed on Wednesday, with prices posting their first gain in four sessions. Gold prices then moved lower shortly after the Federal Open Market Committee kept its benchmark interest rate unchanged near zero, as expected, but increased its personal consumption expenditures forecasts for this year and next. August gold GCQ21, -0.77% was at $1,849.30 ...

on June 16, 2021 at 6:17 pm

U.S. stocks dropped to their session lows on Wednesday after the Federal Reserve raised its inflation expectations and moved up the time frame on when it will hike interest rates next.

on June 16, 2021 at 6:03 pm

The Federal Reserve on Wednesday sharply raised its expectations for inflation this year and brought forward the time frame on when it will next raise interest rates.

on June 16, 2021 at 5:48 pm

Ahead of The Federal Reserve meeting today, here are some interesting numbers that they won’t consider. 🙂 The US export price index (end use) for all commodities for 17.43% year-over-year in…

on June 16, 2021 at 4:38 pm

"Governments have few universally accepted goals. National defense, protection of property, and stability of the unit of account are arguably the three most important because all else rides on them. Hyperinflation destroys all three, so any serious risk of hyperinflation is simply unacceptable...

on June 16, 2021 at 4:37 pm

"The premise for the modern administrative state is the dubious notion that the federal government can scientifically plan the lives of hundreds of millions of people. The practical outcome is a regime of sheer incompetence and counterproductive policymaking that is fundamentally at odds with...

on June 16, 2021 at 4:23 pm

U.S. President Joe Biden held a high-stakes summit with Russian President Vladimir Putin on Wednesday at what the leaders agree is a "low point" in the U.S.-Russia relationship.

on June 16, 2021 at 4:19 pm

Pfizer CEO Albert Bourla told CNBC on Wednesday that he expects life could return to normal for developed countries by the end of this year and the rest of the world by the end of 2022.

on June 16, 2021 at 4:16 pm

There’s a chance it could pencil in an initial rate hike in 2023. In its previous forecast, there was no consensus for a rate hike among Fed officials though 2023.

on June 16, 2021 at 4:04 pm

The Vix, a measure of expected volatility in Wall Street’s S&P 500 equity index, dwindled to a pandemic-era low of 15.7 points on Friday, having surged above 80 during the early stages of the pandemic. A measure of volatility on foreign exchange markets produced by Deutsche Bank also dropped to its lowest point since February 2020 last week.

by King World News on June 16, 2021 at 3:24 pm

Look at what just hit an all-time record... The post Look At What Just Hit An All-Time Record! appeared first on King World News.

on June 16, 2021 at 3:13 pm

U.K. inflation surged unexpectedly past the Bank of England’s target for the first time in almost two years, lifting the pound and adding to speculation about when monetary policy could be tightened.Consumer prices rose 2.1% from a year earlier, the highest since July 2019, the Office for National Statistics said Wednesday. Economists and the BOE had...

on June 16, 2021 at 3:11 pm

The waiting’s over. The European Union has fired the gun on its multiyear bond issuance to fund the 750 billion-euro ($900 billion) pandemic recovery fund that the bloc agreed last summer.

on June 16, 2021 at 3:06 pm

Like a child’s eyes welling up with tears, it will be a sign that all hell is about to break loose.

on June 16, 2021 at 2:33 pm

If I could attend the June 15-16 Federal Open Market Committee, I would ask the voting members what are they trying to accomplish? Based on efforts to help the economy recover and boost general inflation, aggressive monetary accommodation has resulted in more general inflation than any reasonable person would have expected. Is it still appropriate to...

on June 16, 2021 at 2:18 pm

This reminds me of the movie “The NeverEnding Story.” (Bloomberg) — Money-market investors are intensifying their focus on what the Federal Reserve might need to do to mainta…

on June 16, 2021 at 2:17 pm

The stimulus impacts are over already. What's ahead?

on June 16, 2021 at 2:03 pm

Treasury Secretary Janet Yellen is expected to testify before the Senate Finance Committee on Biden's 2022 budget on Wednesday.

on June 16, 2021 at 1:56 pm

China has stepped up its campaign to rein in commodity prices and reduce speculation in a bid to ease the threat to its pandemic rebound from soaring raw material costs. State-owned enterprises were ordered to control risks and limit their exposure to overseas commodities markets by the State-owned Assets Supervision and Administration Commission...

on June 16, 2021 at 1:44 pm

US import and export prices rose more than expected in May (+1.1% MoM and +2.2% MoM respectively). This pushed Export prices up by 17.4% YoY - the highest on record (since 1984) and import prices rose 11.3% YoY - the highest since 2011...

on June 16, 2021 at 1:40 pm

What are you going to do now Mr Powell?

on June 16, 2021 at 12:50 pm

The Federal Reserve is betting supply-driven inflation will be transitory—but that approach depends on inflation expectations staying low.

on June 16, 2021 at 12:47 pm

Gold prices were subdued and confined to a narrow range on Wednesday as investors awaited for any signs of early tapering from the U.S. Federal Reserve meeting. Spot gold was down about 0.3% at $1,853.80 per ounce at 1132 GMT. In a new policy statement and economic projections due on Wednesday, the Fed is expected to acknowledge the first...

on June 16, 2021 at 12:42 pm

The BIS is essentially saying to the banking industry that bitcoin is not a permitted asset for depositories. Adios bitcoin!

on June 16, 2021 at 12:38 pm

In May, the government called for a severe crackdown on bitcoin mining and trading, setting off what’s being dubbed in crypto circles as “the great mining migration.” This exodus is underway now, and it could be a game changer for Texas.

on June 16, 2021 at 12:38 pm

Our central thesis of last’s night piece is that inflation is rapidly accelerating, not just due to the “base effect,” and that financial conditions are far too loose.

on June 16, 2021 at 12:32 pm

The central bank’s outcome-based approach exacerbates economic and financial risks and needs to be addressed now.

on June 16, 2021 at 12:28 pm

U.S. employees are feeling confident enough to push for better pay and conditions, despite the high level of unemployment after the pandemic, a sign the balance of power is shifting in the job market.

on June 16, 2021 at 12:26 pm

\Chicken-sandwich fever means poultry is pacing U.S. food inflation in the meat case.U.S. producer prices for processed poultry jumped to an all-time high in May, climbing 2.1% in the eighth straight monthly increase, U.S. government data showed Tuesday. Gains in poultry outpaced the 0.8% increase in the broader producer price index...

on June 16, 2021 at 12:19 pm

On Wednesday, the Department of Education announced that it had approved the cancellation of approximately $500 million worth of federal student loans held by 18,000 borrowers who attended ITT Technical Institute. The borrowers will have 100% of their loans cancelled.

on June 16, 2021 at 12:14 pm

After three straight weeks of declines, mortgage demand came crawling back, thanks to a drop in interest rates.

on June 16, 2021 at 12:11 pm

Treasury yields fell slightly early on Wednesday, even as investors awaited the outcome of the Federal Reserve's policy meeting in the afternoon.

on June 16, 2021 at 12:08 pm

The timing appears an unmistakable message and warning to the West after on Monday NATO issued a communiqué which for the first time ever singled out China as a central security "challenge" to the military alliance and a stable global order: China's PLA military on Tuesday flew a record 28 fighter jets into Taiwan's air defense identification zone.

on June 16, 2021 at 12:06 pm

One of the most highly-anticipated political events of the year has begun with Russian President Vladimir Putin and U.S. President Joe Biden meeting at their summit in Geneva.

on June 16, 2021 at 12:03 pm

President Biden has proposed a sweeping $6 trillion budget that would slash economic growth over the next decade while killing tens of thousands of jobs, according to a new analysis published Wednesday morning.

on June 16, 2021 at 11:59 am

ederal Reserve policymakers are meeting this week against the backdrop of conflicting economic data, as pent-up demand causes consumer prices to surge – even as millions of Americans remain unemployed more than one year after the coronavirus pandemic began.

by Tyler Durden on June 16, 2021 at 1:45 am

Biden's NATO Warning To Putin: If You Don't Cooperate, 'We Will Respond' Mainstream media is positively giddy with excitement that "tough on Russia" Joe Biden will finally "confront" Putin during their highly anticipated summit in Geneva on Wednesday. Though any level of diplomatic "check mate" won't come publicly as Biden will give a solo press conference, ensuring that he can give his version of events to a pliant press pool, which one admin official earlier described as communicating "with the free press" (...the implication being that Putin's presence would somehow make it […]

by Tyler Durden on June 16, 2021 at 1:25 am

Taper To Be Discussed But Quickly Dismissed; No 2023 Hike Dots Will Be Seen As Dovish By Steve Englander, head G10FX research and NA Macro Strategy at Standard Chartered FOMC Preview – Taper to be discussed but quickly dismissed  Key highlights: Tapering very likely to be discussed and dismissed, unlikely to be mentioned in the statement  UST market unlikely to see major moves; ongoing absence of 2023 hike in dots may be read as dovish  Soft recent data discourages a hawkish signal until the FOMC has more clarity on growth and inflation Talk is cheap The 16 […]

by Tyler Durden on June 16, 2021 at 1:05 am

WHO 'Highly Compromised', Unfit To Lead COVID-19 Investigation According To Former CDC Director The World Health Organization is "highly compromised" and unfit to lead an investigation into the origins of COVID-19, according to former CDC head Robert Redfield. "Clearly, they were incapable of compelling China to adhere to the treaty agreements that they have on global health, because they didn’t do that," Redfield told Fox News on Tuesday. "Clearly, they allowed China to define the group of scientists that could come and investigate. That’s not consistent with their role." […]

by Tyler Durden on June 16, 2021 at 12:45 am

US Indo-Pacific Commander Requests More Spending To Contain China Authored by Alex Wu via The Epoch Times, Facing the Chinese communist regime’s increasing aggression in the Asia-pacific region, the newly appointed Indo-Pacific Commander John Aquilino has recently requested an additional $890 million in spending from Congress to strengthen military equipment in Guam, Alaska, and Hawaii for possible military confrontations. Meanwhile, the Biden administration’s top Asia official revealed a new strategy to contain China in the region. Adm. John C. Aquilino and Adm. […]

by Tyler Durden on June 16, 2021 at 12:25 am

"The Idea That Inflation Is Transitory Is Nonsense": How One Hedge Fund Manager Plans To Profit From Fed Stupidity Ahead of tomorrow's FOMC decision, and in general, two clear camps are emerging when it comes to the increasingly acrimonious debate whether the current soaring inflation is "transitory" or not. In one camp we have the establishmentarians: those with little vision, limited imagination, and whose job precludes them from conceiving of any outcome but that accepted by the groupthink led by the Fed. As noted earlier, this now includes the vast majority of Wall Street... […]

by Tyler Durden on June 16, 2021 at 12:05 am

No, The Second Amendment Was Not Primarily About Suppressing African Americans Authored by Jonathan Turley, The media has given highly favorable coverage to a new book by Dr. Carol Anderson, chair of Emory University’s Black Studies Department, that argues that “[the Second Amendment] was designed and has consistently been constructed to keep African Americans powerless and vulnerable.”  In interviews with media outlets like CNN and NPR Anderson’s theory is not challenged on the history and purpose of the Second Amendment. Like the contested claims of the […]

by Tyler Durden on June 15, 2021 at 11:45 pm

Non-Fungible Tokens Are "Changing The Lives" Of Many In Southeast Asia Just days after we noted that people in South Korea saw bitcoin as their "only chance of escape" from their social status, it looks as though non-fungible tokens are also catching on in Southeast Asia.  At least that was the topic of a new report by Nikkei, which took at look at how skeptics and believers are clashing head-to-head about NFTs, whether they have any value and whether or not they could be the future of asset ownership and finance.  "NFTs are indeed changing the lives of some Southeast […]

by Tyler Durden on June 15, 2021 at 11:25 pm

15 States Are Moving To Curb Public Health Agency Powers Following Lockdown Carnage Authored by John Miltimore via The Foundation for Economic Education, More than a dozen states have passed or advanced legislation to place new checks on the powers of public health agencies in the wake of the pandemic... Mike Fratantuono grew up in a restaurant. Literally. For decades, Sunset Restaurant in Glen Burnie, Maryland, was the family business. Over the years, he’d done seemingly every job imaginable: busboy, bartender, and butcher; prep cook and plumber; handyman and manager. […]

by Tyler Durden on June 15, 2021 at 11:07 pm

Ceasefire Over? Israeli Jets Attack After Incendiary Balloons Fired From Gaza The Israeli military said its aircraft attacked Hamas armed compounds in the Gaza Strip on Wednesday in response to 20 fires sparked by incendiary balloons launched earlier in the day from the territory into southern Israel. At least one explosive balloon was reported over southern Israel, with residents reporting that they saw and heard the balloon explode in the air, according to Israeli media. In a statement, the military said that it was "ready for all scenarios, including renewed fighting in […]

by Tyler Durden on June 15, 2021 at 10:45 pm

899 Patients Given Expired Jabs At Times Square Vaccination Site Authored by Jack Phillips via the Epoch Times Hundreds of people were administered doses of expired COVID-19 vaccines during an event in New York City’s Times Square, city health officials authorities said. The New York City Health Department confirmed that 899 individuals got Pfizer’s COVID-19 vaccine at the former NFL Experience building between June 5 and June 10. A spokesperson for the department told news outlets on Tuesday that those people should schedule another vaccination session as soon as […]

by King World News on June 15, 2021 at 10:25 pm

Here is a look at the gold and miner pullback, plus up for 13 straight years! The post Gold And Miner Pullback, Plus Up For 13 Straight Years! appeared first on King World News.

by Tyler Durden on June 15, 2021 at 10:25 pm

Copper Futures Plunge To Seven-Week Low As Base Metals Slip-On Fed, China Demand Woes ...time to ignore Dr.Copper once again!? Copper prices plunged on Tuesday to their lowest levels in seven weeks over concerns about Federal Reserve's monetary tightening and a pull-back in Chinese demand.  From aluminum to copper to lead to nickel to tin to zinc, the entire base metal complex is down anywhere from 2-4%. Focusing on copper, future prices on the London Metal Exchange are down 4% to their lowest levels in seven weeks. Three-month LME copper futures were trading around […]

by Tyler Durden on June 15, 2021 at 10:05 pm

The 1980s Called, And It Wants Its Industrial Paranoia Back Authored by John Tamny via RealClearMarkets.com, How soon we forget... It was 24 years ago this summer that Steve Jobs was coaxed back to Apple. The only thing was that investors weren’t interested. Titans of tech at the time like Michael Dell dismissed Apple’s long-term potential, and said the company’s assets should quite simply be sold off ahead of it folding altogether. Apple nearly died, but for a $150 million investment care of Bill Gates. Funnily enough Netflix opened its doors right around the time […]

by Tyler Durden on June 15, 2021 at 9:45 pm

Meanwhile... At A San Francisco Walgreens One of California's biggest blunders has been the passage of Proposition 47, which lowered penalties for thefts under $950 and sparked dramatic increases in shoplifting across the metro area over the last several years. Otherwise known as Prop. 47, it's supported by social justice warriors and criminal justice reformers, and the liberal establishment, who have also managed to defund the local police.  The effects of allowing chaos to prevail in liberal-run San Fransico have resulted in 17 Walgreens Pharmacy locations shuttering […]

by Tyler Durden on June 15, 2021 at 9:25 pm

Pennsylvania Public Schools Received More COVID Aid Than Healthcare Providers Authored by Adam Andrzejewski via RealClearPolicy.com, While the country fought a deadly pandemic for more than a year and schools remained closed, the education system in Pennsylvania received more federal aid than health care systems did. The Keystone State collected more than $34 billion in federal aid, including through the CARES Act and the American Rescue Plan Act, according to the think tank Commonwealth Foundation. But the bulk of that money did not go to the Department of Health, Medicaid […]

by Tyler Durden on June 15, 2021 at 9:05 pm

Biden Refuses To Issue Erdogan Meeting Details: "I'll Let The Turks Tell You About It" President Biden on Wednesday said he's feeling "very good" following the bilateral meeting with Turkey's Recep Tayyip Erdogan, but both sides have remained tight lipped about what was actually discussed in the Monday meeting on the sidelines of the one-day NATO summit. US-Turkey relations were already at a low point going into the meeting, particularly after the Biden administration's formal recognition of the Armenian Genocide. But when asked by a reporter about the meeting, Biden declined […]

by Tyler Durden on June 15, 2021 at 8:45 pm

9 Signs That Some Of America's Long-Term Trends Are Starting To Become Very Serious Short-Term Problems Authored by Michael Snyder via The Economic Collapse blog, Ignoring long-term problems can work for a while, but eventually they catch up with you... Over the years, I have written many articles about alarming long-term trends in our society that desperately needed to be addressed.  Of course the vast majority of those long-term trends never got much attention, because our political system tends to reward politicians that focus on short-term issues.  As a result, many of […]

by Tyler Durden on June 15, 2021 at 8:34 pm

WTI Extends Gains After Biggest Crude Draw In 5 Months Oil prices extended their recent (meteoric) rise with WTI topping $72 - 32 month highs - as investors weighed the outlook for rising demand (hopes on gasoline and aviation fuel use rise from pandemic lows and global stockpiles are drawn down) against extended anti-virus curbs in some economies (with officials tackling the challenge posed by more infectious variants). "The continuing good news on the demand front and upbeat sentiment on the financial markets as the key reasons for the latest upswing," Commerzbank analyst […]

by Tyler Durden on June 15, 2021 at 8:29 pm

"We Can Now Return To Life As We Know" - More States Move To Reopen As US COVID Deaths Top 600K As worries about the spread of deadly COVID variants prompts the UK to delay plans to reopen its economy, in the US, it's full steam ahead as more major states announced reopening measures on Tuesday, while the number of confirmed COVID deaths in the country topped 600K. Daily US cases and deaths have fallen substantially as the percentage of the adult population that has been vaccinated has climbed. Now, with some states hitting their thresholds for herd immunity, they're loosening […]

by Tyler Durden on June 15, 2021 at 8:13 pm

Foreigners Dump The Most US Stocks Since 2019 Having broken its 4-month streak of buying in March (the longest streak since 2017), China sold US Treasuries for the second straight month in April (the latest TIC data available), down to fall to $1.096trn in April from $1.100trn in March... Source: Bloomberg But, Japan’s holdings increased in April by $36.4b to $1.277t Source: Bloomberg But, perhaps the most notable aspect of today's TIC data was that for the first time since April 2020, Foreigners sold US equities in April... (and that was the biggest net selling since […]

on June 15, 2021 at 8:02 pm

So why choose silver over gold? For starters, gold's pretty expensive right now. Compared to silver, there's a ~6,700% premium. But what's even more important to look at is the premium that gold currently holds over silver. With the exception of major economic events, silver tends to trade at a fairly similar rate to its more valuable cousin.

by Tyler Durden on June 15, 2021 at 8:00 pm

Bitcoin, Black Gold, & Breakevens Bounce As Retail Sales Slump Sinks Stocks Futures trod water overnight but the wave of selling pressure began at the cash market open (remember Friday is Quad Witch and there is some serious gamma malarkey flying around as yesterday's closing ramp showed). Small Caps bounced hard after the European close but faded late on. Nasdaq was the day's biggest loser... Stocks just could not sustain the idiocy of the late-day meltup in stocks yesterday... A strong 20Y auction eased some of the weakness in Treasuries today, but 30Y yields are […]

on June 15, 2021 at 7:59 pm

Gold fell on Tuesday as the dollar firmed and as markets weighed the chances that the U.S. Federal Reserve this week may signal an eventual easing of stimulus.

on June 15, 2021 at 7:56 pm

As I’ve pointed out before, I believe the CPI significantly understates the impact inflation has on household wealth. The real rate is likely much higher. An alternate measure shows that inflation could actually be closer to 13% year-over-year.

by Tyler Durden on June 15, 2021 at 7:50 pm

Feds Investigating Suspected Chinese Spies' Return To US Ahead Of COVID Travel Ban Authored by Joseph Simonson via the Washington Free Beacon (emphasis ours), Intelligence officials are investigating why suspected Chinese spies returned to the United States on student and work visas at the beginning of the COVID-19 pandemic, according to internal government documents reviewed by the Washington Free Beacon. Travelers at an Air China desk in Feb. 2020 / Getty Images Hundreds of Chinese nationals are the subject of a federal probe after law enforcement officials flagged their […]

by Tyler Durden on June 15, 2021 at 7:35 pm

US Is Already Grappling With Real Inflation Rates Above 10% Kyle Bass Warns Following the latest hot inflationary print, more investors are becoming skeptical of the Fed's view that inflationary pressures are "transitory". Yesterday, famed investor Paul Tudor Jones lamented the deluge of money pumped into the financial system by fiscal and monetary policymakers, and warned that markets might go "bat sh*t crazy" after Wednesday's FOMC press conference, which PTJ believes could be the most important meeting of Chair Jerome Powell's tenure, as the Fed sees its grip on a rapidly […]

on June 15, 2021 at 7:34 pm

Join Mike Maloney and Jeff Clark as they investigate the potential returns of silver when measured against the stock market. There’s also some great information on a massive divergence in the housing market, along with a chart of the day and some wonderful viewer feedback.

by Tyler Durden on June 15, 2021 at 7:15 pm

Politico Fact Bombs New York Times Over Criticism Of Leak Prosecutor Authored by Jonathan Turley, The New York Times faced a stinging contradiction from Politico this week after it ran a story besmirching the lead prosecutor in the leak investigation launched under former Attorney General Bill Barr. The article relies on anonymous sources to claim that Assistant U.S. Attorney Osmar Benevenuto of the District of New Jersey was brought in by Barr as part of his “small circle of trusted aides officials.”  In reality, it appears that Benevenuto was not initially selected by […]

by Tyler Durden on June 15, 2021 at 6:56 pm

An Apparently Confused Biden Goes Silent After Fielding Question About Putin More clips have surfaced which highlight Biden's apparent difficulty in handling unscripted back-and-forth discussion during his ongoing foreign policy focused Europe trip. As early as the weekend at the G-7 the Associated Press had noticed a "handful of verbal stumbles" the US president made. As we also highlighted there would be more to come. And then at his big Monday night NATO summit presser, there was the following bizarre moment... Vladimir Putin laughed at the suggestion that you had called […]

on June 15, 2021 at 6:51 pm

The IRS said it is continuing to distribute federal stimulus checks to eligible Americans, with another 2.3 million payments issued on last week. Some of those payments include "plus-up" adjustments for people who received less money than they were entitled to in earlier checks.

by Tyler Durden on June 15, 2021 at 6:44 pm

Jon Stewart Hijacks Colbert Show With Lab-Leak Rant, Liberal Twitter Explodes Comedian Jon Stewart overpowered Stephen Colbert's ability to shill on Monday, hijacking the Late Show's return to a live (and fully vaccinated) audience with an epic rant on the COVID-19 lab-leak theory. "I think we owe a great debt of gratitude to science. Science has, in many ways, helped ease the suffering of this pandemic, which was more than likely caused by science," Stewart said after Colbert asked how he was feeling about the scientific response to COVID-19. "Do you mean perhaps there’s a […]

on June 15, 2021 at 6:27 pm

In 19 states, a family of four with two parents who aren’t working can receive benefits roughly equal to a $100,000 annual salary. A new study exposes this welfare state dysfunction and why it's such a problem.

on June 15, 2021 at 6:23 pm

Congress is hard at work on a stimulus bill. Doubtless their efforts will pay off. Does anyone stop to ask what it is about stimulus that stimulates? And what, exactly, does it stimulate?

on June 15, 2021 at 6:16 pm

Older people who remember bouts of high inflation see much stronger price pressures ahead.

on June 15, 2021 at 6:07 pm

Six different states are already suing over a broad prohibition on tax cuts that was slipped into March's $1.9 trillion COVID relief bill.

on June 15, 2021 at 6:06 pm

A hundred-year-old protectionist law that makes traffic worse and goods more expensive.

on June 15, 2021 at 6:05 pm

Another week, another record for container shipping spot rates. And alarmingly for shippers, upward rate momentum is accelerating.

on June 15, 2021 at 6:00 pm

Nobody seems to notice the 'diminishing returns' on Fed manipulation, oops, I mean 'intervention'.

on June 15, 2021 at 5:16 pm

The brick-and-mortar meltdown for mall landlord started years before the Pandemic. For WPG, it started in 2016.

on June 15, 2021 at 5:14 pm

With home prices sky-high, demand for single-family rental homes is soaring – and so are the rents. 

on June 15, 2021 at 5:10 pm

Ten senators are trying to sell their colleagues on a bipartisan infrastructure plan, but they are facing skepticism from some Democrats.

by King World News on June 15, 2021 at 4:59 pm

Monetary madness continues, but look at what is happening to prices. The post Monetary Madness Continues, But Look At What Is Happening To Prices appeared first on King World News.

on June 15, 2021 at 4:17 pm

While it's not exactly clear when these traders will be leaving, one thing is clear: New York State and its leader, Gov. Andrew Cuomo, are the biggest losers here.

on June 15, 2021 at 4:15 pm

RepRep. Thomas Suozzi (D-N.Y.), a member of the tax-writing House Ways and Means Committee, said that he’s exploring the idea of a one-time tax on the wealth of the richest Americans as Democrats seek to increase taxes on the rich in order to pay for spending priorities.

on June 15, 2021 at 4:07 pm

Bass noted that the Federal Reserve’s easy-money policy has added about 34% more money to the system in the last 14 months, a move that effectively cuts into the consumer's buying power. "That means people that have money in the bank, in their savings, are losing, call it 5% to 12% of their purchasing power now annually," he said.

on June 15, 2021 at 3:50 pm

Earlier this year, none other than Michael ‘Big Short’ Burry confirmed BofA’s greatest fears, as he picked up on the theme of Weimar Germany and specifically its hyperinflation, as the blueprint for what comes next in a lengthy tweetstorm cribbing generously from Parsson's seminal work, warning that:...

on June 15, 2021 at 3:47 pm

There's an FOMC meeting this week and we are expecting a policy statement at 2:00 PM on Wednesday. Many commentators are calling this FOMC meeting the “most important” in recent years. Big picture … did the Fed move the goal posts?

on June 15, 2021 at 3:07 pm

Let's investigate the relationship between the Fed's QE program, bank lending, and alleged stockpiling of cash.

by King World News on June 14, 2021 at 9:45 pm

With the Basel III deadline approaching, bullion banks are massively short $34 billion of paper gold!  Will the gold market catch fire? The post WILL GOLD MARKET CATCH FIRE? With Basel III Deadline Approaching, Bullion Banks Massively Short $34 Billion Of Paper Gold! appeared first on King World News.

by King World News on June 14, 2021 at 2:25 pm

Today James Turk told King World News that gold and silver prices are about to break free from manipulation. The post Turk – At Last Gold & Silver Prices Are Going To Break Free From Manipulation appeared first on King World News.

by King World News on June 13, 2021 at 8:10 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 final and total catastrophe lies ahead for the global currency and financial system. The post Greyerz – Final And Total Catastrophe Lies Ahead for The Global Currency And Financial System appeared first on King World News.

by King World News on June 13, 2021 at 2:52 am

Today the top trends forecaster in the world, Gerald Celente, told King World News that the price of silver is headed to new all-time highs. The post Celente – The Price Of Silver Is Headed To New All-Time Highs appeared first on King World News.

by goldseek on August 16, 2020 at 2:07 pm

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

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