Gold and Silver Industry & Investing News
Today’s gold and silver market news, curated from the best of GoldSilver's team and around the web. Everything precious metals investors need to know including updates on big price swings, macro analysis, and breaking stories. Check back often or subscribe to get the highlights in your inbox. Monitor live spot prices on our charts page.
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QE Bond Purchases Make the Financial Markets Riskier: Raghuram G. Rajan
With growth so uncertain, it is understandable that central banks would be wary of beginning to taper monthly bond purchases before it is clear that inflation has taken off. But they would do well to recognize that prolonging quantitative easing implies significant risks, too.
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As Housing Prices Rise, So Will The Temptation To Impose Controls
Inflation means a dollar today is worth less tomorrow. So, I worry about inflation, a phenomenon that impacts people with less money harder than people with more money. People’s earnings are also important, especially since a wage is also a price. Wages often don’t keep up with inflation or lag behind increases in consumer prices.
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Wall Street Is Buying Up Family Homes. The Rent Checks Are Too Juicy To Ignore
Pension funds, investment firms and Wall Street banks are snapping up family homes in Europe and the United States at a rapid pace as prices rocket higher, looking for alternatives to lockdown-hit office parks and shopping malls, and betting that a permanent increase in remote working following the coronavirus pandemic will keep demand for suburban houses elevated.
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More on the Eviction Crisis, Bad Ideas in Congress, Assessing the Blame
New York State has spent $0 of its allotment of Federal funds to halt evictions.
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Mandates Will Be Necessary To Convince 93 Million Americans To Accept The Vaccine
Dr. Fauci said last Aug. 13 that when you have fewer than 10 cases per 100,000, “you should be able to open up safely and clearly.” The U.S. reached that point in mid-May. It’s time to stop the fear mongering and level with the public about the incredible capabilities of both modern medical research and the human body’s immune system.
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Big Economic Challenges Await Biden and the Fed This Fall
Expiring unemployment benefits and the Delta variant add uncertainty to a recovery that has brought strong growth but an unusual labor market.
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Infrastructure Bill Pulls $31 Billion From COVID Disaster Loan Program
The Senate's $1 trillion legislation would permanently claw back funds Congress offered to businesses hard-hit by the Covid pandemic.
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Infrastructure Bill as Political Plunder and Social Engineering
"Joe Biden and the Congressional Democrats and Republicans consider it their political business to impose infrastructure spending and construction on the rest of us. So, not surprisingly, a bipartisan infrastructure bill is working its way through Congress with just...
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"Inflation is Half Our Mandate" and Other Amusing Quotes of the Day
Fed Chair Jerome Powell inadvertently let slip the Fed's true mandate.
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Fed's Preferred Measure of Inflation is Only 4.0%, Anyone Believe That?
Year-over-year PCE is up 4.0%. That's the Fed's preferred measure of inflation.
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Wall Street Sell-Siders As Bullish Today As In 2002, Bubble Redux? (Addicted To Gov)
You might as well face it, we’re addicted to gov. Or at least perpetual Federal Reserve intervention. Financial Times has a great graphic showing that Wall Street sell-side analysts are as bu…
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Fed Support for Mortgage Bonds Hits Low Point in July, Mortgage Refi Activity Remains Elevated
Things have not been the same since the Covid outbreak in early 2020. And that includes mortgage refinancing. As The Fed poured on the gas to the economy, mortgage rates (that were already declinin…
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Biden Approval Ratings on COVID and Economy Fall in New Survey
Just 22% give the economy positive marks now and are optimistic.
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The SEC Needs More Power From Congress To Fully Regulate Crypto, Chair Gensler Says
SEC Chairman Gary Gensler said Tuesday that Wall Street's top regulator needs Congress to grant it more power to oversee the crypto market.
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Senate Infrastructure Bill Cracks Down on Crypto Tax Reporting
The Senate’s $1 trillion bipartisan infrastructure bill calls for a crackdown on cryptocurrency tax reporting. Here's how it may affect investors and brokers.
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Household Debt Jumps by the Most in 14 Years to Nearly $15 Trillion in the Second Quarter
Household debt rose by its highest dollar amount in 14 years during the second quarter, thanks mostly to a surge in the housing market.
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As the Economy Hits Its Peak, Stock Market Gains Could Be Harder To Come By
Diminishing economic returns could mean diminishing stock market returns as the U.S. transitions to a post-pandemic economy.
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Coming Soon: America’s Own Social Credit System
China’s social credit system is a combination of government and business surveillance that gives citizens a “score” that can restrict the ability of individuals to take actions — such as purchasing plane tickets, acquiring property or taking loans — because of behaviors.
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Cuba and Venezuela Offer Cautionary Tales of Socialism
For the past decade, citizens of Latin American countries have grown bolder in protesting their governments' failed socialist policies. We’ve seen unrest in, among other states, Venezuela, Chile and Colombia, but until recently, we hadn’t heard a peep...
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German Business Group Says ECB Rates Policy Threatens Euro
“The rising inflation rates are a troubling warning signal,” said Wolfgang Steiger, secretary-general of the CDU Wirtschaftsrat, a business group of 12,000 members that is close to Chancellor Angela Merkel’s Christian Democrats (CDU).
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