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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Resetting the Federal Debt
That the debt is unpayable may be obvious, but the endgame is not obvious at all. The Fed keeps printing, but no default. How come? Is a simple "reset" coming?
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Problems of Federal Reserve Policy: AIER
"To stabilize the economy, informed citizens must study the faults of discretionary central banking and call for reforms to protect against them. 'Money and the Rule of Law' accomplishes the first goal. The second is up to us." ~ Thomas L. Hogan
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Global Debt Rises $32 Trillion in 2020 to $290.6 Trillion Amid COVID Pandemic: Moody’s
The Covid-19 pandemic and its aftermath has pushed the global debt higher by $32 trillion in 2020 to $290.6 trillion led by government and non-financial corporate debt, and will continue to rise in 2021, said a latest release by Moody's Investor Service (Moody's).
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U.S. Government Stimulus Went Wrong. How Will Gold React?
The implication is clear: precious metals investors shouldn’t bet on a change in the Fed’s stance any time soon. And as the yellow metal is very sensitive to tapering fears, this is positive news for gold bulls.
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The Fed Risks Reacting Too Slowly if Inflation Keeps Rising: FT
Getting the world as a whole out of the pandemic crisis is far from a done deal. Much more still needs to be done on that. Furthermore, the new approach to monetary policy of the world’s most important central bank risks serious overshooting. By responding only to outcomes, it is nigh on certain to react too slowly. It is possible that this will not matter, because expectations remain well anchored, whatever happens. I pray this will be case. The alternative does not bear much thinking about.
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One Reason U.S. Treasuries Don’t Seem That Worried About Inflation
In the aftermath of the 2008 subprime crisis, regulators became determined to stamp out the kind of funding stresses that had brought the financial system to its knees. Efforts at shoring up the system included new liquidity requirements that required large banks to hold big buffers of ostensibly safe and liquid assets that could be used to protect against outflows. These portfolios typically fall under the umbrella of High-Quality Liquid Assets, ...
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Post-Pandemic Metamorphosis: Never Going Back
People caught on that the returns on the frenzied hamster wheel of "normal" have been diminishing for decades, but everyone was too busy to notice. They all attributed their burnout, exhaustion and emptiness to specifics within their own lives, but now they've awakened to the reality that burnout, exhaustion and emptiness have always been systemic, i.e. the consequence of the system as the returns for participants diminish with every passing day.
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The Countries with the Most Monstrous Business Debts: US in 22nd Place
China and the tax havens rule! The debt of US nonfinancial businesses had already surged in recent years, but when the Pandemic hit, businesses went on a borrowing binge as the Fed has repressed interest rates to record lows even for the riskiest corporate borrowers.
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Pension Funds Foresee Price Increase in Precious Metals: Study
Out of the 150 European pension funds researched – which have combined assets under management worth $213bn (€174.9bn) – 85% expect the price of gold to increase over the next 12 months as jewellery consumption rebounds fully in line with the global economic recovery.
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Transitory Inflation (and Deflation)
Talk of price inflation is everywhere now. Base effects from a year ago mean that readings of changes in consumer prices have jumped markedly. But some people are pointing to other statistics which might warn of future accelerating price inflation.
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Will Government Bonds Continue To Sink Lower?
Something has got to give… If buyers step to the plate, we could see a tradable bounce/rally in government bonds. However, if this important support line fails to hold at (2), then TLT will continue to sink! Stay tuned!
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60 Members of Congress From Both Parties Victims of Latest Ransomware
At least 60 members of Congress from both parties have been unable to access data for weeks in the latest ransomware attack to strike the United States.
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The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax
ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.
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How the Fed's Inflation Policies Benefitted the Top 1% In Pictures Part 1
The results of Fed interest rate policy are both clear and damning.
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The Fed Says Inflation Is Transitory, It Has a Vested Interest to Lie
The Fed's track record on inflation predictions, housing predictions, bubbles, dot plots, and literally everything else has either been one big set of lies or one big set of misses. Perhaps it's a combination.
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A Couple Things About Inflation
The higher they push phantom "assets" based on exponential increases in leverage, the greater the air gap between essential tangibles and fantasy.
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Update: Deutsche Bank Warns of Global ‘Time Bomb’ Coming Due to Rising Inflation
Inflation may look like it will go away but is more likely to persist and lead to a crisis in the years ahead, according to Deutsche Bank.
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U.S. Trade Deficit Narrows Slightly From Record Levels As COVID-Era Demand for Imports Lets Up
The goods and services shortfall declined to $68.9 billion for the month, down from the upwardly revised $75.02 billion in March
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Nobody Wants Work: Job Openings Soar To All Time High 9.3 Million As Record Numbers Quit Their Job
Finally, confirming the overheating in the labor market sparked by "Biden's trillions" and the tsunami of unemployment benefits which has prompted a wave of revulsion toward work in general, in April the level of quits - or people leaving their job voluntarily due to better prospects elsewhere -
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Small Business Optimism Slips on Hiring, Inflation Worries -NFIB
U.S. small-business confidence edged lower last month, the first decline in four months, as a nationwide labor shortage and inflation worries weighed on business owners' economic outlook, according to a survey released on Tuesday.
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