
Powell Pumps Bitcoin, Bonds, & Big-Tech; Crashes Dollar
• Zero Hedge"You have meddled with the primal forces of nature, Mr Powell..."
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"You have meddled with the primal forces of nature, Mr Powell..."
If you are an artist, now is a good time to (finally) cash in. If you are a consumer, please be careful. And if you are a HODLer, then you should feel vindicated...
However, housing starts crashed in the MidWest (down 34.9%) suggesting this unexpectedly large drop is weather related.
Tim Picciott (The Liberty Advisor) gives the Economic Report - Dr. Judy Mikovits, PhD, provides an update on her being assaulted by Airline and Police (Publisher Recommended)
There appear to be three reasons for huge retail sales miss...1. payback from the stimulus-induced gain in January; 2. delayed tax refunds; 3. Winter blizzard.
...pushed the YoY drop in production down to 4.25%...
Looming Negative Interest Rates, Bank Runs, Run-Away Inflation, Rush To Buy Gold & Silver Predicted
Out of habit, American economists worry about federal debt. But federal debt can be redeemed by the Federal Reserve printing the money with which to retire the bonds.
As Americans watch their bills relentlessly rise, they're repeatedly told by official sources that there is no inflation, or 'not enough' inflation. According to the Fed, prices aren't rising fast enough! They've yet to hit their "inflation target."
There is some suggestive evidence that lowering the cost and barriers to trade and increasing the volume of trade will boost GDP.
Fiscal stimulus, including the latest $1.9 trillion American Rescue Plan Act, is a terrible joke. And the means for financing it is a terrible fraud.
Back in early February, we looked at a story out of Long Beach, California where the City Council passed an ordinance requiring large, chain grocery stores to provide workers with an extra four dollars per hour as "hero pay" during the pandemic.
They are assuring us that we don't have to be concerned about "inflation" because they have everything under control.
Pension savers are crushed by interest rate repression and the changing demographics of Covid, while the deluge of debt fuelled by low rates does nothing for economic sustainability...
"And as if in answer there came from far away another note. Horns, horns, horns, in dark Mindolluin's sides they dimly echoed. Great horns of the north wildly blowing. Rohan had come at last."
The markets seem to think the Fed is going to fight inflation.
A massive Los Angeles hilltop mansion with an asking price once touted at $500 million now faces a notice of default.
The markets seem to think the Fed is going to fight inflation.
According to the Congressional Budget Office (CBO), 2021 will be the second year in a row in which the federal debt exceeds Gross Domestic Product (GDP).
Before President Trump and Republicans focused their energy on Baltimore City, showing how decades of liberal-run leadership transformed...
Shipping bottlenecks created by the virus pandemic have disrupted global supply chains.
Confronted with a severely weakened economy as the consequence of the policy-ordered lockdowns, governments now get ready to apply another severe blow to the economy.
Update 1800ET: Goldman is out with a short but handy list of the primary differences between the original version of the $1.9 trillion stimulus passed by the House, and the amended version passed by the Senate which is heading back to the House for a
Update 1800ET: Goldman is out with a short but handy list of the primary differences between the original version of the $1.9 trillion stimulus passed by the House, and the amended version passed by the Senate which is heading back to the House for a
Fed Chair Jerome Powell spooked the markets this week by predicting that inflation will jump when the economy reopens – but don't worry, it's just temporary. Here's the real-time CNBC account:
While silver has traditionally exaggerated gold's upward and downward moves, the roles have been reversed over the past six months.
Part 1: The dash for cash; Short-Term funding market vulnerabilities; Treasury market functioning.
Joe Biden is giving so much money to states as part of the $1.9 trillion stimulus package that they're set to receive approximately six times more money than estimated tax revenue shortfalls across the country, according to Bloomberg.
Senate Democrats and Joe Biden struck a last minute deal over Biden's $1.9 trillion pandemic relief bill, choosing to keep federal unemployment benefit payments at $400 per week but phase out the measure's $1,400 stimulus checks more quickly.