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by confoundedinterest17 (Bloomberg) — U.S. central bankers backed off in July from an earlier readiness to set a clearer bar for raising interest rates, a step that would underscore their commitment to an extended period of ultra-loose monetary policy. “With regard to the outlook for monetary policy beyond this meeting, a number of participants noted that providing greater clarity … Read more
by confoundedinterest17 The world’s major central banks aren’t purchasing debt fast enough, leaving almost $1 trillion of new sovereign bonds looking for buyers in the months ahead. The flood of fresh debt, sold by governments to fund pandemic-rescue packages, threatens to dwarf central-bank buying and swamp markets in many countries, according to Bloomberg calculations. By contrast, most of … Read more
Trump’s Dr. Fauci lockdown created the greatest economy ever. Wall Street got a blank check Americans get an eviction notice. Millions soon to be foreclosed on.
by Kimble Charting Is King$ about to experience a dual breakdown of support? If so, will the world no longer believe in the US$? This chart looks at the U.S. Dollar over the past 22-years on a weekly basis. The 92 zone, which is line (1), has been support and resistance several times over the past couple … Read more
https://www.youtube.com/watch?v=TF8Ft59k5GY California health officials have reported that a resident of South Lake Tahoe has tested positive for plague, marking the first such case in the state in half a decade. The individual is recovering at home. It’s believed that the person was infected by a flea while walking their dog, El Dorado County’s Health and … Read more
by Kimble Charting Its been an interesting year in the financial markets, to say the least. And today’s chart qualifies as “interesting” indeed. When the market crashed in March, bond prices surged as yields fell. And the 20+ Year US Treasury Bond ETF (TLT) hit $179 before reversing lower. This seemed like a somewhat normal market response. The … Read more
How much of what you believe is going on within the world’s current events is actually true? Do you think you would make different decisions if your perception was missing important bits of information that change any given story? This is an important question right now, as much of what people think is happening comes … Read more
by jessefelder Almost two years ago I wrote, “Why Warren Buffett Would Be Buying Precious Metals Again (If He Could).” In that piece, I referenced a quote from his 1997 Letter to Berkshire Hathaway Shareholders: “Last year, we purchased 111.2 million ounces. Marked to market, that position produced a pre-tax gain of $97.4 million for us in … Read more
https://youtu.be/6zM8iSLICE0 I’m not saying what’s going on in the news isn’t important, but ultimately we have to remain vigilant of what’s happening behind the scenes. This is how they distract us. And this video breaks down exactly what’s happening. h/t NoCensoredNewsNet
Apple hit a market cap of $2 trillion, doubling in valuation in just over two years. It’s the first publicly traded U.S. company to reach a $2 trillion market cap. Apple was also the first publicly traded U.S. company to reach a $1 trillion market cap. Apple hit a market cap of $2 trillion Wednesday, doubling in … Read more
TCNTV, Released on 8/19/20 Egon von Greyerz predicts an economic destruction of markets and asset values and a major wealth transfer and tell’s The Capital Network’s Executive Director Lelde Smits who stands to loose and gain the most. Egon von Greyerz specialises in wealth management and wealth preservation for high net worth individuals. He’s the … Read more
by Darren Brady Nelson via Mises Even those in the nonfinancial media have noticed the skyrocketing price of gold this year. Some partially identify, but don’t quite understand, some of the many (and more measurable) intermediary effects in the chain of causation such as a “weakened US dollar” and “low bond yields.” Those in the financial press add to these factors ones like “central bank … Read more
Fox Business, Released on 8/19/20 Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider’s Take … Read more
https://www.cnbc.com/2020/08/19/jpmorgan-chase-held-talks-with-us-postal-service-about-installing-atms-in-post-offices.html JPMorgan Chase, the biggest U.S. bank by assets, has held talks with the U.S. Postal Service about placing ATMs in post office branches. “We had very preliminary conversations with the U.S. Postal Service several months ago about what it might look like to lease a small number of spaces to place ATMs to better … Read more
