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Keyword: investing

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  • You Can’t Create Permanent Inflation From Artificial Growth

    06/18/2021 7:40:37 AM PDT · by blam · 7 replies
    Real Investment Advice ^ | 6-18=2021 | Lance Roberts
    Much like “Humpty Dumpty,” despite the Fed’s best efforts, you can’t create permanent inflation from artificial growth. Currently, depending on whether you are “bullish” or “bearish,” there is much angst over the prospect of higher inflation. If you are bullish, higher inflation is a reflection of surging economic growth. If you are bearish, higher inflation leads to rising costs and higher rates. However, we need a better definition of what inflation is. “In order to understand the effects of inflation it is helpful to understand that inflation is not a general rise in prices as such, but an increase in...
  • Is Inflation "Transitory"? Here's Your Simple Test

    06/17/2021 8:49:49 AM PDT · by blam · 19 replies
    Of Two Minds ^ | charles hugh smith
    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. Let's start with some simple stipulations: price is price, there are no tricks like hedonics or substitution. Nobody cares if the truck stereo is better than it was 40 years ago, the price of the truck is the price we pay today, and that's all that matters. (Funny, the funhouse statistical adjustments never consider that appliances...
  • US Is Already Grappling With Real Inflation Rates Above 10% Kyle Bass Warns

    06/15/2021 4:18:59 PM PDT · by blam · 17 replies
    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 overheating economy start to slip. On Tuesday morning, billionaire hedge fund investor Kyle Bass warned during an appearance on CNBC that official...
  • Financial Blowout Ahead: Lobotomized Economists Clash On The Deck Of The Titanic (Inflation To Skyrocket)

    06/14/2021 6:04:14 AM PDT · by blam · 12 replies
    As the geniuses running the western financial bubble sometimes called an “economy” continue to double down on their obsession to pump a dead financial system with ever more trillions in stimulus spending, arguments are raging among brainwashed economists living in denial over the oncoming systemic collapse. The thought of engineers on the Titanic passionately arguing over whether they should accelerate or decelerate the speed of the boat whose hull has long been torn to shreds by an iceberg comes to mind. On one side of the debate, figures like U.S. Treasury Secretary Janet Yellen and Fed Chair Jerome Powell champion...
  • What The Next Gold Confiscation Will Look Like… And How To Protect Yourself

    06/13/2021 3:39:26 PM PDT · by blam · 80 replies
    Zubu Brothers ^ | 6-13-2021 | Nick Giambruno
    On April 5, 1933, under the pretext of a national emergency, President Franklin D. Roosevelt issued Executive Order 6102, making it illegal for U.S. citizens to own gold. The decree forced Americans to sell their gold at an artificially low “official price.” If they refused, the government could hit them with stiff penalties: a $10,000 fine (equivalent to $205,000 today) and/or up to 10 years in prison. The government blatantly stole wealth from the American people. Many worry the U.S. government might confiscate gold again if it becomes desperate enough. I don’t think those fears are unfounded. The U.S. government’s...
  • Core Consumer Prices Surge At Fastest Rate Since 1992

    06/10/2021 7:09:16 AM PDT · by blam · 28 replies
    With the world’s eyes having moved on from China’s rip-roaring PPI (and post-data decision to unleash price controls), this morning’s CPI print has been heralded as the arbiter of “is it transitory or not” with some (BofA) even suggesting we are nearing a period of “transitory hyperinflation.” The answer for now is – inflation’s still accelerating as headline CPI soared 5.0% YoY (hotter than the +4.7% expected). That is the highest level of inflatuion since Aug 2008.But it is core CPI that is the huge outlier, soaring 3.8% YoY – the hottest level of inflation since 1992…Goods prices are up...
  • Deutsche Bank Says Rising Inflation Is A Forthcoming Global Crisis

    06/07/2021 9:01:36 PM PDT · by blam · 33 replies
    Newsmax ^ | 6-7-2021 | Jim Thomas
    Inflation is likely to persist and lead to a crisis in the years ahead, according to a warning from Deutsche Bank economists, reported CNBC. Deutsche issued a dire warning, that is well outside the consensus from policymakers and Wall Street, that focusing on stimulus while dismissing inflation fears will prove to be a mistake if not in the near term, then in 2023 and beyond. “The consequence of delay will be greater disruption of economic and financial activity than would otherwise be the case when the Fed does finally act,” Deutsche’s chief economist, David Folkerts-Landau, and others wrote. “In turn,...
  • Soaring Used Car Prices May Result In “Shocking” Inflation Report Next Week

    06/07/2021 1:53:36 AM PDT · by blam · 48 replies
    Zubu Brothers ^ | 6-7-2021
    Used car prices in the US continue to surge due to both the country’s economic recovery and an ongoing supply crunch. There are two components to watch in the core inflation report due next week. First is, and most importantly, are used car prices and second is the rent of shelter. Core inflation in April saw a more significant contribution to used car prices pushing inflation upwards of 2% YoY mainly because prices of used vehicles on the month jumped 21% YoY. For those who haven’t seen what is going on in the used car space, here is a chart...
  • Gold: The Past Years Are Often The Best Guides

    05/27/2021 4:22:47 AM PDT · by blam · 5 replies
    The market Oracle ^ | P_Radomski_CFA
    As we know, history tends to rhyme. It’s never the same, but when you zoom out, the bigger picture often looks very similar. What does it mean for gold? Short-term implications With gold’s back-and-forth price action mirroring its behavior from 2012, the yellow metal is likely destined for devaluation. Back then, gold zigzagged with anxiety before suffering a material drawdown. In fact, in early October 2012, it moved slightly above the initial highs right before sliding. Moreover, while the yellow metal has bounced above its declining resistance line (the black line below), the price action mirrors gold’s behavior from early...
  • Inflation, Money And Supply Bottlenecks

    05/26/2021 5:54:27 AM PDT · by blam · 6 replies
    Daniel LaCalle ^ | 5-26-2021 | Daniel LaCalle
    “The constant refinancing of debt from companies of doubtful viability also leads to the perpetuation of overcapacity because a key process for economic progress, such as creative destruction, is eliminated or limited”. One of the arguments most used by central banks regarding the increase in inflation is that it is because of bottlenecks and that the recovery in demand has created tensions in the supply chain. However, the evidence shows us that most commodities have risen in tandem in an environment of a wide level of spare capacity and even overcapacity. If we analyse the utilization ratio of industrial and...
  • Known Stock Market Leverage Hits WTF High. Out the Other Side of its Mouth, the Fed Warns about Hidden Leverage that Blew up Archegos

    05/19/2021 12:04:56 PM PDT · by aimhigh · 54 replies
    WolfStreet ^ | 05/18/2021 | Wolf Richter
    Stock market margin debt jumped by another $25 billion in April, to a historic high of $847 billion, according to FINRA data. It has exploded by $188 billion in six months, and by 61% year-over-year, and by 55% from February 2020: Excess leverage is the precise and predictable result of the policies the Fed is promoting out of one side of its mouth with its interest rate repression and asset purchases.Out of the other side of its mouth, the Fed – via its blissfully ignored Financial Stability Report – is warning about leverage, stock market leverage, and particularly the vast...
  • Why Global Inflation Is About To Go Into Overdrive

    04/27/2021 5:06:37 AM PDT · by blam · 36 replies
    Nation And State ^ | 4-27-2021 | Tyler Durden
    If you think inflation is already blistering hot - as most companies and survey respondents clearly do - and the worst case been largely priced in, with little inflationary upside left, think again. As Bloomberg notes, last week saw the Bloomberg Agriculture Spot Index rise by the most in almost nine years, to extend the stellar rally seen since last August.Due to the lag between ag costs and finished food prices, the latter are about to soar. And since food is a large component of CPI baskets in Asia, Bloomberg warns that "this large inflationary impulse in the region that...
  • Crypto Exchange Binance Introduces Stock Trading Starting With Launch of Tesla Tokens

    04/14/2021 2:02:01 PM PDT · by aMorePerfectUnion · 4 replies
    The Daily HODL ^ | April 14, 2021 | Mark Emem
    Global crypto exchange Binance is expanding its offerings with the launch of stock tokens. In a new blog post, Binance reveals that it is unveiling tradable stock tokens that enable users to access shares of companies listed in traditional stock exchanges.Binance notes that each stock token is fully backed and represents one share of equity stock. To facilitate the sale and storage of stock tokens, the crypto exchange has teamed up with investment firm CM-Equity AG and Switzerland-based asset tokenization platform Digital Assets AG. Holders of stock tokens on Binance will be eligible to receive dividends if and when they...
  • Bitcoin’s 2021 ROI outperforms Wall Street’s best sectors

    03/23/2021 8:05:22 AM PDT · by aMorePerfectUnion · 44 replies
    CoinJournal ^ | 3-9-21 | Hassan Maishera
    'Goldman Sachs said that Bitcoin’s 2021 returns had eclipsed that of the stock market’s best performing sector Investment bank Goldman Sachs revealed that it had started tracking Bitcoin’s performance at the beginning of the year, and so far, the leading cryptocurrency has outperformed the stock market. According to Goldman Sachs, Bitcoin’s year-to-date return is double that of Wall Street’s best performing sector. ... As of 4 March, the leading cryptocurrency’s year-to-date returns are around 70%. The ROI is double that of the energy sector (35%), which occupied the second position. Bitcoin (BTC) began the year close to the $30,000 mark...
  • Rabo: The “Roaring 20s” Are Pushing Us Deeper Toward 1929

    02/17/2021 8:04:34 AM PST · by blam · 2 replies
    Truly Times ^ | 2-17-2021 | Michael Every
    The “Roaring 20s” continued to roar yesterday, pushing us deeper towards 1929 even if it is unclear exactly where we sit in the parallel to that unhappy decade. I have repeatedly said the 1920s are a ridiculous analogy for our 20s if that is meant as anything positive. We’ve all had fun dressing up as The Great Gatsby at an office party; and lots of people are having fun dressing up as The Great Gatsby in real life today; but very few dress up as hungry British workers during the General Strike (1926); or Soviet workers carrying out the first...
  • BofA Hints That Weimar 2.0 Could Be Coming

    02/15/2021 6:24:42 PM PST · by blam · 60 replies
    Truly Times ^ | 2-15-2021
    It's no secret that BofA's Chief Investment Officer has been warning that 2021 - the year of the vaccine - is one where real inflation (as opposed to financial) will run amok sooner or later, and in his latest Flow Show he repeats his two main contentions about how events will play out in the coming months, namely "the velocity of people will rise" and "the velocity of money will (also) rise". Addressing the first, Hartnett writes that since the core 2021 trends will be "vaccine>virus", and "reopening>lockdown", this means that human mobility will rise & macro data will surge...
  • Crazy Days For Money

    02/13/2021 6:58:08 AM PST · by blam · 18 replies
    GoldMoney ^ | 2-13-2021 | Alasdair Macleod
    This article anticipates the end of the fiat currency regime and argues why its replacement can only be gold and silver, most likely in the form of fiat money turned into gold substitutes. It explains why the current fashion for cryptocurrencies, led by bitcoin, are unsuited as future mediums of exchange, and why unsuppressed bitcoin has responded more immediately to the current situation than gold. Furthermore, the US authorities are likely to suppress the bitcoin movement because it is a threat to the dollar and monetary policy. This article explains why growth in GDP represents growth in the quantity of...
  • GameStop Saga Shows that Crony Capitalism Is Alive and Well

    02/03/2021 9:13:31 AM PST · by Kaslin · 13 replies ^ | February 3, 2021 | Bob Barr
    Once upon a time, stock trading served as a way for businesses to raise capital and for traders to make investments. If companies flourished, stocks rose and investors made money; if not, stocks fell and investors lost money. This was the way the stock market was intended to function. Over time, however, more and more rules and regulations were added, each to address something that at the time was thought necessary to prevent cheating and manipulation. Just like the proverbial “Road to Hell,” Wall Street became paved with regulatory good intentions. Instead of eradicating cheating, manipulation, and fraud every new...
  • The Resurgence of Silver

    01/29/2021 10:56:24 AM PST · by amorphous · 109 replies
    Daily Reckoning ^ | 27 January 2021 | James Rickards
    Most investors who focus on precious metals and commodities know that gold had a great year in 2020, up 24.6%. However, not as many know that silver did even better! Silver was up 47.4% in 2020, rising from $17.80 per ounce on January 2, 2020, to $26.35 per ounce on December 31, 2020. Silver didn’t just outperform gold in 2020; it also outperformed every other major asset class, including U.S. small cap stocks (up 18.5%), U.S. stocks (up 15.5%), U.S. corporate bonds (up 9.7%) and U.S. Treasuries (up 3.6%). Many other asset classes declined in price in 2020, including commodities,...
  • Instability

    01/27/2021 9:37:55 AM PST · by blam · 2 replies
    Northman Trader ^ | 1-27-20321 | Sven Henrich
    In every century the same thing happens at one point or another. Society loses the plot and gets caught up in a mania, a grandiose exercise in self delusion. It can be political, it can be religious, and yes it can be economic. Sometimes these manias are confined to regions or small groups of people, sometimes they are vast in reach and impact and have global consequences. We can all think of examples. Religious? How about witch burnings? Politics? How about Nazism? Economics? How about all the manias that had fervent believers and adherents that with the hindsight of time...