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As of late February, investors had borrowed a record $814 billion, the fastest annual increase, since before the 2008 financial crisis!
Just in the past 12 months, from March 2020 through April 2021, the value of dollar on the index has dropped from 98.7 to 93.1. That's an astonishing 9.7%, in just a single year.
Market Watch: 'We're seeing widespread frothiness, bubbles, risk-taking and leverage,' warns 'Dr. Doom' on state of stock-market
Roubini, was once named one of the "top 100 global thinkers" after his accurate calls about the impact of the housing crisis more than a decade ago.
With prices climbing faster than what's being reported, investors would be wise to get exposure to assets that are seeing some of the highest inflation right now!
New York Post: $1 Trillion? Why Not $5 Trillion! For Progressives, the Sky is No Longer the Limit on Spending
In a year, the Fed has nearly doubled its own holdings from $4 trillion to $7.7 trillion. Inflation "is a real danger," wrote economist Stephanie Kelton!
The ink is barely dry on Democrats' $1.9 trillion stimulus plan, but The White House is slated to roll out a new spending plan on Wednesday!
The combination of massive federal spending and Fed easy-money policies will spark inflation that could lead to many of these bubbles bursting!
Gold is an excellent instrument that hedges against inflation. Its price surges when the cost of living rises.
Inflation may be in check today. But once it gets its claws into a demand-fueled, supply-constrained economy, history teaches that there's not an easy or painless way to tame it.
NBC News: Covid Stimulus and Trillions for Infrastructure Spending Ignore that U.S. Debt Still Matters
A flood of spending and a flood of debt - the upcoming Biden proposal to overhaul infrastructure and address climate change may call for spending another $3 trillion!