Reports

This post The “Great Reset” Is Here appeared first on Daily Reckoning. For years, currency analysts (myself included) have looked for signs of an international monetary “reset” that would diminish the dollar’s role as the leading reserve currency and replace it with a substitute, which would be agreed upon at ...

Sometimes new data can shed light on an uncertain situation, especially in financial markets. Other times it simply adds to the confusion. Such was the case with the most recent U.S. employment report released June 4 for the month of May. The analyst world was glued to their news feeds, ...

Interest rates remain chained at zero. Any slight increase remains one year distant — at minimum — and likely two years distant. Meantime, the Federal Reserve continues to purchase assets at the rate of $120 billion the month. It is only now beginning to “talk about talking about” kinking the ...

I try to keep politics out of my economic analyses, and my approach is non-partisan. But sometimes I can’t avoid it because political policies can have significant economic impacts. Today is one of those times. One of Joe Biden’s first acts as President was to kill construction of the Keystone ...

The Federal Reserve has pursued its 2% inflation grail with a monomaniacal determination, like madmen chasing phantoms or mad dogs chasing tails. It has largely been a juiceless pursuit… “as elusive as sheet lightning playing among June clouds.” Inflation has bubbled a bit here, gurgled a bit there — but ...

The federal funds rate remains glued at zero… as Mr. Powell and his fellows announced this afternoon. Yet is the Federal Reserve wobbling on its forecast of “transitory” inflation? Does it now fear an enduring inflationary menace? Today they mumbled the “transitory” line again. Yet their “dot plot” suggests two ...

Boring. I never thought I would say that about gold prices, but the gold price action for the last nine months has been boring. And that’s actually a good thing. Why? After beginning with the boring part, I’ll explain. Let me unpack this… Gold prices hit an all-time high of ...

For the past 22 years, every time the stock market whimpered, wheezed or whined, the Federal Reserve rushed to soothe the spoiled crybaby. There are two consequential results of the Fed as savior: 1. The Fed has perfected moral hazard: everyone from the money manager betting billions to the punters ...

Please take aboard these three suppositions: Supposition 1): An economy’s production of goods increases 12% across one year. Supposition 2): Its money supply blooms at the identical 12% rate across the same year. Supposition 3): Demand for goods and supply of goods balance in perfect equilibrium. Now stack suppositions 1,2 ...

“The evidence is clear. COVID lockdowns saved lives without harming economies.” This we have the authority of one Los Angeles Times columnist — Mr. Michael Hiltzik by name. Here is the clear evidence he cites: An Italian team found that lockdowns start to reduce the number of COVID infections about ...