Silver as an investment

Category Archives: Disinflation

Jim Rickards Warns “QT1 Will Lead To QE4”

Authored by James Rickards via The Daily Reckoning, There are only three members of the Board of Governors who matter: Janet Yellen, Stan Fischer and Lael Brainard. There is only one Regional Reserve Bank President who matters: Bill Dudley of New York. Yellen, Fischer, Brainard and Dudley are the “Big Four.” They are the only […]

BOJ Plans To Drop Inflation Target At Thursday’s Meeting

The Bank of Japan is finally acknowledging something that Federal Reserve policy makers like San Francisco Fed President John Williams acknowledged months ago, when he published a paper highlighting the growing disconnect between the tightening labor market and consumer prices. As Credit Suisse strategist Burkhard Varnholt explained two months ago, the growing heft of e-commerce […]

Watch Live: Yellen Testimony Day 2, And Three Questions She Should Answer

Yesterday, Janet Yellen surprised markets again, when after weeks of a hawkish setup, she suggested that the Fed is not only uncertain “about when – and how much – inflation will respond to tightening resource utilization”, warning that the federal funds rate may “not have to rise all that much further to get to a […]

RBC Explains The Market’s Sudden Regime Shift

There's a clear change in the air as growth stocks are pummeled, bond yields spike, and central bankers wax hawkish. Here is RBC's head of cross-asset strategy Charlie McElligott to explain what's happening… The selloff in USTs & duration / concurrent ‘bear steepening’ is further-set to act as an ‘accelerant’ on both my equities ‘rotation’ […]

Why the Tech Wreck May Be a Temporary Blip

financialsense.com / MATTHEW KERKHOFF / 06/12/2017 Leadership is an important consideration in any type of market, bull or bear. When market leadership is thin and quickly changes direction, it can signal a shift in the tone of the overall market. The rally that has unfolded in recent months has been changing in character. Originally, the thrust began as […]

Goldman: The Fed Will Hike This Week, But Here Are “The Two Most Interesting Questions”

On Wedensday the FOMC will hike rates by another 25 bps – an event which the Fed Funds market prices in with near virtual certainty, while Goldman calls the rate increase “extremely likely” – and only a “tail” event like an extremely weak CPI report on Wednesday morning, hours ahead of the Fed announcement, has […]

“Technology Has Changed The Game”: Why The Rise Of Robots Will Be A Permanent Deflationary Force

Back in 2015, BofA put together a simple equation trying to explain the pervasive deflationary wave around the globe when it said that “Deflation = Debt plus Disruption plus Demographics.” In his overnight take on recent events, Bloomberg macro commentator Mark Cudmore took another look at this underlying assumption, and specifically the “disruption” part, or […]

What The Jobs Report DIDN’T Tell You Last Week

Ever since the gold report was published, the gold price moved up. This caught several investors by surprise, as some of them even continued to dump gold, scared by what appeared to be a good jobs report. ‘Appeared to be’, because? Yes, 227,000 new jobs were created, and we can’t deny that’s a positive evolution. […]