Skyrocketing Prices And Shortages March 29 (King World News) – Peter Boockvar: Recovering from the weather shock in February, along with the previous factors of the need for inventory rebuilding that is getting clogged up with logistical issues and raw materials, in addition to getting prepared for further reopenings, the Dallas manufacturing index in March rose to 28.9 from 17.2 and well b... read more
President Joe Biden will separate his sprawling plan to upgrade the nation’s infrastructure into two separate pieces that he will unveil weeks apart, White House press secretary Jen Psaki said on Sunday. Psaki said on Fox News Sunday that Biden will unveil the first part of his plan, focusing on items like rebuilding roads and railways, on Wednesday. The second part of Biden’s plan will... read more
Billionaire investor Ray Dalio — who founded the world's largest hedge fund, Bridgewater Associates — in a new interview warned that the stock market is a bubble "halfway" to the magnitude of those that triggered historic market crashes like the dot-com bust and the Great Depression. Speaking with Yahoo Finance, he cautioned that some high-performing stocks have benefited from single-min... read more
Fidelity Investments is preparing to launch its own bitcoin exchange-traded fund as the investment giant works to cement its clout in the market for digital assets and virtual currency. FD Funds Management, a subsidiary of Fidelity, said on Wednesday that it plans to provide financial backing for an exchange-traded fund called the Wise Origin Bitcoin Trust. The firm filed a Form S-1 with... read more
Allegations of ongoing physical supply issues are reaching a crescendo this week as individual investors report difficulty in redemptions of unallocated silver positions from some major mints. In fact, even COMEX is significant demand for delivery with over 30 million ounces of silver having been withdrawn from their depository warehouse in the early part of 2021. Update March 23: Silver (XA... read more
WASHINGTON (Reuters) - President Joe Biden will be briefed by advisers this week on infrastructure, climate and jobs proposals being considered by the White House that could collectively cost as much as $4 trillion, according to people familiar with discussions. FILE PHOTO: U.S. President Joe Biden speaks about the state of vaccinations during a coronavirus disease (COVID-19) response even... read more
A $1.9 trillion stimulus package was recently signed into law in the United States. Can such a stimulus bill, plus packages passed in other countries, really pull the world economy out of the downturn it has been in 2020? I don’t think so. The economy runs on energy, far more than it operates on growing debt. Our energy problems don’t appear to be fixable in the near term, such as six mo... read more
The Boston Herald reported in May 1924 that a police officer, upon seeing a man groping around the pavement on his hands and knees, had asked for an explanation. «I lost a $2 bill down on Atlantic Avenue», obliged the man. «Then why are you hunting around here in Copley Square?» The man paused and turned his gaze upwards towards the officer, «because the light’s better up here». The... read more
March 17 (King World News) – Gerald Celente: As we have forecast, the 20th century was the American century – the 21st century will be the Chinese century. The business of China is business; the business of America is war. While America spent countless trillions waging and losing endless wars and enriching its military-industrial complex, China has spent its trillions advancing the nat... read more
Reuters reported that the Polish central bank wants to buy at least 100 tonnes of gold. At current price levels, this is worth around $5.5 billion. President Adam Glapinski said, “At the moment, we have 229 tonnes of gold, of which more or less half was bought during my term in office,”. He added, "Over the course of a few years we want to buy at least another 100 tonnes of gold and keep it... read more