The Federal Reserve did not pull out any surprises on Wednesday. Jerome Powell and Associates left interest rates unchanged near zero, and said that this target range of between zero percent and 0.25 percent will be here to stay until the economy fully recovers. The Fed also confirmed that it will keep its various stimulus […]
Federal Reserve
MONEY PRINTER GO BRRR: Money-supply growth hits another new high
By: Ryan McMaken In June, for the third month in a row, money supply growth surged to an all-time high, following new all-time highs in both April and May that came in the wake of unprecedented quantitative easing, central bank asset purchases, and various stimulus packages. The growth rate has never been higher, with the […]
Goldman Sachs warns inflation could threaten U.S. dollar’s reserve currency status
Inflation was low. The U.S. dollar is the premier reserve currency. Gold is just a shiny metal to look at in your vault. It has been hard to convince Wall Street to acquire gold. Well, it looks like institutional investors are placing all bets on the 5,000-year-old metal and sounding like students of the Mises […]
Is gold headed to $5,000 within five years? One hedge fund manager thinks so
How high will gold go? $2,000? $2,500? How about $5,000? Diego Parrilla, the head of the $450 million Quadriga Igneo fund, says the yellow metal could top $3,000 as central banks will fail to contain inflation over the next decade. Speaking in an interview with Bloomberg, Parrilla avers that unprecedented stimulus from the Federal Reserve […]
Federal Reserve money-printing surges to all-time high in May
By: Ryan McMaken Money supply growth surged to another all-time high in May, following April’s all-time high that came in the wake of unprecedented quantitative easing, central bank asset purchases, and various stimulus packages. The growth rate has never been higher, with the 1970s the only period that comes close. It was expected that money […]