GOLD IS CHEAPER NOW Gold is currently priced at $1772 oz., somewhat lower than its peak in August 2020 at $2060 oz. In either case, the gold price has increased considerably since 1980. After forty years, though, one might be inclined to ask in all sincerity “Is that all there is?” The question has merit. […]
Read MoreNo matter how you slice it, the so-called ‘transitory’ inflation that made headline after headline earlier this year, looks more permanent. In September, headline inflation increased at an annual rate of 4.4%. As reported by outlets, that was the fastest rate of increase since 1991. The Fed refers to core inflation as its primary measurement […]
Read MoreAs investors awaits details of when and how the Federal Reserve plans to taper its massive monetary stimulus — and with inflation running as hot as ever — at least one investor thinks the market is likely to pull back from records as the central bank confronts price pressures that are throttling businesses and consumers. […]
Read MoreWarren Buffett says this is the best type of business to own when inflation spikes — in other words, what you should buy right now High inflation rates in the country have become a serious concern on Wall Street. But fortunately for everyday investors, Berkshire Hathaway chief Warren Buffett has plenty of experience in navigating […]
Read MoreInvestors now are experiencing a perfect storm of inflation in the U.S. Perfect storms are generated from seemingly small factors. Each on its own may not be particularly significant, but the combined result is an event that significantly exceeds the sum of the parts. Inflation is always caused by too much money chasing too few […]
Read MoreBetween 2003 and 2008, the value of the U.S. dollar fell compared to most major currencies. The depreciation accelerated during 2007 and 2008, impacting both domestic and international investments. Currently, the dollar is strong and is well above the average for the past 10 years. The dollar’s strength reflects a robust U.S. economy, low Federal Reserve […]
Read MoreDavid Hunt, President and CEO of PGIM, at the Milken Institute Global Conference in Beverly Hills, Calif. Patrick T. Fallon/AFP/Getty Images After a nearly 2½-year hiatus, billionaires and the investors who follow their moves descended on Beverly Hills, Calif., to attend the Milken Institute Global Conference. The theme was “Charting a New Course,” but the […]
Read More(Bloomberg) — One after another, commodities from aluminum to natural gas have surged as pandemic aftershocks rattle supply chains. Gold could be next, although for very different reasons. That’s the view of two of the biggest names in Canadian mining — the former chiefs of Goldcorp Inc., David Garofalo and Rob McEwen — who predict […]
Read MoreFood in the US is getting more expensive, and that’s largely being driven by rising beef prices. In the past year, the consumer price index for food rose 0.9%, while the index for beef rose 17.6%, according to the Bureau of Labor Statistics. So what’s happening? At the height of the pandemic, covid-19 outbreaks forced […]
Read MoreA fully loaded HMM container ship waiting to dock at the Port of Oakland in California. Michael Vi/Alamy If given the opportunity, most people would use a time machine to right a wrong or see the future. But Wall Street seems to want to go back to the 1970s, when stagflation reigned. At one point, […]
Read MoreWith oil well above $50 a barrel, Chevron should be able to sustain its dividend. Kyle Grillot/Bloomberg Inflation is proving to be more enduring than passing, leaving investors on the hunt for reliable sources of income. Bonds are hardly the place to be. Even former bond king Bill Gross this past week called bonds “garbage,” […]
Read MoreFreeport-McMoRan Inc. (FCX) hit a 6-month low and turned higher in September after the Copper futures contract carved a potential double bottom at the 50-week moving average. Two upgrades have followed that turnaround, raising odds the copper-levered blue chip miner has finally ended a healthy correction and will now test May’s 9-year high in the […]
Read MoreMarketWatch has highlighted these products and services because we think readers will find them useful. We may earn a commission if you buy products through our links, but our recommendations are independent of any compensation that we may receive. The latest report from the Commerce Department revealed that inflation, which rose in August, has hit […]
Read MoreFedEx’s shares slid more than 8% Wednesday after a big earnings miss, owing to rising labor costs outpacing strong revenue. David Paul Morris/Bloomberg Common stocks are supposed to be hedges against inflation, according to Finance 101, because corporations typically pass along higher costs to customers by increasing selling prices. But if they can’t, companies must […]
Read MoreOne of the big themes this year of the “reopening” trade has come from a generally expected increase in consumer activity in activities that were almost completely restricted in 2020 such as travel to take vacations. That generally implies consumer demand for airlines, hotel bookings, and resorts should also increase, which is typically good news […]
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