Tag: may 11 2021

Prices for corn, soybeans, and wheat – crops that are the foundation of much of the world’s diet – have reached levels not seen since 2013, fueled in part by speculators expecting prices to rise even more, some analysts say. Wheat has passed its February 2013 high and closed 7 May at $7.73 a bushel...

Investors and analysts are growing more worried about inflation, but officials at the U.S. Federal Reserve – the agency charged with keeping inflation controlled – are not sharing those anxieties and instead continue to insist that any sudden rise in prices will be small and short-lived. Some Fed officers even seem to welcome what inflation...

The economy is rebounding as consumers express pent-up demand, but suppliers are unable to respond as quickly. As a result, consumer prices shot up 2.6 percent in March, the biggest monthly jump since August 2018 and notably higher than the U.S. Federal Reserve’s 2-percent benchmark. A broad array of items are in short supply, driving...

What we have been warning – and what people who can think for themselves clearly understand – is that the economy was destroyed by the COVID War lockdown, and it has been artificially pumped up with heavy doses of monetary methadone injected into the system by Washington and the Fed. Now, finally, the U.S. Federal...

Good News: Last Thursday, new claims for unemployment benefits fell to 498,000 during the week ending 6 May, the fourth consecutive weekly decline, the fourth week of claims below 600,000, and the lowest number since the pandemic began 14 months ago, the U.S. Labor Department reported. The figure beat the consensus estimate of 538,000 among...

Steel demand crashed during the COVID War. Now, as the world’s economy reopens, mills are unable to meet the sudden surge in demand. As a result, prices for both steel and steel company stocks have skyrocketed. The good news for U.S. steel users: all of the country’s pre-COVID War capacity is back online… but at...