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It’s Getting Serious: Dollar’s Purchasing Power Plunges Most since 2007. But it’s a Lot Worse than it Appears

Wolf Street, Released on 5/12/21 Fed officials, economists “surprised” by surge in CPI inflation, but we’ve seen it for months, including “scary-crazy” inflation in some corners. Continue……

Wolf Richter: The Most Hyped Corners of the Stock Market Come Unglued

Wolf Street, Released on 5/11/21 Once upon a time last year, there was the EV startup hype-boom that found its way to the SPAC hype-boom, and the two combined and…

Commodities that will rule the green, digital transition

Mining.com, Released on 5/9/21 A new report by Fitch Solutions predicts some commodities will receive an added boost over the next 20 years as they take a central stage in…

Stanley Druckenmiller says the Fed is endangering the dollar’s global reserve status

CNBC, Released on 5/11/21 “If they want to do all this and risk our reserve currency status, risk an asset bubble blowing up, so be it. But I think we…

Mish Shedlock: Dogecoin, Created as a Joke, is the Epitome of Greater Fool Mania

Mish Talk, Released on 5/6/21 Dodgecoin was created in 2013 as a joke. It rose 10,000% this year. Dogecoin is an altcoin (Bitcoin alternative). The correct pronunciation is “dohj coin.”…

Bitcoin is coming to hundreds of U.S. banks this year

CNBC, Released on 5/5/21 For the first time, customers of some U.S. banks will soon be able to buy, hold and sell bitcoin through their existing accounts, according to crypto…

Yellen Reverses Earlier Hawkish Comments Entirely, Says “I’m Not Predicting Anything”

Zero Hedge, Released on 5/4/21 Just as we predicted – but even sooner than we expected – Treasury Secretary Janet Yellen has not just walked back her earlier statement but…

Stocks Extend Losses After Yellen Says “Rates Will Have To Rise”

Zero Hedge, Released on 5/4/21 “It may be that interest rates will have to rise a little bit to make sure our economy doesn’t overheat.” “We’ve gone for way too…

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