Gold prices reflect a shift in paradigm – Part I

Companies Report Raging Inflation, Except In Wages & Rents Authored by Wolf Richter via Wolf Street, Manufacturers reported that the costs of health insurance for employees shot up by 14.2% on average; service firms reported an average increase of 12.9%, according to a report by the New York Fed based on a survey of companies in the New York-Northern New Jersey region. These are averages, but “some firms reported increases of between 25% and 50% when they renewed their coverage,” the report said. Manufacturers and service firms both reported that the costs...

Hillary Clinton Breaks With Party Line, Admits Mass Migration Is "Disruptive & Destabilizing" After U.S. Secretary of State Marco Rubio spoke earlier on Saturday at the Munich Security Conference, where he said the U.S. and Europe "belong together" and argued for a stronger West, former Secretary of State Hillary Clinton, who served under former President Barack Obama, appeared on a panel later that afternoon and made surprising remarks about mass migration. Clinton participated in a panel titled, "The West-West Divide: What Remains of Common Values," and said that mass migration...

Markets Have Returned To Taking Headlines As Gospel By Molly Schwartz, cross-asset macro strategist at Rabobank US Treasury yields have been falling for the past two days. On Monday, we saw US rates grind lower after Powell gave a speech at Harvard University where he seemed to hint that hikes were not part of the Fed’s plan for the immediate future, noting that “tariffs have a one-time impact on inflation” and that “there are risks to both sides of the mandate.” In times like these where inflation fears have been...