from GoldCore TV:
TRUTH LIVES on at https://sgtreport.tv/
by Wolf Richter, Wolf Street:
“Makes you wonder if there’s a potential mid-QE-life crisis taking shape in Ottawa”: strategists at the National Bank of Canada in a note that would be hilarious if it weren’t so serious.
The Economics and Strategy shop at the National Bank of Canada, the country’s sixth largest bank, sent a missive to clients today that would be hilarious if it weren’t pointing at such a serious and massive issue: It celebrated “40,” referencing a 40th birthday, but instead of a birthday, it referred to the Bank of Canada’s ballooning holdings of Government of Canada (GoC) bonds, which will hit a stunning 40% of all GoC bonds outstanding this Friday.
by Mish Shedlock, The Street:
To support president Biden’s $2.3 trillion infrastructure proposal, Yellen Pushes for Global Minimum Tax Rate on Multinational Corporations.
Treasury Secretary Janet Yellen argued for a global minimum corporate tax rate Monday, seeking international cooperation that is crucial to funding the administration’s $2.3 trillion infrastructure proposal.
by Jim Rickards, Daily Reckoning:
With so much news about an economic reopening, a border crisis, massive government spending and exploding deficits, it’s easy to overlook the ongoing war on cash.
That’s a mistake because it has serious implications not only for your money, but for your privacy and personal freedom, as you’ll see today.
Cash prevents central banks from imposing negative interest rates because if they did, people would withdraw their cash from the banking system.
by Clint Siegner, Money Metals:
Central bankers and their comrades in Washington DC changed course in 2020. The policy shifted from “print money and hand it to Wall Street” to “helicopter money” in the form of direct payments and loans to citizens.
The fiscal stimulus, like the Fed’s monetary stimulus before it, provided a fix that addicted markets needed to stay high.
The helicopter money represents another “temporary” measure that will almost certainly become permanent. Much like Quantitative Easing and Zero Interest Rate Policy, bureaucrats will have a very hard time stopping what they have started.
by Wolf Richter, Wolf Street:
Houston has been for years the toughest major office market for landlords, after a historic office-tower construction boom collided with the Great American Oil Bust that started in 2015 and reached a crazy paroxysm in April 2020, with benchmark crude oil grade WTI collapsing briefly to minus $37 a barrel in the futures market. During 2020, hundreds of oil and gas companies filed for bankruptcy, most of them in Texas. On top of it came the Pandemic’s shift to working from home.
It is becoming increasingly clear, as companies announced their plans, that there is a long-term shift to a hybrid model, with some employees working permanently from home, others working in the office nearly all the time, and many others working from home part of the time, and showing up at the office part of the time, with hot-desking and big lounge-type meeting areas taking over desk farms. And companies can reduce their office footprints.