Month: March 2021

ZeroHedge/Jim Reid, Deutsche Bank/3-1-2021

“When I talked about the inflation picture slowly turning before the pandemic, the major reason was that I thought we were moving more towards a helicopter money / MMT world and away from fiscal austerity. The pandemic has accelerated this and a Blue Wave has picked up the baton in its crest.” – Jim Reid, chief credit strategist, Deutsche Bank

USAGOLD note: Reid, in short, does believe that we are more at the beginning than the end of the money creation process. He says that central banks (not just the Fed) will “lean quite hard” against rising rates. All of which gives one the impression that the Fed might be nearing some kind of an announcement. One more event like last week’s bond market scare might be enough to prompt it.

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MarketWatch/Steve Goldstein/3-2-2021

“Lockdowns have driven a wedge between the consumption of services and goods, generating additional demand from both households and governments looking to stimulate activity while minimizing the virus spread,” they said. … The Goldman analysts said the bull market is being driven by demand, not supply.”

USAGOLD note: Goldman led the charge on commodities and its earlier predictions for the commodities’ complex are looking pretty good at this juncture, as shown in the index chart below. The price increases across the spectrum of commodity categories from agricultural to base metals will likely feed into retail pricing as we move through 2021.

Chart courtesy of Trading Economics.com • • • Click to enlarge

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