Posts tonen met het label Biden. Alle posts tonen
Posts tonen met het label Biden. Alle posts tonen

zaterdag 6 november 2021

$1 Trillion Infrastructure Bill Passed

The $1 trillion infrastructure bill just passed. This will benefit commodities like copper.

—$40b bridges
—$70b roads
—$11b safety
—$39b transit
—$66b Amtrak/rail
—$7.5b e-vehicle chargers
—$5b clean buses
—$17b ports
—$25b airports
—$50b water resilience
—$55b drinking water
—$65b broadband
—$65b electric grid
—$21b enviro remediation
—$73b power/clean energy

Roads and bridges: Headlining the 2,702-page bill's spending, roughly $110 billion of new funds would go toward improving the nation's roads and bridges, and investments in other major transportation programs.

Public transit: The package also includes the largest-ever federal investment in public transit, allotting $39 billion to modernize systems, improve access for the elderly and people with disabilities, and repair more than 24,000 buses, 5,000 rail cars and thousands of miles of train tracks.

Amtrak: The legislation marks the largest investment in passenger rail since the creation of Amtrak 50 years ago, with $66 billion earmarked for high-speed rail, safety improvements, Amtrak grants and to modernize the rail route connecting Washington, D.C., to Boston.

Broadband internet: Tacking on to billions authorized by last year's American Rescue Plan, the infrastructure bill includes $65 billion to bolster the country's broadband infrastructure and help ensure every American has access to high-speed internet, with one in four households expected to be eligible for a $30-per-month subsidy to pay for internet.

Electric grid: Though many clean-energy measures were cut from the bill to satisfy spending-weary lawmakers, a $65 billion investment will help upgrade the nation's electricity grid, with thousands of miles of new transmission lines and funds for environmentally friendly smart-grid technology.

Electric cars, buses and ferries: In addition to $7.5 billion for the nation's first network of electric-vehicle chargers along highway corridors, lawmakers have shored up $5 billion for zero-emission buses (including thousands of electric school buses) and $2.5 billion for ferries.

Clean drinking water: Following high-profile water-supply crises plaguing cities like Flint, Michigan, the legislation includes a provision for $55 billion to replace all the nation's lead pipes and service lines, representing the largest investment in clean drinking water ever.

Great rivers and lakes: Among the bill's $48 billion for water infrastructure improvements, about $1 billion is slated to go toward the Great Lakes Restoration Initiative, a sweeping clean-up measure targeting toxic hot spots—or areas of heavy industrial pollution—around the Great Lakes region.

Airports: More than $25 billion has been allocated to help modernize America's airports—funds the Airports Council International says will help tackle more than $115 billion worth of project backlogs.

Road safety: The deal invests $11 billion in transportation safety programs, including a new program to help states and localities reduce crashes and fatalities in their communities, particularly among cyclists and pedestrians.

vrijdag 28 mei 2021

Biden Budget

Biden released his budget forecasts.

What strikes me is that the 10 year yield will be lower than today, which benefits gold. Debt and deficits will continue to rise by $1.5 trillion per year. So you can forget that the U.S. will ever get into surplus. Which means the U.S. dollar can only go lower.



donderdag 22 april 2021

Biden Capital Gains Tax

A 7% capital gains tax on stocks could hit the market if it is approved. This tax will lower GDP and lower bond yields and make stocks less attractive. This will be wildly bullish gold of course.

woensdag 4 november 2020

Gold Forecaster Index: The Effect Of The Presidential Elections On Gold (04-Nov-2020)


Presidential Elections

Probably contested election.

Trump wins: 4 more years of this.


Biden wins: 
  • Clean energy: silver higher on EV, solar demand
  • China deals: buy Chinese stocks
  • Oil sector bust, net energy thermodynamic collapse
  • Tax corporations: stocks under pressure, lower GDP
  • Universal basic income: consumer inflation
  • More stimulus: consumer inflation
  • USD crashing on higher debt