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UK PM Johnson Says Talking to U.S. About Banning Russia From Swift Payments SystemJan 25, 2022 - 08:10:28 PST
British Prime Minister Boris Johnson on Tuesday said he was discussing banning Russia from the Swift global payments system with the United States.
Pentagon Places Thousands of Troops on Standby in Standoff With Russia: WSJJan 25, 2022 - 07:56:45 PST
The U.S. military has ordered up to 8,500 U.S. troops on standby to potentially deploy to Eastern Europe amid heightened tensions over Russia’s presence near Ukraine’s border, in what amounts to an escalation toward U.S. military involvement, U.S. officials said.
The Conference Board Consumer Confidence Index® declined in January, after an increase in December. The Index now stands at 113.8 (1985=100), down from 115.2 in December. The Present Situation Index—based on consumers' assessment of current business and labor market conditions—improved to 148.2 from 144.8 last month. The Expectations Index—based on consumers' short-term outlook for income, business, and labor market conditions—declined to 90.8 from 95.4.
Jan 25, 2022 - 07:28:47 PST
The Case-Shiller National home price index “slowed” to 18.81% YoY in November as The Fed continues its monetary stimulypto. Notice that The Fed is easing even when there is limited inventory available. Result? Hideous home price inflation.
Mainstream Suddenly Realizes Raising Interest Rates in a World Buried in Debt Might Be a ProblemJanuary 25, 2022
The Federal Reserve is talking about raising interest rates. But the US economy is buried under piles of debt. I've been asking how this is going to work for months. Apparently, the question has finally occurred to the mainstream.A CNBC article declared, "Fed rate hikes will intensify a global debt crisis, research warns."
“I would not expect our gold position to change in the foreseeable future,” said Frankfurt-based Schmidt, who has 8% of his funds in gold. “We don’t see a dramatic change in the interest-rate environment.”
Jerome Powell’s first four years as Federal Reserve chair were defined by saving the U.S. economy from the historic challenge of the pandemic. His second term -- and his legacy -- will be about saving the economy from overheating.
There's a long-held belief that Federal Reserve chairs are economic maestros, writes J.W. Mason. As the nation is about to find out, it's a myth.
Although the Fed has signaled it will very likely raise rates multiple times this year, the first post-COVID rate increase is not expected this week.
The mainstream thinking is the gold standard failed. But as Peter Schiff explained in his podcast, the gold standard didn't fail. We failed to stay on the gold standard.The gold standard succeeded so well that the government went off of it."
As the Stock Market Plunges, the Fed Is Making a Mistake by Focusing on Rates, Scott Minerd: MWJan 25, 2022 - 05:10:41 PST
Scott Minerd, CIO of Guggenheim Investments, says the FOMC needs to focus on shrinking its roughly $9 trillion balance sheets not raising rates.
A “rocky” stretch for U.S. stocks is far from over, with the tech-heavy Nasdaq indexes poised to fall into bear markets thanks to the Federal Reserve’s newfound zeal to undercut inflation, according to Jeremy Siegel, finance professor at the Wharton School of the University of Pennsylvania.
“There is a worry that one should have about the divisiveness and what it means for each other,” Dalio said Monday during a wide-ranging interview for “The David Rubenstein Show: Peer-to-Peer Conversations,” scheduled for broadcast Feb. 2 on Bloomberg Television.
Investors Fear 'Crypto Winter' Is Coming As Bitcoin Falls 50% From Record HighsJan 25, 2022 - 05:02:33 PST
As cryptocurrency investors reel from the sharp sell-off in bitcoin and other digital currencies, some fear the worst is yet to come.
Global traders already on tenterhooks over this week’s key Federal Reserve meeting were jolted further Tuesday by Australian inflation data that smashed expectations, a surprise monetary tightening in Singapore and further swings in U.S. equity futures.
Treasury Yields Climb, With Fed Meeting and Geopolitical Tensions in FocusJan 25, 2022 - 04:55:31 PST
U.S. Treasury yields climbed on Tuesday morning, with investors focused on the Federal Reserve's policy meeting and geopolitical tensions.
How do the Major Oil Companies head over the Energy Cliff? With too much debt and not enough capital expenditures. And, that is exactly what they are doing. In this short video update, I provide data on six of the world's largest oil companies and how they are moving faster...
Gold prices steadied on Monday as tensions over Ukraine buoyed its safe-haven allure, while investors held off on big moves ahead of a Federal Reserve meeting this week that could provide clues on the U.S. central bank's interest rate trajectory.
Also, when government can’t offer a positive real return, gold usually functions as the asset of last resort.
Gold and gold stocks showed unexpected strength last week, and although they closed the week in a disappointing fashion, their larger outlook is growing increasingly positive as multiple catalysts abound.