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US: JOLTS Job Openings Rise to 11.033 Million in October vs. 10.369 Million ExpectedDec 8, 2021 - 07:17:10 PST
The number of job openings on the last business day of October jumped to 11.033 million, the US Bureau of Labor Statistics announced in its latest Job Openings and Labor Turnover Summary (JOLTS) on Wednesday. This reading came in above market expectations for 10.369 million and was sharply up from September's 10.602 million reading, which was revised up from 10.438 million.
Dec 8, 2021 - 07:09:54 PST
Restaurant reservations have trended downward in recent weeks, according to data from OpenTable. And according to a recent poll from Gallup, some 45 percent of households are being hurt by price increases. Factors like these could accelerate the number of people who leave their jobs and look for better pay.
Gold prices hit a one-week high on Wednesday as the dollar and U.S. Treasury yields slipped, with bullion’s safe-haven appeal also buoyed by tensions surrounding Ukraine, in the run up to U.S. consumer prices data later in the week.
Governments always want to believe that they will be able to disguise their imbalances with monetary debasement, but the effect is the opposite.
Dec 8, 2021 - 05:47:28 PST
Ruchir Sharma, chief global strategist with Morgan Stanley Investment Management, joins 'Squawk Box' to discuss markets and interest rates.
Americans' growing debt loads, from student debt to housing debt, are holding the country's middle class back, per the World Inequality Report.
Global ETF gold holdings increased in November for the first time since this summer.Gold-backed ETFs saw net inflows of 13.6 tons last month. Total holdings rebounded from year-to-date lows to 3,578 tons. According to the World Gold Council, investment demand for larger gold ETFs returned with decades-high inflation and heightened market volatility.
With debt levels having surged during the pandemic, the increase in borrowing costs is poised to create headwinds for economic growth, and trouble could emerge when short-term rates surpass 1%, Gundlach said. Two-year yields are currently about 0.69%. He said he last bought gold, personally, in 2018 and that he likes it as a long-term hold.
CFTC Commissioner Says US Regulators Should Issue Clear Guidance Before Punishing Crypto FirmsDec 8, 2021 - 05:26:32 PST
U.S. regulators should issue clear guidance on how crypto rules will be enforced before punishing firms for not following them, Dawn Stump of the CFTC said.
Executives from some of the nation's largest and most powerful cryptocurrency companies plan to petition Congress to create a new regulatory framework for digital assets that could help them avoid a costly showdown with the Securities and Exchange Commission, according to prepared testimony published Tuesday.
The Reserve Bank of India (RBI) is keen on simplifying and deepening the country’s digital payments system to boost financial inclusion through the government’s Unified Payments Interface (UPI).
The essence of a digital currency is that everyone could have an account directly at the Federal Reserve. We could pay merchants and monthly bills directly through Fed payments systems with fewer fees.
By many counts, 2021 was the year cryptocurrencies were finally embraced by institutions. Now those same money-managers say the asset class is ripe for a big selloff next year.
Brazil’s central bank is set to deliver its second straight interest rate increase of 150 basis points, extending the world’s most aggressive monetary tightening cycle as inflation forecasts rise further above target.
The stock market rallied early this week with receding worry about the omicron variant, but the specter of Federal Reserve monetary policy tightening remains. In his podcast, Peter Schiff talked about the anticipation of the Fed's fight against inflation and explained why it's a fight the central bank can't win.
The danger of a central bank policy mistake has increased, but the bond market isn’t fully reflecting the appropriate inflation risk premium, according to one of the world’s largest bond investors.
'Feudal' Wealth Inequality Created By Central Banks Is Ruining The World | Sven HenrichDec 7, 2021 - 17:44:39 PST
Last week, I presented you both Part 1 and Part 2 of our interview with technical analyst Sven Henrich. Sven began by first making the macro case that markets are at their most over-valued levels in all of history. He then dialed through a bevy of charts explaining how technical analysis is showing that market internals are swiftly eroding.
U.S. PRECIOUS METALS INVESTMENT 2010-2021: Americans Purchased A Great Deal More Silver Than GoldDecember 8, 2021
As the U.S. Government adds a massive amount of public debt while the Federal Reserve buys assets to prop up the economy and financial system, Americans continue to buy a great deal of physical precious metals. However, it seems that Americans prefer buying a LOT MORE Silver bars and coins than gold...
October 2021 saw a total trade deficit of -$67.1B which is the lowest trade deficit since April 2021. MoM it fell 17% from the record set in September.The falling trade deficit can be explained when looking at the data. August had Exported Goods of $150B. This fell to $143B in September. October has made up the difference with Exported Goods increasing to $158B. Over the past three months, Exported Goods have averaged $150.5B.
Gold prices inched higher on Tuesday as investors' attention turned to U.S. inflation data due this week, which could influence the pace at which the Federal Reserve hikes interest rates.