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Bitcoin dropped by almost 5% on Monday as the start of the week offered little respite to the world's largest cryptocurrency after a bruising weekend when, at one point, it lost over a fifth of its value.
Some of the biggest names in the corporate world sold a record $69 billion in stock this year as share valuations surged to record highs, new data show.
Biden Mulls Cutting Russia Off SWIFT Ahead Of Putin Call In "Nuclear Option" Ukraine ResponseDec 6, 2021 - 11:01:20 PST
CNN and others are reporting just a day ahead of the much anticipated video call between Russian President Vladimir Putin and US President Joe Biden that the White House is mulling “nuclear option” level actions against Moscow should it launch a military offensive against Ukraine - which US intelligence has lately said could be imminent based on assessing that some...
There are a number of hot spots in the world today that could easily flare up into a conflagration that escalates into a shooting war or even the nightmare scenario of missiles being launched.
When the Department of Defense released its annual report on Chinese military strength in early November, one claim generated headlines around the world. By 2030, it suggested, China would probably have 1,000 nuclear warheads — three times more than at present and enough to pose a substantial threat to the United States. As a Washington Post headline put it, typically enough:...
Dec 6, 2021 - 09:04:46 PST
CHINA has been secretly developing Trojan Horse-style missiles hidden in shipping containers that can be unleashed on enemy ports, experts warn. Military analysts believe the country’s huge fleet of freighters and fishing vessels could be turned into warships with the use of the secretive container missiles.
China Seeks First Military Base on Africa’s Atlantic Coast, U.S. Intelligence Finds: WSJDec 6, 2021 - 09:03:46 PST
Classified American intelligence reports suggest China intends to establish a military installation in Equatorial Guinea, a move that would give Beijing its first permanent naval presence on the Atlantic Ocean, according to U.S. officials.
As President Biden convenes a summit of democracies, a potential Russian invasion of Ukraine, continuing Chinese pressure on Taiwan and the potential collapse of Iran nuclear talks represent a perilous moment for him.
“Do you find it odd that banks and other financial institutions provide mortgage loans to millions at an approximately 3% interest rate for 30 years, while the government reports that inflation is over 6% at an annual rate and rising? Are you frustrated that you are a responsible and prudent person who saves for a ‘rainy day’ or retirement, and your savings account only pays 1% or so...
Global Financial Meltdown Fears as China's Central Bank Takes Action on Spiraling DebtDec 6, 2021 - 08:23:26 PST
CHINA's central bank has announced a cut in the amounts of cash banks have to hold in reserve in an attempt to boost the economy as the country faces a mounting debt crisis.
Our paint by the numbers central bankers have given the notion of being literalistic a bad name. For years they pumped money like mad all the while insisting that the bogus “lowflation” numbers were making them do it. Now with the lagging measures of inflation north of 5% and the leading edge above 10%, they have insisted loudly that it’s all “transitory”. Well, until today when Powell...
Dec 6, 2021 - 08:12:59 PST
The end-of-year scramble will kick off this week with an expected House vote on the annual National Defense Authorization Act (NDAA). Though the military spending package usually sails through Congress with little more than token resistance, there are a few possible stumbling blocks popping up in the Senate, The Wall Street Journal reports.
Clear or Confused? Central Banks' Communication Skills Set for Ultimate TestDec 6, 2021 - 08:09:05 PST
Financial markets, which have struggled this year to decipher central bankers' policy signals, face their biggest challenge yet in December when in the space of 24 hours the Federal Reserve, ECB and Bank of England hold crucial meetings.
The Bank of England is preparing to halt its almost 900 billion-pound ($1.2 trillion) quantitative easing program, leaving the future of what has become a controversial crisis-fighting tool shrouded in doubt.
(Regulators should bolster lines of defense for open-ended bond funds to cut systemic risk in periods of market turmoil, according to a report by the Bank for International Settlements.
The Fed has abruptly shifted policy to end a pandemic-era stimulus program in March rather than by June, opening the door to raising interest rates next spring rather than later in the year to curb inflation.
Will Inflation Be Allowed to Run Wild? What a Crackdown on Inflation Will Do to Stocks & HousingDec 6, 2021 - 07:25:01 PST
With widespread, massive, and entrenched inflation, there is no soft landing.
But on the surface, stocks still look hunky-dory.
Perhaps This How Story Ends: A Run On The Dollar Takes Hold, The World's Reserve Currency CollapsesDec 6, 2021 - 07:20:29 PST
“To prepare for the future, we must first reimagine the past in a manner that central banks won’t,” said the CIO.
Why do we invest? Everyone has their reasons, but funding retirement may be the most common one. Whenever the time comes, we want to relax in comfort and security.