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Biden Is Growing Increasingly Desperate To Curb Gasoline Prices | OilPrice.comNov 30, 2021 - 05:17:05 PST
U.S. President Joe Biden is taking a lot of heat due to rising gasoline prices, but is there anything he can actually do to put the brakes on this runaway train?
Japan’s top steelmaker said it’s close to securing price hikes from domestic manufacturing giants, signaling the balance of power is shifting from buyers to sellers as the alloy’s price surges.
Euro-area inflation surged to a record for the era of the single currency and exceeded all forecasts, adding to the European Central Bank’s challenge before a crucial meeting next month on the future of monetary stimulus.
NY Fed Launches Fintech Research Wing With Bank for International Settlements HelpNov 30, 2021 - 05:10:10 PST
The Federal Reserve Bank of New York launched the New York Innovation Center (NYIC) to build and test new financial technology, including central bank digital currencies (CBDC), stablecoins and cross-border payments, the central bank division announced Monday. The NYIC is the result of a strategic partnership between the New York Fed and the Bank for International Settlements’ (BIS) Innovation Center.
Fed's Powell Says New Innovation Hub Will Help Central Bank Improve PaymentsNov 30, 2021 - 05:08:09 PST
The center, in partnership with the Bank for International Settlements (BIS) Innovation Hub, will help the central bank improve the current payments system, Fed Chair Jerome Powell said in remarks prepared for a virtual event on Monday. “In particular, the partnership will support our analysis of digital currencies—including central bank digital currencies,” said Powell...
Stock futures dropped on Tuesday as volatility resumed after a brief rebound earlier this week, with investors contemplating the impacts of a new coronavirus variant.
Peter Schiff debated Marxist professor Richard Wolff on RT Boom Bust. Wolff just can't grasp that socialism isn't the solution to America's problems. Socialism is America's problem.
MAJOR CRACKS NOW HITTING THE MARKETS?? Serious Technical Damage & What's Next For The Precious MetalsNovember 30, 2021
There was SERIOUS technical damage to one of the broader market indexes that could spell Big Trouble for the markets heading into December. This is a MUST WATCH video for subscribers as there seem to be "Major Cracks" taking place in the markets and economy. Just a few weeks ago...
Interesting timing for a dovish shift... just as we expected. How long before QE is un-tapered?
One of the first coins minted in Colonial New England, which was recently found among other coins in a candy tin, has sold at auction for more than $350,000, more than it was expected to get, the auctioneer said Friday. The one shilling silver coin made in Boston in 1652 — considered the finest example of just a few dozen such coins known to still exist ...
Do governments hate gold? The answer: Yes — Governments hate gold because they cannot print it, and it is difficult for them to control.
The move helps explain the ongoing shake-up in the world of work, with more people looking for flexibility, anxious about covid exposure, upset about vaccine mandates or simply disenchanted with pre-pandemic office life. It is also aggravating labor shortages in some industries and adding pressure on companies to revamp their employment policies.
Inflation, deflation, stagflation--they've all got proponents. But who's going to be right? The difficulty here is that supply and demand are dynamic and so there are always things going up in price that haven't changed materially (and are therefore not worth the higher cost) and other things dropping in price even though they haven't changed materially.
Surging inflation across the European Union should be a clear signal to policymakers and central bankers that the time to stop financing public-debt binges was yesterday. Most likely, the continent is heading into a period of stubborn inflation that will be familiar to anyone who lived through the 1970s.
Whereas the shock of the COVID-19 pandemic initially prompted unity and convergence in Europe, the current phase of the crisis is much more delicate economically and politically. If mismanaged, it may reopen old wounds and shatter policymakers’ newly acquired legitimacy.
Congress Hopes to Avoid a Government Shutdown as Friday Deadline ApproachesNov 29, 2021 - 12:31:46 PST
Washington and Wall Street were optimistic Monday that Congress can pass a bill to fund the government and avert a partial shutdown before a Friday deadline.
Nov 29, 2021 - 10:36:58 PST
It is a great pleasure to present Ronald Stöferle's Key Note Speech from this year's German gold show. Under the title "The monetary tipping point" he presents his plea for permanent and not temporary inflation, the fundamental factors for the bull market in gold and mines as well as an outlook for the gold price.
Massive inflation will likely push Fed to hike rates six times before 2024Nov 29, 2021 - 10:34:22 PST
Federated Hermes chief equity strategist Phil Orlando believes widespread inflation will push the Fed to get more aggressive.
As many as 56% of shoppers have made a purchase with "buy now, pay later" that they couldn't pay off, according to a recent survey.
A measure of raw materials prices jumped to a record high in November while a gauge of wages and benefits neared a series high, according to a survey of 95 Texas manufacturers released Monday by the Federal Reserve Bank of Dallas. The overall factory activity measure eased slightly, though it remained elevated as indexes of production and new orders rose.