Gold has all the potential to go unprecedentedly high. But silver will be gold on
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ECB Mustn’t Tighten Despite ‘Painful’ Inflation, Lagarde Says: BloombergNov 19, 2021 - 05:16:08 PST
The European Central Bank shouldn’t tighten monetary policy too soon -- even in the face of “unwelcome and painful” inflation, according to President Christine Lagarde.
FX traders are forecasting a cold, stormy winter for the euro. Markets are increasingly nervous about the common currency with the pandemic resurgent, geopolitical tensions rising and gas supply issues mounting.
The euro slumped on Friday to near 16-month lows after Austria became the first country in western Europe to reimpose a full lockdown and Germany did not rule out doing the same.
China’s central bank is asking financial institutions and enterprises to step up exchange-rate risk management and refrain from making one-way bet on the yuan after the currency climbed to a six-year high against a basket of peers.
‘The idea of gold is that it is emergency money,’ says the veteran investor and founder of Mobius Capital Partners, as he mulls inflation risks...
In 2021 five silver quarters have a melt value of $23.34. We don’t need minimum wages. We need sound money.
Nov 18, 2021 - 13:03:27 PST
Barclays Plc, Societe Generale SA, Scotiabank, and London Gold Market Fixing Ltd. will pay a combined $50 million to end antitrust litigation over an alleged scheme to rig the gold "fix," a key pricing benchmark, according to a federal court filing in Manhattan.
The debt doesn’t appear on the balance sheets of local governments, yet carries an implicit guarantee of repayment with public money. Most of the debt is owned by local banks, so the surge over the years has led to moral hazard and risks to the financial system.
Or… more importantly… does it even matter?!?! The Fed has created the largest bubble in financial history… a situation so out of control that:...
Inflation is swelling across both advanced and developing economies, impacting a wide range of goods and services in the global marketplace. What does this mean for monetary policy in 2022?
“Stop Worrying About Return On Capital, Start Worrying About Return Of Capital: El-Erian WarnsNov 18, 2021 - 12:12:17 PST
The Fed could be heading towards an historic monetary policy mistake by reacting too slowly to rising inflationary pressures.
Federal Reserve Chair Jerome Powell surely expected to have some breathing room after taking the first step this month to dial back the Fed’s emergency aid for the economy.
A basic tautology that economists consider when thinking about monetary policy is the velocity of money. MV=PQ translates into Money*Velocity=Price*Quantity. Of course, price*quantity is nominal GDP while “M” is the money supply (for example, M2) while “V” is velocity, or the number of times the money supply turns over.
Worries about rising prices are at the top of most American consumers' minds as we head into the holiday season, a new Country Financial survey shows.
Biden gets his worst reviews on his handling of the economy and foreign policy, with 34 percent and 33 percent approving, respectively. Fifty-nine percent of respondents say they disapprove of his handling of the economy, while 55 percent disapprove of his performance on foreign policy.
President Joe Biden urged the Federal Trade Commission to probe possible illegal conduct in U.S. gasoline markets, though any inquiry by the agency is unlikely to have an immediate impact on pump prices paid by consumers.
This analysis focuses on gold and silver within the Comex/CME futures exchange. See the article What is the Comex? for more detail. The charts and tables below specifically analyze the physical stock/inventory data at the Comex to show the physical movement of metal into and out of Comex vaults.
Top 1% Gains More Wealth Than the Combined GDPs of few Large Countries, Bottom 50%--You Get NothingNov 18, 2021 - 07:56:28 PST
Given that political power in America is a pay-to-play auction in which the highest bidder wins, how this incomprehensibly lopsided ownership of wealth plays out is an open question.
A boost in the number of homes listed for sale could be a silver lining for buyers facing an affordability crunch.
A few months ago, I drew attention to the fact that the Nasdaq was showing signs of increasing dispersion under the surface, a warning regarding the relative health of the uptrend. The following month, the Nasdaq Composite underwent a brief correction of about 8% (from high to low). It has since recouped those losses and then some but these breadth warnings have only continued.