Gold has all the potential to go unprecedentedly high. But silver will be gold on
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China Will Roll Out Counter-Cyclical Steps if FX Market Faces Greater FluctuationsOct 22, 2021 - 05:39:38 PDT
China's forex regulator said it will roll out counter cyclical measures at an appropriate time in the event of greater currency market fluctuations due to policy tightening at major world economies.
Treasury yields have surged this week, with shorter-maturity rates touching the highest since the start of the Covid outbreak, as concern over quickening inflation drove traders to price in two U.S. interest-rate hikes by the end of next year.
Consumers around the world are about to get socked with even higher prices on everyday items, companies from food giant Unilever Plc to lubricant maker WD-40 Co. warned this week as they grapple with supply difficulties.
Climate change is an “emerging threat” to the stability of the U.S. financial system, top federal regulators warned in a report on Thursday, setting the stage for the Biden administration to take more aggressive regulatory action to prevent climate change from upending global markets and the economy.
The Monetary Bathtub, Many Economists Say Inflation Is Transitory. It Will Be Persistent: WSJOct 22, 2021 - 05:31:01 PDT
The consumer-price index has risen 5.4% over the past 12 months. President Biden says we are facing a temporary bout of price increases caused by supply-chain glitches and bottlenecks that are themselves temporary. But while supply-chain problems affect prices of specific commodities, they have little effect on the overall price level if monetary growth is stable. The problem is that monetary growth in the U.S. has been anything but stable.
U.S. Federal Reserve officials were strongly encouraged to observe a trading blackout for "several months" in the spring of 2020 as the central bank was embarking on a course of extraordinary actions to blunt the threat presented by the coronavirus pandemic, according to...
It’s a stunning reversal from last year when the pandemic prompted a glut of oil so big that traders resorted to storing it in tankers at sea. The drawdown, driven by a rapid demand recovery, has been exacerbated by an energy crisis that has sent European and Asian buyers on the hunt for cheaper barrels. Over the coming weeks, stockpiles are likely to fall further...
Well, in just a few weeks we may see the opposite scenario: no physical oil at all in the largest US commercial storage facility, leading to what may be a superspike in the price of oil.
Whirlpool CEO Says He’s ‘Starting To Get Worried’ the U.S. Labor Shortage May Become StructuralOct 22, 2021 - 05:16:58 PDT
Multiple factors are behind the current labor-market situation, economists say, including workers having health concerns, needing to juggle care responsibilities and unsatisfactory wage offerings at vacant positions. Early retirements and savings built up during the pandemic also may be limiting the number of people returning to the workforce.
A record proportion of the British public thinks inflation will accelerate over the next 12 months, according to data that could further boost expectations that the Bank of England will raise interest rates next month.
The US dollar is a substitute for gold (i.e. real money). The price of gold is an inverse reflection of the changing value of the US dollar. The ongoing, never-ending deterioration of the dollar’s value means ever rising gold prices over time.
With so many ratios seemingly out of whack, investors would be wise to reconsider the ratio of hard assets to paper assets in their portfolios. And those who already have a prudent allocation to gold bullion should be sure they also have an adequate ratio of silver holdings.
What happens when the London Metal Exchange runs out of metal? That’s the question the exchange is urgently trying to address for its flagship copper contract, which sets the global price for one of the world’s most important commodities.
Britain's Royal Mint said on Wednesday it planned to build a plant in Wales that could reclaim hundreds of kilograms of gold and other precious metals from electronic waste such as mobile phones and laptops.
There, in the barber shops and restaurants and hotels that constitute the main strip of one dusty little outpost after another, you’ll find prices displayed in grams of gold. A one-night stay at a hotel? That’ll be half a gram. Lunch for two at a Chinese restaurant? A quarter of a gram. A haircut? An eighth of a gram
Oct 21, 2021 - 12:42:44 PDT
In at 1:30 > Jon Gray, president and chief operating officer of the Blackstone Group, joins ‘Squawk Box' to discuss the company's record earnings and inflation.
"These tough new rules raise the bar high in order to assure the public we serve that all of our senior officials maintain a single-minded focus on the public mission of the Federal Reserve," said Federal Reserve Board Chair Jerome H. Powell. While this move does not ban trading, we would suggest that Senator Warren wins the first round...
Oct 21, 2021 - 11:54:13 PDT
A group of 160 Republican lawmakers have sent a letter to President Joe Biden urging him to “reevaluate his priorities” and address the supply chain and ports crisis in the United States before considering additional social spending.
U.S. ports are full of goods, U.S. yards and warehouses are full of goods, hardly anyone wants to drive a truck to pick up and deliver those goods and those who do sit waiting in lines, often unpaid. And Americans continue to buy more stuff from abroad than ever.
Central bankers are in a precarious spot in this chaotic pandemic economy. U.S. and U.K. consumers are grousing about rising prices and want some relief. But if government officials give it to them by raising interest rates, they may set back the recovery. It wouldn’t be the first time an errant move by a central bank triggered a recession.