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‘Starting a Fire’: U.S. and China Enter Dangerous Territory Over Taiwan: NYTOct 13, 2021 - 05:32:31 PDT
The self-ruled island has moved to the heart of deepening discord and rivalry between the two superpowers, with the potential to ignite military conflagration and reshape the regional order.
Worldwide poverty, hunger and unmanageable debt are all on the upswing. Employment has fallen, especially for women, reversing many of the gains they made in recent years.
Beijing will no doubt snare some bad apples as this latest rectification campaign unfolds. The rot at the core of the financial sector itself still needs stronger medicine.
IMF Warns Cryptocurrencies May Threaten Financial Stability Without RegulationOct 13, 2021 - 05:12:10 PDT
Risks stemming from the boom in “appear contained for now,” but they should be monitored closely, the global body warned.
The risk of housing bubbles across Europe has accelerated as the pandemic sparked a global spending spree on larger living spaces that was turbocharged by central banks’ aggressive stimulus.
Miguel Patricio said the international food giant, which makes tomato sauce and baked beans, was putting up prices in several countries. Unlike in previous years, he said, inflation was "across the board".
Deutsche Bank AG Chief Executive Officer Christian Sewing said the current bout of inflation will likely prove longer lasting, adding his voice to a widening group of leaders calling on central banks to react.
Treasuries: Two-Year Yields Hit More Than 18-Month High With Inflation Data on DeckOct 13, 2021 - 04:58:41 PDT
The yield on the 2-year was up 3.2 basis points to 0.350% after reaching as high as 0.36%, its highest level since March 25, 2020. Investors will closely monitor Wednesday's consumer price index (CPI) data for September, with expectations calling for a monthly rise of 0.3%. A $58 billion Treasury auction of three-year notes was generally regarded as soft by analysts...
U.S. central bankers broadly agree they can soon begin reducing their support for the economy, but are divided over how much of a threat high inflation poses, and - more importantly - what they might need to do about it. Some indication of the intensity of that debate should emerge on Wednesday when the Federal Reserve releases the minutes...
Today’s video from Mike Maloney is a must-watch. In this clip, you’ll learn how the National Debt is a huge open pit that we are constantly digging deeper into the future, while supporting ourselves with nothing but a flimsy trapdoor.
Tom Cloud discusses a new Online Marketplace to invest in diamonds. For individuals looking for additional alternatives to investing in precious metals, diamonds offer another high-quality store of value. Also, in the video is Jacques Voorhees (diamond industry expert), who explains the new IceCap Diamond trading system...
Energy is suddenly headline news. Oil, which traded at negative prices for a brief moment last year due to the global economic slowdown caused by the pandemic, is now expected by a number of analysts to hit $100/barrel soon.
Gold prices rose on Tuesday, as rising inflation fears dulled risk appetite and boosted demand for the safe-haven metal, although an advancing U.S. dollar limited bullion's gains.
Stagflation, if severe, can be damaging to both the economy and financial markets. But we don’t need a repeat of the 1970s for assets to be affected. Our analysis shows that even mild stagflationary conditions can have similar asset impacts to those in more severe stagflations.
Oct 12, 2021 - 12:43:49 PDT
The recent synchronized selloff in equities and Treasuries was likely just the beginning of what’s come for the popular 60/40 stock-bond portfolio strategy, a growing chorus of Wall Street strategists warn.
The Biden administration is focused on preventing inflation from being an issue in the future, White House press secretary Jen Psaki said on Tuesday.
Inflation Expectations Come Unanchored: People Expect Red-Hot Price Increases to Eat Wage GainsOct 12, 2021 - 12:06:52 PDT
The Fed is going to have a heck of a time calling inflation expectations “well anchored.”
High U.S. Inflation To Last Awhile, Fed Bostic Says, and It’s No Longer ‘Transitory’Oct 12, 2021 - 11:01:34 PDT
The biggest burst in U.S. inflation in three decades is likely to last longer than expected and no longer should be considered "transitory," a senior Federal Reserve official said.
Venezuela is moving to prop up its national currency after the launch of a new version of the bolivar with six fewer zeros caused prices to spike.
Fed Losing Control As Consumers' Inflation Expectations Hit New All Time HighOct 12, 2021 - 10:50:39 PDT
Another month, another record high in consumer inflation expectations.