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Yellen Tells IMF’s Georgieva Data-Rigging Probe Raised ‘Legitimate’ Concerns-TreasuryOct 12, 2021 - 05:02:22 PDT
U.S. Treasury Secretary Janet Yellen told International Monetary Fund Managing Director Kristalina Georgieva on Monday that a law firm's report into World Bank data-rigging allegations against the IMF chief "raised legitimate issues and concerns" but a lack of direct evidence meant a leadership change was unwarranted. Yellen said in the statement that ...
Money Markets Ramp Up Global Rate Hike Bets, Add Pressure on Central BanksOct 12, 2021 - 04:59:25 PDT
As inflationary pressures mount worldwide, money markets are charging ahead with pricing aggressive interest rate rises, in most cases betting that policy will be tightened far sooner and at a much faster pace than rate-setters are signalling. And hawkish shifts at the Bank of England and the U.S. Federal Reserve lead investors to believe rate hikes are around the...
Currency Traders Are Betting the Bank of England Is About to Make a MistakeOct 12, 2021 - 04:57:35 PDT
Bets against the pound are intensifying amid speculation that any Bank of England efforts to curb inflation would darken the outlook for growth and consumer sentiment.
Gold futures settled with a loss on Monday, for a third session in a row. Gold prices haven’t really gone anywhere this month, said Craig Erlam,...
Biden has canceled $11.5B in student loan debt — but what about vast forgiveness?Oct 11, 2021 - 12:40:37 PDT
Members of Congress are turning up the heat.
The International Monetary Fund’s board of directors turned down a request by Argentina to discuss relief on the commissions the country pays for its record loan, a setback for the government of President Alberto Fernandez.
We’re Seeing a Stagflationary Trend Where Economic Growth Expectations Are DeceleratingOct 11, 2021 - 12:12:32 PDT
Chris Senyek, Wolfe Research chief investment strategist, joins 'Power Lunch' to discuss which stocks are best positioned to combat inflationary pressures.
Oct 11, 2021 - 12:05:28 PDT
As Congress debates their $3.5 trillion spend-a-thon and their human infrastructure bills, we need to bear in mind that while US Treasury debt is at $28.863 trillion (and growing really fast), the US has promised $157.738 TRILLION in unfunded benefits such as Social Security and Medicare.
Jamie Dimon, JPMorgan Chase & Co chief executive, said on Monday at a conference that cryptocurrencies will be regulated by governments and that he personally thinks bitcoin is "worthless."
Fed Chairman Jerome Powell’s odds at renomination continue to hang in the wind amid a trading scandal that has engulfed at least three senior Fed officials.
Historical comparisons are always risky. This is particularly so when comparing different eras in vastly different countries like the US and China. Similarities can actually obscure more important differences.
China On Verge Of Stagflationary Shock With 30% Wholesale Inflation On DeckOct 11, 2021 - 11:33:27 PDT
Back on Sept 30, China stunned markets when reeling from soaring energy prices, widespread blackouts, mass factory closures and a shortage of coal - it's most popular source of power - Beijing ordered energy firms to "secure supplies at all costs."
Jeff Clark was interviewed at the Silver Symposium last month and talked about how silver has been in this exact scenario before and eventually exploded, and why demand in commodities could spur demand in silver.
The U.S. economy appears to be sliding into another recession based on declining consumer sentiment – even though employment and wage growth suggest otherwise, according to two academic economists.
He’s laying out one of the most ambitious agendas in the SEC’s 87-year history -- some 49 proposals, many already drawing opposition from hedge funds, stock exchanges, online brokers and public companies. He’s been similarly aggressive on agency enforcement cases, which can tank share prices, spur fines and trigger embarrassing publicity.
Economist Explains Problem With Just Minting $1 Trillion Coin to Pay the Government’s BillsOct 11, 2021 - 09:11:27 PDT
“Due to a technicality in the law, the Treasury Department can print a platinum coin and assign a huge value to it—say, $1 trillion—and sell it to the Federal Reserve Board," CNN reported. “This would get around the need to borrow.” What could go wrong?!?
Rand Paul Slams National Debt Crisis, Inflation, and Socialism in Memorable Senate SpeechOct 11, 2021 - 09:08:33 PDT
“People are saying we’re going to give you free college, free cars, free cell phones, free this, free that,” Senator Paul said. “The problem is there are ramifications. Money doesn’t grow on trees… money’s got to come from somewhere.”
Over the last few weeks, I’ve been outlining the clear evidence that stocks are in a bubble, arguably the largest stock market bubble of all time. In truth, however, it’s not just a bubble in stocks, it’s a bubble in …
Deflation is the bogeyman of financial markets. Any mention of it will send shivers down the spine of fund managers and bankers alike who have been conditioned to believe that deflation is terrifying. But, like all ghost stories, the reality is somewhat different.
When something that is this widely adopted blows up, it tends to blow up spectacularly.