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Global banks are about to get a comprehensive blueprint for how derivatives worth several hundred trillion dollars may be finally disentangled from the London Interbank Offered Rate.
Chicago Fed President Charles Evans said Monday that despite the recent spike in inflation, he's still more worried economy won't generate enough inflation in 2023 and 2024.
Asian Semiconductor & Electronic Manufacturing Countries Highly Dependent On Natural GasSeptember 27, 2021
The world's top producers of semiconductors and electronics in Asia are highly dependent on natural gas imports to run their electric grid. One country that has increased its manufacturing of semiconductors and other electronics over the past several years consumed a staggering amount of natural gas as a percentage...
The Fed has an inflation problem.The CPI is running well above the mythical 2% target and there isn't any sign that it will ease soon. To deal with this problem, the central bank should tighten its monetary policy. But that would create a whole new problem, given that it can't tighten in this economic environment. So, what is a central banker to do?Well, if the Fed can't hit the target, how about just moving the target?
METALS & MARKET UPDATE SEPT 26th: Energy Still Impacting Markets While Investors Favor Inflated Paper AssetsSeptember 26, 2021
Energy continues to be a major factor impacting the markets while the Fed and central banks prop up the global economy with trillions of bonds and debt. Unfortunately, most investors who have been bamboozled by central banks are going to lose the majority of their wealth as the world heads over...
GoldOne of the major technical indicators is the 50 Day Moving Average (DMA) vs the 200 DMA. As the chart below shows, the gold 50 DMA had passed through the 200 DMA in June. This is referred to as a Golden Cross and can be a very bullish indicator. Unfortunately, it was quickly followed by the reverse known as a Death Cross, a very bearish indicator, which failed to confirm the bullish positioning.
Sep 24, 2021 - 13:11:23 PDT
An amateur treasure hunter wielding a metal detector has discovered a stunning gold hoard buried by an Iron Age chieftain in the sixth century in what is now Denmark. The stash includes lavish jewelry, Roman coins and an ornament that may depict a Norse god.
Gold Prices Settle Higher, As Evergrande Woes Boost the Metal’s Haven AppealSep 24, 2021 - 13:07:31 PDT
Gold futures settle higher on Friday, a day after posting their sharpest daily loss in a week, as investors continue to digest the Federal Reserve's monetary policy plans, as well as China' s crackdown on cryptocurrencies and developments tied to property giant Evergrande.
World Bank President David Malpass discussed altering the methodology of a high-profile report ranking countries’ business climates in ways that threatened to hurt China’s standing. Those talks came more than a year before senior officials suspended publication of the report, which was ultimately quashed last week after an outside audit cited pressure...
Contagion! Evergrande, Inflation, Shortages & Fed Taper To Worsen Slowing EconomySep 24, 2021 - 12:43:07 PDT
The world has become a lot more volatile over the past few weeks. Markets are lurching up & down as investors have become suddenly concerned about contagion. And not just from the new COVID variants. But contagion from the failure of big players in China, like Evergrande, and contagion from rising input costs caused by both stimulus and snarled global supply chains.
Regulators globally are cracking down on cryptocurrencies, alarmed at a rapidly expanding market that exceeded a record $2 trillion in April. China on Friday said it was banning all crypto trading and mining, sending digital coins tumbling. Global regulators worry the rise in privately operated currencies could undermine their control of the financial and monetary...
Major international banks including JPMorgan & Chase Co, Barclays Plc and Credit Suisse Group AG warned that Brazil’s inflation expectations for 2022 risk deteriorating further after consumer prices jumped more than expected.
Central banks like the US Federal Reserve are printing more paper money than ever. Prasad’s book, is a sweeping survey of fintech, crypto assets, and central bank digital currencies (CBDCs). Prasad, who has also written books about the Chinese renminbi and the US dollar, says the research that went into writing it has made him an optimist about our digital future.
Researchers at the New York Federal Reserve Bank have developed an approach to measuring banks' exposures to climate-related risks, a possible early step toward assessing whether financial institutions have enough capital on hand to withstand them. The publication Friday of a paper describing the new methodology may mark an early step...
The People's Bank of China said they will clamp down on "financial misbehavior" to maintain the "social order"!
Costco, Nike and FedEx Are Warning There’s More Inflation Set To Hit ConsumersSep 24, 2021 - 12:08:10 PDT
Rising inflation expectations could cause the Federal Reserve to change policy course.
The study cited a lack of regulation in the domestic tech industry, and the rise of authoritarian agencies abroad.
In late August, Fed chairman Jerome Powell suggested that the Federal Reserve would begin tapering before the end of the year, an admission that price inflation was rising above the 2 percent target. Nonetheless, the Fed took no immediate action in the following month.
I published this article five years ago. Sadly, things seem to be getting worse. The message is even more important today....
Sales of new single-family houses fall 24% from a year ago. The lower end has died.