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Inflation: ECB’s Lagarde Warns Energy Price Pressures Could Outlast COVID Supply ShocksSep 24, 2021 - 05:24:25 PDT
“When you look, you know, at what’s causing [higher inflation], a lot of it has to do with energy prices. You look back a year ago and prices were rock bottom. They have of course moved up and the difference is explaining a lot of the inflation that unfortunately people are experiencing at the moment...
Evergrande Stays Silent on Its $83 Million Dollar Bond Interest Payment, Leaving Investors in LimboSep 24, 2021 - 05:20:16 PDT
As of Friday morning during Asia hours, the company had not made any announcement, or any filing to the Hong Kong exchange, leaving investors in limbo.
China’s central bank continued to pump liquidity into the financial system on Friday as policy makers sought to avoid contagion stemming from China Evergrande Group spreading to domestic markets.
With central banks from Washington to London this week signaling more alarm over faster inflation, the ultra-stimulative path of the euro zone and some of its neighbors appears lonelier than ever.
As many observers have pointed out, however, the debt ceiling is an avatar of a political crisis instead of an economic one. The government could shut down, or in the most extreme scenario, stop paying some of its bills.
Debt-ridden property developer Evergrande Group missed a dollar bond interest payment deadline, moving closing to a potential default and fuelling worries that a collapse could send shockwaves through China's economy and beyond.
Treasury Yields Mixed As Investors Await a Parade of Fed Speakers, Headlined by PowellSep 24, 2021 - 04:58:19 PDT
U.S. Treasury yields were mixed on Friday, after registering the biggest rise in months and the 10-year Treasury broke through a technical resistance level above 1.40% as investors reacted to Wednesday’s Federal Reserve policy update. Investors will glean more from a parade of Fed policy makers on the session, headlined by Fed Chairman Jerome Powell at 10 a.m. Eastern Time.
It is truly amazing the amount of coal that China produces and consumes every year. With the reported growing shortages of coal, the Chinese Government has instituted power cutbacks to 10 provinces. Many large industrial users have been forced to cut back production of all sorts of metals and materials...
Sep 23, 2021 - 13:05:26 PDT
With the highest electrical conductivity of all metals, silver is a component in almost all electronic devices we use daily. But silver isn’t just vital today; the next generation of technological advancements, especially those related to global connectivity expansion, will rely on the white metal’s inherent properties throughout the ...
Sep 23, 2021 - 13:01:26 PDT
Looking forward, Costa added, "I think there are a lot of fundamentals behind what could drive gold and silver prices much higher and perhaps really benefit the explorers and a lot of the companies we have in our portfolio," he added.
Former Fed chair Alan Greenspan has said that a default is essentially impossible under our monetary system.
US Congress Quietly Sneaks In Crypto-Bill Amendment Authorizing Central Bank Digital CurrencySep 23, 2021 - 12:23:54 PDT
The future of money is here; will the Federal Reserve Board be authorized to use distributed ledger technology for the creation, distribution and “recordation” of all the transactions of a Digital Dollar?
America’s Richest 400 Families Pay a Lower Tax Rate Than Average TaxpayerSep 23, 2021 - 12:22:07 PDT
The richest 400 Americans paid an average 8.2% federal income tax rate, which is “low” relative to other taxpayers, according to a White House report published Thursday.
Suddenly, uranium is in the spotlight. It's price has jumped by over 60% in the past month.
To understand why, we sat down with the man whose fund just moved the market by buying 10 millions pounds of it in the past few weeks - John Ciampaglia, CEO of Sprott Asset Management.
The global energy transition is in full swing, and the metals required for this new era of energy are fueling a headline-grabbing “commodity supercycle”
For years climate scientists have warned about the ferocious wildfires and hurricanes that are now overwhelming many communities. Today alarms are ringing about a related financial danger: risks lurking within government bonds, the biggest part of the global debt market.
Fed Reverse Repo Soars To Record $1.35 Trillion After Fed Doubles Counteparty LimitSep 23, 2021 - 11:50:08 PDT
Another day, another all time high.
With increasingly strong talk in support of Taiwan, a new deal to supply Australia with nuclear submarines, and the launch of a European strategy for greater engagement in the Indo-Pacific, the U.S.
Analysis: Joe Biden has cleared the decks to focus on China. But how imminent is the danger?
Household Net Worth Hits Record $142 Trillion, Up $31 Trillion Since COVID, But There Is A Catch...Sep 23, 2021 - 10:59:39 PDT
And the saddest chart of all: the wealth of the bottom 50% is virtually unchanged since 2006, while the net worth of the Top 1% has risen by 132% from $17.9 trillion to $41.5 trillion.