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Bitcoin Falls As Much as 10% as Risky Assets Tumble Globally, Regulatory Concerns IntensifySep 20, 2021 - 08:07:54 PDT
The price of bitcoin dropped sharply Monday as investors began shedding risk amid an equity markets decline.
We got a much better than expected retail sales report for August. That sparked a selloff in gold and silver as the markets continue to anticipate Fed monetary tightening. But was this report really fantastic news? Peter Schiff breaks down the report and says it's actually just telling us consumers are paying more to buy less.
Armstrong warns of the potential for a domino effect of Pension Fund failures during a great financial “reset.” He sees another 1980’s like gold rally amid a “crisis in (financial) confidence.”
Sep 20, 2021 - 05:46:33 PDT
Explore China's gold market in August. We cover the Shanghai Gold Benchmark Price PM, wholesale physical gold demand, gold ETF inflows, impacts of the rise in COVID-19 cases and more.
Here's how to dabble in the most popular investment in human history.
The central bank should start pulling back on its $120 billion monthly bond purchases and signal when it will lift rates, but it probably won’t.
Soaring property prices are forcing people all over the world to abandon all hope of owning a home. The fallout is shaking governments of all political persuasions.It’s a phenomenon given wings by the pandemic. And it’s not just buyers — rents are also soaring in many cities. The upshot is the perennial issue of housing costs has become one of acute housing ...
Evergrande Collapse Could Have a ‘Domino Effect’ on China’s Property Sector, Alliance Bernstein SaysSep 20, 2021 - 05:35:34 PDT
Some developers "can't survive much longer" if the refinancing channel remains shut for a prolonged period, warned AllianceBernstein's Jenny Zeng.
Treasury Secretary Janet Yellen renewed her call for Congress to raise or suspend the U.S. debt ceiling, saying the government will otherwise run out of money to pay its bills sometime in October.Writing in a Wall Street Journal op-ed, Yellen said “the overwhelming consensus among economists and Treasury officials of both parties is that failing to raise the debt limit...
U.S. Treasury Secretary Janet Yellen issued a fresh plea for Congress to raise the federal debt ceiling on Sunday, arguing a default on U.S. debt would trigger a historic financial crisis.
It was a fluke that inflation calmed down in August, and it could equally well pick up again.
A deluge of leveraged buyout debt has been building up for months and is finally set to hit the high-yield market next week. Private equity firms are expected to begin selling bonds to help fund the leveraged buyout of Medline Industries Inc., the biggest buyout since the financial crisis.
The $3 trillion market for low-rated companies’ debt is having its best year ever, powered by a rebounding economy and investors’ demand for any extra yield.
After years of being 'squeaky clean,' the Federal Reserve is surrounded by controversySep 20, 2021 - 05:27:19 PDT
The Federal Reserve has a big meeting on tap next week, one that will be held under the cloud of an ethical dilemma.
Evergrande owes over $300 billion – to banks and non-bank financial institutions, domestic and international bond holders, suppliers and apartment buyers. It has bank borrowings of $90 billion, including from Agricultural Bank of China, China Minsheng Banking Corp and China CITIC Bank Corp (reports have 128 banks with exposure). Thousands of suppliers are on the hook for $100 billion.
Market Sell-Off Accelerates Before the Open With Dow Futures Dropping 650 PointsSep 20, 2021 - 05:22:17 PDT
Investors fear a contagion sweeping financial markets from the troubled China property market.
Bitcoin Drops Below $45,000. Evergrande Contagion Fears Hit Cryptocurrencies.Sep 20, 2021 - 05:18:06 PDT
Bitcoin falls as cryptocurrencies are caught up in a wave of selling brought on by contagion fears from the mounting problems at property giant China Evergrande Group.
The volume of the European Central Bank's bond purchases is becoming "less important" as the economic outlook improves and the money-printing scheme becomes a tool for guiding rate expectations, ECB board member Isabel Schnabel said on Monday. Schnabel, who also welcomed the recent spike in inflation, was likely to be seen as setting the scene...
The global stock rout sparked by investor angst over China’s real-estate sector and Federal Reserve tapering deepened on Monday, with U.S. futures falling more than 1% and European equities hitting a two-month low. Contracts on the three major U.S. indexes signaled further declines when the market opens after the S&P 500 fell the most in a month,...
The European Central Bank announced a tapering of the repurchase program on September 9. One would imagine that this is a sensible idea given the recent rise in inflation in the eurozone to the highest level in a decade and the allegedly strong recovery of the economy.