Gold has all the potential to go unprecedentedly high. But silver will be gold on
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The order directs the Consumer Financial Protection Bureau to issue rules that would allow bank customers to download their banking data and take it with them.
Washington Might Have To Go to War To Fight a Housing Bubble. Does It Have the Tools To Win?: MWJul 22, 2021 - 07:17:37 PDT
A housing bubble burst in 2008 pushing the U.S. into deepest recession since the Great Depression. In the aftermath, many nations developed new tools designed to take the air out of real-estate bubbles before they burst.
Having fallen for four straight months, analysts expected a modest 1.7% MoM rebound in June's existing home sales (despite tumbling mortgage apps and crashing homebuyer sentiment?). They were right but the print disappointed, rising just 1.4% MoM, and notably weaker than that given the downward revision in May to -1.2% MoM from -0.9% MoM.
“September and October are likely to be very rough this year” for stocks, Minerd said in a Bloomberg Television interview Wednesday. “Maybe a pullback of 15% or slightly more.
Gold futures erase an early loss to turn higher after data shows an unexpected rise in first-time U.S. jobless claims. Gold for August delivery GC00, -0.23% GCQ21, -0.23% rose 90 cents, or les than 0.1%, to $1,804.30 an ounce on Comex , while silver futures SI00, -0.57% were down 9 cents, or 0.4%, at $25.155 an ounce.
Here we go again.The clock is ticking down to another US debt ceiling battle.
Compared to June, where Gold was only the most traded market in just 1 out of 22 days, in July, it has been the most popular.
Chat logs introduced as evidence by prosecutors at the Chicago spoofing trial of two former precious-metals traders for Bank of America Corp.’s Merrill Lynch unit shows one of them, Edward Bases, bragging about how easy it is to manipulate prices.On Jan. 28, 2009, when Bases was working at Deutsche Bank AG, he put out bids to buy 2,740 gold futures...
Watch Christine Lagarde Speaking After the ECB’s Latest Rate Decision: 08:30 ETJul 22, 2021 - 05:39:51 PDT
European Central Bank President Christine Lagarde is giving a press conference after the bank's latest monetary policy decision.
Total Number Of Americans On The Dole Plunges By 1.2 Million As States Cut Off Emergency AidJul 22, 2021 - 05:38:32 PDT
Initial jobless claims jumped significantly last week as 419,000 Americans filed for jobless benefits for the first time (well above the prior week's 368k and expectations of a 350k print)...
Markets have entirely recovered after their wobble earlier this week, but it’s based on a simple belief: central banks will stand behind markets. Investors are increasingly convinced inflation threats are irrelevant – and they are wrong to do so. Inflation risks are growing from immediate climate change, the costs of rising environmental instability and inflation...
Some hedge funds are holding onto their bets against Treasuries even after a sharp U.S. government bond rally bruised bearish investors earlier this week. Leveraged funds were net short several longer-dated maturities of Treasuries in futures markets, the latest data from the Commodity Futures Trading Commission showed.
Temporary may well extend into 2022.The outsize gains in U.S. inflation measures that exceeded forecasts over the last four months have been borne out in recent corporate earnings calls, with many executives highlighting greater pricing power. During the kickoff to the current earnings season...
The supply of entry-level housing in the U.S. is near a five-decade low, according to research by Freddie Mac.
Jul 22, 2021 - 05:26:47 PDT
Rent prices are exploding according to Corelogic and home prices are doing the same according to Case-Shiller. Let's compare both the the BLS rent index.
Another 2.2 Million Stimulus Checks Have Gone Out. Here’s Who Received the PaymentsJul 22, 2021 - 05:18:22 PDT
The latest batch brings the total number of payments disbursed to more than 171 million, with an aggregate value of $400 billion, according to the announcement from the IRS, Treasury Department and Bureau of the Fiscal Service. The IRS said it will continue to disburse these stimulus checks on a weekly basis.
U.S. Treasury yields fell slightly on Thursday morning, ahead of the release of weekly jobless claims data.
European Central Bank Vows a ‘Persistently Accommodative’ Stance in New GuidanceJul 22, 2021 - 05:13:11 PDT
The European Central Bank on Thursday held monetary policy steady, but tweaked its guidance to reflect its recently-hiked inflation target.
American Airlines and Southwest Airlines Thursday posted a profit for the second quarter, getting a lift from federal aid and a surge in travel demand.
Government Bonds are Reflecting a Highly Uncertain Future for the U.S. EconomyJul 22, 2021 - 05:05:40 PDT
Stagflation, a relic of the 1970s when inflation was high and economic growth slowed, has reemerged in market talk recently.