Gold has all the potential to go unprecedentedly high. But silver will be gold on
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NATO’s post-Cold War history is that of an organization far past its “sell-by” date. Desperate for a mission after the end of the Warsaw Pact, NATO...
Instead, expect this game of chicken to continue. You can brace for the worst by buying gold and building up cash reserves that you can redeploy at a later date. The stock market may be in for a rocky road.
China is increasingly expanding its gold reserves and ditching the dollar in moves that could have implications on investments, the CEO and founder of a leading financial advisory and fintech has warned. China’s gold reserves increased by 8.09 tons in April, according to data from the State Administration of Foreign Exchange. Total gold stockpiles reached 2,076 tons after the nation...
Gold prices reversed course to gain on Wednesday as the dollar retreated after U.S. inflation readings came in mostly as expected, reinforcing expectations for a pause in the Federal Reserve's interest rate hikes.
Gold Closes in on an All-Time High Thanks to De-dollarization and Banking UncertaintyMay 10, 2023 - 06:02:31 PDT
Investors have flocked to so-called safe havens like gold with the regional banking crisis weighing on other assets.
Consumer Price Inflation Slows Modestly, Still Outpaces Americans' Wages For 25th Straight MonthMay 10, 2023 - 05:58:17 PDT
Another month, another inflation print to jawbone over. The Fed's new favorite signal from The BLS is Core Services CPI Ex-Shelter, and this morning's print is 'good' news with the YoY growth at the slowest since May 2022.... Is M2 signaling that the 'stickiness' is over and a tsunami of deflation is about to hit?
"A Lot More Bodies Coming" - Druckenmiller Warns Of "Hard Landing", Blasts Fed "Free Money" Making People Do "Really Stupid ...May 10, 2023 - 05:57:00 PDT
Stan Druckenmiller thinks the US economy is teetering on the edge of a recession, predicting a "hard landing", and warning that "there's a lot more bodies coming" with regarding regional banks and corporate bankruptcies.
Treasury Debt Advisers Warn of ‘Seismic’ Impact From U.S. Debt Payment DelaysMay 10, 2023 - 05:55:37 PDT
Wall Street executives who have advised the U.S. Treasury's debt operations for the past 25 years warned on Tuesday they are "deeply concerned" about the debt limit impasse that has markets worried about a U.S. default on payment obligations.
U.S. companies are feeling the heat of decades-high interest rates and sticky inflation, with several filing for bankruptcy protection as the era of easy money draws to a close.
China will be the elephant in the room at this week's meeting of Group of Seven (G7) finance leaders, who will seek to diversify supply chains away from the country -- but also try to get Beijing's cooperation in solving global debt problems. The conflicting goals come on top of vulnerabilities the G7 rich democracies face due to their heavily reliance on China...
Corporate America’s buybacks are raging on, defying fears that a potential US economic recession could hamper the outlook for profits.
Sushil Wadhwani warns a deeply divided Congress may push the US to the brink of a default and credit downgrade before it resolves its standoff over the debt ceiling.
Oil fell ahead of a critical US inflation report that could provide key signals on future energy demand and as investors digested a mixed report on crude supplies.
In assessing the impact of the aggressive rate hikes that have lifted the Fed's benchmark overnight interest rate a full 5 percentage points over 14 months, U.S. central bank officials may take some solace from First United's experience that the worst sort of credit shock has been avoided despite the dramatic collapses two months ago of SVB and Signature Bank and the more recent failure of First Republic Bank.
The cost of insuring US Treasuries against default now eclipses some emerging markets and even junk-rated nations, as politicians run out of time to lift the borrowing limit before the government runs out of money.
Traders of interest-rate options are harboring the same doubts as Wall Street strategists when it comes to bets that the Federal Reserve will pivot to interest-rate cuts within months.
The European Central Bank is near the conclusion of its cycle of interest-rate increases and will almost certainly cease this year, Governing Council member Yannis Stournaras said.
We Have All the Ingredients for a ‘Minsky Moment’ - Investors Should Brace for Volatile Stock MarketMay 10, 2023 - 05:25:36 PDT
Economist Hyman Minsky warned in 1986 that rising debts and speculative bubbles would eventually collapse. Today's economists fear he might be right.
Finance ministers and central bank governors from the world’s wealthiest nations gather in Japan this week with a growing list of urgent issues to discuss, from the risk of more bank failures and the need for debt restructuring to the threat of a US default.
House Speaker Kevin McCarthy suggested a debt-ceiling meeting with President Joe Biden Tuesday didn’t break any new ground but also offered a glimmer of hope.