Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Despite the mixed signals being sent by various sectors, the energy markets remain surprisingly resilient with oil inventories declining.
Rising interest rates, falling prices and waning demand for office space following the pandemic had strained the commercial property market. But these troubles intensified after this year’s failures of Silicon Valley Bank, Signature Bank and First Republic raised worries about other regional banks that account for the bulk of commercial real estate loans.
A Federal Reserve report warned that banks’ concerns about slower growth could lead them to make fewer loans, accelerating an economic downturn, and highlighted commercial real estate as an area of heightened risk that will draw more scrutiny from bank examiners.
Expectations among US stock investors that the worst of pressures may have passed will likely be proven wrong as recession risk still looms, according to JPMorgan Chase & Co.’s Marko Kolanovic.
US interest-rate strategists at Goldman Sachs Group Inc. joined those at Barclays Plc in advising customers the Federal Reserve will be less aggressive in cutting interest rates this year than markets are predicting.
PacWest Bancorp shares fell on Tuesday, leading some peers lower in early trading as the hard-hit regional bank stock resumed its decline.
Chicago Fed President Austan Goolsbee joins Yahoo Finance Live to discuss voting in favor of a 0.25% basis point rate hike at the last FOMC meeting, the U.S. debt ceiling, the strengthening labor market, a looming credit crunch, the state of the economy, and the odds for a recession.
Wall Street watched highly anticipated debt ceiling talks and looked forward to Wednesday's inflation report.
Global Markets-Asian Stocks Edge Lower Amid Gloomy China Data as US CPI LoomsMay 9, 2023 - 05:23:14 PDT
Asian stocks eased back from more than two-week highs on Tuesday as traders squared positions heading into a key U.S. inflation report, while gloomy Chinese trade data also kept risk sentiment in check. The dollar stabilized against major peers as U.S. yields remained elevated amid increased confidence that the banking sector is not headed for a wider crisis. MSCI's...
After pulling back slightly in February, Americans went back to borrowing on credit cards in March — despite record-high interest rates. This indicates that consumers continue to struggle to make ends meet in this deteriorating economy. It also reveals that the Fed's monetary tightening is not cooling spending as promised.
During his post-FOMC meeting press conference, Federal Reserve Chairman Jerome Powell insisted that the US banking system is resilient and sound. He said this despite the failure of First Republic Bank just days before the Fed meeting. Peter Schiff appeared on the Claman Countdown on Fox News and argued that Powell and others are wrong. He said the US economy is in a financial crisis worse than in 2008.
What will it take to get to $3,000 gold price and beyond? That will likely depend on rising demand from investors and central banks. But... how much? In this Strategic Report, I provide my analysis of the supply and demand forces that will push gold to new all-time highs...
Gold edged higher on Monday, regaining some ground after a retreat in the previous session and ahead of inflation data this week that could provide clues on the outlook for U.S. interest rates.
China added to its gold reserves for a sixth straight month, extending a flurry of purchases as central banks around the world expand their holdings of bullion amid escalating geopolitical and economic risks.
The richer the country, the bigger the safety net when crisis strikes—but other countries are left behind
Allianz chief economic advisor Mohamed El-Erian gives an economic outlook and explains that the country is having problems with economic growth, inflation and financial stability on 'Maria Bartiromo's Wall Street.'
Hegemony is closely related to energy consumption because energy is what allows an economy to manufacture goods of all kinds, including armaments needed for war. The energy consumption of the US as a percentage of the world's has been falling since 1970.
SLOOS Finds Even Tighter Credit Standards, A Collapse In C&I Loan Demand, And A Dire Outlook For Rest Of 2023May 8, 2023 - 12:26:32 PDT
Three months ago, back in February, we had already warned that the Q4 "Fed Loan Officers Paints Dire Picture: Loan Standards Approaching Record Tightness As Loan Demand Plummets."
"The Fed says it created BTFP to 'support American businesses and households.' But those businesses and households will ultimately be on the hook if the Fed’s risk-taking turns out to be too much." ~ Nicolas Cachanosky
Although the Fed owns up to some of its own regulatory impotence during the collapse, it mostly passes the buck. Worse, the central bank cites SVB’s collapse as a reason to give regulators more control over the financial system.