Gold has all the potential to go unprecedentedly high. But silver will be gold on
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There are three reasons driving our concern. First, the macroeconomic environment has shifted profoundly, moving from the quantitative easing stimulus programmes of central banks to tightening on a co-ordinated basis. Second, elevated uncertainty over monetary policy is leading to heightened rates volatility. The focus of central banks on avoiding 1970s-style inflation is clashing with expectations of a sharp economic contraction that will require a return to easing. Third, changes in the US Treasury market have raised liquidity concerns...
First Republic Bank seizure and sale to JPMorgan Chase was supposed to be a cathartic moment for American banks, the denouement of the financial system’s latest crisis of confidence. On Tuesday, shares of regional banks were plunging, with a handful of them dropping by double-digit percentages.
The European Central Bank needs to continue raising interest rates amid a “too high” underlying inflation rate, said Governing Council member Klaas Knot.
U.S. Treasury Secretary Janet Yellen on Sunday issued a stark warning that a failure by Congress to act on the debt ceiling could trigger a "constitutional crisis" that also would call into question the federal government's creditworthiness.
US and European companies have blamed disappointing earnings on a slower than expected economic rebound in China after its sudden reopening from pandemic curbs prompted over-optimistic growth forecasts.
Senate Republicans Oppose Vote Just to Raise US Debt Ceiling, Push for Other PrioritiesMay 8, 2023 - 05:44:06 PDT
A group of 43 Republicans in the U.S. Senate said they oppose voting on a bill that only raises the U.S. debt ceiling without tackling other priorities, in a letter to Democratic Senate Majority Leader Chuck Schumer, showing they could block such a plan by Democrats.
US inflation data in the coming week will provide clues about whether the Federal Reserve can pause its series of interest-rate hikes at next month’s meeting.
President Joe Biden said on Friday he was not yet ready to invoke the 14th Amendment to avoid the United States defaulting on its debts as early as June 1, comments which for the first time suggested he has not ruled out the option.
Invitation Homes, the largest publicly traded holder of U.S. single-family properties, told investors on Tuesday that it's now a net seller of homes.
The market for loans from non-bank firms like Apollo and Blackstone is booming. A crisis in regional lenders could accelerate it.
Investors are bailing on preferred shares at a historic clip because of the growing concern about the health of US regional banks.
The Chinese economy’s debt ratio reached a record high in the first quarter of the year, with bank loans to companies surging as the nation reopened from Covid Zero.
This Is Why Our National Debt Rises In Good Times And Explodes Higher In BadMay 8, 2023 - 05:35:34 PDT
“Hong Kong is filled with frustrated bulls,” barked Biggie Too, chief global strategist for one of Wall Street’s Too-Big-To-Fail affairs. “And New York is full of frustrated bears,” said Biggie, finishing up another world tour. “People don’t understand why the S&P is here. Look beneath the surface and there’s horrible damage. But you have these 10 tech stocks in a different universe,” ...
Investors should brace for months of market readjustments overshadowed by the threat of a new “financial accident,” according to Allianz chief economist Ludovic Subran.
The selloff in US bank shares is threatening to push them below a technical threshold that could signal more pain ahead for the broader stock market.
Hedge funds supercharged bearish Treasury bets to historic levels just days before the US banking turmoil took a turn for the worse and spurred a stampede for the world’s safest assets.
Buffett Turns Gloomy: The "Incredible Period" For The US Economy Is Coming To An EndMay 8, 2023 - 05:30:19 PDT
While Warren Buffett's insights on the economy are traditionally cheerful and uplifting - usually hitting at time of peak pessimism in the form of self-serving NYT op-eds or CNBC vignettes (and usually around the time the Omaha billionaire knows that the government will backstop his TBTF investments, unlike those of pretty much anyone else), on Saturday the head of Berkshire...
US equity futures struggled for direction on Monday, pointing to a subdued open on Wall Street as traders assess the outlook for monetary policy ahead of key inflation data later this week.
Global shares edged up in light trading on Monday, ahead of U.S. inflation data this week that could prove instrumental in setting expectations for the outlook for monetary policy. The dollar came under pressure as a deadline for lawmakers to resolve a standoff over the U.S. government's borrowing limit drew ever closer. Friday's robust U.S. payrolls report has prompted...
After a record-setting 2022, central banks continued to buy gold in the first quarter of 2023, setting a new Q1 record.Overall, global central bank gold reserves increased by 228 tons through the first three months of 2023. This was 38% higher than the previous first-quarter record set in 2013.