Gold has all the potential to go unprecedentedly high. But silver will be gold on
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U.S. Treasury Secretary Janet Yellen on Tuesday warned that failure by Congress to raise the government's debt ceiling - and the resulting default - would trigger an "economic catastrophe" that would send interest rates higher for years to come.
Concerns about the U.S. banking system fuelled bids for safe-haven government bonds on Wednesday, while money markets nudged down expectations for the European Central Bank's (ECB) tightening path. First Republic Bank faces challenging options to turn around its business by creating a 'bad bank' or potentially selling assets. At the same time, the Wall Street Journal wrote in an article, including comments from former Dallas Fed President Robert Kaplan, that bank issues had a long way to run.
Oil fell amid widespread losses on Wall Street as lackluster earnings and diminished consumer confidence prompted broad selling.
Swiss National Bank officials can expect a day of protests and controversy this week as embittered shareholders vent on topics ranging from climate change to the fate of Credit Suisse Group AG.
Bank Groups Warned Regulators About Losses in Months Before SVB, Signature FailedApr 26, 2023 - 05:24:00 PDT
Months before Silicon Valley Bank and Signature Bank collapsed, US financial regulators received warnings about how the industry’s mounting unrealized losses had the potential to spark a crisis.
That’s the warning from Goldman Sachs Group Inc.’s Scott Rubner, whose data show systematic money managers have loaded up on more than $170 billion worth of global shares in the past month, driving the funds’ exposure to the highest level since early 2022.
More and more, the world’s biggest money managers are split over how much further inflation will retreat from the highest levels in decades.
The European Central Bank must lift borrowing costs further because inflation pressures remain too high, according to Governing Council member Boris Vujcic.
Bond traders are no longer fully convinced that the Federal Reserve will do one more quarter-point interest-rate hike.
First Republic Bank is exploring divesting $50 billion to $100 billion of assets as the beleaguered lender attempts to rescue itself from the turmoil that engulfed the industry last month.
S&P 500 futures wavered as First Republic Bank extended a slump amid lingering concerns about the health of US regional banks, even as a strong start to big-tech earnings helped support broader sentiment.
Seasonally Adjusted Money Supply in March fell $257B. As the chart below shows, this is now the 8th consecutive monthly drop. Going back to the 1970s, the drop in March was actually the biggest on record on an absolute and relative basis.
In a stunning update, the iShares SLV ETF reported a massive liquidation of short positions yesterday. This is quite interesting as it occurred right at the peak of the SLV and Silver Prices. Typically, we see market participants liquidating short positions as the price of the asset falls, but not this time...
Apr 25, 2023 - 13:26:36 PDT
In the past month, silver prices have gone up nearly 20%, eclipsing the S&P 500’s approximate 5% gain over the same period, as well as outpacing other precious metals, including gold (9%), platinum (10%) and palladium (12%).
Economies accelerate de-dollarization campaign amid growing US hegemony & weakening economic status
Economies across the world are exploring the use of convenient currencies other than the United States dollar for trading.
The enormity of U.S. government debt is hard for the average person to wrap their head around. For instance, compared to the median U.S. mortgage, the current level of federal debt is 230 million times larger. In this graphic, Julie Peasley shows how many one-dollar bills it would take to stack up to the total U.S. debt of $31.4 trillion.
The U.S. went bust in 2009 - technically. Since then, the hope by our enemies (internal and external) was to drive the U.S. dollar out of its role as reserve currency. It is not hard to understand why (for them) on many fronts, both legit and purely dictatorial.
Published: April 2023 Recent decades have been characterized primarily by closed systems, both financially and online. The financial system as we know it has been a rather closed system for ages, consisting of various silos. Banks and brokerages operate permissioned ledgers. Opening accounts with institutions is a permissioned activity. Sending assets between institutions is a […]
Governor DeSantis recently took aim at the Federal Reserve, presumably to bolster his national-issues profile ahead of announcing a run for the presidency, which he is expected to do in May. He lambasted both Chairman Powell’s leadership and the nascent moves towards a central bank digital currency (CBDC). DeSantis apparently wants to demonstrate his populist bona fides. He may even be trying to recapture some of the energy of Ron Paul’s “End the Fed” campaign from more than a decade ago.