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Bank of Japan Likely to Maintain Ultra-Low Rates, Dovish Guidance Next WeekApr 21, 2023 - 05:16:01 PDT
The Bank of Japan is expected to maintain its ultra-easy monetary policy, including its interest rate targets and a 0.5% cap set for the 10-year government bond yield, at next week's rate review, said four sources familiar with its thinking.
The Bank of Japan is expected to maintain its ultra-easy monetary policy, including its interest rate targets and a 0.5% cap set for the 10-year government bond yield, at next week's rate review, said four sources familiar with its thinking.
Fed Tilts Toward Rate Hike, With a Possible Pause in View as Lending SlowsApr 21, 2023 - 05:13:30 PDT
U.S. Federal Reserve officials remain set to raise interest rates at their May 2-3 meeting but key data between now and then, particularly a survey of bank lending officers, may shape how they weight the risks facing the U.S. economy and whether they decide to pause further increases. Since the March 21-22 meeting Fed officials say they have kept in close touch with bank...
Fed’s Mester Says Rates Need to Rise Above 5%, Reserves Judgement for Next Policy MeetingApr 21, 2023 - 05:12:26 PDT
The Cleveland Fed president wants rates above 5% but will wait until the next policy meeting to decide on another hike.
Global stocks struggled on Friday as investors pored over economic data for clues on the likelihood of more interest rate hikes and possible recession in the United States as a new earnings season unfolded. Oil prices also crept higher but were still on track for a hefty weekly loss as softening U.S. economic data and a rise in U.S. gasoline inventories raised concerns...
Most attention in the precious metals markets has focused on inflation and the Federal Reserve's response. The perception that the Fed will continue to tighten monetary policy to fight inflation has created headwinds for gold and silver. But as Friday Gold Wrap host Mike Maharrey explains, there is a silver lining in all this - the fundamentals for silver. In this episode, Mike highlights silver's supply and demand dynamics. He also covers some good news for gold and silver coming out of Arkansas.
BANKING & FINANCIAL CRISIS 2.0: Setting The Stage For Unprecedented Precious Metals DemandApril 21, 2023
If the market believes the banking crisis is over, think again... the worst is still yet to come. The banking and financial system is actually setting up for a bigger meltdown than the 2008 Bear Stearns & Lehman Brothers collapse. And, to make matters worse the world is sitting a massive amount of debt and extreme leverage.,,
The broader dollar downtrend combined with lower interest rate expectations continue to buoy non-interest-bearing commodities like silver...
Apr 20, 2023 - 12:55:22 PDT
Peel Regional Police have enlisted the help of the RCMP following a massive gold heist at Pearson airport. Earlier this week, someone made off with 3,600 pounds of gold being moved through the airport. Pearson is often used to move gold mined in Ontario to customers around the world.
Credit Suisse has been accused of hampering an investigation into its links to the Nazis that revealed dozens of previously undisclosed accounts.
The banking system is a fragile illusion that could collapse suddenly, potentially wiping out the savings of millions who misplace their confidence in it.
The problem is once the bad actors start populating the literature with misleading information and developer biases infiltrate the code, it’s clear that AI can be an instrument of tyranny.
The original vicious circle starts with inflationary interventions in an up-to-then well-anchored monetary regime. Consequent asset inflation spawns a banking crisis. That leads to the installation of anticrisis safety structures (one illustration is a novel or enhanced lender of last resort).
The Failure of the Federal Reserve: The Covid Boom and Unnecessary InterventionApr 20, 2023 - 12:25:00 PDT
The Federal Reserve’s failure to meet its own policy goals of price stability and growth has become increasingly evident in the current economic situation in the United States.
A debt ceiling fight is looming in the U.S. yet again, giving investors another worry for markets this year.
US Regional Banks’ Shares Slip as Deposit Flight Counters Higher Interest IncomeApr 20, 2023 - 12:12:42 PDT
A clutch of U.S. regional lenders on Thursday joined peers in reporting deposit outflows for the first quarter as customers spooked by a banking crisis moved funds to bigger institutions or sought higher yields in money market funds.
US Banks Face Shifting Hundreds of Billions in Assets to EU at ECB Request: BloombergApr 20, 2023 - 12:09:52 PDT
Global investment banks are expected to move hundreds of billions of dollars more in assets and risk transfers to the euro area at the urging of the European Central Bank.
Argentina's peso currency sank in widely used parallel markets on Thursday, hitting a record low against the U.S. dollar as concerns grew about the Latin American country's economy, with 104% inflation, reserves dwindling and drought hitting exports.
At the end of last year, Ghana defaulted on its debt as the government suspended payments on most debts owed to foreign creditors. Earlier in 2022, Sri Lanka also entered default as inflation sent the country’s currency tumbling, exacerbating the cost of living crisis as imports of essential goods like food and medicine became more […]
US Leading Economic Indicators Tumble For 12th Straight Month, Signal Recession ImminentApr 20, 2023 - 08:33:31 PDT
This is the 12th straight monthly decline in the LEI (and 13th month of 15) - the longest streak of declines since 'Lehman' (22 straight months of declines from June 2007 to April 2008)