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Markets Are Facing a Black Swan Event With Nowhere to Hide - A Bubble That Could Burst at Any TimeApr 21, 2023 - 05:59:53 PDT
"There's nowhere to hide, no diversification in this type of market. This is a black swan event," one veteran technical strategist says.
Federal Reserve officials backed another interest-rate increase as they monitor economic fallout from bank strains, while fresh emergency loan data showed financial stress continues to linger.
Some stories are too ridiculous to be fiction…Like the director of the San Francisco Federal Reserve ALSO holding the title of CEO at one of the banks he’s supposed to be regulating.But there’s no way that could ever happen – right?In today’s exclusive video release, Mike exposes stunning details on the recent Silicon Valley Bank (SVB) failure that are incredibly irresponsible. These emerging facts help explain how SVB got away with putting their depositors' funds at absurdly high levels of risk. After all, who would stop them?
According to data from the IMF, four out of the top 6 countries in the world by size of PPP GDP in 2028 will be in Asia, relegating European economies to lower ranks.
The flow of money across borders is quickly growing, often changing and impossible to fully track.
A Recession Is Coming — And Stock Markets Won’t Come Through It Unscathed: StrategistApr 21, 2023 - 05:31:13 PDT
Speaking to CNBC’s “Squawk Box Europe” on Friday, Chris Watling said he believed a recession was on its way, citing what he described as “pretty compelling” and “brutally bad” leading economic indicators.
Shopping for Insurance Against a Debt-Ceiling Debacle? Buyer Beware: WSJApr 21, 2023 - 05:29:03 PDT
Quirks in the market for credit-default swaps might distort the probability of the Treasury defaulting on U.S. government debt.
Banks increased emergency borrowings from the Federal Reserve for the first time in five weeks, indicating that financial stresses are lingering after a string of bank collapses last month.
Nothing like this has been seen since the creation of the euro. The giant spoiler is that the eurozone money supply is in free-fall. The process has been going on long enough to raise the risk of an economic sudden-stop over coming months. European Central Bank data shows that 'narrow' M1 money has been contracting since last September in absolute terms.
The European Central Bank should proceed cautiously with any future interest-rate hike as credit growth slows and financial-stability risks persist, Governing Council member Ignazio Visco said.
Underlying inflation in the euro area is proving to be very strong, but the price gauge, which excludes volatile items, should ultimately slow, according to European Central Bank Vice President Luis de Guindos.
Argentina’s central bank increased its benchmark interest rate by 300 basis points Thursday after annual inflation soared in March and foreign currency reserves slumped.
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...