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Apr 18, 2023 - 09:05:35 PDT
In a fresh sign of the threat to traditional banks, Apple and Goldman Sachs on Monday announced the launch of a new savings account in the US that will pay a market-leading 4.15 per cent a year.
Cash Will Become ‘Less Useable’ as High Street Goes Contactless, Says Bank of EnglandApr 18, 2023 - 09:03:21 PDT
Deputy governor Sir Jon Cunliffe warns of long-term decline in places where bank notes can be spent...
Big Question With Dollar Under Fire From Rival Countries And Currencies: What Happens Next? MWApr 18, 2023 - 08:49:47 PDT
Warning that 'King Dollar' may soon lose its crown are again in vogue. Here's what the experts say.
This crisis will lead to the end of the welfare-warfare-fiat currency system. While history suggests this will lead to the rise of even more authoritarian political movements, the growing popularity of libertarian ideas suggests the collapse will also fuel the further growth of the liberty movement.
Apr 18, 2023 - 08:17:53 PDT
China's massive gold stash is linked to the rise of the petroyuan and is reshaping the global monetary system.
As amazing as it sounds, ECB President Christine Lagarde is making sense.
The US and EU want to reduce dependence on China without resorting to protectionism. How does that work?
The Surge in New Businesses Is One of the Big and Surprisingly Sticky Changes Coming out of the Pandemic EconomyApr 18, 2023 - 08:05:19 PDT
And yet, the Pandemic Money is long gone.
Apr 18, 2023 - 07:59:21 PDT
The Taylor Rule suggets a Fed Funds Target rate of 11.77 while the current target rate is only 5%. This is called “leading from behind.”
Apr 18, 2023 - 07:56:12 PDT
It’s springtime for housing! But winter for the mortgage market. US housing starts have declined in March by -17.2% since the same time last year (YoY) as The Fed rapidly removes Covid-related monetary stimulus (green line).
Gold prices climbed back above the $2,000 level on Tuesday, buoyed by a weaker dollar, while investors looked for more clarity on the U.S. Federal Reserve's rate hike path.
Disagreement is bubbling up at the Federal Reserve as dueling growth and inflation risks pull policymakers in different directions. If you think the debate seems fiery now, just wait until the third quarter, when recession may be at the nation’s doorstep.
Is housing starts' reversal signaling the downturn in the housing market that will eventually hit employment.
Prepare for Oil to Rally as the Fed Gets Set to Pause Its Rate Hikes: JPMorganApr 18, 2023 - 05:50:32 PDT
Since 1988, the final rate hike in a tightening cycle has been followed by increases in the price of Brent crude three months later, JPMorgan said.
Banking Stability Worries Go Behind Closed Doors at IMF-World Bank MeetingsApr 18, 2023 - 05:49:05 PDT
Just a month after the biggest banking crisis in more than a decade, the world's top economic and financial policymakers gathered in Washington and said surprisingly little about financial system stability - at least publicly. With financial markets calmed by strong policy actions to stem the outflow of bank deposits, the International Monetary Fund and World Bank spring meetings...
China Will Become the Global Economy’s Biggest Growth Driver in the Next 5 Years, Doubling the USApr 18, 2023 - 05:44:22 PDT
IMF: Brazil, Russia, India, and China together are expected to contribute nearly 40% of the world's growth through 2028, the group said.
‘There’s No Reason to Wait’: Sell Stocks Now Before the S&P 500 Tanks by Over 20%, Strategist SaysApr 18, 2023 - 05:40:24 PDT
The stock market is heading for a sharp setback that could see the S&P 500 plunge about 22% over the coming quarters, according to the chief market strategist at FS Investments.
A Big Recession?: Blackrock Dismisses Concerns of an Economic Downturn This YearApr 18, 2023 - 05:35:59 PDT
Everyone is talking up the prospect of a recession. Well, actually, not everyone, it seems. In contrast to the widely held view that a recession is now all but inevitable, BlackRock CEO Larry Fink believes otherwise. Fink argues that due to the huge volume of stimulus being directed at the economy from a host of bills, such as the Inflation Reduction Act, the Infrastructure Bill...
Charles Schwab Corp. executives said the firm can withstand the turmoil roiling US banks, while pausing stock buybacks in response to the industry’s worst crisis since 2008.
Investors cheering the gains in technology stocks this year may not have much more to celebrate, according to JPMorgan Chase & Co.’s Marko Kolanovic.