Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Looking all the way out to march of 2024, the weighted average expectation barely changed as well. Yesterday, the expectation was 4.05 percent and today it's 3.98 percent.
Mike Maloney has just released a new video that you won't want to miss with Daniela Cambone from Stansberry Research.
Yellen’s Comments Create the Worst of All Possible Worlds for Banking IncentivesApr 12, 2023 - 08:30:21 PDT
Over the last 40 years, there has been a clear trend of bigger banks taking over the industry. Recent comments by Treasury Secretary Janet Yellen threaten to accelerate the trend of banks which are "too big to fail."
With Inflation Stubbornly High, 58% Of Americans Are Living Paycheck to PaycheckApr 12, 2023 - 08:14:24 PDT
With inflation stubbornly high, more than half of all Americans are living paycheck to paycheck, according to a new report.
Apr 12, 2023 - 07:50:46 PDT
The reality is that the 25 largest domestically-chartered commercial banks in the U.S. have been bleeding deposits for most of the past 12 months, shedding more than $700 billion in deposits between April 13, 2022 and March 29, 2023. To put that in even sharper focus, all U.S. domestically-chartered commercial banks have lost a total of $970 billion during the same time period. That means that the largest 25 banks account for a whopping 72 percent of the plunge in deposits over the past year. (See chart below.)
Trouble in Multifamily CRE: Two Big Messes, and Investors Are on the Hook, not BanksApr 12, 2023 - 07:46:19 PDT
A REIT specializing in CRE loans foreclosed on 3,200 apartments in Houston. CMBS investors hit by default of 62 multifamily buildings in San Francisco.
Project Icebreaker: The Beginning Of A One World Digital Currency System?Apr 12, 2023 - 07:43:34 PDT
There has been extensive discussion in the past couple of years within alternative media circles about the dangers of Central Bank Digital Currencies (CBDCs); a currency framework very similar to blockchain based products like Bitcoin but directly controlled by central bankers. It’s a threat that some analysts including myself have been writing about for more than a decade, so it’s good to finally see the issue being addressed more in the mainstream.
The most likely path for the dollar from here is one of slow decline.
Public debt is higher and growing faster than projected before the COVID-19 pandemic, driven mainly by the United States and China, the world's two largest economies, the International Monetary Fund's top fiscal expert said on Wednesday.
BlackRock Inc. increased its overweight call on inflation-linked debt on the view that price pressures will remain well above the Federal Reserve’s 2% target.
Financial Stress Is on the Rise to Levels Similar to the Ltcm Collapse & Dot Com Bubble Bust: ChartApr 12, 2023 - 07:25:21 PDT
Rising financial stress tends to precede further tightening of credit conditions and then a ultimately recession.
Gold prices are on the move after the US CPI data has finally eased off and printed the reading of 5% against the expectations of 5.1%. Traders have taken this news as an indicator that the Fed is going to ease off from its rate hike cycle. However, the Fed minutes, which are due later in the day, are highly important, as the Fed may argue that core inflation is still sticky and they need to do more.
Gold accelerated over 1% on Wednesday as signs of cooling inflation added fodder to bets for a pause in U.S. interest rate hikes and dragged down the dollar and yields ahead of U.S. Federal Reserve's latest meeting minutes.
Real yields should provide an even greater tailwind for gold through the rest of 2023, supported by a weaker dollar and by buying from reserve managers.
The recent collapse of several banks in the US has resulted in a significant drop in US bank stocks and the upcoming quarterly earnings season will either make or break them.
Core CPI Re-Accelerates, Headline Slows, Real Wages Decline For 24th Straight MonthApr 12, 2023 - 06:01:39 PDT
Despite NYFRB's recent survey showing inflation expectations resurging, expectations were for a notable drop in headline CPI (but a rise in core CPI) and that is what we got, with headline CPI +0.1% MoM (+5.0% YoY vs 5.1% exp, and down from 6.0% YoY prior)...
The Federal Reserve is on a path to shrink the size of its massive stock of cash and bonds for several more years, and will likely also face several more years of negative net income as well, a report from the New York Fed said Tuesday.
Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said the Fed's interest-rate hikes and a possible pullback in lending after two bank failures last month could trigger a recession, but allowing inflation to stay high would be even worse for the labor market.
U.S. Treasury Secretary Janet Yellen will call on Wednesday for the World Bank to undertake additional reforms this year to expand its ability to help developing countries meet global challenges such as climate change. Yellen is hosting talks with global finance officials on Wednesday to discuss ways to continue evolving the World Bank and other multilateral...
Just when you thought the banking crisis was over — you'd better brace for an onslaught of big drops in bank profit. Hopefully you aren't caught flat-footed.