Gold has all the potential to go unprecedentedly high. But silver will be gold on
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The basic problem, as we will be reviewing is that we have a number of fundamental risks and problems that have been building for many years when it comes to elevated asset prices, interest rates, inflation, the safety of the banking system, and the value of the dollar.
Apr 11, 2023 - 07:52:16 PDT
As I have also outlined in many past articles, now is the time you want to be preparing for what will likely be the most difficult bear market we have seen since the Great Depression.
The Fed is OK with this development and will be until there are more bank failures.
Apr 11, 2023 - 07:48:26 PDT
Between inflation under Biden and The Fed’s counterattack to get inflation to 2%, I call this the Biden Blitz. Unlike what the elites in Washington DC think, small business are the cornerston…
"Risk Of Harder Landing": IMF Cuts Global GDP Outlook, Warns Of "Heavy Downside Risks" Due To Banking CrisisApr 11, 2023 - 07:45:54 PDT
The IMF trimmed its global-growth projections in its latest World Economic Outlook report (link), warning of high uncertainty and risks as sticky inflation and financial-sector stress adds to pressures emanating from tighter monetary policy. GDP will likely expand 2.8% this year and 3% next year, each 0.1% less than forecast in January, the fund said in its latest forecast; That...
Historically, classical banking functioned as a way to safeguard people’s money—banks charged a fee to depositors for holding money and administering transfers. Today, banks generate enormous profits from making loans to borrowers—by lending out far more than they hold on reserve. How has the relationship between the depositor and the bank changed over time?
Once the gold price breaks above the prior highs, the next move higher in gold -- the bubble phase -- will move a lot faster than most people will expect. None of your prior tools is going to work. Too many will sell too early ...
Gold Prices Climb, on Track to Finish Above $2,000 per Ounce for Sixth Day: MWApr 11, 2023 - 06:01:18 PDT
Gold futures advanced on Tuesday as the most-active futures contract was on track to settle above the $2,000 level for the sixth straight session as a softer U.S. Dollar and Lower Treasury yields...
US gold giant Newmont Corp. has made a fresh bid for Australian rival Newcrest Mining Ltd., sweetening its record offer to A$29.4 billion ($19.5 billion) to bring closer the prospect of a precious metal behemoth.
Bank Turmoil Squeezes Borrowers, Raising Fears of a Slowdown, How Bad Could it Get?: NYTApr 11, 2023 - 05:56:26 PDT
The question now is whether banks and other lenders will pull back so much that the U.S. economy crashes into a severe recession.
Federal Reserve Bank of New York President John Williams said on Monday that financial system troubles that drove the central bank to provide large amounts of credit to banks is not collateral damage from the Fed’s aggressive effort to lower inflation.
El-Erian Sounds Recession Alarms & Warns of Stagflation After a Slew of Bank Failures Last MonthApr 11, 2023 - 05:47:19 PDT
"It is a phenomenon that, unlike financial contagion, is not easily countered by policies," El-Erian said of the looming credit crunch.
Bitcoin climbed above $30,000 for the first time since June 2022, bolstered by bets on easier monetary policies that have made cryptocurrencies standout performers this year.
The Stock Market’s Bubble Bust Will Only Be Halfway Over When the Fed Starts Cutting Rates: GranthamApr 11, 2023 - 05:39:41 PDT
"You tell me when the first interest rate cut is, and I will tell you when the second half of the pain is going to start."
Banks and Commercial Real Estate Debt, a Deep Dive: Investors and Government on the Hook for the Majority of CRE DebtApr 11, 2023 - 05:37:45 PDT
Retail CRE debt has been shitty since 2017, and banks managed without collapsing. Now Office turns to crap. Multifamily, the biggie, is following.
California To Front 20% Down Payments With 0% Interest For Homebuyers With Incomes Up To $211,000Apr 11, 2023 - 05:36:23 PDT
California homebuyers making up to $211,000 annually will be able to receive a 20% down payment, and all closing costs, at a 0% interest rate.
Regional Bank Pullback Exposes Widest Spreads In Years on Commercial Mortgage BondsApr 11, 2023 - 05:34:39 PDT
Bonds tied to commercial mortgages are getting punished as money managers fret that US regional bank blowups will cut the availability of credit, but investors including GMO say there are good bargains available to those willing to carefully vet the securities.
Japanese government bond (JGB) yields fell on Tuesday, after the new Bank of Japan (BOJ) Governor Kazuo Ueda vowed to maintain the bank's ultra-loose monetary policy. The 10-year JGB yield fell 1.5 basis points (bps) to 0.445%, its lowest since April 4. The 20-year JGB yield fell 2 bps to 1.035%.
More US small businesses reported having greater difficulty getting a loan in March after multiple bank failures led to a further tightening of credit conditions.
China’s consumer and producer inflation remained muted in March, suggesting more monetary or fiscal stimulus may be needed to strengthen the economy’s recovery.