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Post-2008 regulations may save us from a bank panic. The danger is every other financial institution.
Federal Reserve Bank of St. Louis President James Bullard said steps taken to ease financial strains were working and the central bank should keep raising interest rates to fight high inflation.
U.S. dividend funds have faced steep outflows this year after strong inflows last year as investors rush to safer money market funds and bank deposits, providing high returns without much risk.
The U.S. dollar is expected to weaken against most major currencies in 2023, according to a Reuters poll of foreign exchange strategists.
The 10-year strategy document outlines a focus on taxpayer services and enforcement efforts on the rich.
Unemployment Insurance Claims Still at Good-Times Levels as Gone-Awry Seasonal Adjustments Get FixedApr 6, 2023 - 12:02:03 PDT
Labor market that’s less tight, where it takes a little longer to find a new job, similar to the Good Times before the pandemic.
Apr 6, 2023 - 11:54:28 PDT
Biden, The Federal Reserve and insane Federal spending are killing King Dollar. Countries that used to use the US Dollar as reserve currency are dumping the dollar like a month old burrito.
“I Truly Believe One of the Hugest Shifts in Finance Is Coming At Us” & Silver COMEX Default?Apr 6, 2023 - 09:43:23 PDT
When asked recently for his opinion on how institutional investors may move the silver market, Mike Maloney did not hold back.
IMF Head Warns World Economy Is Set for Weakest Near-Term Growth Since 1990Apr 6, 2023 - 08:25:31 PDT
The IMF projects global growth to remain around 3% over the next five years –– the lowest medium-term growth forecast since 1990 and well below the average of 3.8% from the past two decades.
March’s Banking Chaos Gave Short Sellers Their Biggest Profits Since the Financial CrisisApr 6, 2023 - 08:24:39 PDT
Short sellers were sitting on more than $7 billion in profit from the mass sell-off of bank shares last month, according to data firm Ortex.
St. Louis Fed President James Bullard on Thursday downplayed the concern over financial stress on the economy.
The Fed's Weaponization of the US Dollar: Giving Big US Banks The Ultimate Safety NetApr 6, 2023 - 08:18:22 PDT
With the Fed backstopping big banks in the US, why would you hold capital in banks offshore?
Imagine you’re a multinational with global banking. What do you do? I’ll tell you what you do. You de-risk and shift your capital into these “systemically sensitive” US banks. That means banks outside of the US see capital flight.
Apr 6, 2023 - 08:09:34 PDT
The eighteen countries that have agreed to use India’s rupee as an alternate reserve currency include Botswana, Fiji, Germany, Guyana, Israel, Kenya, Malaysia, Mauritius, Myanmar, New Zealand, Oman, Russia, Seychelles, Singapore, Sri Lanka, Tanzania, Uganda, and the United Kingdom. Meanwhile, the BRICS countries (Brazil, Russia, India, China, and South Africa) are in the process of developing their own currency that will be presented at the organization’s upcoming summit in South Africa.
According to the Institute of International Finance (IIF), the value of global debt was slightly below $300 trillion in 2022. The world debt to GDP ratio fell last year but it is still above pre-pandemic levels. The US debt to GDP ratio in 1982 was around 35%. Today it is more than three times higher, at 120%.
"The Last War We Can Afford To Fight": Tucker Carlson Sounds Alarm Over De-DollarizationApr 6, 2023 - 08:02:14 PDT
As we've noted several times of late, a growing number of countries are threatening the US dollar's status as the global reserve currency by conducting global trade without it - you know, the thing Saddam and Gaddafi threatened to do before they were 'liberated' from their mortal coils for other stated reasons.
The allure of shares dimmed when bond yields surged and the corporate-earnings picture continued to darken.
What does it signify that the dollar is within a hair of its record low of a 2074th of an ounce of gold that it hit in August 2020?
The Accelerating Countdown to Armageddon tells us: “Those who focus on the U.S. national debt (and I’m one of them) ...."
Apr 6, 2023 - 07:20:08 PDT
Millions of Americans are beginning to ask themselves this question: Is the Federal Reserve (the “Fed”) a competent central bank or a terminally compromised regulator that simply does the bidding of Wall Street’s mega banks to the peril of average Americans and the U.S. economy? Millions of other Americans have already made up their minds on this point.
Last week, Fox News aired a segment discussing the possibility that the US dollar will cease to be the global reserve currency and what that would mean for Americans. The tone of the piece suggested that a “catastrophic” decline of the US dollar was not only possible, but perhaps even imminent.