Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Apr 3, 2023 - 08:29:29 PDT
Tom welcomes back Steve Hanke Professor of Applied Economics - Johns Hopkins University.
The food crisis will be the biggest crisis of the 21st century. It will push up food prices and spread hunger and poverty. Surging food prices will create inflation and create more crisis in the world. This will not only affect developing countries but also developed countries. According to United Nations World Food Programme (WFP), more than 73 million people in 78 countries who depend...
The theme of this article is debt deflation. How likely is it that the downturn in broad money supply will continue, and if so, why? And what are the consequences? The major central banks have increasingly resorted to interest rate management as their principal means of demand management. Yet history shows little correlation between managed interest rates and the growth...
Apr 3, 2023 - 08:20:02 PDT
Apparently, foreign Central Banks have lost faith in Biden and The Federal Reserve. Foreign Central Banks are selling US Treasuries. Other than The Fed, Japan and China are the two largest holders …
The investment losses that helped take down Silicon Valley Bank are a problem, to one degree or another, across the U.S. financial system. In total the industry ended last year with $620 billion of unrealized losses on its books from investments in low-yielding bonds.
Customers withdrew another $126 billion the week ending March 22, bringing total industry deposits to their lowest level since July 2021.
Gold prices bounced back on Monday as the dollar trimmed its initial gains that were driven by bets that OPEC's surprise output cuts could jack up global energy prices and force central banks to hike interest rates.
“The rate of change in continued jobless claims is up 13% year over year. Going back to 1968, the average recession start date occurred when continued jobless claims were up 7.2% year over year.”
Apr 3, 2023 - 06:09:10 PDT
I love how the Supernatural character Dick Roman, a Levianthan, referred to Joe Biden as replaceable and having no spark. BUT Biden, Pelosi and Schumer did go on a historic spending spree helping t…
Apr 3, 2023 - 06:07:07 PDT
Former Fed Chair (and current Treasury Secretary) Janet Yellen protected President Obama by raising The Fed’s target rate only once while Obama was in office. Then raised rates 8 times after …
Apr 3, 2023 - 06:05:16 PDT
Even worse, the UMich buying conditions for housing hit 142 in February 2020 but has declined to 47 in March 2023.
\Chinese authorities warned the nation’s top banking executives that the crackdown on the $60 trillion industry is far from over in a private meeting late Friday, just as they were about to announce the probe of the most senior state banker in nearly two decades.
Activity at struggling factories across the euro zone fell further last month as consumers feeling the pinch from rising living costs cut back, according to a survey which did show the cost of manufacturing fell for the first time since mid-2020.
Japanese manufacturers' sentiment soured in the first quarter to its worst level in more than two years, eclipsing an uptick in service-sector mood, a central bank survey showed, reinforcing views a strong post-COVID economic recovery is some time away.
China's sprawling manufacturing sector, accounting for a third of the world's second-largest economy by value, lost momentum in March amid still-weak export orders, tapping the brakes on the country's economic recovery from restrictive COVID-19 policies.
Treasury yields rose on concern a rally in oil prices will keep inflation elevated and put pressure on the Federal Reserve to go on raising interest rates.
The bank created by the UBS takeover of Credit Suisse is poised to reduce its workforce by 20-30%, Swiss daily Tages-Anzeiger reported on Sunday, citing an unnamed senior UBS manager.
China’s Central Bank Calls for Stronger Defences Against Financial CrisisApr 3, 2023 - 05:50:33 PDT
China should accelerate legislation of the Financial Stability Law and improve other legal arrangements designed to prevent and dispose of financial risks, three officials from the People's Bank of China (PBOC) wrote in China Finance, a publication affiliated to the central bank.
SVB Collapse Complicates Banks’ Efforts to Unload More Than $25 Billion of Junk Debt; WSJApr 3, 2023 - 05:49:13 PDT
Banking turmoil and Twitter woes cloud the picture for “hung” buyout loans.
Individual Investors Slow Stock Purchases, Leaving Markets Vulnerable: WSJApr 3, 2023 - 05:48:14 PDT
The sharp drop in individuals’ equity buying in recent weeks leaves stock markets without a dependable leg of support after a rocky first quarter.