Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Janet, are you kidding? As The Fed attempts to fight inflation, rates are rising. Consequently, deposits are all commercial banks are falling. The Fed just released its weekly commercial bank data …
Negative interest rates and quantitative easing have wrecked the economic system. Negative interest rates destroy the profitable portion of a bank’s asset base, and no amount of cost-cutting or efficiency initiatives can compensate for this loss. Furthermore, persistent quantitative easing has transformed the investment side of the balance sheet into a ticking bomb.
Mar 27, 2023 - 07:21:54 PDT
Bill Gross warned the Fed may have gone overboard with its rate hikes, while Jeffrey Gundlach pointed to worrying moves in markets.
Predicting recession is a lot harder than predicting weather. Clouds don’t care what you think; they go wherever the wind pushes them. The economy, on the other hand, responds to human action. Our actions and attitudes can actually change it.
Mar 27, 2023 - 07:12:10 PDT
t today's Senate Appropriations Committee, Sen. John Kennedy (R-LA) questioned Treasury Sec. Janet Yellen about President Biden's proposed taxes.
Artificial intelligence may be coming for your jobs.
French President Emmanuel Macron summoned government ministers for a crisis meeting on Monday, as tensions ran high a day before another major round of strikes and protests against his pension reforms.
How This Bank Crisis Could Play Out - Mike Maloney on 'The Day of Reckoning'Mar 27, 2023 - 06:36:03 PDT
Do you want to know what's really going on with our economy and financial system?
Gold prices slipped on Monday as a rebound in equities dented the metal's safe-haven appeal, while investors evaluated steps taken by authorities to calm fears of a crisis in the global banking system.
Bank crisis not a credit quality problem but stems instead from now-impossible task of financing America’s ever-expanding foreign debt.
Australia and New Zealand Banking Group's CEO said on Monday the latest turmoil in the global banking system had the potential to trigger a financial crisis though it was early to predict it could bring one similar to that in 2008.
Morgan Stanley Asks When Will Central Banks Worry More About Financial Stability Than InflationMar 27, 2023 - 05:45:27 PDT
Central banks were always going to force a landing, one way or another; the banking sector may hold the key to which kind.
China’s central government is borrowing at the fastest pace on record to finance more spending and to ease the debt burden in provinces.
Debt-heavy local governments in China need new ways to raise money under a central regime keen on reducing financial risks.
As Banking Sector Confidence Falters, Central Banks Called On to Do MoreMar 27, 2023 - 05:40:56 PDT
Some investors and analysts are calling for more coordinated interventions from central banks to restore financial stability, as they fear that tumult in the global banking sector will continue amid rising interest rates.
Turmoil in the U.S. Banking Sector Increases the Risks of a Global Recession: WSJMar 27, 2023 - 05:39:27 PDT
Ripple effects of U.S. financial-system strains could lead to tighter credit, sharper slowdown worldwide
Stress in the banking sector is being closely monitored for its potential to trigger a credit crunch, a U.S. Federal Reserve policymaker said, as an ECB official also flagged a possible tightening in lending.
Thanks to interest-rate risk exposure, the central bank will soon have negative equity capital.
\The Federal Reserve’s preferred measure of underlying price pressures probably remained elevated in February, keeping officials in a precarious spot as they seek to balance inflation-fighting resolve and stress on the banking system.
It is no longer politically possible for governments not to stage rescues, but this is a snowballing problem of their own making...