Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
How Can New Retirees Recover From Crushing Inflation, Rate Hikes and Bank Failures?Mar 22, 2023 - 05:43:32 PDT
Inflation, aggressive Fed rate hikes, failed banks are creating market havoc that's crushing new retirees' futures. Will they be able to recover?
The World’s Central Banks Have Chosen ‘Class War Over Financial Stability’: EconomistMar 22, 2023 - 05:39:48 PDT
The Fed and other central banks want to bring down inflation at all costs. Is it worth it?
Russia’s central bank is making it more costly for commercial lenders to have liabilities in what it calls “unfriendly” currencies by raising mandatory reserve requirements for foreign tender such as US dollars and euros.
The crises at SVB Financial Group’s Silicon Valley Bank and Credit Suisse Group AG are likely to spur scrutiny of small banks and potentially limit lending practices, Goldman Sachs Group Inc. Chief Operating Officer John Waldron said in an interview with the German newspaper Handelsblatt.
Janet Yellen essentially says all deposits are insured. From now on, moral hazard rules.
Asian lenders may find it difficult to replenish their capital by issuing Additional Tier-1 (AT1) bonds, Citigroup said in a research note on Wednesday, after the Swiss authorities' move to wipe out Credit Suisse bonds as part of its takeover deal.
As Silicon Valley Bank deteriorated late last year and regulators began internally flagging flaws in its risk management, the lender opened up the credit spigot to one group: insiders.
UK inflation accelerated unexpectedly for the first time in four months, spurring a rally in the pound and a selloff in government bonds as traders firmed up bets on further rate hikes from the Bank of England.
The European Central Bank will take a “robust” approach that allows it to respond to inflation risks as needed but also aid financial markets if threats emerge, according to President Christine Lagarde.
n a scenario where 50% of depositors are uninsured, "you have about 190 banks in a precarious position meaning the remaining value of assets is not enough to cover the face value of the insured deposit obligation," of course these bank runs can become more pronounced.
\The Federal Reserve can look past low liquidity in the Treasuries market and continue with its rate hikes, according to strategists at JPMorgan Chase & Co.
Wall Street CEOs and U.S. officials discussing an intervention at First Republic Bank are exploring the possibility of government backing to encourage a deal, Bloomberg News reported on Tuesday, citing people with knowledge of the situation.
U.S. authorities are set to explore ways to bolster financial stability, along with steps to tackle the problems facing First Republic Bank, as central banks consider whether recent banking sector turmoil has reduced the need for interest rate rises.
The Federal Reserve is grappling with a hazier economic picture clouded by turmoil in the banking industry and still-high inflation just as it meets to decide whether to keep raising interest rates or declare a pause.
the "most important FOMC meeting of the year", one which has been dubbed "Powell's Volcker Moment" and whose decision will test the Fed chair unlike any other because while on one hand, inflation is still rising, on the other the regional banking sector is currently undergoing existential shock with several banks failing in shocking and rapid succession as a result of the Fed's aggressive rate hikes (which in turn a result of the Fed's aggressive easing and non-hikes in 2021) leaving Powell trapped.
The Fed concludes its two-day meeting on Wednesday and investors expect the central bank to approve a quarter-point interest rate hike. Follow here for live updates.
World stocks were cautiously higher on Wednesday as hopes that a banking crisis would be averted were tempered by uncertainty before a Federal Reserve meeting that sees the central bank caught between taming inflation and maintaining stability. While London's FTSE stock index dipped, European stock markets more broadly edged higher while Asia-Pacific shares outside...
The Federal Reserve is trying to walk a tightrope — in a hurricane.After rate hikes resulted in the collapse of Silicon Valley Bank and Signature Bank, the Federal Reserve and the US Treasury stepped in with a bailout. With that hole in the dam seemingly plugged for the time being, the Fed pushed forward and raised interest rates by another 25 basis points at its March meeting.
In the wake of two major bank failures, Federal Deposit Insurance Corporation (FDIC) deposit insurance effectively went to infinity. And there is no reason to believe it will be temporary.As Silicon Valley Bank and Signature Bank were toppling, the government rushed in to guarantee 100 percent of both banks' deposits. It was touted as an emergency measure to maintain confidence in the banking system and prevent runs at other banks. In effect, it bailed out wealthy depositors at two failing banks.
The dust continues to settle after the failure of Silicon Valley Bank and Signature Bank, and the ensuing government bailout. Many people in the mainstream seem to think the crisis has passed. But a closer look at the condition of the banking system reveals these two banks were just the tip of the iceberg. Peter Schiff appeared on NewsMax Wake Up America to talk about the financial crisis. He said that there are more bailouts to come.