Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
End of the ‘Everything Bubble’ Finally Hit The Banking System. Might Be First of Many Shocks: MWMar 21, 2023 - 07:10:47 PDT
The Fed and other central banks face a difficult choice: Keep rates high to control inflation or loosen monetary policy to stabilize financial markets.
Things are truly heating up, but what caused this? Where is it going?
Watch Live: Yellen To Reassure World That "Treasury Is Committed" To Bailing Out Regional Bank DepositorsMar 21, 2023 - 07:00:34 PDT
Watch Treasury Secretary Janet Yellen will address bank leaders from across the country at the American Bankers Association's annual Washington Summit (due to start at 1000ET):
Mar 21, 2023 - 06:45:17 PDT
The above image from Fed Policy Tools. "This action eliminated reserve requirements for all depository institutions." The Fed openly encouraged and sought both inflation and speculation. It got what it wanted and then some. Now the Fed has no idea how to fix the mess it created.
2017 FlashBack: Fed’s Yellen Expects No New Financial Crisis in ‘Our Lifetimes'Mar 21, 2023 - 06:41:41 PDT
U.S. Federal Reserve Chair Janet Yellen said on Tuesday that she does not believe that there will be another financial crisis for at least as long as she lives, thanks largely to reforms of the banking system since the 2007-09 crash.
Gold continued to decline for the second day on Tuesday after rising above $2,000 an ounce in the last session, as investors turned their attention from the banking crisis to the U.S. Federal Reserve's interest rate decision.
As the old saw goes, a banker is someone who lends you his umbrella when the sun is shining and then wants it back as soon as the first drops of rain fall.
Mar 21, 2023 - 05:45:58 PDT
The Fed's two-day policy meeting kicks off Tuesday with the central bank perhaps facing the most uncertain landscape in recent memory as rising interest rates stand in tension with a banking crisis that threatens economic growth.
Fears of a global banking crisis are continuing to swirl, with investors keeping a close eye on a dashboard of indicators that show how stress is rippling through markets and the banking system.
Mar 21, 2023 - 05:43:28 PDT
Treasury Secretary Janet Yellen will say on Tuesday that the US government could repeat the drastic actions it took recently to protect bank depositors if smaller lenders are threatened.
Anxiety Strikes $8 Trillion Mortgage-Debt Market After SVB Collapse: WSJMar 21, 2023 - 05:42:44 PDT
Investors fear other banks will sell mortgage-backed securities, pushing down prices.
The 11 Days of Turmoil That Brought Down Four Banks And Left a Fifth Teetering: BloombergMar 21, 2023 - 05:41:50 PDT
The speed with which four banks collapsed — and one continues to struggle — has left investors reeling. While the failures came in the span of just 11 days, the scenarios that brought them down were each unique.
Americans To Bear Burden Of Monetary System's Gradual Deterioration, Economist SaysMar 21, 2023 - 05:37:10 PDT
Ordinary Americans can expect their wealth to get repeatedly chipped away as the monetary system degrades and requires progressively more intervention by authorities to perpetuate itself, according to an influential author and economist. It may take “a very long time,” however, for the system to actually break, he told The Epoch Times.
"US officials are studying ways they might temporarily expand Federal Deposit Insurance Corp. coverage to all deposits, a move sought by a coalition of banks arguing that it’s needed to head off a potential financial crisis." Guess our March 12 tweet was ahead of its time yet again.
Days before a hastily convened press conference late on Sunday that would make the world's front pages, Switzerland's political elite were secretly preparing a move that would jolt the globe.
A stagnating zombie economy never recovers.
Well, based upon history and the analysis legacy left to us by Ralph Nelson Elliott, I think it is a strong probability that we will see a long-term bear market in the United States.
The failure of Silicon Valley Bank (SVB) on March 10 was the second largest bank failure in US history. Just two days following SVB’s collapse,...
The national news cycle has careened from one extraordinary and alarming story to the next. The brewing crisis in banks remains front and center.
"Nowhere To Hide In CMBS": CRE Nuke Goes Off With Small Banks Accounting For 70% Of Commercial Real Estate LoansMar 21, 2023 - 05:24:24 PDT
Recently we warned that the office commercial real estate implosion is rapidly transforming into the Big Short 3.0 (see "Why Small Banks Are In Big Trouble: As Hedge Funds Pile Into The New "Big Short", The Next 'Credit Event' Emerges") one which would also have a devastating impact on small banks due to their outsized exposure to the sector (Goldman recently calculated that up...