Gold has all the potential to go unprecedentedly high. But silver will be gold on
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For the US government in the 21st century, economic sanctions aren’t merely second nature, they’ve become a central tool of foreign policy.
What is the ground in this analysis? It’s gold. Since gold is not a central bank currency, it’s the only way to measure the dollar objectively.
Gold prices have shot to six-week highs and many analysts expect further gains as turmoil in the banking sector raises the prospect that U.S. interest rates will rise far less than previously thought.
The yellow metal is expected to hold its value through the turbulent times ahead, enabling central banks to diversify from U.S. Treasuries and the dollar.
Mar 16, 2023 - 06:02:27 PDT
Don’t cry for Argentina! Their leaders did this to them. Argetina’s inflation rate just hit 102.5% as their M2 Money printing hit 80% Argentina’s central bank is considering raising its benchmark rate on Thursday for the first time since September after inflation data showed prices increased by more than 100% annually last month...
nitial and continuing jobless claims continue to exist in the 'matrix' of a 'strong economy' as both fell last week (192k vs 212k and 1.684mm vs 1.713mm)....
After an unexpected decline in January, Housing Starts and Building Permits were expected to rebound modestly in February, but they didn't - they exploded back with Starts up 9.8% MoM and Permits up 13.8% MoM...
The collapse of SVB and the turmoil at Credit Suisse will turbo-charge the effects of QT, sealing the case for a US recession that remains underpriced by equity and credit markets.
A bank run conjures images of “It’s a Wonderful Life,” with anxious customers crammed shoulder to shoulder, desperately pleading with a harried George Bailey to hand over their money.
A bipartisan majority of Americans oppose U.S. taxpayers footing the bill when bad management causes a bank to fail, though Republican opposition to bank bailouts has softened over the last decade, a Reuters/Ipsos poll completed on Wednesday found.
German Chancellor Olaf Scholz said the European Union needs to tighten integration of its banking and finance sectors to bolster a transition to green technologies.
The Treasury Department is actively reviewing the US financial sector’s exposure to Credit Suisse Group AG after the bank’s stock saw its biggest one-day drop on record, according to people familiar with the matter.
First Republic Bank Stock Extends Steep Losses Amid Reports It’s Considering a Possible Sale: MWMar 16, 2023 - 05:36:13 PDT
First Republic stock is down another 26% on reports the lender is exploring a sale, after being hit by fears of further deposit flight.
The Federal Reserve’s cornerstone method for determining whether US banks can survive an economic crisis has for years had a glaring oversight: Regulators haven’t tested a scenario that resembles the economy of 2023, and the financial conditions that precipitated the downfall of Silicon Valley Bank, in nearly a decade.
Wild Swings Rock US Bond Market After Bank Meltdowns, Crisis at Credit SuisseMar 16, 2023 - 05:34:13 PDT
Pockets of the world’s deepest bond market are starting to buckle under soaring trading volumes and wild swings as bank meltdowns compel traders to slash rate hike bets.
The biggest US banks have been whittling down their direct exposure to Credit Suisse Group AG for months as the Swiss lender stumbled from one crisis to the next.
The cost of insuring the bonds of Credit Suisse Group AG against default dropped, though they remained in distressed territory, after the lender said it would tap Switzerland’s central bank for fresh liquidity.
The Federal Reserve’s emergency loan program may inject as much as $2 trillion of funds into the US banking system and ease the liquidity crunch, according to JPMorgan Chase & Co.
The yen is making a push to regain its crown as the go-to haven as a banking crisis dents the appeal of its US and European peers.
The European Central Bank’s plan to raise interest rates by another half-point on Thursday has been thrown into question by banking turmoil that began in the US but has since landed with a jolt much closer to home.