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The US government is rapidly approaching the financial endgame and has no choice left but to "reset" the system.
Mar 3, 2023 - 11:52:28 PST
But despite how bad the financial crisis of 2008/2009 was, the growth of Fed assets on it balance sheet (orange oval) paled in comparison to The Fed’s overreaction to the Covid outbreak of 2020. And the government shutdowns and mask mandates.
Mar 3, 2023 - 11:49:15 PST
The U.S. Department of the Treasury has released comments from Undersecretary for Domestic Finance Nellie Liang on the “Next Steps to the Future of Money and Payments,” addressing CBDCs and the approach the American government is taking to their potential implementation.
US Army Secretary Christine Wormuth said this week that the US must prepare to win a future war with China over Taiwan by beefing up its military deployments in the region. “I personally am not of the view that an amphibious invasion of Taiwan is imminent,” Wormuth said at an American Enterprise Institute event, according …
Mar 3, 2023 - 11:43:23 PST
In addition to the current 65% who want the U.S. to take a substantial role in world affairs, 27% prefer a minor role and 7% want it to have no role at all. This is only the second time, along with 2011, when more than 30% wanted the U.S. to take a limited role, if any, in trying to solve international problems.
Mar 3, 2023 - 08:11:50 PST
Economist Nouriel Roubini paints a bleak future for a world facing ‘megathreats’ – including global economic meltdowns. ‘Dr Doom’: World headed for dark times in the next 20 years
This article was written by Brandon Smith and originally published at Birch Gold Group. This past month a poll held by ABC and the Washington Post with a 37 year history asked Americans if they were better or worse off in the two years since Biden entered the White House. If you were to ask Biden this question, you would be regaled with a flurry of great news about a fantastic economic recovery...
This article is about why interest rates and bond yields are rising and why they will continue to rise, threatening to undermine the entire western banking system. Rising bond yields are deferring the prospect of a central bank pivot away from fighting inflation to tackling a widely expected recession. Anyway, these expectations wrongly assume that price inflation will fall in a recession...
Federal Reserve rate hikes meant to quell inflation may ultimately have the opposite effect. Inflation occurs when the currency supply expands too rapidly as confidence...
Fed’s Balance Sheet Drops by $626 Billion from Peak, Cumulative Operating Loss Grows to $38 billion: Update on QTMar 3, 2023 - 07:51:36 PST
Quantitative Tightening is starting to add up.
Productivity and Costs Revised...
Home Price Synopsis...
Mar 3, 2023 - 07:42:33 PST
Yesterday’s inflation report (in the form on skyrocketing labor costs) helped lead Bankrate’s 30-year mortgage rate to over 7% … again. Here is yesterday’s horrible unit lab…
US Services PMI Signals Inflation Re-Accelerating In Feb, Return To ExpansionMar 3, 2023 - 07:40:02 PST
With both manufacturing sector surveys still in contraction (and signaling a staglfationary drop in production while prices paid rebound), expectations were for both Services sector surveys to signal growth in February.
Gold prices climbed to their highest in more than two weeks on Friday and were on track for their biggest weekly rise since mid-January, supported by a softer dollar as investors gauged the U.S. central bank's policy path.
Physical gold prices traded at a premium in India this week, as a drop in domestic rates encouraging buying, while top consumer China saw healthy demand and fresh imports in the region.
There’s never a shortage of dealmaking gossip at Toronto’s annual mining show, though past gatherings have brought more speculation than actual transactions. This year feels different.
An avalanche of hot inflation data over the past month has lifted US borrowing costs to the highest point in a decade and a half, intensifying debate over how much further interest rates must rise to rein in soaring consumer prices.
China’s Central Bank Signals Supportive Tone for Struggling Property Sector: FTMar 3, 2023 - 05:48:21 PST
Gongsheng, vice-governor of the People’s Bank of China, said the central bank would “learn from experience”, a reference to the market liquidity crisis triggered by the default of property developer Evergrande in late 2021 and the government’s introduction of tighter debt limits. “
Core consumer inflation in Japan's capital Tokyo slowed in February as the effect of government energy subsidies kicked in, though an index stripping away the effect of fuel hit a fresh three-decade high in a sign of broadening inflationary pressure.