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House Republicans Accuse Biden White House Of Creating 'Authoritarian-Style' Digital DollarMar 2, 2023 - 05:29:02 PST
President Joe Biden and his administration are attempting to develop an “authoritarian-style” and “surveillance-style” digital U.S. dollar through executive orders, warned House Majority Whip Tom Emmer (R-Minn.) on Tuesday.
US Explores Central Bank Digital Currency to Preserve Dollar’s Reserve StatusMar 2, 2023 - 05:27:29 PST
"We are thinking about whether a U.S. CBDC, to the extent it has functionality that traditional forms of central bank money lack, could help to preserve the dollar's global role," Liang said in a speech at the Atlantic Council on Wednesday. "We are also thinking about whether a U.S. CBDC could help reduce undesirable frictions in cross-border payments or other activities."
The calm investing era is over. Expect volatility.
Following disappointingly hotter than expected prints from Germany, France, and Spain; overall EU inflation slowed by less than expected in February (+8.5% YoY vs +8.3% exp vs +8.6% prior), while the euro-area's core CPI surged to a new record high (+5.6% vs +5.3% exp vs +5.3% prior).
Enthusiasm about China’s economic rebound fades in the absence of further evidence, adding to cautious sentiment.
Mar 1, 2023 - 12:49:10 PST
We are seeing increasing investments on silver's side, it continues to grow year after year... The fundamentals are just stronger for silver," Smallwood asserts. "We saw the U.S. dollar weaponized so a lot of central banks around the world made a big swap toward the gold space," he continues...
As price pressures rattle global markets, the above infographic maps inflation rates globally using data from Trading Economics, focusing in on the countries with the lowest inflation levels.
"The negotiations around raising the debt ceiling should be that opportunity to provide fiscal sanity. If not, we will have more costly consequences that Americans can’t afford." ~ Vance Ginn
Food Banks Prepare for Emergency Benefits to Go Away as Americans Struggle to Make Ends MeetMar 1, 2023 - 12:12:05 PST
As the COVID-era Supplemental Nutrition Assistance Program (SNAP) benefits are set to expire this month, some food banks are warning that the majority of their clients – who are working-class families – "are struggling to make ends meet."
Treasury 10-year yields topped 4% for the first time since November, signaling that the Federal Reserve’s warnings of higher-for-longer rates are finally sinking in.
Federal Reserve officials said interest rates will need to increase further and stay elevated into next year to curb US inflation that’s showing few signs of abating despite the central bank’s most aggressive monetary tightening in a generation.
With at least $92 billion of office mortgages maturing this year, landlords are under increasing pressure.
In telling their stories about how the future is bright for stocks, bulls point to solid earnings to justify the optimism. But cracks are forming in that narrative — in the trajectory of profits, and just as worryingly in the makeup of the profits themselves.
David Einhorn Says Investors Should Be ‘Bearish on Stocks and Bullish on Inflation'Mar 1, 2023 - 11:53:03 PST
Greenlight Capital's David Einhorn said Wednesday he's keeping his negative stance on the stock market as inflation and interest rates could shoot higher.
In early January we noted that while the average investor continues to pour money into the equity markets like there’s no tomorrow (aka, a reckoning for the everything bubble), corporate insiders are notably doing just the opposite.
Mar 1, 2023 - 11:45:01 PST
The Federal Reserve is dazed and confused about inflation. As The Federal Reserve reaffirms their draining of the monetary punch bowl, we are seeing investors flock towards the bond market. Particu…
Mike Maloney was recently asked for his opinion on Central Bank Digital Currencies by Daniela Cambone of Stansberry Media. See what Mike has to say, and how gold and silver could provide some much-needed honesty in today's video.
60% Of Americans Live Paycheck to Paycheck, ‘Inflation Is Part of Their Everyday Lives,’ Expert SaysMar 1, 2023 - 08:39:48 PST
As of January, 60% of all U.S. adults, including 45% of high-income earners, were living paycheck to paycheck, according to a new LendingClub report. That's down from 64% a year earlier, suggesting that last year's spending cutbacks have improved some consumers' financial situations.
The state of Oregon is weighing a bill to give homeless and low-income people $1,000 a month in universal basic income.
How Much Longer Before The "Most Aggressive Hiking Cycle In History" Triggers The RecessionMar 1, 2023 - 08:02:58 PST
Everyone knows that monetary policy acts with a lag, but the $64 trillion question - and in the case of global capital markets, literally - is how big said lag is at a time when central banks have engaged in one of the most aggressive hiking cycles in history to stem the runaway inflation spawned by the Helicopter Money unleashed during the covid shock, and not just by the Fed, which in 2022 saw the most rate hikes in a calendar year in history...