Gold has all the potential to go unprecedentedly high. But silver will be gold on
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There is not going to be any increase in productivity from this. It's just more money in people's pockets supporting consumption. Regarding wages, either corporate profits sink, or prices go up. And wage increases will be sticky even if the Fed manages to tame housing inflation.
U.S. payment giants Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms after a string of high-profile collapses shook faith in the industry, people familiar with the matter told Reuters.
I used to write that the US is fast becoming Venezuela or Argentina. But its now official — the US has greater default risk than Peru!
ESG, an acronym for Environmental, Social, and Governance, is everywhere. If you work for, advise, invest in, regulate, study, or otherwise care about one or more corporations, you’ve likely encountered the term. Consultancies, banks, investment funds, managers, governments, and international organizations trip over themselves touting their ESG scores and credentials.
In the worst political showdown over the US debt limit to date, a little-known former Treasury official in 2011 helped convince lawmakers that raising the ceiling was the only option. He’s back at it now, but from a much higher perch: chair of the Federal Reserve.
"Feckless Leadership... Is Killing Us" - 'Soft Data' Survey Data Continues To DisappointFeb 28, 2023 - 08:24:38 PST
After Philly's Fed business outlook survey collapsed, the string of regional 'soft data' has continued to weaken.
Fighter jets were deployed near St. Petersburg and an oil depot was set ablaze as authorities reported drones striking multiple regions.
China Is Rolling Out the Red Carpet for a Key Putin Ally as US Warns Against Aiding Russia’s WarFeb 28, 2023 - 08:08:38 PST
China is preparing to welcome a key autocratic ally of Russian President Vladimir Putin for a state visit, amid warnings from United States officials that Beijing may be considering aiding Moscow in its ongoing assault on Ukraine.
Feb 28, 2023 - 08:04:25 PST
Former Russian President Dmitry Medvedev warned in an op-ed published on Sunday that the Western policy of pouring weapons into Ukraine could lead to “apocalypse.” “One could continue to pump weapons into the neo-fascist Kiev regime and block any opportunity to revive negotiations,” Medvedev wrote in the Russian newspaper Izvestiya. “Our enemies are doing just...
Feb 28, 2023 - 07:59:49 PST
Treasury Secretary Janet Yellen visited Ukraine on Monday to discuss an additional $10 billion in new budgetary aid for the country, assistance that goes directly to the government to pay for things like government services and pensions. While in Kyiv, Yellen announced that Ukraine would be receiving $1.2 billion as the first tranche of the …
Feb 28, 2023 - 07:58:21 PST
Authorities in 35 countries instituted internet shutdowns at least 187 times in 2022, according to rights group Access Now, with India doing so the most.
Feb 28, 2023 - 07:57:03 PST
Sens. Angus King, I-Maine and Bill Cassidy, R-La. have been trying to break a partisan logjam on entitlements. Here's what their group is discussing so far.
Least Geeky Explanation Ever of Differences Between CPI and PCE Price Index which the Fed Uses as YardstickFeb 28, 2023 - 07:17:19 PST
OK, “least geeky ever,” I mean I don’t know that, but you get the idea. Fed governor Jefferson outlines the differences in a lecture at Harvard.
Feb 28, 2023 - 07:13:46 PST
Janet Yellen and The Federal Reserve held rates too low for too long and now we are paying for it. Now, after a massive run-up in home prices, The Fed is raising rates helping make US housing the most unaffordable in history (or at least since the early 1980s).
Feb 28, 2023 - 07:12:33 PST
The December CoreLogic Case-Shiller home price indices are out … for December 2022. And it shows that the CS National home price index growth continues to slow as The Fed tightens its monetary noose. December’s YoY growth was 5.76%.
That's not what Mr.Powell wants to see.
Even the President’s campaign promises to not raise taxes on families making under $400,000 have already gone out the window. Now they want people making just $600 from online platforms like Etsy and eBay to be reported to the IRS.
The Best Speech About Money You'll Ever Hear: An Evil System vs Honest MoneyFeb 28, 2023 - 05:55:08 PST
Learning about the monetary system is one of the most important things that anyone can do with their time. As Mike Maloney explains in today's video, the entire system operates to transfer wealth in the shadows...slowly and silently, but on a staggeringly massive scale.
Gold prices eased on Tuesday and were headed for their biggest monthly loss since June 2021 due to impending interest rate hikes by the Fed.
Russia’s economy, restricted from Western financial networks and the U.S. dollar, has embraced a burgeoning alternative: the Chinese yuan. Energy exporters are increasingly getting paid in yuan. Russia’s sovereign-wealth fund, a war chest to support government spending burdened by battlefield costs in Ukraine, is using the Chinese currency to store its oil riches.