Gold has all the potential to go unprecedentedly high. But silver will be gold on
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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.
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.
BofA's hawkish stance comes after it recently added expectation for another quarter basis-point hike in June following similar moves in March and May, for a peak rate expectation of 5.25%-5.5%. The brokerage expects the U.S. economy to tip into recession by the third quarter of 2023.
"The benchmarks move as I get older," one man told CBS News. Now, his goal is to retire at 70 and then "look for something part-time afterward."
Japanese government bond yields fell on Tuesday on relief that incoming Bank of Japan leadership signalled no imminent changes in policy, while pent-up demand for longer tenors helped sentiment. Japan's benchmark 30-year yield fell 5 basis points to 1.380% as of 0520 GMT, after earlier touching 1.375% for the first time since Oct. 7. The 40-year JGB yield fell...
Equities are overvalued and at risk of further losses as a divergence with bonds is yet to close, say JPMorgan Chase & Co. strategists.
The US Treasury Department is on the cusp of once again having to slash the amount of Treasury bills floating around, potentially creating ripples in funding markets as investors chase a dwindling supply of securities or hunt for other places to stick short-term cash.
In just one month, emerging Asian assets have gone from a buy to sell. And all signs point to continued caution as March draws near.
Investor sentiment toward stocks is becoming more pessimistic as they build short bets in both US and European equity futures, according to Citigroup Inc. strategists.
Banks are becoming the leading buyers of some euro zone governments' bond sales, taking advantage of surging interest rates as the European Central Bank looks to reduce its presence in the market. Euro zone governments need private buyers to pick up some 400 billion euros ($422 billion) of additional debt this year. Funding needs remain high due to the energy shock that...
The European Central Bank must push on with monetary-policy tightening while price pressures endure, according to Governing Council member Boris Vujcic.
When China’s leaders gather in Beijing for the annual parliament next week, one of the biggest economic risks they’ll need to tackle is the mounting debt of provinces.