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Feb 27, 2023 - 05:41:49 PST
The record-breaking global bond market rally since the start of this year has fizzled out as mounting signs of persistent inflation force investors to reverse their views on the likely future path of interest rate rises.
Beijing has sought to cast itself as an advocate for peace in Ukraine, but has shown little willingness to distance itself from Moscow’s positions.
Joe Biden must think that he’s the world’s Rich Uncle. In a meeting with the so-called Bucharest Nine today he promised these former Warsaw Pact nations – which should never have been admitted to NATO in the first place – unlimited economic and military support.
The prospect of China arming Russia has alarmed the Biden administration, which believes Beijing has the ability to transform the war’s trajectory.
Disagreements hobbled prospects for progress on crucial debt restructuring talks held on the sidelines of the G-20 finance chiefs meeting, highlighting the risks to poorer nations that are under severe financial stress.
Central banks globally must remain vigilant until inflation is firmly under control, according to International Monetary Fund Managing Director Kristalina Georgieva.
The overall burden is up 27% since before the pandemic, more than for any other age group.
Global shares rose on Monday, but skimmed six-week lows, after another round of data last week forced investors to prepare for higher interest rates in the United States and Europe and there could be more figures to underpin that argument this week.
Peter Schiff: History Shows It's Impossible to Put the Inflation Genie Back in the BottleFebruary 27, 2023
The markets basically shrugged off the hotter-than-expected inflation data for January. Most people remain convinced that the Fed can easily get price inflation back to 2% without wrecking the economy. But in his podcast, Peter explains that stuffing that inflation genie back into the bottle is a lot harder than most people seem to think.
METALS & ENERGY UPDATE FEB 26th: North East Grid Heading For Trouble While Energy Prices Continue To Surge In The West...February 26, 2023
There is a troubling trend taking place in the North East Electric Grid Americans should be concerned about, but the West Coast is currently facing Big Problems as energy prices continue to surge higher. Also, with the recent selloff in the precious metals, what's next...
Juan Carlos Artigas of the WGC discusses why and how gold remains a relevant asset during economic recessions.
Feb 24, 2023 - 12:55:32 PST
As the Russia/Ukraine conflict continues to intensify, the risk of deglobalization only grows. Amid escalating tactics from both sides..
Gold has not broken out yet because of the Federal Reserve's delayed but aggressive rate hikes, the large increase in real interest rates, and, most recently, the economy avoiding recession. However...
The darkness created by the delay in publishing COT reports can be lifted the moment the Commission lights a candle and publishes the most current data.
There are more red flags and crucial issues that are being overlooked by the Fed, such as the credit quality of the mortgage portfolios and borrowers’ profiles, shares of non-core assets, and off-balance sheet items.
Government handouts have kept the economy going, at the expense of a rise in inflation.
After one year, whatever morale boost Biden’s visit provided won’t necessarily have concrete, strategic effects in Ukraine.
Feb 24, 2023 - 11:59:11 PST
Treasury Secretary Janet Yellen said Thursday that the US will send about $10 billion in additional economic assistance to Ukraine in the coming months. Since Russia invaded Ukraine last year, the US has given Kyiv at least $13 billion in budgetary aid, economic assistance that goes directly to the Ukrainian government to fund government services, …
Wall Street's main indexes tumbled on Friday, on course for their biggest weekly drop of 2023, as further strong consumer data had investors bracing for more aggressive rate hikes from the Federal Reserve to fight sticky inflation.
As mortgage rates inch closer to 7%, hundreds of thousands of inflation-weary homebuyers across the U.S. are backing out of deals.