Gold has all the potential to go unprecedentedly high. But silver will be gold on
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The number of Americans who live in multigenerational family households is about four times larger than it was in the 1970s, while the number in other types of homes grew by far less. The share of the U.S. population living in multigenerational homes more than doubled over the past five decades.
ALL IN: The Federal Strategic Plan to Prevent and End Homelessness...
The Fed holds interest rates to be its primary control valve, with lower ones providing a stimulus to the GDP and higher ones a brake. Self-evidently, therefore, interest rates below the inflation level are a stimulus because they amount to economic subsidization of debt, and the spending or investment which results.
FOMC Minutes Suggest Fed Fears Financial Conditions Decoupling, Warns Of Equity ValuationsFeb 22, 2023 - 11:20:21 PST
Since the last FOMC meeting (on Feb 1st) when Chair Powell dismissed any fears about loosening financial conditions, prompting a panic-bid in stocks, financial conditions have done nothing but tighten as the FedSpeak along with 'good' economic news has nuked the 'Fed pivot' narrative...
A dispute over oil has shown how countries are willing to push back against the US...
Feb 22, 2023 - 08:35:43 PST
Russia sold 1.66 million barrels a day of crude and fuel oil to China last month, Kpler found, its highest volume since invading Ukraine last year.
China Says Ready To "Join Forces With Russia" To "Defend National Interests" As Putin Confirms Xi VisitFeb 22, 2023 - 08:17:01 PST
Despite all latest among Washington's repeat warnings to Beijing against strategic or military cooperation with Moscow, China is now pledging to "join forces" with "like-minded" partner Russia to defend national interests. The statement came by the close of the first day of the director of the Office of the Foreign Affairs Commission of the Communist Party of China’s Central Committee Wang Yi's trip to Moscow.
The New York Times quite dramatically frames the meeting as follows at the opening of its reporting: "If Russian President Vladimir V. Putin were to order tanks into other European countries, the nine nations along NATO’s eastern flank would be the likeliest targets."
‘Although many economists and investors have been encouraged by slower headline inflation, the reality is that inflationary pressures are still rising.’
By owning gold, investors are not necessarily hedging against a government default but ironically betting the Fed will increasingly misuse monetary policy to help the government avoid defaulting. That may not be the exact thesis gold investors signed up for, but there is ample evidence linking gold prices to Fed behaviors, as we will share.
The bottom line is speculators’ gold-futures trading that dominates gold price action has been stealthed in recent weeks. A major futures clearing firm suffered a ransomware cyberattack, taking down automated data systems. That missing is increasingly distorting gold prices.
Gold prices rose marginally on Wednesday, as investors awaited minutes of the U.S. Federal Reserve's latest policy meeting to assess prospects of further interest rate hikes.
The chairman of the Board of Directors of the second largest Swiss bank is under investigation by the Swiss authorities.
Bernie Sanders and Elizabeth Warren’s Bold Tax Hike to Shore up Social Security: MWFeb 22, 2023 - 06:04:08 PST
We are entering into what could be a prolonged battle over the future of Social Security and Medicare.
Quantitative easing has developed a certain resemblance to the Eagles’ “Hotel California” — you can check out any time you like, but you can never leave. We should pay more attention to quantitative tightening, suggest former Reserve Bank of India governor Raghuram Rajan and others in a recent paper. Commercial banks change their behaviour when there are plentiful reserves, making QT far more volatile and difficult to pull off than expected.
In the grip of the worst day for stocks in two months, traders in the hyper-liquid world of ETFs ditched equities and corporate bonds and headed for the safety of government debt as yields broke out anew.
‘Goldilocks’ Is Dead, Warns Morgan Stanley. The Risk of an Economic ‘Hard Landing’ Is GrowingFeb 22, 2023 - 05:51:51 PST
“With consumption and inflation reheating, risks of a hard landing resembling a boom/bust are growing,” Lisa Shalett, Morgan Stanley Wealth Management’s CIO, warns.
Investors are betting the European Central Bank will raise interest rates to all-time highs, spurred on by the eurozone economy’s resilience and signs that inflation could prove tougher to rein in than expected.
Bank of Japan (BOJ) board member Naoki Tamura on Wednesday warned of the risk of an overshoot in inflation and said the timing of an end to ultra-loose monetary policy will depend on economic, price and wage developments ahead. He also said the central bank will weigh the pros and cons of its current policy framework, in deciding whether to take additional steps...
Federal Reserve officials could shed light on how many policymakers saw the case for a larger interest-rate increase at their last meeting and whether they anticipated the need to take rates higher than previously thought to tame persistently high inflation.