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US on Red Alert as China and Russia Vow to Unite for Huge War Game in South AfricaJan 26, 2023 - 08:25:29 PST
The US is "concerned" as South Africa announces it will welcome Russian and Chinese naval forces for a joint exercise next month. CBS reports that it is the timing of the drills that is worrying those in Washington – they will take place during the one-year anniversary of Russia's invasion into Ukraine.
Responding to President Biden’s pledge to send 31 M1 Abrams to Ukraine, Kremlin spokesman Dmitry Peskov said the US-made tanks will “burn.” “I am certain that many experts understand the absurdity of this idea. The plan is disastrous in terms of technology,” Peskov said. “But above all, it overestimates the potential it will add to …
Jan 26, 2023 - 08:15:37 PST
Lockheed Martin has said that it’s ready to meet demands for F-16 fighter jets if the US and its allies choose to ship them to Ukraine. So far, the US and its allies have been hesitant to send fighter jets to Ukraine due to concerns that they could be used to target Russian territory.
When the Fed bailed out the banks in 2008, flooding the system with trillions, you just knew high inflation would be the result.
Jan 26, 2023 - 08:06:20 PST
The decline of a currency’s world reserve status is often a long process rife with denials. There are numerous economic “experts” out there that have been dismissing any and all warnings of dollar collapse for years. They just don’t get it, or they don’t want to get it. The idea that the US currency could ever be dethroned as the defacto global trade mechanism is impossible...
Despite haphazard state measures such as injecting dollars into the currency market and selling gold on the stock market, inflation is soaring and the rial maintains a downward trend.
Jan 26, 2023 - 07:46:16 PST
BRICS is exploring ideas to create a fairer payment system that reduces dependence on dollars, South African Foreign Minister Naledi Pandor has said. South Africa is the current BRICS chair.
If we don't bother measuring national well-being, the health of the nation's commons and resources and advances in the public's interests, then we foolishly call a decade of tremendous advancement "stagflation."
I think we need to talk about the mechanics of what has happened and what will determine where we are probably headed. Doing that before we express our views about what’s happening and what is likely to happen is essential. It’s nonsensical to talk about what is happening and what is likely to happen without first agreeing on how the mechanics work.
Jan 26, 2023 - 07:26:31 PST
Its just like The Federal Reserve to be cutting US money growth as US jobs cuts accelerate. The latest US money growth numbers are out and they are daunting. M2 Money growth YoY is now negative at …
The financial markets have long anticipated a US recession. The US yield curve is clearly inverted, which indicates that long-term interest rates are lower than short-term ones. That often indicates that a recession is on the horizon sooner or later.
Every time we look at the price of gold, we take one step closer to realizing our prediction of the $3000-$3500 price target by 2024 and not ruling out a trip to $5000 by 2025.
Gold purchases by everyone from central banks to institutions and ordinary investors have lifted the precious metal in 12 of the past 16 sessions, according to Dow Jones Market Data. The most-actively traded futures contract has risen about 20% from its September low.
US Core Durable Goods Order Growth Weakest In 2 Years, Aircraft Orders SurgeJan 26, 2023 - 05:59:17 PST
Following November's unexpected collapse, analysts expected a big rebound in US durable goods orders in preliminary December data (despite Manufacturing survey data dismally deep in contraction). They were right but the scale of the rebound was almost unprecedented as Durable Goods New Orders roared 5.6% MoM (more than double the +2.5% expected)
Following last week's unexpected plunge in initial and continuing claims - despite numerous layoff announcements - analysts expected a small rebound this week but they were wrong as the number of American filing for unemployment benefits for the first time tumbled to 186k (205k exp). Unadjusted claims crashed back to earth...
Strong U.S. Economic Growth Expected in Fourth Quarter, Outlook DarkeningJan 26, 2023 - 05:57:39 PST
The U.S. economy likely maintained a strong pace of growth in the fourth quarter as consumers boosted spending on goods, but momentum appears to have slowed considerably towards the end of the year, with higher interest rates eroding demand.
We all know that inflation has been well above the Federal Reserve’s target rate of 2% for nearly two years now. It peaked at over 9% last June and has remained stubbornly high since then.
U.S. Inflation Roller Coaster Prompts Fresh Look at Long-Ignored Money SupplyJan 26, 2023 - 05:49:42 PST
The amount of money sloshing around the U.S. economy shrank last year for the first time on record, a development that some economists believe bolsters the case for U.S. inflation pressures continuing to abate.
The European Central Bank Says It’ll ‘Stay the Course’ on Rate Hikes. But Not Clear for How LongJan 26, 2023 - 05:45:53 PST
European Central Bank President Christine Lagarde has repeatedly used the phrase "staying the course" when referring to upcoming rate decisions, but some market watchers doubt the bank will keep its hawkish stance for much longer.
The IMF has warned that an abrupt change in Japan’s ultra-loose monetary regime would have “meaningful spillover” effects on global financial markets, underscoring the need for the Bank of Japan to clearly communicate about its future policy.