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Bank of America Customers Report ‘Disappeared’ Money From Accounts After Zelle IssueJan 19, 2023 - 05:47:57 PST
After a flurry of complaints about missing funds on social media, Bank of America said "there was a delay in posting Zelle transactions" that has now been resolved.
The outflows were caused by worries the U.S. might sanction China over Russia’s Ukraine invasion, China’s zero-Covid policy, yuan weakening and rising U.S. bond yields.
Stocks and oil prices dipped on Thursday after weak U.S. consumer data rekindled global recession worries, while Japan's yen reared up again as traders took fresh punts that the Bank of Japan will soon be tightening policy.
Global funds will pressure the Bank of Japan until it capitulates and tightens policy, after the central bank disappointed bond bears by refusing to lift its ceiling on sovereign yields.
When Haruhiko Kuroda held what would be his last press conference as Bank of Japan governor on Wednesday, he claimed success for an institution that now has a monstrously expansive portfolio of government bonds, domestic stocks and unanswered questions.
Global bonds extended a rally Thursday as weaker-than-expected economic data from the US to Australia bolstered demand for the world’s safest assets.
A debt ceiling fight is looming in the United States yet again, giving investors another worry for markets this year. The United States will likely hit its mandated $31.4 trillion borrowing limit on Thursday, forcing the Treasury to launch extraordinary cash management measures that can likely prevent a debt default until early June. Some investors now worry the Republican party's...
One day after the S&P had its worst day since Dec 15, failing to hold the 200dma, US equity futures entered Thursday extending recent losses with a third straight session in the red as renewed recession fears and the start of the earnings season weighed on risk appetite,
We talk a lot about the Federal Reserve. Its policies have a significant impact on the economy and it moves markets week after week. For instance, over the last year or so, the Fed's "inflation fight" has created headwinds for gold and silver.But what exactly is the Federal Reserve?
COLLAPSE COMES AS A SHOCK BECAUSE THE WORLD IS CLUELESS: Famous Quote... "Did IQs Drop Sharply While I Was Away?"January 19, 2023
Are Energy & Resources now becoming "LESS SCARCE?" This was something posted by a highly respected member of the precious metals community. So, I thought I would provide my analysis of why the exact OPPOSITE is the case. It seems as if Collapse will come as more of a shock because the world seems to be quite clueless...
Dominic Frisby explains why the gold price could be set up for a major rally as sentiment towards the yellow metal shifts.
Jan 18, 2023 - 11:58:57 PST
The price of gold has climbed about 15% since early November as economic conditions begin to look more favorable for a metal that made modest price gains last year despite facing market factors traditionally considered headwinds.
Gold investors have been doing a lot of "soul-searching" for the last two and a half years. But gold as an asset will take an important place in portfolios in the next three years, according to Bank of America.
Gold prices rose to the highest level in more than eight months as investors continue to bet that the U.S. central bank would slow the pace of interest rate hikes after the latest consumer price index (CPI) print showed that inflation cooled to 6.5% in December.
Summary: Our weekly Commitment of Traders update highlights future positions and changes made by hedge funds and other speculators across commodities and forex during the week to Tuesday, January 10. A week that saw stong risk appetite in response to China reopening and as the dollar dropped and bond yields softened. Commodities meanwhile saw aggressive selling across the agriculture sector being partly offset by continued and strong demand for gold and copper.
How Can We Restore Freedom and Sound Money in the US and the UK? Some IdeasJan 18, 2023 - 11:45:29 PST
The purpose of this essay is not to convince the reader of the necessity for change.
In 2011, the Federal Reserve invented new accounting methods for itself so that it could never legally go bankrupt. As explained by Robert Murphy, the Federal Reserve redefined its losses so as to ensure its balance sheet never shows insolvency.
Ludwig von Mises's book The Theory of Money and Credit is a masterwork of monetary theory. Despite being written in the early twentieth century, its arguments and conclusions are still valid and interesting today.
Jan 18, 2023 - 11:00:42 PST
Stelter and his panelists did elucidate several pressing dangers with respect to rampant disinformation on social media; quite inadvertently, they also highlighted the inherent drawbacks of adopting a permanent war-footing approach to stopping disinformation. Indeed, several of the panelists spread inaccurate information during the course of their remarks.
Newly elected New York congressman George Santos has "apologized" after getting caught lying about where he went to high school...