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Basically, the firm indicates that its decision to sell bitcoins was due more to tax reasons rather than a loss of confidence in bitcoin.
The era of ultra-low interest rates and quantitative easing died in 2022, with the arrival of high inflation. The proximate cause of this upheaval is the unexpected surge in inflation. All important central banks, with the notable exception of the Bank of Japan, have rapidly tightened monetary policy over the past 12 months: the Federal Reserve has raised the...
The fallout from higher prices transformed the landscape for older Americans and those saving for their golden years.
More tech tantrums. China’s Covid surge. And above all, no central banks riding to the rescue if things go wrong. Reeling from a record $18 trillion wipeout, global stocks must surmount all these hurdles and more if they are to escape a second straight year in the red.
A recession, stagflation, “a variant of another Great Depression”: The forecasts for the U.S. economy this year haven’t exactly been rosy—and Elon Musk has been a leading voice sounding the alarm.
Just over half of the 50 U.S. states are exhibiting signs of slowing economic activity, breaching a key threshold that often signals a recession is in the offing, new research from the St. Louis Federal Reserve Bank report said. That report, released Wednesday, followed another report from the San Francisco Fed from earlier in the week that also delved into...
World stocks were steady and U.S. stock index futures indicated a lower open on Wall Street on the last trading day of 2022, but equities are on course for a 20% drop over a year marred by high inflation and war in Europe. The dollar, a beneficiary of rising U.S. interest rates, was on track for its best annual performance in seven years. The Federal...
The Fed has Missed the Balance Sheet Mortgage Back Security Reduction Target Reduction Every Single MonthDecember 30, 2022
The Fed has a targeted balance sheet reduction of $95B a month. After reaching and exceeding this target last month, the Fed is back to undershooting.This should not come as a surprise given the turmoil in the bond market this year and the lack of liquidity.
This analysis typically starts with gold, but the activity in platinum is a major event that should not be overlooked.See the article What is the Comex? for a bit of backstory.
The Federal Reserve is trying to win a war against price inflation without tipping the economy into a recession. In this episode of the Friday Gold Wrap, host Mike Maharrey highlights two more reasons this is a game the Fed can't win. He also does a quick overview of the gold market in 2022 as we head toward the end of the year.
Central banks are scooping up gold at the fastest pace since 1967, with analysts pinning China and Russia as big buyers in an indication that some nations are keen to diversify their reserves away from the dollar. Data compiled the World Gold Council, an industry-funded group, has shown demand for the precious metal has outstripped any annual...
This was written on December 26th for GoldFix subscribers and was unlocked today because it may be too important to keep under wraps given Pozsar’s newest release. Last night we read ZeroHedge's 5800 word analysis and explanation of Pozsar's Dec 27th missive on rehypothecation.
2022 was a rather destructive year. How will 2023 turnout? Has gold formed its 8 year cycle lows? Odds are that yes...
It’s been a decent year for big league assets like the Dow, the dollar, and for the greatest asset of all, which of course is gold.
Russia will redirect its metal exports from Western countries to alternative markets due to sanctions imposed by the EU and US, Trade Minister Denis Manturov said on Monday.
Commentary There’s a prevalent misconception in America that hunger and homelessness are primarily third-world problems.
The chart, published by the Fed, shows that absolute M2 has been declining on a month-by-month basis for the first time in many decades, probably since the 1930s or 1940s. This trend is deflationary.
Average Egg Prices Jumped 49.1% In November Compared With Those a Year EarlierDec 29, 2022 - 12:18:58 PST
By comparison, the overarching "food at home" category was up 12%. The increase is even more acute when measured by the cost of a dozen large, Grade A eggs, which more than doubled to $3.59 in November from $1.72 the year-earlier month, according to data from the Federal Reserve Bank of St. Louis.
Miami is the least affordable housing market in the U.S.—see which other cities made the list...
Dec 29, 2022 - 12:05:34 PST
We all know that US housing weakened in 2022 with Bidenflation and The Fed’s counterattack. But what about equity real estate investment trusts (REITs) and commercial real estate (NCREIF)? Th…