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The 30-year fixed-rate mortgage averaged 6.42%, down from 6.27% last week, according to mortgage buyer Freddie Mac. A year ago, the 30-year FRM averaged 3.11%.
Dec 29, 2022 - 11:56:30 PST
Davos turns to the Metaverse as the next frontier for technocratic tyranny.
Dec 29, 2022 - 08:59:58 PST
Idaho will also consider investing a portion of state funds in physical gold. And Tennessee and Wyoming may do so as well.
Maintain a cash reserve so that you can weather the storm and perhaps even pick up bargains in the wreckage of a crisis. And keep a gold and silver reserve close at hand in case the crypto crisis turns into a complete breakdown of the monetary system as we know it. It’s possible.
As the Federal Reserve explores launching a digital dollar, some experts and activists question whether it could live up to its potential.
Dec 29, 2022 - 08:31:54 PST
Twenty companies have submitted applications to create a digital wallet for the Bank of England's CBDC project.
In 2023, the Turkish digital lira will move to advanced stages where the central bank will conduct pilot tests with broad participation, including banks and financial technology companies, the CBRT added.
Lists of predictions for the new year are reliably popular. Here's 10 predictions, there's 17 predictions, over here we have 23 and a half... let's strip it all down to one prediction: everyone's predictions will be wrong because 2023 isn't going to follow anyone's script.
ECB’s Balance Sheet Plunges by €492 billion in One Week and by €850 Billion from PeakDec 29, 2022 - 07:22:06 PST
Monetary Rug-Pull? December dump in the markets anything to do with global QT?
If you insist that increases in money supply constitute inflation, then you must also insist that we are in a period of deflation right now.
Zoltan's Year-End Masterpiece: Dusk For The Petrodollar, Dawn For The Petroyuan And The Existential Threat Of Commodity Rehy...Dec 29, 2022 - 06:01:36 PST
Earlier this month, former NY Fed repo guru Zoltan Pozsar wrote one of his most important reports of 2022, in which he described how Putin could unleash hell on the Western financial system by demanding that instead of dollars, Russian oil exporters are paid in gold, effectively pegging oil to gold and launching Petrogold. Such a move, Zoltan said, would lead to an immediate overnight banking crisis due to the synthetic gold short held by most western banks:..
Australia’s Sovereign Wealth Fund Buys Gold, Commodities as Shadow of 1970S LoomsDec 29, 2022 - 06:00:55 PST
Australia's A$200 billion ($134.28 billion) sovereign wealth fund is increasing exposure to gold, commodities, private equity and infrastructure as it warns the future will echo the low-growth, high-inflation era of the 1970s.
The number of Americans filing for jobless claims for the first rose last week from 216k to 225k (in line with exp), with the non-seaonally-adjusted pace of initial claims trending notably higher...
An Epic Dollar Rally Goes Into Reverse—and Investors Expect Further Declines: WSJDec 29, 2022 - 05:56:11 PST
The dollar is ending the year on the defensive, having given back roughly half of its gains since its September peak, as investors bet that U.S. inflation is slowing.
The ripple effect of another major crypto exchange shuttering some operations is causing cryptocurrencies to struggle..
Hong Kong’s exports plummeted in November by the most in nearly seven decades as a slump in China’s economy and global demand worsened, making the road to recovery even tougher for the financial hub.
The two are correct in that higher rates are dragging down tech, but that is hardly the whole story.
Italy's Prime Minister Giorgia Meloni on Thursday said the European Central Bank should avoid making "pejorative choices" and communicate well on its choices, after its decision to hike interest rates raised financial pressure on Italy.
BEIJING (AP) — Moves by several countries to mandate COVID-19 tests for passengers arriving from China reflect global concern that new variants could emerge in its ongoing explosive outbreak — and that the government may not inform the rest of the world quickly enough.
China's central-bank digital currency is little used, a former official of the People's Bank of China (PBOC) said on Wednesday, financial news outlet Caixin reported. Expressing disappointment with the result of a trial in select provinces and cities, the former official, Xie Ping, told a conference that application of the so-called digital yuan needed to be widened.