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Thai Financial System Stable but Could Be Exposed to Global Risks: Central BankDec 9, 2022 - 05:46:58 PST
Thailand's financial system is resilient but stability could be affected by an abrupt change in the global financial market, which warrants close monitoring, the central bank said on Friday. Potential impacts include deterioration in debt serviceability of households and smaller businesses if the global economy heads into recession...
Could China’s Yuan replace the U.S. dollar as the world’s dominant currency?Dec 9, 2022 - 05:44:45 PST
Think the greenback can’t be displaced? You might be surprised.
China Quietly Launches QE: Beijing Orders Large Insurers To Buy Bonds To Contain Selling PanicDec 9, 2022 - 05:43:14 PST
And if one goes by that simple definition, last night China - which has so far been against replicating the Fed's repertoire of market intervention amid concerns it would exacerbate the country's giant debt bubble - quietly launched QE.
Oil prices were stable on Friday, although both benchmarks headed for a weekly loss on worries over weak economic outlook in China, Europe and the United States weighing on oil demand.
The market’s optimism that inflation has peaked is misguided as a potential spike in energy costs in 2023 could keep prices elevated and interest rates high, according to Goldman Sach’s Peter Oppenheimer.
The Federal Reserve is set to disappoint Wall Street as it keeps rates at their peak throughout 2023, dashing hopes markets have priced in for rate cuts in the second half and making a recession very likely.
Consensus Forecast for 2023: Goldman Suspects the Damage Will Be Even Worse for the Stock MarketDec 9, 2022 - 05:35:25 PST
n the case of a "hard landing" where the economy tips into a sharp recession as a result of the Fed's rate hiking plans, Goldman suspects the damage will be even worse for the stock market.
Recession Concerns and Interest Rates Are ‘Lethal Combination’ for Vehicle DemandDec 9, 2022 - 05:32:49 PST
Cox Automotive Chief Economist Jonathan Smoke examines how trends in gas prices and declining car dealership sentiments are impacting car markets, while also commenting on Carvana and car demand heading into 2023.
Stock futures were higher early Friday as investors look to finish the week on a positive note after snapping a 5-day losing streak on Thursday.
Mark Twain once said there are lies, damn lies, and statistics. The government excels in all three. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the recent jobs data. He reveals that the numbers just don't add up and explains why the labor market might not be as awesome as the mainstream keeps telling you. He also talks about the newest data on central bank gold buying.
ENERGY CLIFF & THE U.S. POWER GRID: The Critical Shortage Of Large Power TransformersDecember 9, 2022
Due to the critical shortage of Large Power Transformers, the U.S. Government released a Congressional Report last month. Also, with the United States highly reliant on more than 80% of the Large Power Transformer supply from overseas, this spells BIG TROUBLE in the years ahead...
The global economy is at an inflection point after being hit by various shocks over the past year. The biggest was induced by central banks as they stepped up their aggressive fight against inflation.
Silver attracts fresh buyers near the $22.55 region on Thursday and steadily climbs back closer to the overnight swing high during the first half of the European session. The white metal is currently placed around the $22.70-$22.75 area and seems poised to build on its intraday ascent.
In other words, because of its commodity price volatility attribute, gold might not be a perfect hedge against inflation in the short run, but works well as a long-term hedge against price inflation caused by the devaluation of fiat currencies from money printing.
Amid Inflation and Market Volatility, Just 12% Of Adults — And 29% Of Millionaires — Feel ‘Wealthy'Dec 8, 2022 - 12:34:49 PST
These days, only 12% of Americans consider themselves wealthy, including just 29% of millionaires.
Big banks still pay next to nothing on savings, but their customers aren’t yet moving much money to higher-yielding alternatives.
The Housing Slowdown Is Wreaking Havoc on the Short-Term Rental Market: WSJDec 8, 2022 - 12:18:35 PST
As more properties flood the market, renters see a big dip in demand for vacation homes.
The biggest U.S. banks are bracing for a worsening economy next year as inflation threatens consumer demand, according to executives Tuesday.
Real Estate Magnete Zell Warns of Liquidity Crisis, Odds of Economy Going Into Recession ‘Very High'Dec 8, 2022 - 11:58:46 PST
Equity Group Investments founder and chairman Sam Zell voiced his disapproval of the Fed's inflation strategy Thursday, telling "Cavuto: Coast to Coast" that Jerome Powell "missed the boat" on inflation, allowing "super-low" interest rates to exist for too long.
This is a complete guide to the devaluation of the US Dollar. Find out why the dollar is a terrible store of value in this in-depth post.