Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Two women — the first female Treasury secretary and the first Native American to serve as U.S. treasurer — now have their signatures on America’s currency.
Dealing With Reality – There Is No “Security” In Social “Security”: Miller on the MoneyDec 8, 2022 - 11:46:09 PST
Citizens can’t afford the government’s promises, past and present. Projecting interest cost of the national debt, plus government unfunded liabilities, it’s impossible for future generations to pay the debts incurred by their elders.
The NDAA includes $11.5 billion in new investments for the Pacific Deterrence Initiative, a program to build up in the Asia Pacific to confront China. The Pentagon has identified China as its main focus, and the NDAA includes investment in new technology research and development that US military leaders say is meant to counter Beijing.
Developing nations may need to find as much as $2.5 trillion over five years to meet external debt-service costs as interest rates rise and poorer countries struggle to refinance borrowings, a Finance for Development Lab model shows.
David Pilling highlights clearly the inadequate measures Ghana’s government is enacting to shore up its finances (“Ghana’s rude awakening as tide of cheap money recedes”, Opinion, December 2). As he suggests, the country finds itself in the classic emerging market trap — owing too much in someone else’s currency when the global economic tide turns.
Gold Hits Record in Pakistan as Economic Woes Spur Buying Frenzy: BloombergDec 8, 2022 - 09:09:47 PST
Gold prices in Pakistan surged to a record as people took refuge in the safe-haven metal on mounting concerns that the nation’s economic conditions will deteriorate further.
Nigeria Limits ATM Withdrawals To $45 Per Day To Force Govt-Controlled Digital PaymentsDec 8, 2022 - 09:07:28 PST
A staggering number of Nigerians love Bitcoin, but hate government cryptocurrency (CBDCs).
The key is employment. Thus far, the labor market has not come under any strain but there are signs that it is beginning to wobble. Should unemployment start to rise, as seems likely in 2023, credit card debt will deflate, and the savings rate will rise. In those circumstances, the U.S. and the global economy will be in dire straits (and U.S. consumers will not be getting their money for nothin’).
Technology, innovation, fiscal dynamics and hidden slack in the global economy suggest inflationary pressures could prove transitory.
Dec 8, 2022 - 07:35:44 PST
As The Fed tightens to tamp down on inflation in 2022, we are seeing a pattern. The US Treasury 10Y=2Y yield curve has sunk to -82 basis points, a -206% decline.
Dec 8, 2022 - 07:30:32 PST
High energy prices and supply-chain disruptions will mean ongoing inflated prices in goods and services well into 2023, among other concerns.
Against this background of gradually declining but structurally higher inflation, the key question is what central banks will do if core inflation doesn’t return fully to target over the next 12 to 18 months. One option would be to keep policy rates high or higher for longer. The other option could be to become more flexible once inflation falls much lower. But it does suggest a return to consistently below-neutral interest rates is less likely in the medium-term.
From a CPI point of view, I don't believe we will see rents decline even though the National Rent price from Apartment List shows that.
World’s Banks Told to Apply Capital Rules to Climate Risks Where PossibleDec 8, 2022 - 07:08:59 PST
Global regulators set out their first guidance on Thursday to show banks how to apply existing capital rules to cover climate change risks that could lead to losses.
A little-noticed rule-making proposed by the Department of Defense, NASA and the General Services Administration last month would require federal contractors to disclose and reduce their CO2 emissions as well as climate financial risks. The rule would cover 5,766 contractors that have received at least $7.5 million from the feds in the prior year.
Transportation capacity continued to grow at a high rate during November with prices falling at the fastest rate on record, according to a monthly survey of supply chain executives released Tuesday.
Gold prices were flat on Thursday after tallying back-to-back gains as the recent rally again stalled out right around the $1,800 per ounce level.
Globally, people are experiencing inflation at levels not seen for decades as prices surge for essentials like food, heating, transport and accommodation. And though a peak could be in sight, the effects may yet get worse.
The number of Americans filing for jobless claims for the first rose to 230k last week (higher than the 226k the prior week) but it is the ongoing rise in continuing jobless claims that should be a worry for Americans (and 'cheer' for The Fed?).
Manhattan rents rose 2% in November, dashing hopes that prices would cool and forcing many renters to give up their leases or downsize, according to brokers.