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The Fed has two options when it comes to interest rate increases designed to tackle the highest US inflation since the early 1980s. The first is it continues to hike rates, beyond what the economy can handle, causing a recession, usually defined as two consecutive quarters of negative economic growth. This is the “Volcker Fed” playbook.
Jamie Dimon Says Inflation Eroding Consumer Wealth May Cause Recession Next YearDec 6, 2022 - 05:48:35 PST
The longtime JPMorgan Chase CEO says that while consumers are currently flush with savings, that will likely run out by mid year 2023.
Euro zone inflation may have peaked but will subside so slowly that it could be years before it gets back to the European Central Bank's 2% target, keeping pressure on the ECB to tighten policy well into 2023.
U.S. House Speaker Nancy Pelosi visited Taiwan and met Taiwanese President Tsai Ing-wen in August in defiance of Chinese warnings for the trip not to take place.
Personal saving was $426.5 billion in October and the personal saving rate was 2.3%—the lowest it’s been since 2005.
Bitcoin's Stagnant Crypto Dominance Points to Investor Exodus After FTX BankruptcyDec 6, 2022 - 05:38:33 PST
"Because of the size of this year's scandals and their far-reaching impacts, a lot of investors aren't moving to BTC because they're just leaving the space entirely," one expert said.
Analysis-Investors Look To Emerging Markets as Planets Align for End of Dollar Bull MarketDec 6, 2022 - 05:33:15 PST
As the U.S. dollar tumbles from multi-decade highs, some investors are betting emerging market currencies will be big winners from a sustained reversal in the greenback. The MSCI International Emerging Market Currency Index is up nearly 5% from its lows and notched its best monthly gain in about seven years in November...
China’s steel and aluminum exports are under attack once again, as the US and European Union weigh new tariffs linked to carbon emissions.
Deutsche Bank and Rabobank were charged by EU antitrust regulators on Tuesday of taking part in a government bond cartel, the latest move against a sector which has racked up millions of euros in fines for various competition violations. The European Commission, which can fine companies up to 10% of their global turnover for antitrust violations...
\The mood for risk is seeping into every corner of Chinese markets, with policy moves to ease Covid curbs and revitalize the economy boosting stocks and the yuan, while fueling the biggest slump in years for high-grade corporate debt.
Australia’s central bank raised its key interest rate for an eighth consecutive month and said it expects to tighten policy further as it seeks to cool the hottest inflation in three decades.
Philippine annual inflation surged to a 14-year high in November driven mainly by higher food prices, the statistics agency said on Tuesday, with the pickup in prices seen supporting the case for a half-percentage point interest rate hike this month.
Euro zone government bond yields drifted lower on Tuesday, after the European Central Bank's chief economist said inflation was likely close to peaking, and investors prepared for a raft of major central bank decisions. Some of the world's most influential central banks hold their final policy meetings of the year next week and much of the market...
Short-term dollar borrowing costs are being driven higher by more than just the expectation that the Federal Reserve will keep pushing up its overnight benchmark. The effects of central bank balance-sheet reduction are finally being felt now too and there’s probably more to come.
U.S. stock futures edge higher Tuesday morning as investors await for new readings on the trade balance for October and results from the Georgia Senate run-off election.
MAJOR FLAW IN THE WIND POWER INDUSTRY: Terrible Hidden Secret The Wind Industry Doesn't Want You To SeeDecember 6, 2022
There's a Dirty Little Secret the Windy Industry doesn't want you to know. Actually, it's not really a secret when you understand this single factor. This is such an important subject matter; I will make it available to Silver Members next week. Remember, Green Energy isn't a solution; it just makes the energy predicament worse...
Dec 5, 2022 - 13:06:02 PST
Gold Performance in Major Currencies, 2000-2022 YTD.
Mongolia's central bank purchased a total of 19.9 tons of gold in the first 11 months of this year from legal entities and individuals.
We lost a lot of people in the bottom phase. There are a lot of people missing this move higher in gold. There are huge moves happening very quickly.
Globally, total private- and public-sector debt as a share of GDP rose from 200% in 1999 to 350% in 2021, the economist Nouriel Roubini says.