Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Global debt is rising at the fastest pace since World War Two as economies struggle to meet the demands of high energy prices and an increasing cost of living crisis. In this video, Capital.com examines the impact of inflation and rising interest rates on government debt and whether the world could be heading for another debt-driven crisis.
Global Debt Costs Are Soaring: Risks Abound for Overleveraged Consumers, Companies and CountriesNov 30, 2022 - 12:30:04 PST
Bloomberg: The world is emerging from the cheap-money era with a mountain of debt that’s now getting painfully expensive.
Bitcoin Family Is Moving More Than $1 Million Into Decentralized Exchanges After FTX DisasterNov 30, 2022 - 12:21:54 PST
Didi Taihuttu and his family have relocated to Phuket, and they're still true believers even after the collapse of Sam Bankman-Fried's crypto empire.
The U.S. Attorney's Office for the Eastern District of Texas announced on Wednesday that it has charged 21 people in a crypto money-laundering network.
"To preserve freedom for posterity, liberty minded policy makers should be working to stymie the government’s ability to capture and control data in the digital commons." ~ Leslie Corbly
How long can silver remain cheap? That was a question that Jeff Clark posed in a recent article that Mike Maloney wanted to explore further.
Nov 30, 2022 - 11:27:37 PST
Economists have warned that the united front among Fed officials is at risk of splintering, with sharper divisions emerging among policymakers over how aggressively the pressure should be on the economy to tackle inflation.
Euro Inflation without Energy Rages to New Record. Overall CPI Second Worst EverNov 30, 2022 - 11:22:07 PST
The ECB’s horror show.
Fed Chair Powell Says Smaller Interest Rate Hikes Could Start in DecemberNov 30, 2022 - 10:32:33 PST
Federal Reserve Chairman Jerome Powell confirmed Wednesday that smaller interest rate increases are likely ahead even as progress in the fight against inflation has largely been unsatisfactory.
When we previewed Jay Powell's speech yesterday, we explained both why the market has been so nervous heading into (PTSD from his Jackson Hole market mauling) as well as why the blackout period that follows Powell's speech and lasts through the middle of December will be far more important for the market over the next two weeks.
As we approach the end of 2022, one of the most tumultuous years for stocks & bonds in decades, investors are now turning their eyes to 2023. Will it offer relief? Perhaps recovery?
The Price of Oil Appears To Be Reflecting the Global Recession That’s Baked Into Receding StimulusNov 30, 2022 - 09:02:04 PST
It's not just the price of oil that matters: how much disposable income consumers have left to buy more goods and services matters, too.
Transitory Inflation Talk Is Back. But Economists Say Higher Prices Are Here To StayNov 30, 2022 - 08:56:52 PST
Global markets have taken heart in recent weeks from data indicating that inflation may have peaked, but analysts have warned against the return of the "transitory" inflation narrative.
Ugly JOLT: Job Openings Plunge By 353,000 As Hiring, Quits Tumble To Multi-Year LowsNov 30, 2022 - 08:54:49 PST
One month after the August Jolts report showed an unexplained surge in job openings (following the dire plunge in July when nearly 1 million job openings were gone), things are reverting back to normal because after the "freak" spike in job openings in the last month of the summer which was downward revised to 407K (after the 890K drop in July)...
Housing Demand "Vaporized" After Rates Hit 7%...And A New Wave Of Inventory Is NextNov 30, 2022 - 08:50:08 PST
The inventory decline this year came in two distinct phases. Between January and July, mortgage interest rates rose from 3.11% to 5.81%: a 270 basis point increase representing a roughly 32% increase in one’s monthly mortgage payment.
NATO on Tuesday doubled down on its pledge to eventually admit Ukraine during a meeting of the alliance’s foreign ministers in Bucharest, Romania, a position that played a major role in provoking Russia’s invasion. The Romanian city was where NATO initially made the promise to Ukraine back in 2008, and at the time, US officials …
The announcement of the approval by the State Department was posted during the World Cup 2022 match between the United States and Iran, held in Doha.
Half the world's democratic countries are experiencing an erosion of democracy, intensified by war in Ukraine and economic crisis, an international think tank said in a report on Wednesday.
Recently, all G20 countries signed an agreement that calls for instituting vaccine passports.
Supervisors in San Francisco voted Tuesday to give city police the ability to use potentially lethal, remote-controlled robots in emergency situations -- following an emotionally charged debate that reflected divisions on the politically liberal board over support for law enforcement.