Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Nomura has warned that seven countries - Egypt, Romania, Sri Lanka, Turkey, Czech Republic, Pakistan and Hungary - are now at a high risk of currency crises.
Investor Home Purchases Drop 30% as Rising Rates, High Prices Cool Housing Market: WSJNov 22, 2022 - 05:51:32 PST
Buying activity by companies fell in line with the decline in overall home sales amid higher borrowing costs.
Goldman Sachs Says the Bear Market Isn’t Over Yet—And 2023 Won’t Be a Much Better Year for InvestorsNov 22, 2022 - 05:49:46 PST
“The near-term path for equity markets is likely to be volatile and down,” strategists at the investment bank said.
Retiring Baby Boomers Are Getting Wiped Out by Inflation and a Volatile Stock MarketNov 22, 2022 - 05:45:49 PST
The average 401(k) balance has dropped 23% from a year ago. That has big implications for baby boomers who recently retired or are about to.
Tighter Federal Reserve policy is raising households’ interest-rate burden, leading to a rapid decline in excess savings and underscoring the likelihood hawkishness has peaked.
Twos and Tens yield inversion near its widest since the early 1980s...
Experts, including interest-rate traders, have recently coalesced around a forecast of 5% peak for rates.
The world’s central banks must keep raising interest rates to fight soaring and pervasive inflation, even as the global economy sinks into a significant slowdown, the OECD said on Tuesday.
U.S. stock index futures were trading flat on Tuesday after starting the week lower due to worries around stricter COVID-19 curbs in China, while drawing comfort from less-hawkish comments on interest-rate hikes from policymakers.
No fuel is more essential to the global economy than diesel. It powers trucks, buses, ships and trains. It drives machinery for construction, manufacturing and farming. It’s burned for heating homes. And with the high price of natural gas, in some places it’s also being used to generate power.
The IMF and World Bank have already downgraded their forecasts for China’s GGDP growth, and a mounting debt could exacerbate the country’s economic problems...
US equity futures and European stocks rose as investors parsed comments from Federal Reserve officials for clues on the pace of interest rate hikes and assessed the impact of China’s widening Covid lockdowns.
The Silver Institute, a United States-based organization that monitors the metal, stated in its most recent report that the world is on the verge of a significant silver supply shortage this year.
We do stick to our bullish silver forecast simply because the data points suggest that silver will turn bullish in the near future. This might start early 2023 or near the end of 2023… or somewhere in between. We expect silver to be more bullish than gold...
A cashless society would be the nail in the coffin for liberty and freedom, offering centralization, the likes of which Marx could only dream. The existence of a government backdoor or spyware becomes a real possibility, and given the State’s track record, a real likelihood. Then, of course, the ability to track, freeze, and even set expiry dates on money...
The collapse of the crypto exchange FTX may prove to be a canary in the coal mine of the easy-money-fueled crypto bubbles.
Last Thursday in New York was one of those days to be fondly remembered by everyone with skin in the game — that is, all of those at the mercy of the capital markets, which is surely just about everyone with a retirement savings plan. The key S&P 500 stock market index had added 5.54% to its value by the close of trading; the more IT-dependent Nasdaq even more at 7.35%.
Global growth was 6.0 per cent in 2021. It is expected to be 3.2 per cent in 2022 and 2.7 per cent in 2023. Barring the global financial crisis and the severe phase of Covid -19 pandemic, this is the weakest growth profile since 2001.
This newsletter continues with the theme that I discussed in my prior (October) newsletter, by examining the long-term fiscal issues of the United States and what that can mean for currency fundamentals.
You may have missed this wonderful Josh Zumbrun column in the Wall Street Journal last week: “Inflation and Unemployment Both Make You Miserable, but Maybe Not Equally.” It’s one of those things that are so obvious no one ever stops to think about it – and so we have overlooked this for decades.1 Stop…Read More