Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Gold has long been considered a traditional ‘safe-haven’ asset. And in today’s volatile environment, UK pension schemes and institutional investors are increasingly seeing it for its diversification benefits, perceived resilience and use as an inflation hedge.
When I was a child, my mother and I would take the Long Island Railroad to Brooklyn to see relatives a few times a year. My grandfather was always outside in front of the apartment house in Park Slope, where he and my aunts and uncles lived. Upon seeing him, I would run down the sidewalk to greet him, but before I could say “Hi, Grandpa!,” he would without fail press a shiny silver dollar into my hand.
This is a good time to increase your cash allocation, both to avoid unexpected losses and to go shopping in the wreckage once the full extent of the damage is known. Oh, and don’t forget to stock up on cash and gold.
House Speaker Nancy Pelosi (D-Calif.) has just announced she is stepping down as leader of the House Democrats (after twenty years).
St. Louis Fed President James Bullard said policymakers should raise interest rates to at least 5% to 5.25%, hitting financial markets as investors recalibrated bets on how high officials would go.
The crypto exchange’s collapse is stoking fears of contagion across the industry. Meanwhile, FTX’s founder, Sam Bankman-Fried, is still speaking out.
Nov 17, 2022 - 12:10:39 PST
With payment systems constantly evolving, they have the potential to transform how we work, shop and use transport. Andrew Doukanaris, Fintech Business Director at Intellias, looks at how payment options have changed recently and looks forward to the trends set to shape the future.
“Single-family housing starts and permits fell again in October as demand continued to weaken. Plunging homebuilder sentiment suggests an unfavorable outlook for housing.” ~ Robert Hughes
Era of Stimulus-Distorted Consumer Credit Ends: Auto Loans, Delinquencies, Prime & SubprimeNov 17, 2022 - 12:00:42 PST
Auto-loan balances surge on sky-high prices, despite sales plunge. Delinquencies rise to pre-pandemic lows, subprime delinquencies return to 2016-2019 levels.
Nov 17, 2022 - 11:57:24 PST
Federal Reserve and Federal government stimultypo has wound down. M2 Money YoY growth is the lowest since 2010 and no, it isn’t the result of Mayor Pete’s magical skills at clearing the logjam at Los Angeles ports. It is the slowing of Federal stimulus (or stimulypto).
Slowing sales in recent weeks make for a tricky set-up for retailers ahead of the holiday season.
Higher interest rates helped Wells Fargo & Co. land more than $3 billion in profit in the third quarter. From a capital perspective, they also wiped out nearly three-quarters of that.
I saw an analyst report from a bank that estimated what the primary silver producers would generate in free cash flow this year. It wasn’t pretty.
How often have the Irish started out to achieve something and every time they have been crushed politically and industrially. By consistent oppression, they have been artificially converted into an utterly impoverished nation. ~ Friedrich Engels, 1856 Look out, Ireland! Financial debt-bergs, dead ahead!
Strong Recession Signal. Since 1990, the spread between 30-month T-Bills and the 10-year Treasury Note was only more inverted ahead of the 2001 recession. Since 1990, the spread between 30-month T-Bills and the 30-year long bond has only been more inverted a couple of times. This is a very strong recession signal.
Cryptocurrencies have been on the doldrums since the ‘Crypto Carnage’ of Spring 2021. Over the weekend, a Bahama-based crypto exchange FTX Exchange collapsed. It will probably not be the last one.
Gold prices fell on Thursday as the dollar steadied while investors gauged economic cues from the United States for the pace of future interest rate hikes. But gold could drift higher into year-end if the dollar remains weak overall and yields continue to drift lower...
The economic hurricane that JPMorgan CEO Jamie Dimon warned about in June may be less intense than originally feared, according to a new report from the bank.
US Single-Family Housing Permits Plunge To COVID Crisis Lows, Starts SlumpNov 17, 2022 - 05:54:57 PST
With homebuilder sentiment collapsing, it should be no surprise that analysts expected housing starts and permits to tumble in October, and they were right with starts dropping 4.2% MoM and permits down 2.4% MoM...
As inflation rockets and recession looms, many British businesses are struggling to secure affordable bank finance, piling pressure on the embattled UK government as it unveils a budget aimed at reviving the economy. British fruit-grower Hall Hunter is one of thousands of businesses in Britain feeling the squeeze...