Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Nov 15, 2022 - 12:25:34 PST
Americans are facing 40-year high inflation and there’s been no shortage of discussion on the topic. It’s the number one issue on the mind of Americans heading into midterms, and every day on TV and in newspapers pundits are debating how long it will last and deciding who is to blame.
"Once you start the process of prices falling nationally, there is a self-fulfilling momentum to it because no one wants to catch a falling knife" says Diane Swonk, chief economist at KPMG.
In the wake of the last housing crash, online lenders came to dominate the mortgage market. Those firms are now struggling to survive the latest downturn, with soaring interest rates hurting home sales and refinancing demand.
Michael Barr, the Federal Reserve's top financial regulatory official, on Tuesday said he is concerned about risks from the non-bank sector, including cryptocurrencies, for which the U.S. central bank and other regulators have poor visibility.
Nov 15, 2022 - 11:05:57 PST
We know that Federal Reserve monetary policy, with the exception of Paul Volcker, has been incredibly loose helping to produce asset bubbles. Particularly under Bernanke, Yellen and Powell. But cry…
Here Come "Programmable Dollars": New York Fed And 12 Banking Giants Launch Digital Dollar TestNov 15, 2022 - 11:04:13 PST
Never let a crisis go to waste. Or a market crash for that matter. With equity and bond markets stuck in brutal bear markets and providing a sufficient distraction to what is happening behind the scenes, the Fed and a group of banks have been quietly preparing for the next stage in the "organized crash" pipeline: the rollout of CBSC.
Credit Suisse Sells Most of Its Securitized Products Business to Apollo As It Speeds Up RestructureNov 15, 2022 - 11:01:14 PST
Credit Suisse said it would accelerate the restructure of its investment bank by selling a significant portion of its securitized products group to Apollo.
More than 7 in 10 adults ages 18-25 say they cannot pay all their bills on time.
US household debt climbed at the fastest annual pace since 2008 in the third quarter, with credit-card balances surging even as the interest rates that lenders charge to consumers hit a multi-decade high.
Five-Digit Layoffs Are Here, the Big Ones We’ve Been Waiting for. But the Laid-Off People Are Scattered around the GlobeNov 15, 2022 - 09:09:07 PST
Other companies are licking their chops at finally being able to hire tech workers.
Nov 15, 2022 - 09:05:23 PST
The participation rate is the percentage of the population that is either working or actively looking for work. The labor force participation rate is calculated as: (Labor Force ÷ Civilian Noninstitutional Population) x 100.
Nov 15, 2022 - 09:03:50 PST
When was the last time that FedEx furloughed workers in the middle of "peak season"?
PPI Misses Across The Board, Drops To Lowest In Over A Year As Service PPI Now DeflatingNov 15, 2022 - 07:38:51 PST
Just days after the CPI missed across the board sparking a record surge in stocks, moments ago the PPI followed suit when the BLS reported that in October wholesale inflation not only eased across the board but missed every single forecast, with the highlight being the unchanged print in core PPI, a sharp drop from last month's 0.2% increase and far below the 0.3% forecast. Here is the breadown:
Golf prices traded at a fresh three-month high on Tuesday as a gauge of the dollar's strength against a basket of rivals tumbled to similar lows.
The Fed Risks Plunging U.S. Economy Back Into a 1930s-Style Great DepressionNov 15, 2022 - 06:01:11 PST
The United States is teetering on the edge of another Great Depression, ARK Invest’s Cathie Wood warns, and the Federal Reserve will take the blame if it does.
German authorities are stepping up preparations for emergency cash deliveries in case of a blackout to keep the economy running, four people involved said, as the nation braces for possible power cuts arising from the war in Ukraine.
Japan’s Economy Unexpectedly Shrinks As Hot Inflation, Global Slowdown Take TollNov 15, 2022 - 05:57:17 PST
Japan's economy unexpectedly shrank for the first time in a year in the third quarter, stoking further uncertainty about the outlook as global recession risks, a weak yen and higher import costs took a toll on household consumption and businesses.
Economists expect smoother monetary tightening as monetary policymakers worry about damage to growth.
Federal Reserve Vice Chair Lael Brainard sat down for a question-and-answer session with Bloomberg’s Washington Bureau Chief Peggy Collins on Monday.
The Fed "will be heightening its focus on liquidity, credit, and interest-rate risks as supervised institutions manage the changing financial conditions," Barr said in written testimony prepared for delivery Tuesday to the Senate Banking committee, noting that the...