Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Early this week, with the severe inverted yield curve and other signals flashing recession, I planned to use this letter to delve into the data. Then Thursday’s CPI data convinced markets to blow the all-clear whistle.
Over the past month, technology companies have laid off tens of thousands of employees. And the momentum in layoffs only appears to be worsening.
"How much more could FDR have done had he had a CBDC? The risk of a CBDC goes beyond the serious issue of financial privacy."
Accountability, diplomacy, and planning are essential for preventing a forever proxy war.
Antiwar.com's Scott Horton and former Army Lt. Col. Daniel Davis warn about the grave danger of escalating the war in Ukraine.
Chinese President Xi Jinping warned his US counterpart Joe Biden not to cross Beijing's "red line" over the island of Taiwan in Monday's summit meeting between the two, state media reported.
The Wolf Street Report: Where’s the Contagion from the Crypto Implosion?Nov 14, 2022 - 07:57:53 PST
As the FTX collapse shows, the shenanigans guarantee smooth and efficient contagion inside the crypto zone. But beyond it?
The Swiss National Bank Began Unloading its Biggest US Stock Holdings, incl. Apple, Microsoft, Amazon, Alphabet, MetaNov 14, 2022 - 07:56:09 PST
It still bought Tesla though, which is down by 52%. It took massive losses. And it’s got a bunch of Imploded Stocks.
Daniel Lacalle wrote a nice piece about disastrous Keynesian policies that led the US with high debt, inflation and weak wage growth. The evidence from the last thirty years is clear. Keynesian pol…
Nov 14, 2022 - 07:48:20 PST
Major cryptocurrencies erased losses and turned higher after Binance Holdings Ltd.’s Chief Executive Officer Changpeng Zhao said the world’s largest digital-asset exchange plans to set up an industry recovery fund.
Nov 14, 2022 - 07:45:55 PST
Like the disastrous Bernie Madoff debacle where investors lost millions of dollars, Sam Bankman-Fried has apparently cost investors like Steph Curry, Shaq and Tom Brady considerable sums as well. W…
Nov 14, 2022 - 07:43:46 PST
The US economy is Slippin’ Into Darkness. The Fed’s favorite yield curve measure, the implied yield on 3-month T-Bills in 18 months less the 3-month T-bill yield has inverted. Note that this curve inverts prior to a recession.
Nov 14, 2022 - 07:40:37 PST
Sam Bankman-Fried’s bankrupt digital-asset exchange FTX was hit by a mysterious outflow of about $662 million in tokens in the past 24 hours, the latest twist in one of the darkest period…
Nov 14, 2022 - 05:52:31 PST
The UK is "bankrupt." Most retirees should wait until 70 to accept retirement benefits. Inflationary quagmire. Gold has outperformed stocks and bonds. Every investor "should own some gold."
Because gold and silver can be expected to make their biggest percentage gains near the end of their respective bull markets, there is still time to board the train and start accumulating.
U.S. Dollar Surges As Traders Say Markets Overreacted to U.S. Inflation DataNov 14, 2022 - 05:49:53 PST
The U.S. dollar rose against the euro and sterling on Monday, after sliding to multi-month lows, as expectations of a less aggressive Federal Reserve interest rate hike faded with traders saying market overreacted to a modest miss on U.S. inflation.
It’s been a miserable year for the global economy. But things can always get worse.
Rising global borrowing costs are denting the finances of some of the most climate-vulnerable countries right when they most need money to fight the devastating impacts of global warming.
Global Debt Levels Rose ‘Substantially’ in 2021, World Bank President SaysNov 14, 2022 - 05:39:34 PST
Debt levels among low- and middle-income countries rose sharply in 2021, with China accounting for 66% of lending by official bilateral creditors, World Bank President David Malpass said, underscoring the need to reduce the debt of poorer countries.
Nov 14, 2022 - 05:36:32 PST
The Federal Reserve is entering a new phase of monetary tightening that will be more difficult to manage, a senior official has warned, as pressure mounts on the Federal Reserve to moderate its most aggressive rate-hike campaign in decades.