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FTX.com had its assets frozen in the Bahamas, where the crypto exchange is based, as more signs emerged that mogul Sam Bankman-Fried’s empire is crumbling.
U.S. stocks continued a dramatic ascent in futures trading ahead of Friday's open after deceleration in CPI inflation data ignited the most violent rally on Wall Street since early 2020.
The Wall Street Journal Senior Writer John Hilsenrath weighs the ongoing market rally against the impact of the Fed's interest rate hikes, in addition to discussing inflation, market volatility, and recession prospects.
They say perception is reality. Based on the October CPI data, the perception is inflation has peaked. But what's the reality? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the CPI data along with the markets' reaction to it and wonders if the inflation victory dance is a little premature. He also talks about the big rally in gold and central bank gold buying.
Hidden Secrets of Money Chapter 2 – Decoding the Elite Plan for the World EconomyNov 10, 2022 - 13:56:38 PST
Mike analyzes a speech from Ben Bernanke in 2002… and explains how it inspired him to make a huge financial investment into gold and silver, which paid off many times over…
Silver’s 25% fall since March to around US$19 an ounce has rattled confidence in the poor man’s gold, but a series of signals point to a bounce next year with Citi, a leading investment bank, pencilling in a possibly return to US$25/oz.
Gold futures climbed Thursday to settle at their highest since late August, buoyed by a retreat in the U.S. dollar and Treasury yields on the back of a smaller-than-expected monthly rise in U.S. inflation. A cool inflation report has made markets confident that the Federal Reserve can “downshift to half-point rate hiking pace and possibly be done with tightening after the March FOMC meeting,”
Gold is still regarded as the most reliable safe asset during times of unrest or uncertainty, despite the emergence of cryptocurrencies like bitcoin, these developments are not particularly surprising.
It has been a remarkable year for the US dollar, with the dollar index hitting 20-year highs. The Fed continues to raise interest rates, maintaining dollar strength as investors worldwide seek safety in the US. As this aggressive monetary tightening looks likely to send the US economy into recession, can the dollar sustain its strength?
The U.S. Treasury Department on Thursday said no major U.S. trading partner manipulated its exchange rates to gain unfair competitive advantage through June 2022, but said it would stay in close touch with Switzerland on its currency practices.
A year ago when today's expert appeared on the Wealthion channel, he warned of an approaching bear market & economic deceleration.
The change in the composition of global financial enviroment as a fragile one has not been widely understood. Global banking crises seem to have started already in 2020, but has been hidden (in plain sight) by authorities.
US financial regulators proposed several steps to improve the functioning of the Treasuries market after it broke down early in the pandemic.
Other Fed Officials Welcome Inflation News but Still See Tighter Policy AheadNov 10, 2022 - 10:59:52 PST
Federal Reserve officials welcomed Thursday's inflation news but cautioned against getting too excited by the data.
(Bloomberg) -- Charles Evans, the outgoing president of the Federal Reserve Bank of Chicago, said it’s time for the central bank to begin slowing down its blistering pace of interest-rate increases given how high they’ve already gone, even if inflation data continue surprising to the upside in the coming months.Most Read from BloombergSam Bankman-Fried’s $16 Billion Fortune Is Eviscerated in DaysMeta to Cut 11,000 Jobs; Zuckerberg Says ‘I Got This Wrong’FTX Warns of Bankruptcy Without Rescue for
Nov 10, 2022 - 07:26:47 PST
Despite the headlines that The Federal Reserve is rapidly downsizing its massive balance sheet of assets, The Fed is just letting their enormous holdings of mortgage-backed securities (MBS) run off. That is, just letting MBS mature. So, The Fed’s System Open Market Holdings of Agency MBS has barely declined.
First-time buyers are spending far more than recommended on mortgage payments after borrowing costs in the US surged.
U.S. home-price growth slowed sharply in the third quarter, the National Association of Realtors said, as affordability remained near its lowest level in decades.
Nov 10, 2022 - 06:29:25 PST
Goldman put out one of their pre buy-season reports that we usually see for Oil as EOY approaches. But this one is on Gold. This means several things to us, most of them constructive. The thing that matters most is: