Gold has all the potential to go unprecedentedly high. But silver will be gold on
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The world’s second-biggest buyer of gold among central banks last quarter believes there’s hardly such a thing as too much bullion.
Core CPI Inches Lower From 40-Year-Highs, Real Wages Tumble for 19th Straight MonthNov 10, 2022 - 05:41:08 PST
It's that time of the month again. The 'most important' CPI print in history, since the last 'most important' CPI print, is expected to show some moderation in October data (but remains at extremely high historical levels in both headline and core).
Traders are laser focused on Thursday’s key US consumer price figures, but inflation data a day later may be even more important in determining the near-term outlook for global markets.
‘A Major Problem’: The US Is Now a Record $31 Trillion in Debt, Made Worse by Rising Interest RatesNov 10, 2022 - 05:36:35 PST
The Fed funds rate is currently between 3.7% and 4% — the national debt will be growing at a rate that makes it even harder to ignore. “Interest rates are a major problem,” says Phillip Braun, clinical professor of finance at North Western University’s Kellogg School of Management.
Reeling from a series of scandals and financial troubles, Credit Suisse Group AG is paying a massive price to drum up demand for bond sales on both sides of the Atlantic that will give it a much-needed injection of cash.
Right now, across America, about 26 million people are relying on state and local pension plans to take care of them in their retirement years. That figure includes 15 million retired teachers, police officers, firefighters and other public sector workers, and another 11 million who are still working.
Roubini: Markets Aren’t Close to Done Fallingt. Brace Yourself for Another 20% Lurch—At LeastNov 10, 2022 - 05:30:34 PST
“We might be closer to a period like we saw between 1973 and 1982, where stocks dropped and stayed very, very low for a long time,” Wall Street's "Dr. Doom" told Fortune.
‘Probably the Last Rally’: Jim Rogers Warns Not To Get Too Excited Over the Market’s Recent BumpNov 10, 2022 - 05:29:07 PST
Dead cat bounce? This legend certainly thinks so.
Bitcoin Forecast To Plunge 80pc As JP Morgan Warns Over ‘Cascade’ of Crypto Margin Calls: LiveNov 10, 2022 - 05:23:48 PST
Analysts at the Wall Street bank said the world’s biggest cryptocurrency could tumble to $13,000 – an 80pc drop from its peak of over $68,000. It comes as a liquidity crunch at FTX, which was founded by Sam Bankman-Fried, sends shockwaves through the volatile sector.
Crypto and Tech Are the First Dominoes To Fall As Stimulus Liquidity Dries Up: MWNov 10, 2022 - 05:21:01 PST
Our call of the day from Stock Traders Daily and portfolio manager at Equity Logic, Thomas H. Kee Jr., links up the latest crypto selloff and selling of tech names this year to drying up of stimulus-related liquidity, but warns they may not be the last dominoes to fall.
The crisis engulfing Sam Bankman-Fried’s FTX.com is rapidly worsening, with the onetime crypto wunderkind warning of bankruptcy if his firm can’t secure funds to cover a shortfall of as much as $8 billion.
U.S. inflation likely remained stubbornly high last month despite efforts by the Federal Reserve to get a grip on prices that have surged at a historic pace.
U.S. stock futures hobbled forward in the early trade Thursday as Wall Street awaited consumer price data and monitored runoff election tallies.
The perception is that CPI cooled significantly in October, but the data doesn't quite bear this out.The latest seasonally adjusted inflation rate for September came in at 0.44%. The YoY rate was 7.7%, or 7.8% when adjusting for Household Ops. which has not been consistently reported over the last year. The increase was actually above the previous month of 0.38%, but the YoY number fell because last October was 0.87% and fell off the report this month.
There are plenty of signs that the economy is teetering on the brink as the Federal Reserve ratchets up interest rates. The air is coming out of the housing bubble, PMI has tanked, more Americans are living paycheck to paycheck, and debt is spiraling upward. Those claiming the economy remains strong have one peg to hang their hats on - the "strong" labor market.But in fact, the labor market is anything but strong.
With prices rising and real wages falling, many Americans are struggling to make ends meet. They are increasingly turning to credit cards and other debt to fill the gap. But that creates other problems. Debt has to be repaid and a growing number of Americans are struggling to keep up with payments.Auto loan delinquencies have risen to the highest level in over 10 years, according to TransUnion.
The Gold Mining Industry will soon hit the Energy Cliff. Why? Because the massive amount of energy and resources it consumes is unsustainable, even though the Industry suggests ESG will make it sustainable. Not so. This is a MUST-WATCH Video if you are an investor in gold bullion and the mining shares...
As gold prices drop, the West is selling its stores and the East is buying it up. More than 527 tons of gold have been removed from the Federal Reserve Bank of New York and the Bank of England since the end of April. At the same time, China hit a four-year high for gold imports in August. If the West does not want its gold, China is more than willing to take it.
Anxiety over the cost of living and the direction of the economy could prove costly to President Biden — and his fellow Democrats.
Fed May Need To Hike Interest Rates Above 6% To Crush Inflation, Larry Summers SaysNov 9, 2022 - 12:24:24 PST
Stubbornly high inflation could force the Federal Reserve to aggressively raise interest rates above 6%, the highest in more than two decades, according to former Treasury Secretary Larry Summers.