Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Euro zone inflation surged past expectations yet again this month to hit a record high, pointing to further interest rate hikes from the European Central Bank as price pressures appear to be broadening.
“A nuclear war cannot be won and must never be fought.” That joint statement was issued at the beginning of this year by China, France, Russia, the UK and the US — the five official nuclear weapons states. The following month, Russia invaded Ukraine. Ever since, world leaders have been grappling with the threat that a nuclear war might indeed be fought — quite soon.
At a warehouse on an industrial stretch in Ottawa, giant metal crates of donated groceries are piled high as volunteers sort canned goods, pasta and other foods to be distributed to pantries around the Canadian city.
President Joe Biden’s administration is taking stock of a newly empowered Xi Jinping as the Chinese president begins a third, norm-breaking five-year term as Communist Party leader. With U.S.-Chinese relations already fraught, concerns are growing in Washington that more difficult days may be ahead.
The good times might soon be over for California's government. The nation's most populous state has had so much cash lately that lawmakers have spent freely — handing out free health care to low-income immigrants , paying for every 4-year-old to attend kindergarten and sending more than $21 billion in stimulus checks to taxpayers over the past two years.
“We definitely are moving into a new phase, and the messaging is a lot trickier,” says Julia Coronado, a former Fed economist who now runs MacroPolicy Perspectives. “It’s one thing to be starting from zero and playing catch-up . . . it’s another to be in the territory where you’re clearly closer to a restrictive stance and the economy and global markets are responding.”
The rapacious rise of the greenback is ready to wipe greater than $10bn from US company earnings within the third quarter, analysts estimate, piling stress on corporations which might be already grappling with excessive costs and a dismal home outlook.
The Federal Reserve’s aggressive interest-rate rises to fight inflation are leading the central bank to do something it has never consistently done before: lose money. The central bank’s operating losses have increased in recent weeks because the interest it is paying banks and money-market funds to keep money at the Fed now exceeds the income it earns on some $8.3 trillion in Treasury...
As the Fed continues to execute its policy of quantatitve tightening and raising interest rates, the global treasuries market is under pressure
The ranks of traders ready to buy and sell Treasurys are shrinking. Individual trades are moving prices more.
Credit Suisse Group AG disclosed a large roster of banks that will help it drum up $4 billion in capital to fund its extensive restructuring and laid out more detail about the discounted price it will offer shareholders.
Goldman Sachs Group Inc. economists said they now expect the US Federal Reserve to raise interest rates to 5%, higher than previously predicted.
The end of the Federal Reserve’s campaign to raise interest rates is approaching, according to Morgan Stanley strategist Michael Wilson, who until recently was a prominent stock market bear who correctly predicted this year’s slump in equities.
Another Jumbo Fed Rate Hike Is Expected This Week — And Then Life Gets Difficult for PowellOct 31, 2022 - 05:34:55 PDT
Economists widely expect another three quarters of a percentage point interest rate hike from the Federal Reserve in November, but there's much less...
The US thinks it can block microchip technology from China. It won't and blowbacks are everywhere.
There's no economic news good enough to make voters forget about inflation, which is eating their paychecks.Americans don’t care what a GDP report says, however. They care about whether they’re getting ahead or falling behind, and this is where Biden and his fellow Democrats, who control Congress, are in trouble.
U.S. stocks lagged Monday morning as a busy week marked by Fed policy and jobs data got underway.
There are reasons to be bullish on silver, not just because of its role as a monetary metal and inflation hedge, but also due to its importance as an industrial metal. Doug Casey recently talked about silver's many uses and what it means for the future with International Man.
Despite all kinds of economic bad news, as of Friday, the Dow Jones was on pace for the best October in history. As Peter Schiff explained in his podcast, this demonstrates the fact that for now, bad news is good news, and stocks are priced for perfection in an imperfect world.
Managed money has controlled the gold and silver market over the last several months. But there are other dynamics going on unnoticed under the surface.Please note: the CoTs report was published 10/28/2022 for the period ending 10/25/2022. “Managed Money” and “Hedge Funds” are used interchangeably.