Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Many countries are suffering similar issues to the UK, contributing to a weak global economic outlook in general right now. After a prolonged period of historically ultra-low interest rates, increases – so-called normalisation of monetary policy – were expected in most countries.
The European Central Bank doubled its key interest rate to the highest level in more than a decade, intensifying its broadside against record inflation in the face of a likely recession.
Bank of Japan Governor Haruhiko Kuroda faces another key test of his decade-long term Friday as he tries to stick with rock-bottom rates without triggering the same kind of yen slide that prompted currency market intervention after last month’s meeting.
European shares fell on Thursday in cautious trading ahead of a widely expected interest rate hike from the European Central Bank, while Credit Suisse tumbled after unveiling restructuring plans. The pan-European STOXX 600 index slipped 0.5% after closing at a five-week high on Wednesday on expectations that major central banks will slow the pace of monetary policy...
Pacific Investment Management Co. raised bearish stock wagers as the market bounced back, according to portfolio manager Erin Browne, who warns that the latest earnings woes from tech giants are a sign of what’s coming next for Wall Street.
Credit Suisse Sinks on Plan to Raise $4 Billion and Slash Headcount by 9,000Oct 27, 2022 - 05:16:41 PDT
Credit Suisse Group AG opted to tap investors for a painful multibillion-dollar capital raise to shore up confidence and fund a years-long reshaping that will carve out its investment bank and slash its headcount by 9,000.
U.S. stock futures wavered Thursday morning as investors brace for another batch of tech earnings from Amazon (AMZN) and Apple (AAPL) and a report that will reveal how the U.S. economy fared last quarter with high inflation.
Oct 26, 2022 - 13:01:23 PDT
A softer dollar and falling Treasury yields helped boost the price of gold to its highest settlement in nearly two weeks on Wednesday, as the yellow metal built on gains from the prior session driven by expectations for smaller interest-rate hikes by the Federal Reserve.
“If you can’t grow it, you have to mine it” is a famous saying that encapsulates the importance of minerals and metals in the modern world. From every building we enter to every device we use, virtually everything around us contains some amount of metal.
Fed's Favorite Yield Curve Indicator Finally Inverts, Recession ImminentOct 26, 2022 - 12:33:44 PDT
Simple - while 2s10s and so on are much discussed, they are quickly shrugged off by the permabull crowd as being overly sensitive - "predicting 10 of the last 5 recessions" for example; in the case of the 3M10Y spread, no lessor venerable institute than The Federal Reserve Bank of New York has blessed this as their preferred recession signal:
Top Wall Street CEOs Revive Warnings About US Economic Recession As Inflation RagesOct 26, 2022 - 12:23:24 PDT
Two of Wall Street's most notable CEOs renewed their warnings about the likelihood of a recession as stubbornly high inflation keeps the Federal Reserve on an aggressive interest rate hike path.
Biden's Strategic Petroleum Reserve Election Stunt Threatens National Security: RickardsOct 26, 2022 - 12:12:47 PDT
That’s a dead-weight loss for U.S taxpayers, who’ll be stuck with the bill — all because of election year politics.
The US Is Exporting Record Oil and Fuel Even as East Coast Faces ShortagesOct 26, 2022 - 12:10:28 PDT
The US exported a record amount of crude and fuel last week, even as the East Coast grapples with shortages of both diesel and gasoline.
The UK’s net bond sales are set to be the highest in history for the coming fiscal year, according to the nation’s debt chief.
Government inflation makes people’s responses much more delayed, leaving people’s value adding greatly degraded. Original Article: "Fed Socialist Money Manipulation Cancels Individuals' Better Judgment" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Home price growth of the sort we've seen in recent years simply cannot be sustained without a continued commitment to easy money from the central bank, and it shows.
One other potential explanation for US yields being down sharply, and the curve flatter was the slump in China’s currency, which is deflationary, alongside a bounce in US-listed China tech stocks. By squinting, some saw the pre-2016 world where China makes cheap stuff for the West and its tech stocks soar. Yet both trends have run their political course, as the Financial Times...
The Swiss National Bank withdrew a record $11 billion from its standing dollar liquidity swap line with the US Federal Reserve last week. This is the largest quantity the SNB has drawn from the facility since the beginning of the Covid-19 pandemic in March 2020. The previous week, it withdrew more than $6 billion, and the week before over $3 billion, according to data from the New York Fed.C
Meanwhile, back in the US, I am pondering the dollar scarcity thesis in light of $90 trillion in total market debt owed. Gold provided a brake on recklessness. There is no brake now. Ask yourself, "How is $90 trillion going to be paid back?"
Oct 26, 2022 - 09:18:22 PDT
In an exclusive interview with Daniela Cambone, billionaire philanthropist, Frank Giustra lays out his thesis for the global monetary reset already underway. We're at the beginning of a currency war, "and I'm absolutely certain we're heading into a global monetary system reset,"