Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Most of us are waiting on the eventual Fed "pivot" and reversal to their interest rate policy. When this comes, risk assets will again soar, and this includes COMEX gold and silver. But when will this finally occur? The U.S. Dollar Index will hold the clues.
Australian inflation raced to a 32-year high last quarter as the cost of home building and gas surged, a shock result that stoked pressure for a return to more aggressive rate hikes by the country's central bank.
China's Yuan Soars Most On Record After Beijing Orders Banks To Dump DollarsOct 26, 2022 - 06:05:48 PDT
Just hours after the offshore yuan hit a new record low amid chatter of wealthy Chinese capital exodus, and questions about whether the PBOC is 'allowing' the communist nation's currency to devalue, Beijing appeared to step in and spark the biggest rise in the currency on record...
Bank of Japan Governor Haruhiko Kuroda appears as determined as ever to see out his inflation mission without buckling to market or political pressure.
U.S. companies from tech giants Alphabet and Microsoft to GE and toymaker Mattel reported big slowdowns in growth or warned things were going to get worse, fanning recession fears and driving down stocks.
The average interest rate on the most popular U.S. home loan rose to its highest level since 2001 as tightening financial conditions weigh on the housing sector, data from the Mortgage Bankers Association (MBA) showed on Wednesday.
Mortgage Demand From Homebuyers Is Now Nearly Half What It Was a Year AgoOct 26, 2022 - 05:58:21 PDT
Sharply higher mortgage rates caused mortgage demand to drop to the lowest level since 1997.
European Central Bank Preview: Small Chance President Christine Lagarde Delivers a Hawkish MessageOct 26, 2022 - 05:56:15 PDT
President Lagarde's cautious approach to monetary policy has ended with every single ECB meeting this year read as dovish by speculative interest. Indeed, the ECB started the tightening cycle in July, when the central bank hiked its main benchmark rates by 50 bps, followed by one 75 bps hike in September. Back then, Lagarde warned it could be a one-off, initially supported by...
The Bank of Japan increased the amount of bonds it was planning to buy in the day's operations on Wednesday, affirming its commitment to defend its ultra-low interest rate policy amid a recent surge in yields.
Hedge funds have cut portfolio leverage this year in a conservative turn that has sucked borrowed money from global markets, adding selling pressure to stocks and bonds.
Visa Inc. saw spending growth slow the most since the depths of the pandemic as inflation weighs on consumers. Shares gained as profit exceeded analysts’ expectations.
A gauge of the dollar’s strength fell to a three-week low as traders bet the Federal Reserve will temper the pace of its rate hikes amid signs the world’s biggest economy is starting to slow.
Oct 26, 2022 - 05:41:09 PDT
Please consider Sherrod Brown's Letter to Jerome Powell asking Powell to focus on full employment, not inflation.
The average price consumers paid for new vehicles reached a record high of $48,182 in July of 2022 while the average price of used vehicles is $28,219, just below the record high set in April 2022. As seen in the graph below, prices for vehicles increased over the past two years, especially throughout 2021.
The housing market appears to be dissolving quickly. The National Association of Homebuilders sentiment index fell for the 10th straight month to 38 vs expectations of 43.
Goldman Sachs Group Inc. strategists said conditions for a trough in US equities are not visible yet as the asset class doesn’t fully reflect the latest rise in real yields and odds of a recession.
Futures Slide As Tech Giants Shed $300 Billion; Dollar Tumbles For 2nd DayOct 26, 2022 - 05:29:09 PDT
US index futures are lower this morning, set to give back some of Tuesday’s 1.6% sharp rally as technology giants’ earnings and outlook disappointed investors, stoking concerns about the industry’s profitability and raising new doubts over whether this year’s $5.5 trillion selloff is nearing a bottom.
*Please Click Here to Go to the Second Page for Current News While We Update Our ServicesOct 26, 2022 - 05:21:42 PDT
People keep saying the economy is fine. We're not in a recession. There's nothing to see here.Meanwhile, business activity contracted for the fourth straight month in October.
We have been saying the Federal Reserve is bluffing in this inflation fight because it is holding a losing hand.And Peter Schiff thinks the central bank has folded with a soft pivot. He explained why on his podcast.