Gold has all the potential to go unprecedentedly high. But silver will be gold on
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In the coming weeks and months we will be reading headlines of large financial institutions (insurance and pensions likely) having… ahem, “liquidity issues.”
Oct 13, 2022 - 07:47:08 PDT
Globalists are pushing their cashless agenda. And the propaganda seems to work perfectly with always more people paying electronically with cards or apps. Indeed, everything is easy, fast and transparent. But what happens when the technical system collapses? This ‘perfect’ world becomes chaotic and apocalyptic, for both the buyer and the seller. In my opinion...
Strikes, Possible Blackouts and a Plunging Currency: Brits Are Being Hit by a Wave of Bad NewsOct 13, 2022 - 07:43:35 PDT
The U.K. has been beset by a wave of economic and political crises in recent months.
(Bloomberg) -- The wave of stimulus aimed at reviving China’s housing market -- billions in bank loans, interest rate cuts and support for developers -- has done little to help Echo sell her home near Shanghai.
So far 2022 has delivered corrections in both stocks and bonds. It's interesting to note that recent commentators use the word "volatility" to mean losses because it softens the bad news. We now have downside volatility, something we haven't seen since 2008.
Oct 13, 2022 - 07:12:35 PDT
Rosenberg blasted the Fed for raising rates when stocks are in a bear market, recession fears have spiked, and inflation pressures are waning.
Oct 13, 2022 - 07:02:21 PDT
ECB PRESIDENT CHRISTINE LAGARDE AT IIF EVENT: 'WE ARE SEEING A WORLD THAT PRESENTS QUITE A LOT OF THREATS'
#ecb #eurozone #christinelagarde #monetarypolicy #inflation
Biden Admin: Saudi Arabia Says US Asked For Oil-Cut Delay Until After MidtermsOct 13, 2022 - 06:50:45 PDT
In a scorching Wednesday letter, the Kingdom rejected White House criticism of OPEC+'s decision to cut oil production, and confirmed that the Biden administration attempted to coerce them into postponing the cuts until after midterms.
Oil prices fell on Thursday morning following new CPI data that showed core inflation in the United States had risen to the highest level in four decades.
A Quarter of Americans Are Expecting To Delay Their Retirement Due to Rising Consumer CostsOct 13, 2022 - 05:56:24 PDT
High inflation is quickly shaping up to be the most disruptive force to the financial health of retirees.
More than a third of Americans today feel unprepared or unsure if they are on track for retirement, according to a recent survey.
Social Security Cost-of-Living Adjustment Will Be 8.7% in 2023, Highest Increase in 40 YearsOct 13, 2022 - 05:53:43 PDT
High inflation will prompt a record Social Security cost-of-living increase in 2023. Here's what that means for benefits.
Core CPI is up 28 straight months, soaring to +6.6% YoY - the highest since August 1982...
Stock futures fell Thursday morning, erasing earlier gains, after a key consumer inflation report came in hotter than expected, signaling that the Federal Reserve will likely continue with aggressive interest rate hikes.
Oct 13, 2022 - 05:32:54 PDT
A key US inflation measure due Thursday is set to return to a four-decade high, underscoring broad and elevated price pressures that are pushing the Federal Reserve toward yet another large interest-rate hike next month.
The economic war between Russia and the West is at a delicate moment. While Europe teeters on the brink of recession, Russia is emerging from one.
Germany's consumer prices, harmonised to compare with other European countries, were 10.9% higher year-on-year in September, the Federal Statistical Office said on Thursday, confirming preliminary figures.
UK pension funds are dumping assets to meet margin calls as the BOE confirmed it will end emergency bond buying, and the reverberations are being felt everywhere from Sydney to Frankfurt and New York.
While announced as a ‘temporary’ measure to restore financial stability, the Bank of England’s move on 28 September to again buy long-dated gilts is another reminder of how central banks will struggle to normalise their bloated balance sheets.
Treasury Secretary Janet Yellen cited concerns about the potential for a breakdown in trading of US Treasuries, as her department leads an effort to shore up that crucial market.