Precious metals news

The Northrop B-2 Spirit is an American heavy stealth strategic bomber capable of carrying 16 nuclear-tipped cruise missiles. Combat load up to 27,000 kg. The first combat use of the B-2 took place during the NATO operation in Yugoslavia in 1999.

There is now a lot of handwringing on Wall Street and in the financial media about “liquidity” in the Treasury market. “Liquidity” means a gazillion things, but in this case, it probably means that there doesn’t seem to be a lot of appetite for buying, for example, 10-year Treasury securities at the current yield, and some of the auctions have seen less than stellar demand, as a lot of the big Treasury buyers have stepped away from the market, including large pension funds and life insurers, particularly in Japan. US banks have stopped adding to their $1 trillion in Treasury holdings. And the Fed is now reducing its $5.6 trillion in Treasury holdings by about $60 billion a month.

Economists and Fed experts argue the central bank is now moving too forcefully after initially missing price surges.

Is this the “Superbubble’s Final Act?” Such was a fascinating piece of commentary recently from Jeremy Grantham, famed investor and co-founder of GMO. As he states:

The rising cost of living is weighing on consumers, causing more to fall behind on their monthly bills.

OER is the price the Bureau of Labor Statistics (BLS) says one would pay to rent one's own house from oneself, unfurnished, without utilities.

IMF downgrades its growth estimate for 2023 and warns ‘the worst is yet to come’ with many people set to experience recession-like conditions.

Referred to as the “Gold Standard Restoration Act” by sound money activists, H.R. 9157 calls for the repegging of the Federal Reserve note to gold in order to address the ongoing problems of inflation, runaway federal debt, and monetary system instability.

Russia will respond to the West's growing involvement in the Ukraine conflict although direct conflict with NATO is not in Moscow's interests, Russia's deputy foreign minister said on Tuesday (11 October) after Washington pledged more military aid for Kyiv.

Realtors, mortgage brokers and appraisers across the U.S. are bracing for major cutbacks as home sales plummet amid rising interest rates.

The European Central Bank’s window for outsized interest-rate increases is closing as a recession looms and borrowing costs approach levels that no longer offer support.

China's central bank spoke out against big currency swings on Tuesday, saying it will take steps to stabilise expectations, and keep the yuan basically stable. The People's Bank of China (PBOC) also said that the yuan did not necessarily need to weaken against the dollar when the index measuring the U.S. currency's performance against a currency basket rises. \

Collateralized loan obligation prices have been hit hard by a slump in the British pound and the unwinding of U.K. pension investments.

World stocks headed back towards their lowest levels in almost two years on Tuesday, with sentiment weighed down by unease about rapidly rising interest rates, an escalation in the Ukraine war and China stepping up pandemic measures. There was some respite for Britain's battered bond market after the Bank of England said it would start purchasing inflation-linked...

Government bond prices around the world are moving in tandem, reducing investors’ ability to diversify their portfolios and raising concerns of being blindsided by market gyrations. Correlations between currency-adjusted returns on the government debt of countries such as the U.S., Japan, the U.K. and Germany are at their highest level in at least seven years, data from...

Barron’s: The U.K.’s central bank said it will widen its emergency bond buying to include index-linked gilts—bonds with borrowing rates linked to inflation—through to Friday in a bid to restore orderly market conditions. It’s the bank’s second attempt to calm the markets already this week.

Credit Suisse Group AG faces a capital shortfall of as much as 8 billion Swiss francs ($8 billion) in 2024, analysts at Goldman Sachs Group Inc. estimate, underscoring the challenges for the troubled lender as it nears what’s likely to be a deep restructuring.

Nomura’s Charlie McElligott says as leading policymakers head to Washington for the International Monetary Fund/World Bank meetings, the rest of the world is dealing with a dollar DXYsurge that is exporting inflation to everyone else, forcing their own policy tightening into recession feedback loop.

JPMorgan Chase & Co. CEO Jamie Dimon warns investors that stocks could slide much further as the Fed continues hiking interest rates.