Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
Bob Michele, the outspoken chief investment officer of J.P. Morgan Asset Management, has a warning: the relentless dollar could forge a path to the next market upheaval.Most Read from BloombergHere’s How Weird Things Are Getting in the Housing MarketThis Is What 7% Mortgages Will Do to the Housing MarketScreening Procedure Fails to Prevent Colon Cancer Deaths in Large StudyCathie Wood Warns of ‘Serious Losses’ in Automobile DebtIt’s Official: The Fed’s in the RedMichele has been
Former Federal Reserve Chair Ben Bernanke, who won the Nobel Prize in Economics on Monday for his research on financial crises, urged policy makers to watch for any worsening of financial conditions around the world as pressures from war and currency fluctuations squeeze economies.
Here Comes The Open Revolt: A Reeling Europe Lashes Out At The Fed For "Bringing Us To A World Recession"Oct 11, 2022 - 05:25:33 PDT
As a result of the Fed's relentless tightening blitz, which on November 2 will have hiked rates by 75bps on four occasions in just 96 trading days, the fastest tightening campaign since Volcker, both US capital markets (the S&P 500 is down -24%, for the 4th worst year on record, only 1931, 1974, and 2002 were worse; and 10Y TSYs are down -17% for the worst year on record... 1987 second worse, and bonds were down -10%) and the US economy have been left reeling.
The unwind of the Federal Reserve’s balance sheet is running at its maximum capacity, though just how long it could go depends on whether global bond markets can continue to function without incident.
U.S. equity futures slumped in the early trade Tuesday, while Treasury yields pushed higher as a rout in the stock and bond markets persisted.
Credit card debt continues to spiral higher as consumers struggle with rising prices and depleted savings.In August, revolving credit increased by a staggering 18.1% as total consumer debt surged to a record $4.68 trillion, according to the latest consumer credit data from the Federal Reserve.
SILVER MINE SUPPLY AT LEADING COUNTRIES SUFFERS BIG DECLINES: What Happened?? Supply Was Forecasted To Grow In 2022October 11, 2022
Due to significant declines in silver mine supply from some leading countries, forecasted growth looks more like a downturn in global production this year. The Industry was looking for the continued silver mine supply growth of 7% for 2022, but will likely experience a decline...
There’s a global migration underway in the gold market, as western investors dump bullion while Asian buyers take advantage of a tumbling price to snap up cheap jewelry and bars.
Paul Krugman has warned the Federal Reserve is at risk of going too far in fighting inflation, causing unnecessary economic damage. The Nobel Prize-winning economist has also predicted an eventual return to near-zero interest rates once price increases are brought under control.
Fed’s Inflation Fight Has Some Economists Fearing an Unnecessarily Deep Downturn: WSJOct 10, 2022 - 12:13:52 PDT
Rapid rate increases provide less time for central bankers to study their economic effects.
Oct 10, 2022 - 12:11:54 PDT
What we saw happen in the UK last week is the first shock, not the last, and all the massive pension funds and asset owners who have turned themselves into shadow hedge funds, full of swaps and leverage through the sweet whispers of Wall Street Wormtongue, will be our undoing. Read more
Cathie Wood, whose investment funds have been hammered this year by the selloff in technology stocks spurred by the Federal Reserve’s interest rate increases, wrote in an open letter that the Fed has raised the risks of a global deflationary bust.
Everywhere you turn, the biggest players in the $23.7 trillion US Treasuries market are in retreat.From Japanese pensions and life insurers to foreign governments and US commercial banks, where once they were lining up to get their hands on US government debt, most have now stepped away. And then of course there’s the Federal Reserve, which a few weeks ago upped the...
The Bank of England sought to ease concerns about this week's expiry of its programme designed to calm turmoil in the government bond market, announcing new safety-net measures including a doubling of the maximum size of its debt buy-backs.
Inflation ticks back up … the Fed shows no sign of dovishness … Wall Street still doesn’t buy it 100% … the Fed is destroying the global economy … what to watch next On Friday, the Fed’s preferred inflation gauge came in hot, raising a few eyebrows about the level of the upcoming Consumer Price Index.August’s Personal Consumption Expenditures Price Index excluding food and energy rose 0.6% after being flat in July.Here’s CNBC with the details: [The 0.6% reading] was faster than the 0.5% Dow Jone
Over-Aggressive Fed Risks Triggering Deeper Recession, NABE Survey ShowsOct 10, 2022 - 11:28:17 PDT
The biggest threat to the U.S. economy over the next year is an overly aggressive Federal Reserve that risks triggering a painfully deep recession with the tightest monetary policy in decades, according to a new survey released Monday.
Fed’s Vice Chair Nods to Global Risks but Stays Focused on Inflation: NYTOct 10, 2022 - 11:26:28 PDT
Lael Brainard said that the Fed’s policy would need to restrict the economy “for some time” to wrestle inflation back down.
Fed’s Evans Says Fighting Inflation Is the Top Priority Even if That Means Job LossesOct 10, 2022 - 11:25:21 PDT
Chicago Fed President Charles Evans said the central bank is holding fast in its commitment to bring down inflation.
Oct 10, 2022 - 11:20:45 PDT
A new report takes an illustrative look inside the Small Business Administration, which was clearly overwhelmed by the obligation to push unprecedented piles of money out the door quickly.
"Rather than crowding out the private sector with a CBDC, the government should let a thousand payment mechanisms bloom." ~ William J. Luther