Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Stock-Market Strategist Says Coming Recession Could Be the Biggest Ever: ‘I Recommend Prayer’: MWOct 4, 2022 - 05:40:52 PDT
'I’m about as bearish as I’ve been since 2008,' says Hedgeye's Keith McCullough. He's steering investors to cash, gold and other defensive plays.
With stock markets staging a strong rally, Credit Suisse Group AG strategists have a message for investors: sell into it.
Stocks Will Continue Falling Even After Fed Pivots, Warns Morgan Stanley: MWOct 4, 2022 - 05:37:39 PDT
Morgan Stanley Chief Equity Strategist Mike Wilson on Monday is doubling down on his call for stocks to continue falling into the end of 2022.
Oct 4, 2022 - 05:25:30 PDT
The debt crisis is here, Nouriel Roubini says. Expect central banks to wimp out in their fight against inflation as financial distress deepens...
U.S. stock futures charged higher Tuesday morning as Wall Street looked to build on momentum from the previous session’s rally.
The United Nations Conference on Trade and Development (UNCTAD) got it half right.The UN agency warned that there is a high risk of a global recession due to central banks tightening monetary policy to fight inflation. But the solutions offered reveal that the UNCTAD has no idea what causes inflation.
It turns out that only one state has provided all the growth in the U.S. shale oil industry... and it's not Texas. With two of the largest shale oil fields located in Texas, you would think it would be a dead giveaway as the leading driver in production growth. So, if not Texas... then who...
The WGC stated the following: “The fact that gold has performed as well as it has, all things considered, is a testament to its global appeal and more nuanced reaction to a wider set of variables.”
Oct 3, 2022 - 12:53:43 PDT
Investors poured money back into precious metals stocks over the past week on the heightened risk of a policy mistake, particularly as other central banks struggle with their devalued currencies.
Gold prices jumped more than 2% on Monday boosted by a dip in the U.S. dollar and bond yields, as recent lows enticed investors and also sparked a rally in silver in potentially its best day since late-2008.
U.N. Calls On Fed, Other Central Banks to Halt Interest-Rate Increases: WSJOct 3, 2022 - 12:48:05 PDT
The Fed’s rate increases so far this year would reduce poor countries’ economic output by $360 billion over three years, and that further policy tightening would do additional harm, a U.N. agency warns.
Central Bank Ponzi Creates "Massive Turbulence, Permanent Distortion": Nomi PrinsOct 3, 2022 - 12:36:40 PDT
Three-time, best-selling book author Nomi Prins says the reason why there is so much uncertainty and chaos in the global economy comes down to one simple theme, and that is a couple of decades of central bank money printing has created the biggest Ponzi scheme the world has ever seen.
Shortages, Gluts, Deflation: The Bottlenecks In The Economy Are Breaking..
Corporate bonds are starting to show signs of meltdown.
Global de-risking/deleveraging has taken A Threatening Turn. It’s no exaggeration to write that the UK pension system was this week at the brink of spectacular collapse, with confidence in policy and market function hanging in the balance.
The housing market is finally getting unglued: less than a week after Case Shiller (which reports home prices with a substantiakl laga) reported the first negative monthly change in home prices...
(Bloomberg) -- Funding markets are likely to end the year under stress as banking regulations collide with central-bank tightening and the traditional need to square off positions toward the end of December.Most Read from BloombergCredit Suisse Turmoil Deepens With Record Stock, CDS LevelsTesla Slumps as Deliveries Disappoint Due to Shipping SnarlsOPEC+ Set to Discuss 1 Million-Barrel Output Cut as Demand SlowsCredit Suisse Market Turmoil Deepens After Memo BackfiresStocks Stage Oversold Comebac
U.K.’s Central Banker Struggles With Inflation, a Financial Crisis and His Own Government: WSJOct 3, 2022 - 11:49:58 PDT
Bank of England Gov. Andrew Bailey intervened in bond markets but must also tamp down inflation that could reach 11% this year; government backtracks on tax plan.
It was not always the case that currency was issued by a monopoly. There was a time when bank notes were issued by individual banks, and were redeemable for some type of precious metal. These sorts of arrangements had varying degrees of success. For example, in Scotland, free banking seemed to work rather well. The free banking period in the U.S. was not quite as successful, but the costs are often overblown and the problems with this system seemed to have more to do with government regulation than some sort of inherent flaw.