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Revised Q2 GDP Surprises With Unexpectedly Hot Personal Consumption, Core PCESep 29, 2022 - 05:59:22 PDT
Of course, the GDP data is dramatically backward looking which is why we expect the market's fascination with the stronger components to fade quickly as attention then turns to just how ugly the GDP will be in the current quarter.
Around the world, politicians are trying to bolster economies with moves not seen in decades—nationalization among them.
The Unstoppable Dollar Is Wreaking Havoc Everywhere But America: BloombergSep 29, 2022 - 05:55:18 PDT
The Federal Reserve’s focus on taming inflation is inflicting a world of pain on other economies.
Markets fell back Thursday after Truss shrugged off criticism and a public appeal by the International Monetary Fund to scrap the tax cut plans. Truss said she is willing to make “difficult decisions” to get the economy growing.
Powell's Plan Is Not Working - Initial Jobless Claims Plunge To 5-Month LowsSep 29, 2022 - 05:49:10 PDT
Fed Chair Powell will not be happy that his cunning plan to fight inflation by easing the tightness in the labor market - by raising rates and crushing the economy - does not seem to be working.
The ECB has followed the US Federal Reserve in deploying outsized rate hikes to tackle the fastest inflation since the euro was introduced. But the advances in borrowing costs coincide with rising fears of a downturn.
“It’s a Difficult Time, We’re Facing a Global Economic Crisis”: UK Prime Minister Liz TrussSep 29, 2022 - 05:40:11 PDT
New prime minister blames global economic pressure for turmoil Truss addresses fallout from fiscal package for the first time
The Bank of England’s debt purchases restored a semblance of calm to global markets. But it didn’t last long.
The Federal Reserve must keep pushing interest rates higher to contain inflation despite rising volatility in global financial markets, Chicago Fed President Charles Evans said.
Former Treasury Secretary Lawrence Summers Sees Heightened Risk of Market BreakdownSep 29, 2022 - 05:34:10 PDT
Former Treasury Secretary Lawrence Summers said that heightened volatility has raised the danger of “breakdowns” in market functioning -- although that’s not yet been seen beyond the UK, and the priority for global monetary policymakers remains containing inflation.
The thought of monetary authorities simply "winging it" while simultaneously creating and destroying trillions of dollars — often overnight — does not sit well on the Street where uncertainty pays a high price.
Do you have silver in your portfolio?You should!According to research by Oxford Economics, investors would benefit from an average of 4 to 6 percent silver allocation within a diversified portfolio. This is far below the average investor's exposure to silver.
If the Keynesians are right, Hurricane Ian will create an economic boom here in Florida. After all, breaking windows creates demand and that stimulates the economy. And after this massive hurricane cut through Florida, there were a lot of broken windows — and much worse.
To understand what will happen in the Silver Market, you need to watch this video. Unfortunately, most precious metals analysts continue to focus on the COMEX, which is now becoming irrelevant for price discovery. In this video, I prove why this is the case...
Sep 28, 2022 - 13:03:33 PDT
Recent months have seen the return of central banks as global net buyers of gold, with particularly emerging markets and developing countries stepping up their interest in the precious metal. With data suggesting central banks’ appetite for gold will only grow further, concerns over the US dollar’s reserve-currency role continue to mount.
Explore our slideshow to learn some interesting facts about the brilliantly white metal!
Triple-signed note, leading Oct. 5-7 event, is one of just two known examples A magnificent hand-signed, triple signature 1882 $100 gold
John Reade, Global Chief Market-Strategist at the World Gold Council was in India last week. In an exclusive interview with Rajesh Bhayani he said the price of gold will face headwinds in the near future.
Perhaps in the next coming trading days, the market will turn around and start moving up, in the initial part of the cycle wave z. It may take the form of a primary standard zigzag Ⓐ-Ⓑ-Ⓒ, as shown in the chart.
Gold Climbs As U.S. Dollar and Bond Yields Retreat After the BOE Moves To Buy Long-Dated Bonds: MWSep 28, 2022 - 12:48:22 PDT
However, gold prices welcomed the Bank of England’s “dramatic intervention that avoided an imminent gilts crash and sent global bond yields sharply lower,” said Edward Moya, senior market analyst at OANDA, in a market update.