Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Precious metals news
Sep 26, 2022 - 07:48:31 PDT
Japan has intervened in the Forex markets to defend the Yen. Let's discuss why that tactic will not work, and the irony of the process itself.
Sep 26, 2022 - 07:42:12 PDT
We start the week with another chapter of “The Worst Bond Bubble Burst Since 1949.” This time its the US Treasury 10yr-2yr yield curve inverted to its lowest level since 2000.
Evidence From the S&P 500, Treasury Bonds, Mortgage-backed Securities And The Unemployment Rate (Doesn’t Look Good).
The Bear-Market Rally in Stocks, Bonds, Mortgages Wiped Out - Parallel to the Dotcom BustSep 26, 2022 - 07:33:49 PDT
But this time, there’s over 8% inflation.
To Compete with Spiking Treasury Yields, Banks Now Offer 4%+ on “Brokered” CDs of 6 Months - 5 YearsSep 26, 2022 - 07:32:28 PDT
Holy-moly mortgage rates close in on 7%.
After being seduced by the notion of “transitory” inflation and falling asleep at the policy wheel, the Fed is playing massive catch-up to counter high and damaging inflation. But having fallen so far behind, it is now forced to aggressively raise rates into a slowing domestic and global economy.
Energy, Inflation Crises Risk Pushing Big Economies Into Recession: OECDSep 26, 2022 - 06:03:43 PDT
The Paris-based policy forum was particularly pessimistic about the outlook in Europe - the most directly exposed economy to the fallout from Russia's war in Ukraine.
"The real cure is to stabilize the currency. You don't have to make people poor to conquer inflation," said Steve Forbes, chair of Forbes Media.
Only state intervention can save the day, but the pain is likely to fall on ordinary citizens, say observers.
New York City’s Empty Offices Reveal a Global Property Dilemma: BloombergSep 26, 2022 - 05:52:44 PDT
t’s a situation playing out around the globe as employers adapt to flexible work after the Covid-19 pandemic and rethink how much space they need. Even as people are increasingly called back to offices for at least some of the week, vacancy rates have soared in cities from Hong Kong to London and Toronto.
Global financial firms, still smarting from multi-billion dollar losses in Russia, are now reassessing the risks of doing business in Greater China after an escalation of tensions over Taiwan.
Retirement officials predict grim results from investments in private equity and other illiquid assets.
An Arctic chill that’s blowing across western Europe through next week will be the first test of how willing people are to delay switching on the heating in a bid to save energy and ease household budgets.
Euro-area inflation probably hit another record last month, just short of 10%, keeping the heat on the European Central Bank as it considers how aggressively to raise interest rates.
China made it more expensive to bet against the yuan with derivatives, ramping up support for the currency as it slides toward the weakest level against the dollar since the 2008 global financial crisis.The People’s Bank of China said Monday it’ll impose a risk reserve requirement of 20% on currency forward sales by banks. Since August...
\Asian markets risk a reprise of crisis-level stress as two of the region’s most important currencies crumble under the onslaught of relentless dollar strength.The yuan and yen are both tumbling due to the growing disparity between an uber-hawkish Federal Reserve and dovish policy makers in China and Japan. While other Asian nations are digging deep into foreign-exchange reserves...
John Paulson became a billionaire after his hedge fund effectively shorted more than $25 billion of mortgage securities at the dawn of the global financial crisis. As he sizes up yet another frothy housing market some 15 years later, the founder of Paulson & Co. says another downturn in US home prices may be in the cards...
Week by week, the bond-market crash just keeps getting worse and there’s no clear end in sight.
U.S. Dollar Strength Continues As Global Central Banks Struggle To Keep Up With the FedSep 26, 2022 - 05:34:41 PDT
Behind U.S. dollar strength is the Federal Reserve, which is steadfastly holding to its commitment to curb soaring price inflation.
The selloff in UK assets went into overdrive on Monday, sending the pound to an all-time low, slamming government bonds and sparking talk of emergency action by the Bank of England.The market mayhem extended the damage seen on Friday in the wake of the government’s new fiscal measures, which sent investors into a panic.