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Western Elites' "Sanctions Fever" Will See Common People "Freeze" & Wreck Lives: PutinSep 7, 2022 - 08:27:50 PDT
"Let them come to their senses," Putin emphasized. And yet in remains that "The EU authorities are denying European businesses accessible raw materials, energy and markets." And so plummeting standards of living and the rising inflation now being experienced by Europeans - especially headed into the Winter months - will continue to be sacrificed to American interests until these leaders do finally come to their sense, the Russian leader explained.
Any city whose lifeblood ultimately depends on hyper-globalization and hyper-financialization will no longer be viable.
"Central Banks Need To Be Targeting MWh And Tonnes Of Production Soviet Style, Not Inflation"Sep 7, 2022 - 08:24:04 PDT
... get that right, and get moderate inflation. Target just inflation, which you cannot control, and which governments are only pretending they can, and you won’t end up with macro-stability or low inflation.
Water Is Now Seen as a Precious, Vital and Scarce Resource in the Global Energy SectorSep 7, 2022 - 08:00:16 PDT
There have been concerns about how low water levels will affect the supply of some energy sources.
Europe's Nightmare: Energy Bills To Rise By €2 Trillion, Will Reach 20% Of Disposable IncomeSep 7, 2022 - 07:58:52 PDT
We got a very shocking sense of the staggering numbers involved in the existential, crippling European crisis earlier today when Norwegian energy giant Equinor echoed what Zoltan Pozsar said in March, warning that “European energy trading risks grinding to a halt unless governments extend liquidity to cover margin calls of at least $1.5 trillion."
Russian President Vladimir Putin said the West's sanctions were short-sighted and a danger for the entire world which he said was increasingly turning towards Asia.
Sep 7, 2022 - 07:47:17 PDT
The mortgage and housing markets are punch drunk after excessive monetary stimulus since last 2008 and the advent of Fed QE. As The Fed takes away the massive monetary punch bowl, mortgage rates have risen to the highest since November 2008. And with the withdrawal of monetary stimulus (raising Fed Target Rate), mortgage purchase applications have declined.
Sep 7, 2022 - 07:36:49 PDT
The monetary noose tightens on the housing and mortgage markets. Mortgage applications decreased 0.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 2, 2022. They are now the lowest since 1999.
Will It REALLY Happen for Silver? 3 Things I Told the Silver Symposium AudienceSep 7, 2022 - 07:27:08 PDT
2022 was supposed to be a BIG year for silver. After all, many analysts projected silver would be at much higher prices by now, Mike Maloney bet his life on triple-digit silver, and yours truly predicted the next silver spike would occur when inflation spiked (meanwhile it’s doing the exact opposite).
Sep 7, 2022 - 05:59:06 PDT
Demand for gold has remained strong amid global geopolitical uncertainties and a weakening economic outlook. Qatar Central Bank was largest buyer of bullion, adding 15 tonnes of gold to its official reserves in July
Sep 7, 2022 - 05:46:47 PDT
The global economy is at risk of stagflation with high rates of inflation, debt and interest rates at the same time as low growth. If the Russia-Ukraine conflict is prolonged, it will definitely further aggravate global shortages of energy and food, which will trigger a global economic crisis on a scale similar to that seen in 2008, former World Trade Organization (WTO) deputy director-general...
European Central Bank Could Unleash a Jumbo Rate Hike As the Economy Slides Toward RecessionSep 7, 2022 - 05:44:34 PDT
Inflation in the euro zone hit 9.7% in August and with the continued pressure on energy prices it's expected to reach double-digit levels in the coming months.
The BOJ said it would buy 550 billion yen ($3.8 billion) of five-10 year bonds at its regular operations, up from 500 billion yen scheduled. The move comes as Japan’s benchmark 10-year yield hit 0.245%, approaching the 0.25% upper limit of the BOJ’s tolerated trading band.
While global ripples from Fed tightening aren’t new, this is the first episode in recent years where serious dollar strength has been more notable against developed-nation currencies.
The dollar could rally a lot further if Federal Reserve Chair Jerome Powell really is determined to channel a much-admired inflation-busting predecessor, Paul Volcker.
Rising U.S. rates and Russia sanctions add fuel to Beijing's push away from dollar.
Sep 7, 2022 - 05:32:25 PDT
The US dollar index (DXY) surpassed the 110 mark milestone, its highest level since June 2002, as the US economy continues to display signs of strength and market participants anticipate a sustained pace of rate hikes from the Federal Reserve.
“The demonstrations in Prague and Germany are only the beginning. The price of gas and consequently of electricity are driving the European citizens mad with anger and it will worsen,” French economist Charles Gave told Sputnik.
Europe’s Stocks Could Fall Even Further as Energy Crisis Intensifies, Morgan Stanley SaysSep 7, 2022 - 05:23:16 PDT
Graham Secker, chief European stocks strategist at Morgan Stanley, says analysts' earnings estimates are much too high considering the energy crisis and likely recession.
The Stock Market Has Been in Free Fall, Morgan Stanley Says Buckle Up for Another DropSep 7, 2022 - 05:20:03 PDT
Morgan Stanley has been warning all year about “fire and ice” in the stock market, and it sees the potential for another 20% lurch lower.