Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Central bankers face a tougher economic landscape than they have seen in decades and will find it harder to stamp out high inflation, senior multilateral officials and monetary policymakers have warned.
You might expect high-income households to fare relatively well during challenging economic periods. But they too are changing the way they spend as inflation eats away at purchasing power.
The dollar shot higher on Monday, briefly scaling fresh 20-year highs against a basket of other currencies, as Federal Reserve Chair Jerome Powell signalled interest rates would be kept higher for longer to bring down uncomfortably high inflation. The dollar index, which measures the currency's value against a basket of peers, scaled a fresh two-decade peak of 109.48...
The price of bitcoin dipped below the $20,000 level over the weekend, after Federal Reserve Chairman Jerome Powell warned on Friday that interest rates will keep rising.
Europe Is Now "Powerless" And Its Inflation And Recession Are About To Get Even More BrutalAug 29, 2022 - 05:40:42 PDT
In yesterday’s daily, we noted how an increasing number of US households is struggling to pay their utility bills. Yet, this situation pales in comparison to the price hikes that European consumers are facing. As a case in point, the OFGEM, UK’s energy regulator, lifted the energy price cap to £3,549 as of 1 October (from £1,971), adding a warning that prices could get “significantly worse” through 2023.
Powell’s 8-Minute Speech Erases $78 Billion From Richest Americans: BloombergAug 29, 2022 - 05:35:55 PDT
Elon Musk’s saw $5.5 billion erased from his wealth. Jeff Bezos lost $6.8 billion, the most of anyone on the Bloomberg Billionaires Index. The fortunes of Bill Gates and Warren Buffett declined by $2.2 billion and $2.7 billion, respectively, while Sergey Brin’s was knocked below $100 billion.
German Finance Minister Christian Lindner said the government needs to address soaring power prices “with the utmost urgency,” as a leading economist warned of a “gigantic shock” looming for Europe’s biggest economy.
As inflation climbs in the U.S., rising food and energy costs have pushed the nation’s most popular price index to its highest level in four decades. WSJ’s Gwynn Guilford explains how the consumer-price index works and what it can tell you about inflation. Illustration: Jacob Reynolds
This month, as the dollar hit levels not seen nearly 20 years ago, analysts invoked the old Tina argument (there is no alternative) to predict more gains to come. for the mighty greenback.
Global bonds sold off as investors responded to central bankers signaling they will increase interest rates as much as necessary to bring down inflation.
Aug 29, 2022 - 05:27:48 PDT
‘Even if we enter a recession, we have little choice but to continue the normalization path,’ Isabel Schnabel told the U.S. Federal Reserve’s Jackson Hole Economic Symposium...
Aug 29, 2022 - 05:25:53 PDT
Christine Lagarde stressed that people need to take into account that “climate disasters” affect price stability a great deal.
Bank of Japan Governor Haruhiko Kuroda said inflation will turn lower in his country later this year and next, leaving him “no choice” but to keep easing monetary policy.
Fed Chair Powell ‘Firmly and Resolutely’ Conveyed Inflation Priority: IMF OfficialAug 29, 2022 - 05:23:12 PDT
IMF Deputy Managing Director Gita Gopinath joins Yahoo Finance Live to discuss Fed Chair Powell's Jackson Hole speech, the outlook for global economic growth, and market risks in China and emerging markets.
U.S. stock futures sank lower to start the week, extending a sell-off that began Friday after a hawkish speech by Fed Chair Jerome Powell at the central bank’s gathering in Jackson Hole.
Jerome Powell delivered his much-anticipated speech at Jackson Hole on Friday. He continued with the hawkish talk we've been hearing in recent weeks, pledging the Fed will “use our tools forcefully” to attack inflation. Powell even promised some pain. As Peter Schiff discussed in his podcast, the markets immediately delivered on the promise of pain. But the question remains: do Powell & Co. really have the pain tolerance they claim?
Last week, President Joe Biden announced a student loan forgiveness scheme. Peter Schiff appeared on NewsMax Real America with Dan Ball to talk about the cost of forgiving student debt and the growing recession.Peter said that despite all of the claims to the contrary, this is just going to add to the inflation problem.
With the Green Energy Lobby continuing to attack the West, they seem to be ignoring the 50-ton brontosaurus in the room... China. As China is forecasted to hit a record amount of coal production this year, don't count on this to continue for long. Without diesel imports, China's coal production wound grind to a halt...
In this webinar, Lance Roberts & his team from Real Investment Advisors (Danny Ratliff & Richard Russo) provide an in-depth presentation of success strategies for retirement planning. They also field Q&A from the live audience.
METALS & MARKET UPDATE AUG 27th: Bear Market Selloff Continues & Important Dynamics Taking Place In Silver MarketAugust 27, 2022
For the Bulls, who thought the broader indexes were heading to new highs, the Bears returned as the market sell-off commenced on Friday. I expect this will continue next week until we fall 40-50% from the highs over the next year. However, there are some interesting dynamics taking place in the silver market...