Gold has all the potential to go unprecedentedly high. But silver will be gold on
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With spreads unaddressed, conducting financial coverage would result in inflationary outcomes in Germany and deflationary ones in Italy. That is undesirable from a financial coverage perspective and works in opposition to convergence within the eurozone.
ECB Being Pulled in Multiple Directions as It Prepares First Rate Rise in a DecadeJul 20, 2022 - 05:42:41 PDT
ECB President Christine Lagarde faces a three-pronged challenge this week as she steers the currency union through a hostile landscape of surging prices, slowing economic growth and political turbulence.
The six largest U.S. banks repurchased just $5.1 billion of stock in the period, down from $17.5 billion in the first quarter and a high of $28 billion in the third quarter of last year, according to Barclays analyst Jason Goldberg. JPMorgan Chase (ticker: JPM) and Citigroup (C) told investors in the past week that they will pause their buybacks to build capital.
Forget the summer buying frenzy this year.
Corporate America has had some pretty negative things to say about the economy of late.
Inflation is off the chain. The CPI rose by 9.2% on an annual basis in June. As Ron Paul explains, everybody is feeling the pain. Even penguins.
Putin is causing inflation. Greedy corporations are causing inflation. COVID-19 caused inflation. We hear all kinds of reasons for the recent spike in prices. And now we have a new one. It's the millennials' fault.This is all wrong and it illustrates the problem with redefining inflation to be something it isn't.
Gold edged up Tuesday, but prices were stuck in a tight range as investors refrained from making big bets ahead of key central bank meetings.
Jul 19, 2022 - 13:00:20 PDT
If you were considering taking the family on a European vacation, now may be a good time, as the U.S. dollar and euro just achieved parity for the first time in 20 years.
Jul 19, 2022 - 12:56:20 PDT
The popularity of gold among Chinese consumers has bounced back recently as the price declined to the lowest point in 10 months with the gold future price in the New York Mercantile Exchange down to $1703.6 per ounce after four consecutive months.
Yesterday, GoldSilver.com Founder Mike Maloney made an investment move, which triggered an “Alert” to his exclusive “Insider” clients. And today we’re doing something extremely special. We’re releasing that same information free to the public on YouTube.
The following table from Goldman via Isabelnet, shows the basic statistics of every bear market (by their definition) in US equities since 1835. Arguably, this market has already priced in a mild recession. It has not, however, priced in an ‘average’ recession, and certainly not a financial crisis.
Many workers are not confident that Social Security will be around during their retirement. Here’s what you need to know about its future.
A lack of progress by the world’s largest economies to reduce the debt burden of the poorest nations as borrowing costs increase will cause worsening poverty rates and instability, World Bank Group President David Malpass said.
As the Federal Reserve has raised its target federal funds borrowing rate during 2022, interest rates paid to savings account depositors have lagged behind. However, since the Fed's 0.75% increase to a target rate of 1.5% to 1.75% at its … Continue reading → The post When Will Savings Interest Rates Go Up? appeared first on SmartAsset Blog.
Unnoticed by most taxpayers and touted as good news was the fact we the taxpayers of America have stepped up to the plate and bailed out hundreds of failing pensions. Much of this took place without the average citizen even knowing it occurred. Buried deep in the American Rescue Plan signed into law by President Biden in March 2021 was a provision mandating the government to bail out ailing multiemployer pension plans.
But policymakers are now warning that cheaper oil and gas are unlikely to persuade the Fed to go easy on its aggressive rate hike regime. If anything, it might get even more aggressive as inflation continues running out of control.
Food Bank Demand Rising Amid Soaring Inflation: ‘A Dollar Does Not Stretch As Far Any Longer’Jul 19, 2022 - 12:03:12 PDT
A New York City food bank executive noted that there have been new "entrants to the food insecurity space" as soaring inflation impacts millions of Americans.
Jul 19, 2022 - 10:59:05 PDT
Everything is NOT beautiful for the mortgage market. In fact, the 30-year mortgage rate is up 99% since Biden took office as President. Mortgage rates are rising in part thanks to The Federal Reserve trying to control inflation (caused by Biden’s energy policies and spending). But mortgage rates are down slightly today.
The EU is dysfunctional. It only takes one of 27 countries to block nearly anything. Hypocrites in Germany demands reform, but only as it suits Germany.