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]Argentina’s central bank held its benchmark interest rate at 52%, even as inflation accelerated to its fastest pace in 30 years, and set a reference range for monetary policy.
The European Central Bank will unveil an unlimited bond-buying tool next week to help markets better adjust to steeper and faster interest-rate increases than previously thought
Copper tumbled to a 20-month low as industrial metals succumb to mounting worries that a global recession will hurt demand.
She said the International Monetary Fund's new Integrated Policy Framework released in March could help countries analyze their policy options and tradeoffs, and allowed a wider set of policy tools to allow countries to meet domestic objectives.
For all the volatility whipsawing the US bond market, traders are showing increasing confidence that the alarm bells warning of a recession will only get louder.
Consumers are trading down to lower priced items and generic brands. They're also pushing back against "luxury" foods — or higher end goods, he said.
China's economic growth slowed sharply in the second quarter, highlighting the colossal toll on activity from widespread COVID lockdowns and pointing to persistent pressure over coming months from a darkening global outlook.
Mounting signs of stress this week in an industry that accounts for about a quarter of the world’s second-largest economy have roiled China’s credit markets, dragged down the nation’s bank stocks and pummeled commodities from iron ore to copper.
It happened again. The CPI data for June came in hotter than expected. Prices rose at the fastest pace in this inflationary cycle. That pushes the Fed ever closer to having to make a very difficult choice. In this episode of the Friday Gold Wrap, host Mike Maharrey breaks down the most recent CPI data and talks about the "Sophie's choice" facing the Federal Reserve.
If you think LNG energy is the next best thing to Sliced-Bread, then don't watch this video... LOL. As I have mentioned in past interviews, LNG is a White Elephant Disaster in the making. Unfortunately, the industry and market have been hoodwinked by the LNG industry, which really isn't making any money...
BONDS FLASHING WARNING SIGN - Why NOW Is the Time to Be a Crisis InvestorJul 14, 2022 - 14:44:34 PDT
The bond market is flashing a big warning sign...For the first time in 40 years, the annualized real yield of bonds is negative. That means bonds, typically viewed as a “safe” investment, aren’t protecting investors' portfolios like they used to.
Jul 14, 2022 - 13:59:42 PDT
Here at the mid-point of 2022, investors are assessing the terrible first half of the year and wondering what the second half will bring. And as we peer ahead right now, the stormclouds outnumber the sunbeams. Measured inflation remains hot. And recession and stagflation are on everyone's lips -- it seems a foregone conclusion to many at this point.
Jul 14, 2022 - 13:15:39 PDT
While those of us who served there in the military may have seen the secure and secret building that houses gold, many Americans are not aware of the precious metal residing in Fort Knox, Kentucky. The Fort Knox gold vaults are sometimes called the “bullion bunker.” Operated by the U.S. Treasury, the amount of
Big hedge funds like Moore Capital Management and Tudor Capital Corp. were so important to JPMorgan Chase & Co. that its precious-metals traders routinely manipulated gold and silver markets to get the best prices on client orders, a former trader for the bank told a Chicago jury.
Jul 14, 2022 - 12:59:03 PDT
That has raised the risk of a hard economic landing before yearend and further turmoil in financial markets.
...question is the bigger one: can a thrice-leveraged system ever really deleverage, without suffering a full-blown crisis (that is, mass default)? After all, growth is unlikely to provide an exit route. And while inflation is “a potential route for reducing debt relative to GDP”, as the JPMorgan report notes, that only works if inflation “is unanticipated and does not drive up interest rates”. Therein lies the challenge for central bankers — and the huge philosophical question hanging over our 21st-century global economic system.
Dimon Rips Fed Stress Test as ‘Terrible Way to Run’ Financial System After His Bank Halts BuybacksJul 14, 2022 - 12:38:52 PDT
JPMorgan Chase CEO Jamie Dimon didn't mince words when it came to the regulatory process that forced his bank to suspend its stock buybacks.
Jul 14, 2022 - 12:32:33 PDT
JPMorgan CEO Jamie Dimon doubled down on an earlier warning about the possibility of an economic downturn Thursday in a post-earnings call with reporters.
Wall Street's biggest banks sounded cautious on economic headwinds ahead, reducing risk in certain areas as they assess the likelihood and severity of recession, with JPMorgan's Jamie Dimon likening the environment to a coming "storm."
Two new analyses from Federal Reserve staff have concluded that strains in the U.S. Treasury market could complicate the central bank's plans to reduce its balance sheet by amplifying the effect of those reductions on financial markets and raising interest rates more than anticipated.