Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Nonbank lenders in particular are laying off staff, selling servicing rights and otherwise trying to survive
May 26, 2022 - 05:44:35 PDT
The US Q1 GDP report is due out tomorrow morning. The forecast is for -1.3% decline in GDP. The Atlanta Fed GDPNow real-time GDP tracker is for 1.806% for Q2. If this holds, then recession fears wi…
As BofA notes, the lower the unemployment rate gets, the harder it is for the Fed to stop inflation without triggering a recession. That would not only bad for the overall economy, but is particularly bad for less advantaged parts of the population.
US corporate profits fell in the first quarter by the most in almost two years as some companies struggled to offset surging costs, while the overall economy shrank in the period.
Chinese Premier Li Keqiang warned of dire consequences if officials don’t move decisively to prevent the economy from sliding further, saying a contraction in the second quarter must be avoided.
U.S. equity futures rose Thursday as traders weighed Federal Reserve minutes that struck a less hawkish note with downbeat remarks on China’s economy by Premier Li Keqiang.
According to the seasonally adjusted data, M2 contracted by $83B in April. The Money Supply analysis last month highlighted the slowing money supply growth rate, but this is the first contraction seen since January 2010.
There is all kinds of spin out there when it comes to inflation. Peter Schiff recently appeared on News Nation to talk about the economy. He explained that the spin misses the mark. The real source of inflation isn't the pandemic or Putin. It's the Federal Reserve.
With Europe facing a massive recession and continued weakness in the Euro Currency, Germans purchased the most physical gold investment in the past decade. Not only has German gold bar and coin demand reached record levels, but they are now right behind the first-place Chinese. We may even see German...
Commodities Go Back to the 70s, Repeating the Same Stagflation Trade: Deutsche BankMay 25, 2022 - 13:18:04 PDT
How should investors position for stagflation? Economists at Deutsche Bank can already see similar patterns between how different assets performed in the 1970s and how they have been doing today. Commodities are the only asset class to see relatively consistent gains.
May 25, 2022 - 13:16:02 PDT
The latest "In Gold We Trust" report has been published, indicating that gold is still on track to end the year above $2,000.
Retail investors were enthusiastic buyers of cryptocurrencies last year. A global study by Hall Partners shows that cryptos were one of the most popular investments in 2021, with 31% of respondents investing in them over the first 10 months of the year.
The coin is a private commission for a UK collector and features a bespoke commemorative design.
One of the notable features of the May FOMC statement is that unlike back in March, it came with no projection materials. But that doesn't mean that the Fed staff did not discuss - and revise - their economic and inflation forecasts.
Is the Fed pretending the economy is strong or are they as clueless as they sound. The latter will lead to a policy error in the opposite direction.
Average U.S. pump prices rose to a record of $4.599 a gallon on Tuesday, May 24, 51% higher than the same time last year, data from AAA show. In California, prices are more than $6 a gallon.
UST 2s & Euro$ Futures *Whites* Both Ask, Landmine At Last?: Jeffrey P. SniderMay 25, 2022 - 12:22:29 PDT
The more 2s yields drop, the further up the curve into the whites the eurodollar futures inversion spreads, the more you know what’s going wrong has turned into (more of) an immediate problem. Landmine at last?
The European Central Bank has warned that some companies in the euro area are at greater risk from a combination of rising commodity prices and lower economic
The Bank of England needs to tighten policy further to fight rising inflation, but it’s also wary of acting too quickly and risking pushing the UK into recession, according to Chief Economist Huw Pill.
Americans are becoming less supportive of punishing Russia for launching its invasion of Ukraine if it comes at the expense of the U.S. economy, a sign of rising anxiety over inflation and other challenges, according to a new poll.