Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Wheat in Chicago surged as U.S. drought and trade route obstacles in Ukraine threaten to tighten global grain supplies.
President Vladimir Putin said on Tuesday that Russia must keep a close eye on its food exports to hostile countries because the West's sanctions had fomented a global food crisis and spiralling energy prices.
The U.S. will tumble into a recession next year as the Federal Reserve jacks up interest rates to combat high and widening inflation, Deutsche Bank economists David Folkerts-Landau and Peter Hooper said in a report on Tuesday.
The overvaluation of the U.S. dollar might be close to its peak, while China’s currency has continued to climb even further above its so-called fair value level, according to Bank of New York Mellon Corp.
Billionaire Investor & Financial Markets Historian Ray Dalio Is Sending a Dire Warning on InflationApr 5, 2022 - 11:36:24 PDT
Dalio is dead right to have that high level of angst on all things inflation.
Some of the world’s lower-income nations face a serious debt crisis which will complicate their efforts to recover from the pandemic-induced global recession.
In the context of the Covid-19 pandemic, the global debt situation has deteriorated. Countries in all regions of the world will emerge from the pandemic with unsustainable debt levels. While it was possible to avoid a massive sovereign default wave in 2021, in many cases, this was only possible through implementing rigorous austerity measures and taking on new debt.
The $120 Billion Global Grain Trade Is Being Redrawn by Russia's War in UkraineApr 5, 2022 - 09:03:12 PDT
Across Ukraine’s farm belt, silos are bursting with 15 million tons of corn from the autumn harvest, most of which should have been hitting world markets.
Fed’s Brainard Says Inflation Is ‘Much Too High’ With Risks It Might Go Even HigherApr 5, 2022 - 08:56:57 PDT
“Currently, inflation is much too high and is subject to upside risks,” Brainard said, in a speech at a conference sponsored by the central bank’s regional bank in Minneapolis.
Fed’s Brainard Says Inflation Is ‘Much Too High’ With Risks It Might Go Even Higher: MWApr 5, 2022 - 08:56:57 PDT
“Currently, inflation is much too high and is subject to upside risks,” Brainard said, in a speech at a conference sponsored by the central bank’s regional bank in Minneapolis.
Federal Reserve Governor Lael Brainard on Tuesday said she expects methodical interest rate increases and rapid reductions to the Fed's balance sheet to bring U.S. monetary policy to a "more neutral position" later this year, with further tightening to follow as needed. "It is of paramount importance to get inflation...
Wealth tax proponents claim only super rich people would be affected. But to raise the revenue Warren, Sanders, and Biden want, they'd have to tax the "working rich"—doctors, lawyers, and other hardworking high earners.
Apr 5, 2022 - 07:47:11 PDT
CoreLogic’s Home Price Insights revealed that home prices rose 20% YoY in February despite REAL average hourly earnings declining -2.678% YoY. THAT is euphoria! Or Stimulypto, as I like to call it.
Manhattan Residential Real Estate Sales Hit a Record $7.3 Billion in the First QuarterApr 5, 2022 - 07:44:12 PDT
Manhattan residential real estate sales topped $7 billion in the first quarter, marking the strongest-ever start to a year as the market shows no signs of slowing, according to new sales data.
US Services Surveys Disappoint In March, Confirm Rise In Prices "Sharpest On Record"Apr 5, 2022 - 07:40:16 PDT
Following the mixed picture from US manufacturing surveys (PMI up, ISM down), the US Services surveys were both expected to rise in March.
Despite the biggest increase in average hourly wages for production and non-supervisory workers in 40 years, these people are actually worse off.Why?Rising prices are eating up their income gains.
Apr 5, 2022 - 06:06:16 PDT
People who speak out openly with concern about the potential death of the U.S. dollar have been written off as conspiracy theorists for the better part of the last few decades.
Apr 5, 2022 - 06:05:28 PDT
In a powerful and disruptive move, Putin has floated the idea of Western economies depositing gold with Russia to buy rubles, with which oil and gas can be purchased.
Vladimir Putin’s insistence that “unfriendly” nations pay in rubles for natural gas is just the beginning of a Russian export policy that will see fewer U.S. dollars being used in transactions for goods, especially for energy, according to the Kremlin.
The goal is "strategic autonomy" — the ability for the EU to act independently of, and as a counterweight to, the United States and the North Atlantic Treaty Organization — in matters of defense and security.