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The Gold Industry Is Testing Blockchain Technology To Track the Global Market's Supply Chain of BarsMar 29, 2022 - 06:19:32 PDT
The London Bullion Market Association and the World Gold Council said the Gold Bar Integrity Programme will use a blockchain-backed ledger to register and track the full history of gold bars from mine to vault — gold that ultimately goes to so-called end consumers such as jewelry manufacturers. The groups want to guard the market against counterfeit gold or gold that's been illegally mined.
The U.S. Treasury yield curve has been flattening, with parts of it inverting as investors price in an aggressive interest rate hiking plan by the Federal Reserve as it attempts to bring inflation down from 40-year highs.
El-Erian Warns of 'Cost of Living Crisis,' Says Fed Rate Hikes Could Cause RecessionMar 29, 2022 - 06:13:17 PDT
The Federal Reserve's efforts to fight inflation threaten to sink the U.S. into contraction, according to economist Mohamed El-Erian.
A Recession Warning Sign? Part of U.S. Yield Curve Inverts for First Time Since 2006Mar 29, 2022 - 06:11:34 PDT
Treasuries slumped anew to send a widely-watched part of the U.S. yield curve to its first inversion in 16 years. The curve is flattening as investors bet the Federal Reserve will tighten policy rapidly enough to risk a sustained slowdown in growth.
Traders are betting the Federal Reserve’s urge to hike borrowing costs aggressively in the face of surging inflation will force it to swiftly reverse course as tighter policy begins to slow economic growth.
U.S. stock futures inched higher and bond yields edged closer to flashing a recessionary warning signal Tuesday, as investors girded for a period of slower growth and higher interest rates.
Buyout activity is picking up pace in Europe, but a number of banks are taking a cautious approach to new risk, looking for higher pricing, more flex protection and in some instances fuller fees on junk-rated debt underwrites against a backdrop of heightened volatility, inflation and rising rates.
Russia and Ukraine account for roughly 30 percent of global wheat exports, while Russia is the world's top exporter of fertilizer and a vital amount of the world's wheat, corn, and barley is trapped in both countries because of the war, while an even larger portion of the world's fertilizers is stuck in Russia and Belarus.
Russia provides 29 percent of the crude oil that Europe consumes, as well as 51 percent of the oil products that the continent consumes. And Europe consumes a lot of oil and oil products despite its eager energy shift.
Saudi Arabia, the largest oil exporter, will likely boost pricing of its main crude variety to a record as the impact of Russia’s invasion of Ukraine reverberates through markets more than a month after the assault.
The war in Ukraine and China’s fresh Covid lockdowns are uniting to complicate international commerce again, just after it showed some signs of easing. The risk is that blockages mean even slower growth and faster inflation across the global economy, as Brendan Murray details here.
What Would Japan's Currency Intervention To Combat a Weak Yen Look Like?Mar 29, 2022 - 05:48:05 PDT
Japanese policymakers escalated their warning against sharp yen falls, with the country's top currency diplomat saying Tokyo and Washington agreed to "communicate closely" on currencies as the world's third-biggest economy struggled to regain its footing.
President Joe Biden believes the Ukraine war will mark the start of a “new world order.” In the middle of the COVID global pandemic, Klaus Schwab and global elites likewise announced a “great reset.”
As Sanctions 'Weaponize' US Dollar, Some Treasury Buyers Could Fall BackMar 29, 2022 - 05:44:04 PDT
U.S. sanctions against Russia should hasten a move by some countries to reduce their reliance on the U.S. dollar, which could also soften demand for Treasuries just as the Federal Reserve, the largest holder of U.S. debt, looks to cut its bond holdings. The United States and other Western nations have imposed widespread economic sanctions against Russia in response to its invasion...
Rand Report Prescribed US Provocations Against Russia & Predicted Kremlin Retaliation In UkraineMar 29, 2022 - 05:40:04 PDT
According to a 2019 Rand report titled "Overextending and Unbalancing Russia", the US goal is to undermine Russia just as it did the Soviet Union in the cold war. Rather than "trying to stay ahead" or trying to improve the US domestically or in international relations, the emphasis is on efforts and actions to undermine the designated adversary Russia. Rand is a quasi-US governmental think tank that receives three-quarters of its funding from the US military.
'We Will Come and We Will Find You': U.S. Issues Warning to Anyone Helping Russia Bypass SanctionsMar 29, 2022 - 05:33:13 PDT
The U.S. and international allies have imposed a barrage of punitive measures against Russia since the country launched its invasion of Ukraine on Feb. 24.
Russia promised at peace talks on Tuesday to drastically scale down its military operations around Kyiv and the northern Ukrainian city of Chernihiv, while Ukraine proposed neutral status with international guarantees to protect it from attack.
Ukraine Sets Ceasefire Goal for Russia Talks As U.S. Says Putin Not Ready To End WarMar 29, 2022 - 05:30:52 PDT
Ukraine said it was hoping that the first face-to-face peace talks with Russia in over two weeks, set for Tuesday, could lead to a ceasefire, but a U.S. official said President Vladimir Putin did not appear ready to make compromises to end the war.
As the ruble collapsed under the strain of economic sanctions after Russia invaded Ukraine, the Russian people turned to gold to protect their wealth.Russians went on a gold-buying spree in the first couple of weeks after the invasion.
Join Mike Maloney in today’s important video update focused on the potential for cyber attacks. See the events unfolding that have prompted Mike to prepare as thoroughly as possible for what might be in our future.