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Mar 28, 2022 - 08:48:36 PDT
How the tables have turned. A high-level US delegation visited Venezuela on March 5, hoping to repair economic ties with Caracas. Venezuela, one of the world’s poorest countries partly due to US-Western sanctions is, for once, in the driving seat, capable of alleviating an impending US energy crisis if dialogue with Washington continues to move forward.
Mar 28, 2022 - 08:46:39 PDT
The warning comes as UK inflation hit a 30-year high as household budgets tighten amid the cost of living crisis.
Bond Massacre, Inflation Prick Biggest Bond Bubble in History: The Wolf Street ReportMar 28, 2022 - 08:25:08 PDT
The dollar’s role as dominant global reserve currency is at risk if the Fed fails to crack down on inflation.
Mar 28, 2022 - 08:22:16 PDT
Inflation under President Biden (aka, Bidenflation) has hit 7.9%, the highest in 40 years. And no Joe, the inflation surge was well underway before Russia invaded Ukraine on February 24, 2022.
As The Federal Reserve is allegedly going to try to fight inflation by raising their target rate, the 30-year mortgage rate has risen from 2.88% on Biden’s inauguration to 4.56% today.
Mortgage Rates Are Rising Much Faster than Treasury Yields. What’s the Deal?Mar 28, 2022 - 08:21:04 PDT
Is the spread heading to what happened in the 1970s and 1980s when the Fed battled blow-out inflation?
The Food and Agriculture Organization (FAO) of the UN announces record food prices. Here's what to do about it.
The steepest global bond rout of the modern era is extending as investors dump fixed-income assets on concern that aggressive central bank policy tightening will push the global economy into a recession.
Mar 28, 2022 - 08:06:49 PDT
n part one of Jim Rickards' discussion with our Daniela Cambone, the NYT best-selling author said "the coexistence of economic sanctions and kinetic warfare is nothing new." The rising tensions between the United States and Russia did not brew overnight, Rickards continues. Ukraine should be a "buffer state and should be neutral," Rickards says, emphasizing that economic sanctions not only punish Russian citizens, but also punish American citizens.
The expected return from a roulette spin is negative: -5.26%. An operation that has a negative expected return is not an investment. It’s not even an intelligent speculation. It’s simply a gamble. Of course, you might get lucky, but on average you won’t. If you insist on playing anyway, the last useful resort is to follow the advice of Baltasar Gracian y Morales: “Quit while you’re ahead. All the best gamblers do.”
Gold was flat at $1,955 an ounce in early Asian trading on Monday, but will continue to be up around 2.5% on the month.
In other words, Russia is happy to accept your national currency — yuan, lira, ringgits or whatever — or rubles, or “hard currency,” and for them that no longer means U.S. dollars, it means gold.
Russian Cenbank To Restart Buying Gold From Banks, Will Pay Fixed Price From March 28Mar 28, 2022 - 06:11:22 PDT
The Russian central bank will restart buying gold from banks and will pay a fixed price of 5,000 roubles ($52) per gramme between March 28 and June 30, the bank said on Friday.
Russia has an estimated $132 billion in gold stockpiles, roughly 20% of the holdings in the Russian Central Bank, thanks to heightened buying activity since the 2014 annexation of Crimea. Those reserves, coupled with Russia’s $630 billion in foreign exchange reserves, can help finance its war machine.
A Middle East Geopolitical Realignment Accelerates to Confront and Contain Iran Mar 28, 2022 - 06:03:47 PDT
A first-ever diplomatic summit of Arab, Israeli and American foreign ministers illustrates the new relationships being built across the region as the U.S. rethinks its security role in the Mideast and Russia and China seek to exploit openings left by Washington.
As Peter Schiff put it in a recent podcast, government solutions make every problem worse.The solutions being floated to help Americans deal with high gas prices are no exception.
As Moscow’s forces meet fierce resistance in Ukraine, Western capitals worry the Kremlin could turn to so-called tactical nuclear arms.
Mar 28, 2022 - 05:54:55 PDT
The American president made the remarks in an emotional address in Warsaw. Shortly afterward, however, White House officials said he wasn’t calling for regime change in Russia. In response to Biden’s remark, Dmitry Peskov, a Kremlin spokesman, told Reuters, “that’s not for Biden to decide. The president of Russia is elected by Russians.” Earlier, Biden labeled Putin a “butcher”...
The war in Ukraine and Russia's effective exclusion from the global currency system could be an opportunity for China to raise the profile of its currency in a challenge to the U.S. dollar, a senior Taiwanese security official said on Monday.
Mortgage rates hit the highest level since Feb-2019, with inflation, geopolitics, and market sentiment towards FED monetary policy driving rates northwards.
As the worst quarter for emerging-market dollar bonds in 24 years comes to an end, a deep divide is opening up between commodity haves and have-nots, with investors focusing their hopes on exporters in the Middle East and Latin America.