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First it was a US demand that China vote to condemn the Russian invasion of Ukraine, then suspiciously-sourced accusations that China was to provide military equipment to China, to now a sudden new round of sanctions on China. Does Washington really believe China will act as the US proxy in the region?
Risk of Recession 'Uncomfortably High': Moody's Analytics Chief Economist Mark ZandiMar 22, 2022 - 09:10:22 PDT
MARK ZANDI: The risks of recession have risen quite considerably… With Russia invading Ukraine, the spike in oil and other commodity prices, inflation expectations have taken off here and the Federal Reserve, as we could see from [Jerome] Powell’s speech yesterday is now on high alert.
WEF Issues Ominous Warning Over Coming Food Crisis, Recommends 'More Sustainable Diets'Mar 22, 2022 - 09:06:08 PDT
So... eat the bugs and be happy?
Mar 22, 2022 - 08:58:05 PDT
This is the chart from hell as The Fed is expected to take interest rates higher.
The shortage could mean, “Firstly, a significant increase in prices and, secondly, it could mean that we will see unrest in the wider region and especially in North Africa and the Middle East,” he said at a meeting in Brussels.
Russia Slams Biden's Cyberattack Charge: 'We Don't Engage In State-Level Banditry Like The US'Mar 22, 2022 - 08:44:38 PDT
The Kremlin on Tuesday condemned the latest accusations out of Washington that it's planning major cyber attacks against the West as retaliation for US and EU sanctions, saying it doesn't engage in "banditry" on the state level like "many Western countries" and the US.
Almost half of employees are looking for a new job or plan to soon, according to a survey, suggesting the pandemic-era phenomenon known as the Great Resignation is continuing into 2022.
It's a mystery to me why anyone believes the Fed.
Mayhem in Treasury Market as Powell Adds 50-Basis-Point Hikes (Plural) to Menu, QT “As Soon As” MayMar 22, 2022 - 07:18:08 PDT
10-Year yield hits 2.31%, 30-year fixed mortgage rate hits 4.66%. And why the funny kangaroo-shaped yield curve says nothing about the economy.
With proponents of military intervention and war, it's always 1938, and every attempt to substitute diplomacy for escalation and war is "appeasement."
The Federal Reserve System manages the US’s money supply, increasing or decreasing bank credit and other circulating media to reach a target interest rate usually announced at meetings of the Open Market Committee, which meets eight times a year.
In brief, the U.S. has “weaponized” the dollar’s status as the reserve currency by imploring western Central Banks to freeze Russia’s foreign currency reserves and banking assets held at western Central Banks (China has not put a freeze on Russia’s currency reserves). This has in turn triggered a move by many of Russia’s trade partners to work around this by settling trade with Russia either in respective domestic currencies or in gold.
Washington's 'Trigger-Happy' Sanctions May Push Countries Away From the DollarMar 22, 2022 - 06:02:11 PDT
Central banks are starting to question whether reliance on the U.S. dollar is a good idea, said Gal Luft of the Institute for the Analysis of Global Security.
The Consumer Price Index hit a 40-year-high of 7.9% in February. Of course, it's even worse than that. The official government numbers are rigged to understate rising prices.But inflation doesn't just hit us with rising prices. In some cases, we pay more, but we get less. This is known as shrinkflation.
Japan's Central Bank Renews Powerful Easing Pledge After Hawkish Fed SignalMar 22, 2022 - 05:56:47 PDT
The Bank of Japan must maintain ultra-loose monetary policy as recent cost-push inflation could hurt the economy, Governor Haruhiko Kuroda said on Tuesday, highlighting a widening gap with the U.S. Federal Reserve's aggressive tightening plan. Kuroda said consumer inflation was expected to accelerate as some firms pass on rising energy and food costs to households.
Short-dated Treasuries hurtled toward their worst quarterly performance in almost four decades after Federal Reserve Chair Jerome Powell’s aggressive monetary policy comments revived the prospect of a bumper half-point rate hike.
Too much government debt is bad for many reasons, no matter how many times politicians try to portray it as government investment.
Bitcoin (BTC-USD) broke through the $42,000 mark on the news that Ray Dalio's Bridgewater Associates hedge fund is set to invest in the world's preeminent cryptocurrency.
Several central banks and the Bank for International Settlements have developed prototypes for a common digital currencies platform that has the potential to make cross-border payments more efficient.
The danger is that, with the misguided obsession over consumer prices, should they continue to accelerate, the Bank of Japan might well end up having to turn the monetary tap off suddenly. Such an abrupt deflation in money supply could have unintended consequences.