Gold has all the potential to go unprecedentedly high. But silver will be gold on
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“The soft landing probability is declining by the day,” said TD Securities’ head of global rates strategy, Priya Misra in an interview. “It is possible but really needs inflation to subside soon.”
US Unexpectedly Sanctions China Officials Hours After Demanding Beijing Condemn RussiaMar 22, 2022 - 05:28:04 PDT
Apparently not content with diplomatic war on one front with Russia, the Biden administration appears ready to escalate with China following on the heels of last week's persistent accusations that Beijing was mulling cooperation with Moscow on weapons resupplies for its Ukraine operation, as well as assistance on Western sanctions evasion.
Retail sales have gone up to start the year as Americans keep spending. But what are they buying?Inflation.American consumers are spending hand-over-fist in an effort to keep up with surging prices.
GLOBAL DIESEL FUEL SHORTAGE: Supply Chain Disruptions Will Increase If Diesel Shortage SpreadsMarch 22, 2022
If the European diesel shortage worsens, the world could see continued disruptions in the global supply chain. Why? Diesel is not only a heating fuel during the winter, but is also used in European automobiles and for truck, train, and ship transport globally. Diesel prices in the United States hit ALL-TIME highs this week...
Tom Cloud discusses that if you are going to invest in Diamonds, you should invest in the highest-quality diamonds for the lowest prices. Many investors have asked me for an alternative asset besides to acquire than precious metals. For some individuals, diamonds are another excellent way to Protect Wealth...
“Another escalation around Ukraine will drive significant safe haven flows to gold, even inflation hedge moves if we see sanctions that trigger another commodity surge,” said Craig Erlam, senior market analyst at OANDA.
Mar 21, 2022 - 12:58:34 PDT
US analysts had better have had their sums right in casting out Moscow when it comes to Russian global dominance in precious metals, diamonds, and rare earths, while the US dollar continues its decline against global gold reserves by Chris Devonshire-Ellis Back in early February, just prior to the start of the Ukraine conflict...
Powell Says 'Inflation Is Much Too High' and the Fed Will Take 'Necessary Steps' To AddressMar 21, 2022 - 12:51:32 PDT
Federal Reserve Chairman Jerome Powell vowed tough action on inflation, which he said jeopardizes an otherwise strong recovery.
Despite strong jobs numbers and falling covid-19 infection rates, food insecurity remains high, with inflation driving more people to seek food assistance.
In a world where optimism and hope have dominated the investment landscape for over a decade, we should be prepared for reality to raise its ugly head. This time is not different and debt does matter. As pointed out by many economists over the years, low-interest rates and easy money, do not always result in a strong vibrant economy. Japan's failure to recover from its bubble bursting decades ago remains proof of this.
After fifty-one years from the end of the Bretton Woods Agreement, the system of fiat currencies appears to be moving towards a crisis point for the US dollar as the international currency. The battle over global energy, commodity, and grain supplies is the continuation of an intensifying financial war between the dollar and the renminbi and rouble.
Join Mike Maloney as he takes another broad look at the most serious event the world has faced for some time. Will we choose a path of enlightenment, or is this the beginning of a very dark time for humanity?
Argentine President Alberto Fernandez called on his government to implement “all necessary measures” to combat 52% inflation that’s been aggravated by the surge of global commodity prices due to Russia’s invasion of Ukraine.
The Strange Recession we are now entering is strange for another reason beside those I described last week. The last “normal” recession ended in 2009, almost 13 years ago. As with most unpleasant experiences, we don’t put a lot of energy into remembering what it was like.
State & Local Governments Dump Office Space amid Working-from-Home/Hybrid ModelMar 21, 2022 - 11:34:55 PDT
Office vacancy rates are already huge, foreclosures of office towers are piling up, and office attendance is still very low, everywhere.
"The United States thinks it has only sanctioned Russia and its banks. But the United States has sanctioned the whole world.”
Mar 21, 2022 - 11:28:16 PDT
The answer is nothing or next to nothing. Rates hikes will not impact inelastic items.
Powell's prepared remarks reinforced his remarks last week, noting that if necessary, the Fed would be open to raising rates by a more aggressive half-point at multiple meetings and to push rates into “restrictive” territory that would limit growth. The Fed hasn't increased its benchmark rate by a half-point since May 2000.
There is a common theme as inflation rages from the massive monetary interventions of 2020 and 2021. However, is "cash really trash?"
European Central Bank President Christine Lagarde played down fears about euro-area stagflation, despite Russia’s invasion of Ukraine starting to weigh on the economy while further stoking already-record gains in consumer prices.