Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Critically, what stands the current crisis out from that of the 1970s is that it involves every commodity – energy, metals and agricultural subgroups
The Bulletin Science and Security Board condemns Russia's invasion of Ukraine, which has brought a nightmare scenario to life, with Russian President Vladimir Putin threatening a first use of nuclear weapons if NATO steps in to help Ukraine. This is what 100 seconds to midnight on the Doomsday Clock looks like.
Global financial conditions have reached their tightest since May 2009, according to a widely watched Goldman Sachs index, a possible sign of a world economic slowdown. Financial conditions reflect the availability of funding in an economy and, perceived as strongly correlated with future...
On Friday, the United States prohibited the exportation, re-exportation, sale, or supply, directly or indirectly, from the United States, or by a United States person, of US dollar-denominated banknotes to the Russian government or any person located in Russia.
US President Joe Biden on Friday vowed that Russia would pay a "severe price" if it used chemical weapons in Ukraine, while also pledging to avoid provoking Moscow into "World War III."
Credit is “cracking" are the ominous words that BofA strategist Michael Hartnett chose to describe the bond markets currently, and it is a very ugly picture indeed - for both price... and flows.
Mar 11, 2022 - 11:56:51 PST
It is a familiar tactic on pork spending. You can hide an entire drove of pigs behind a single redeeming budget item.
With prices skyrocketing, the expected finger-pointing has arrived. While there's plenty peripheral blame that is certainly warranted, problems are not solved by tinkering with the periphery. You solve problems by going directly to the source. The root source of inflation is always The Federal Reserve, for it has the unconstitutional power of counterfeiting dollars out-of-thin-air. Until this immoral practice is addressed and forbidden, the problems of inflation will never be solved.
Jim returns here in Part 2 to explain why he thinks commodities are the best refuge for capital today given what he sees coming. He still sees them as "cheap", despite the recent price advances many key resources have already experienced this year.
Full faith and credit in fiat currencies is bound to evaporate, repeating on a global scale what happened in John Law’s France in 1720.
Only 18% Of Americans Say Their Wages Are Keeping Pace With Soaring InflationMar 11, 2022 - 08:30:32 PST
This number will get far, far worse next month when the full impact of the biggest energy supply shock since the 1970s oil crisis hits front and center.
Inflation Was Deepening Even Before Ukraine. What's Coming Now? Over to the Fed: BloombergMar 11, 2022 - 08:23:34 PST
Just for a day, we took a step into the past. Data released Thursday on consumer price inflation and wage rises in the U.S. predate Russia’s invasion of Ukraine. It gives an X-ray of where the U.S. economy stood before that epic geopolitical shock stole all the attention.
The federal government collected a record $1,806,838,000,000 in total taxes through the first five months of fiscal 2022 (October through February), according to the Monthly Treasury Statement released today.
UMich Sentiment Slumps In March As 'Hope' Plunges, Inflation Expectations SurgeMar 11, 2022 - 07:57:19 PST
Following February's plunge to new post-COVID lows, March's preliminary University of Michigan sentiment data was expected to fall even further, plumbing new lows not seen since 2011. However, things were much worse than expected with the headline sentiment print dropping from 62.8 to 59.7...
Record-high global food costs could surge another 22% as Russia’s assault on Ukraine stifles trade and slashes future harvests, the United Nations warned.
The U.S. government showers billions of dollars in foreign aid to “friends.” On the other hand, “enemies” can find themselves locked out of SWIFT, the global financial system that the U.S. effectively controls using the dollar.
Postwar vision of harmonious world trade was already under pressure; invasion of Ukraine risks further economic fragmentation.
The move, which the president was expected to announce Friday morning, would allow the White House to slap tariffs on Russian goods.
President Joe Biden will announce Friday that, along with the European Union and the Group of Seven countries, the U.S. will move to revoke “most favored nation” trade status for Russia over its invasion of Ukraine.
US 30-year mortgage rates rose to 4.32% (Bankrate) as the 10-year Treasury yield broke through the 2% barrier. This is happening as Fed Funds Futures are pointing toward 6+ rate increases over the coming year.