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MARKETS & ENERGY UPDATE MAR 6th: Germany & Europe In Danger With Energy Shortages & High PricesMarch 6, 2022
While the precious metals continue to rally due to the Russian-Ukraine conflict, Germany & Europe are now in serious trouble due to future energy shortages and higher prices. I don't believe Americans realize just how expensive natural gas is for Europeans. The price of Dutch TTF natgas is now a stunning...
February was another very strong jobs month with the economy adding an estimated 678k jobs vs an expected 400k. The unemployment rate came in at 3.8%, down from 4%. Labor force participation also improved, rising from 62.2% to 62.3%. Both December and January were revised upwards.
The third-century coin depicts Emperor Volusianus, who co-ruled the Roman Empire for about two years with his father, until the emperor was assassinated at age 22 by his own soldiers.
Mar 4, 2022 - 12:59:55 PST
The coin was minted in the Tower of London from 23-karat gold during the 14th century. It looks nearly brand-new and is one of just a handful of surviving leopard coins from a failed currency experiment by King Edward III.
Gold continues to act as a hedge against volatile and disrupted risk markets as the war in Ukraine shows no sign of abating.
U.S. Treasury Yields are inching higher. Gold slips from the $1,950 level as Jerome Powell supports a 25-basis point hike in March. What is the impact of the Russia-Ukraine conflict on metals? Other metals movers include Silver Futures (/SI), Copper Futures (/HG), Platinum Futures (/PL), and Palladium...
The Perth Mint’s ETF ASX:PMGOLD saw holdings increase for the sixth straight month, ending February 2022 at a new all-time high above 250,000 oz.
Slow growth. Rising prices. The U.S. economy – and the global economy – was already facing these disagreeable prospects before Putin invaded Ukraine.
Now it is facing ever stronger inflationary pressures but having dithered about a response has arrived at the situation some of it hoped for. That is they have an excuse to cut back on tightening of monetary policy.
Can Government Successfully Counter Recessions Through Expansionary Policies? Don't Count on ItMar 4, 2022 - 12:04:54 PST
As long as the pool of savings is still expanding, the government and the central bank can pass off the illusion that they can grow the economy. However, once savings begin to stagnate or decline, the illusion is shattered.
Major cryptocurrency exchange Coinbase has blocked the accounts of Russian citizens and companies that are subject to US sanctions, the platform’s CEO said on Friday.
As the EU and the US continue to search for new ways to punish Russian (and, importantly, limit its central banks' access to its own reserves) Reuters reports that the EU is looking into suspending Russia's IMF voting rights, along with its central bank's access to IMF-produced SDRs.
Here in Part 2 of this interview with Marc Faber, Marc addresses whether we are entering a new commodity supercycle, explains why he expects the purchasing power of fiat currencies to erode much further from here, and expounds on what true wealth is (e.g. more than just money).
Economic sanctions seek to impoverish and sicken the civilians of the sanctioned nation. They also place heavy economic costs on the civilians of nations imposing the sanctions. To add insult to injury, the track record of sanctions forcing political change is disgracefully bad as well.
Here Is The Only Chart Powell Is Closely Watching, And Why It Is Soaring: FRA-OIS ExplodesMar 4, 2022 - 08:45:34 PST
It appears that while Pozsar may have been ahead of the curve, as usual, he was not wrong, and today the all important FRA-OIS indicator of interbank funding stress (and money-market risk) is surging, and at last check was above 37bps, up a whopping 12 pts...
11:36 AM · Mar 4, 2022·TweetDeck
The invasion of Ukraine by Russia has reinvigorated safe haven markets, and with commodities on the verge of a new supercycle, gold prices could be set to explode...
Mar 4, 2022 - 07:39:26 PST
China could very well accelerate its plans to come up with alternatives to the world’s dollar-dominated international payments system, after seeing Russia becoming isolated economically, according to Federal Reserve Chairman Jerome Powell.
Two foreign policy experts from Curtin University, Australia, believe coordinated sanctions and boycotts on Russia will do little to quell the current invasion of Ukraine or push Vladimir Putin’s inner circle to remove him.
Anatoly Antonov, the Russian ambassador to the United States, said the remarks were “irresponsible and dangerous.”