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Silver Approaching All Time High Territory in Top 20 Countries GDP Non-Weighted IndexMar 3, 2022 - 13:11:26 PST
#Silver approaching all time high territory in Top 20 Countries GDP Non-Weighted Index (Mar. 2, 2022).
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What can investors do? For once, the old trope might not be ill-advised: buy gold. Many global central banks will surely do so.
What does this mean? It means simply that Russia has now, in effect, begun the remonetization of gold for domestic purposes. By removing the VAT on gold purchases Russian citizens can now offset their currency risk with gold and stabilize the domestic monetary situation.
Mar 3, 2022 - 12:54:42 PST
In case you thought the West was unprepared for inflation – or certainly for Russia – wait and see simply how unprepared it’s for this bombshell.
I’ve spoken with people from Argentina and Zimbabwe about what happened when inflation destroyed their nation’s wealth. They declared martial law, the government could not protect the citizens.
The rush into Treasuries sparked by Russia’s war in Ukraine has exposed fresh signs of weakness in the world’s biggest bond market, adding to pressure on U.S. regulators to detail a reform plan.
Fed's Powell: We Thought Inflation Was Like a Temporary Shock That Would PassMar 3, 2022 - 12:00:10 PST
How many years does it take for prices to double at 7.5% inflation? It’s surprisingly easy to calculate. The rule of 72 helps us understand why the concern Americans are feeling over inflation is warranted.
Brent crude could end the year at $185 a barrel if Russian supply continues to be disrupted, JPMorgan Chase & Co. wrote in a note Thursday.
So far, 2022 has brought hot inflation. Slowing economic growth. Shaky financial markets. And now War. And we're only two months into the year so far. Will things start getting better? Or are even worse times ahead?
A recession fueled by collapsing demand, a liquidity crunch, and fading stimulus effects is coming up. Inflation sure doesn't help.
Politico today reports on how a "reluctant" big tech has decided to abandon its pro-free speech approach and take the side of the US government as the Russian war in Ukraine begins its second week. Are they kidding us? Also today, Biden Administration demands ten billion dollars for Ukraine and 20 billion for COVID. Free money! What could go wrong? And Massie stands up to the Washington war machine.
Russia Describes "Hot War" With West To Settle "Post-Soviet Space" Once & For AllMar 3, 2022 - 09:06:30 PST
"for us this is no longer a Cold War with the West but a hot war," according to Interfax. He said in the rare statement that "Russia now has a real chance to put an end to the war that has been waged in the Post-Soviet space for the past 30 years" - as also quoted in TASS.
3 Reasons Middle Class Russians Are Seeing Their Finances Crumble Right NowMar 3, 2022 - 08:28:48 PST
While superyachts owned by Russian billionaires hightail it to the Maldives to escape possible seizure, middle class Russians are watching their life savings vanish in just a few days.
Mar 3, 2022 - 08:20:04 PST
Authorities in Europe have seized two superyachts belonging to Russian businessmen with alleged close ties to Russian President Vladimir Putin, according to multiple reports.
"I think they're sort of handcuffed in terms of what they can do, they went so low," Gross said of Fed policymakers. "And inflation now is so high on a historical basis that it's going to be difficult raising interest rates too much."
ISM Services Slump To 12-Month Lows: Imminent Wage Growth Spiral Means Higher InflationMar 3, 2022 - 07:59:33 PST
So - take your pick - PMI strong rebound (Fed can't hold); ISM plunge (Fed could hold)... and is bad news, good news?
“The world economy today is characterised by a larger quantity of debt, relative to its level of income, than at any time in recorded history. … In the advanced economies, the average total debt of the household, business and government sectors has grown steadily and now exceeds 250% of GDP.
Debt problem is no stranger to the global economy. What is new now is that the global debt problem that rose incrementally, except in the wake of the financial crisis of 2007-2008, has now shot up to record high levels after 2020, the year pandemic struck economies like lightning and spread like wildfire. ...