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Europe’s Inflation Challenge for Central Banks Amplified as Energy Prices SoarFeb 25, 2022 - 05:10:37 PST
Central banks in Europe may have to reassess plans for tighter monetary policy after global energy prices jumped following Russia’s invasion of Ukraine, even as the spike worsens the inflation outlook.
Food inflation is already plaguing global consumers, but now the price gains could get even sharper as Russia’s attack on Ukraine threatens key shipments of some of the world’s staple crops.
Amid the bedlam taking place across the Atlantic, it’s easy to lose sight of the fact that demand in the world’s largest economy remains strong enough to keep inflation uncomfortably elevated. And that runs the risk of making Federal Reserve Chairman Jerome Powell trigger-happy at the central bank’s next policy meeting.
Russia Ready To Negotiate With Ukraine at High Level, Putin Says After InvasionFeb 25, 2022 - 04:52:58 PST
Russian president Vladimir Putin told his Chinese counterpart Xi Jinping in a call on Friday that Russia is willing to hold high-level talks with Ukraine, Chinese state television CCTV reported.
TOP SILVER MINERS ORE GRADES AT NEAR LOWS: Largest Mexico Silver Mine Tailings Dam Larger Than Egyptian PyramidFebruary 25, 2022
Rising energy and production costs impact the silver mining industry as ore grades are near all-time lows. The top 8 silver mining companies have seen their ore grades fall by a stunning 55% since 2005. Thus, it takes a lot more energy and materials...
Gold tumbled after earlier surging to the highest in 17 months with investors viewing sanctions on Russia as weaker than expected.
Feb 24, 2022 - 12:55:55 PST
The price of gold increased to a 13-month high on Monday, February 24, as a result of Russia's invasion of Ukraine.
Russia Attack on Ukraine May Nudge Fed to Less Aggressive Move Next MonthFeb 24, 2022 - 12:16:40 PST
Geopolitical risks may push the Federal Reserve away from a more aggressive interest rate increase in March.
“Western leaders are split on whether Russia should be ejected from the Swift international payments system, a move that would deliver a heavy blow to the country’s banks and its ability to trade beyond its borders,” the Financial Times reports.
Biden Vows "US Forces Are Not Going To Fight In Ukraine" While Unveiling 'Devastating Sanctions'Feb 24, 2022 - 12:00:28 PST
Among the most important parts of Biden's speech was his vowing that US troops would not engage Russia in Ukraine - but while also reemphasizing that the United States would defend NATO soil, at a moment additional US troops are going to Germany, and as more US fighter jets deploy to allied Baltic states to protect NATO territory.
'Alarming' Inflation Data Indicates Prices Could Keep Surging For Months, Goldman Sachs WarnsFeb 24, 2022 - 10:56:45 PST
In a Tuesday evening note to clients, Goldman's chief economist Jan Hatzius said recent inflation "looks more concerning" now because of the extent to which prices have risen and the growing breadth of core inflation, which excludes volatile food and energy prices to better gauge a consumer's long-term purchasing power.
Is 4% the “Magic Number” for Mortgage Rates to Prick the Housing Market (and Stocks)?Feb 24, 2022 - 10:54:46 PST
The Magic Number in 2018 was around 4.8%. In 2006, it was around 6%. But with today’s super-inflated home prices? Here are the signs.
A new rent report just released by Rent.com indicates that 95 percent of U.S. states faced significant rent increases over 2021. The cost for one-bedroom units increased by an average of 22.6 percent, while two-bedroom units experienced hikes of around 20.4 percent.
Feb 24, 2022 - 10:47:03 PST
The conflict unfolding in Ukraine could have an effect on the U.S. economy in the medium term and should be factored in as Federal Reserve policymakers remove accommodation, Cleveland Fed President Loretta Mester said on Thursday.
Russia's wide-ranging assault on Ukrainian military targets in the early hours of the morning has surprised Western capitals even as they repeatedly predicted an imminent attack. Propaganda machines on all sides are turned up to maximum. In today's Liberty Report we try to break down the facts and the antecedents with an eye on where things might go from here.
Feb 24, 2022 - 10:39:10 PST
The options presented include disrupting the internet across Russia, shutting off power and stopping trains in their tracks.
Usually, I only do one Comex Countdown into the close, but… you know… a war just started. Throw on top the fact that the Comex has been flashing warning signs lately, and I think a daily update is warranted for the next 3 days. It’s very possible delivery volume is very robust which could put pressure on the physical market. I will keep the commentary light and the charts simple…
Let's call this financial system what it really is: the MetaPerverse, a conjured world of self-serving cons.
Ahead of the annual congressional scramble to piece together a federal budget—a process that will begin in earnest after President Joe Biden's state of the union address next week—a bipartisan group of lawmakers are asking a question that's rarely part of the proceedings these days. How are we actually going to pay for all this?
The bottom line is the world is looking to turn away from dollar dominance in global finance. It may end sooner than most expect. We are getting dangerously close to that point right now.