Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Bitcoin prices and other cryptocurrencies tumble after Russia attacks UkraineFeb 24, 2022 - 05:00:27 PST
The price of bitcoin and other cryptocurrencies dropped along with equity markets following Russia’s attack on Ukraine.
The Russian central bank will step into the market to support the rouble, it said on Thursday, as the local currency crashed to an all-time low after President Vladimir Putin authorised what he called a special military operation in Ukraine.
Feb 24, 2022 - 04:57:01 PST
Russia's Moscow Exchange on Thursday resumed trading after a near two-hour suspension amid the Ukraine crisis.
Following the declaration of martial law in Ukraine, the central bank suspended the country’s currency markets, stopped the circulation of all securities, limited cash withdrawals and halted the use of electronic currency and digital wallets.
IN the wake of Russia’s invasion of Ukraine, several Ukrainian government websites went offline after a cyber attack prompted by Distributed Denial of Service (DDoS) attacks on Thursday morning.
Gold Jumps to Highest Level in More Than a Year As Russia Invades UkraineFeb 24, 2022 - 04:47:51 PST
Spot gold jumped more than 3% higher on Thursday as Russian forces attacked Ukraine on the orders of President Vladimir Putin.
Oil surged above $105 a barrel for the first time since 2014 as Russia attacked sites across Ukraine, triggering fears of a disruption to energy exports at a time of already tight supplies.
Gold futures climbed on Wednesday, amid the Russia-Ukraine crisis, which lifted values to the highest finish in more than a year.
The core trend for gold looks in the process of turning higher again, in the view of strategists at Credit Suisse.
The message from velocity of money is clear. The level of GDP in developed economies is very probably being artificially elevated due to the gargantuan increase in money. Like 1929, this should not end well.
Investors Pull Billions of Dollars From Bond and Money Market Funds at Fastest Pace in YearsFeb 23, 2022 - 11:48:56 PST
Investors are pulling billions of dollars from bond and money market funds amid high inflation and the specter of rising interest rates.
According to the seasonally adjusted data, M2 expanded by $245B in the latest month as shown in Figure 1. However, when looking at the raw, non-seasonally adjusted M2 data, the money supply contracted by $214B as shown in Figure 2. According to the raw data, this is the largest contraction since Jan 2013.
The longer that high inflation persists, the more pressure it will put on the Federal Reserve to tighten monetary policy more than it currently plans -- potentially raising the risk of a recession.
Governors Cannot Stop Inflation, But Tax And Regulatory Reform Will Boost Their States’ EconomiesFeb 23, 2022 - 11:36:12 PST
Inflation is also a political nightmare. People notice and hate high prices, especially when their wages do not keep up. Real average hourly earnings declined by 1.7% from January 2021 to January 2022 as inflation eliminated any raises people received due to the tight labor market.
From Luxembourg to New Zealand, global house prices have been surging as pandemic stimulus and a shift to work from home added fuel to a multi-year boom driven by historically low interest rates.
Big swings in lumber futures prices are preventing traders from laying bets, giving them time for other things; ‘Gone fishing...’
President Biden's short address yesterday on the Ukraine crisis contained one amusing point: he told Americans they were going to have to suffer more inflation and higher energy prices because he is standing up for freedom in Ukraine! Many Americans love an aggressive foreign policy, but is it not without risk for Biden to blame economic woes at home on an US interventionism overseas?
CBS Earns Blistering Ratio For Trying To Blame US Inflation On Ukraine SituationFeb 23, 2022 - 09:13:03 PST
When legacy media outlets shill for an administration ahead of midterms, the propaganda is usually delivered in a semi-believable headline that doesn't cause readers to immediately call bullshit.
The Red-Hot Housing Market Isn't Sustainable—CoreLogic Forecasts Home Price Growth To SlowFeb 23, 2022 - 08:51:04 PST
Going forward, CoreLogic says we should expect home price growth to normalize to pre-pandemic levels.
U.S. mortgage applications plunged to their lowest level in more than two years last week as rising mortgage rates dampened demand for loans to purchase homes and refinancing activity, a survey showed on Wednesday.