Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Regulators came late to the fast evolving cross-border world of cryptoassets but they could come up with their first global framework of rules within months, a senior official said on Wednesday.
Raging inflation is flipping the definition of currency wars, turning them into a race to the top instead of the bottom.
How There’s Been a Greenspan-Sized Tightening to the Economy Even Before the First Fed Hike: MWFeb 10, 2022 - 05:29:16 PST
Is the Federal Reserve loosening or tightening policy right now? That seems like a silly question. Interest rates are still barely above zero, and this month, the Fed is still planning to buy $20 billion of Treasury securities and another $10 billion in mortgage-backed securities. “The upshot is that while a lot of work remains to be done in tightening financial conditions through a more restrictive monetary stance, through its recent pivot the Fed has been able to already kick-start that process,” say the Deutsche Bank economists.
Atlanta Fed President Raphael Bostic made an important admission during a CNBC interview. He confessed the Fed wasn't really going all-in on the inflation fight. That raises a question: how is it going to tame the inflation monster? Peter Schiff talked about this admission during his podcast, along with a head-scratching article about the trade deficit in the Wall Street Journal.
The Indian Central Bank's Continued Monetary Support Deviates From a Global TrendFeb 10, 2022 - 05:24:35 PST
The Reserve Bank of India (RBI) is seemingly following a course different from those of other global central banks. A surge in inflation in major economies is forcing the others—US Federal Reserve, European Central Bank, Bank of Japan, and Bank of England—to withdraw their emergency support amid economic stress...
The Swedish crown was hurt by the Riksbank's dovish stance on Thursday, while other currency market moves were small as investors awaited key data on U.S. inflation for clues on the U.S. Federal Reserve's policy-tightening trajectory.
Propelled by Covid-era stimulus, house prices have risen more than 18% in the Reykjavik area in the last year. Gains since 2010 amount to 150%, the fastest in Europe.
The Bank of Japan finally acted to keep a lid on bond yields and reaffirm its commitment to its stimulus framework after a tense week of upward market pressure.
The bonds have taken their biggest hit since 2020 over the past week after a sudden pivot from the European Central Bank toward tighter policy reanimated worries about the region’s economic health.
While wages are rising “at the fastest pace we’ve seen in decades,” there is not a “wage-price spiral” underway, the Cleveland Fed president said.
The latest seasonally adjusted inflation rate for January was 0.65% month over month, with a non-seasonally adjusted annual rate of 7.48%. Both of these numbers came in above expectations.As hypothesized last month, it was very possible that Omicron temporarily restrained inflation in December and a rebound should be expected. It did not take long for the rebound to occur!
It's truly amazing the amount of cement produced by China each year. I was stunned when I compared the data with the United States. While we believe the United States has one of the largest infrastructures in the world, it pales in comparison to what the Chinese have done in...
Feb 9, 2022 - 13:09:34 PST
The outlook for silver demand is exceptionally promising for 2022, with global silver demand forecast to rise to a record high of 1.112 billion ounces (Boz) in 2022. The increase will be driven by record silver industrial fabrication, which is forecast to improve by 5 percent, as silver’s use expands in both traditional and...
Gold prices were steady on Wednesday near a two-week high scaled in the previous session.
The crapification of the U.S. economy is now complete. The only thing left is the tiresome waiting for the implosion of the entire travesty of a mockery of a sham.
Feb 9, 2022 - 12:18:26 PST
This is the first time in a quarter century that a Fed Chairman’s term has lapsed before he was reconfirmed by the Senate. According to Reuters, the last time it happened was 1996 when Alan Greenspan served from March 3 to June 20 as Fed Chair Pro Tempore.
Fed Rate-Hike Will “Cause Hyperinflationary Great Depression", John Williams Says Hold Physical GoldFeb 9, 2022 - 11:52:32 PST
Economist John Williams says the economy is in deep trouble, and the Fed knows it.
(A growing number of European Central Bank policy makers are losing faith in the institution’s current inflation forecasting, emboldening their shift toward hiking interest rates later this year, according to officials with knowledge of the matter.
Coffee futures touched a 10-year high in New York amid mounting concerns over tight supplies.
If you're paying more for rent, then you can't save as much as you might have been able to for a down payment.