Gold has all the potential to go unprecedentedly high. But silver will be gold on
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The Fed is trapped in its own web. It does not have much room to raise rates without major complications in the financial market and in the economy. Even if it finally delivers on tapering and starts raising rates, it won’t get any further than it did back in the last rate hike (2015–18) and balance sheet shrinking (2017–19) cycles.
In short, the Fed remains trapped. While it may want to chicken out of rate hikes in 2022, the fact is inflation isn’t going anywhere—barring the onset of recession. From its vast increase in the money supply to supply chain disruptions, commodity and labor shortages, elevated shipping and insurance costs, and...
Fannie Mae announced last week that it provided nearly $70 billion in multifamily financing last year. The government lender crowed about $9.6 billion of the total being for affordable housing projects and $13.5 billion financing projects deemed “green and sustainable” units.
This morning: Ukraine is giving the media their next Covid-level dose of excitement, but highlights just how quickly events creep up on markets. Unwise decisions years ago by western governments in terms of energy security and global priorities have created the current crisis. It will have massive effects on...
LA Councilman Blasts Train Theft 'Chaos,' Calls Them 'A Threat to Our Economy'Feb 2, 2022 - 11:26:12 PST
Los Angeles City Councilman Joe Buscaino told Yahoo Finance that he's "never seen anything like" the brazen train thefts plaguing the area.
More robots joined the U.S. workforce last year than ever before, taking on jobs from plucking bottles and cans off conveyor belts at trash recycling plants to putting small consumer goods into cardboard boxes at e-commerce warehouses.
From the pandemic and geopolitical tensions to broader macroeconomic developments, new obstacles to "normality" seem to be cropping up everywhere. As the uncertainties continue to mount, the risk of misjudgments and policy errors at all levels of society will grow.
The White House has pulled the trigger on a fresh troop deployment which marks the first amid the still ratcheting Russia-Ukraine crisis, days after President Biden announced he would bolster US forces in East European allied countries. Senior defense officials have confirmed that 3,000 American troops have been ordered to ...
The chaos at ports, warehouses and retailers will probably persist through the year, and perhaps even longer. With the havoc at ports showing no signs of abating and prices for a vast array of goods still rising, the world is absorbing a troubling realization: Time alone will not solve the Great Supply Chain Disruption.
The oil market is heading for simultaneously low inventories, low spare capacity and continued low investment in new production, all of which may lead to higher crude prices
Iraq has develop into one of many greatest beneficiaries of Xi Jinping’s Belt and Street Initiative as China deepens its financial ties throughout the Center East by way of billion-dollar development and power contracts.
When Chinese President Xi Jinping welcomes leaders from around the world for the Opening Ceremony of the Beijing Olympics on Friday, it will be his first time meeting foreign counterparts face-to-face in more than 400 days. And at the top of his guest list is Russia's Vladimir Putin.
Ukraine Warns of 'Full-Scale War' and Tragedy in Europe if Russia AttacksFeb 2, 2022 - 07:37:14 PST
Ukraine's President Volodymyr Zelenskyy has warned that any military confrontation with its neighbor Russia would amount to "a full-scale" war in Europe.
Washington is willing to discuss promising not to deploy ground-launched missiles or combat forces in Ukraine if Russia agrees to do the same, according to confidential documents that the Spanish newspaper El Pais said were Washington's and NATO's written replies to Russian security demands.
Energy-rich countries from Qatar to Azerbaijan have all pledged emergency gas supplies to Europe, but the region is quickly figuring out it can’t replace top supplier Russia.
Borrowers Rush To Get the Last of the Low Mortgage Rates, With Refinances Jumping 18%Feb 2, 2022 - 07:28:16 PST
Mortgage rates have been rising swiftly, and that has borrowers rushing in to get the last of the low rates.
Feb 2, 2022 - 07:24:28 PST
Some economists fear a general return to the chronic inflation of the 1970s. Over the past year, East Asia has largely been an exception to the worldwide pattern — but even here, prices have started to accelerate.
Forget for a moment the claims of Bitcoin, Ethereum and other tokens serving as a superior currency or store of value. While that may prove out, the true potential for the blockchain appears to be enabling the creation of real & sustainable commercial value over a new platform better suited to many of today’s most common transactions.
Feb 2, 2022 - 07:15:38 PST
The CoreLogic report on home prices were released yesterday, showing that national home price growth was raging at 18.5% year-over-year (YoY) in December. But the CoreLogic report points to a SLOWDOWN in home price growth in 2022 (Jan 2022 – Dec 2022) of 3.5% YoY.
It appears the Fed’s sensitivity to stock prices is not as acute as some investors believe. In the words of Richard Fisher, the strike price on the Fed put has moved significantly. If this take is correct, the Fed may sit idly by if markets voice displeasure with abrupt changes in monetary policy.