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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.
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.
On January 31, the national debt quietly eclipsed $30 trillion.The US government has run up debt at breakneck speed after raising the debt ceiling. The national debt broke through $29 trillion on Dec. 16. It took just 46 days for Uncle Sam to add another $1 trillion to his massive pile of debt. It took less than five years for the national debt to grow from $20 trillion to $30 trillion.
Ahead of Friday's much-narrative-managed payrolls print, ADP's employment report gives us the first glimpse - outside of the ugly ISM/PMI jobs sub-indices - at just how bad things could get.
Veteran Strategist David Roche Warns Markets Could Be at a 'Turning Point' Toward a Bear MarketFeb 2, 2022 - 05:31:03 PST
Veteran strategist David Roche warns the recent volatility could be pointing toward a bear market, rather than a temporary speed bump in a continued bull run.
After a Huge Year for Growth, the U.S. Economy Is About To Slam Into a WallFeb 2, 2022 - 05:28:52 PST
“The economy is decelerating and downshifting,” said Joseph LaVorgna, chief economist for the Americas at Natives...
Federal Reserve officials have a message for investors ramping up 2022 interest-rate expectations: not so fast. None of six Fed officials speaking so far this week have backed the idea of a half-point rate increase in March, and the most aggressive, James Bullard, president of the St. Louis Fed, said five hikes -- one more than every quarter -- is “not too bad a bet.”
Gold Mine Production Up in 2021 But Below Pre-Pandemic Levels; Overall Gold Supply FallsFebruary 2, 2022
Global gold mine production increased in 2021 as economies opened up after the first wave of the coronavirus pandemic. But mine output did not recover to pre-pandemic levels, and overall gold supply fell for the second straight year.According to data released by the World Gold Council, annual mine production increased 2% year on year, growing to 3,560.7 tons last year compared to 3,474.7 tons in 2020.
Turkish President Erdoğan Fires Government Statistics Chief As Inflation Rate SkyrocketsFeb 2, 2022 - 05:10:33 PST
Turkey’s president has fired the head of the Turkish Statistical Institute, which is responsible for posting official inflation statistics, among other data, at a time when prices have skyrocketed in Turkey.
The Venezuelan bolivar, after years of excruciating, relentless declines that have left it almost worthless and sunk millions into deep poverty, appears to have finally bottomed out.
Bank of America Corp. sold $9 billion of bonds Tuesday, joining Wall Street peers in a flood of new deals at the start of 2022 to beat an expected rise in interest rates.
America’s national debt has surpassed $30 trillion for the first time, according to Treasury Department data published Tuesday. The milestone comes as debt has surged more rapidly than projected in recent years, driven in large part by a deficit-financed federal response to the coronavirus pandemic. Total public debt...
Start saving up the quarters and accumulating rewards points, the price of Starbucks (SBUX) java is headed higher as the coffee giant battles labor inflation and challenging sales amid the ongoing pandemic.
Euro zone inflation rose to a new record high last month, defying expectations for a big drop and adding to already copious doubts that price pressures are as benign and temporary as the European Central Bank still expects. Inflation in the 19-country euro zone accelerated to 5.1% in January from 5% in December...
TOP GOLD MINERS UPDATE FEB 2nd: What's Next For The Mining Stocks & Good Buy PricesFebruary 2, 2022
While many precious metals analysts are claiming the LOWS are in for the mining shares telling their followers it's a good time to get in... I'm afraid I have to disagree. In this Top Gold Miners Update, I provide my technical analysis on the GDX ETF and what's next for these top six mining stocks...
A Crash OVER 80% is Coming - 'Roller Coaster Crash' Update w/ Mike MaloneyFeb 1, 2022 - 14:10:03 PST
What is the logic behind the possibility of a market crash greater than 80%? As you’ll see in today’s must-watch video with Mike Maloney and Adam Taggart, it has happened before…and there is a good chance of it happening again.
The U.S. Mint reported yesterday that they had sold 5 Million Silver Eagles in January! And the price of Silver went down in January? Bizarre, simply bizarre folks... I don't know about you, but to me, Silver is biding its time before taking off to higher ground...
Gold Back Above $1,800-Mark on Investment Demand – SPDR Gold Holdings Rise to Over 5-Month HighFeb 1, 2022 - 12:56:17 PST
Gold prices extended gains for a second session on Tuesday as the U.S. dollar retreated and ongoing tensions over Ukraine underpinned the metal's safe-haven demand.
Clearly, the danger for citizens of the failed American fiat empire is immense, but the government has a psychotic history of using external “bad guys” to divert attention from a crashing domestic economy. It’s even used as a macabre scheme to boost GDP.
Existing international mechanisms for dealing with sovereign-debt restructuring simply aren’t up to the task. Market participants urgently need to make reforms to prevent a deepening debt crisis in developing economies.