Gold has all the potential to go unprecedentedly high. But silver will be gold on
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A record amount of more than half a trillion dollars of debt was raised in January by companies as issuers scrambled to take advantage of attractive funding conditions before global central banks led by the U.S. Federal Reserve begin a tightening cycle.
To the surprise of absolutely no-one, Sen. Bernie Sanders (I-VT) is pissed that Build Back Better is effectively 'dead,' suggesting that Manchin is siding with "corporate America."
It may be appropriate for the Federal Reserve to raise interest rates four times this year, and to move more aggressively if the factors leading to higher inflation, such as supply chain issues, are not mitigated, Philadelphia Fed President Patrick Harker said on Tuesday.
U.S. junk bonds just posted their worst start to a year ever, and their dour performance last month made them a potentially surprising victim of the Federal Reserve’s looming rate-hike campaign.
Feb 1, 2022 - 11:28:45 PST
he White House is lowering expectations for this week’s U.S. jobs report, saying that brief absences of workers due to omicron could overstate the number of unemployed people for last month.
h There Are Now A Record 4.6 Million More Job Openings Than Unemployed WorkersFeb 1, 2022 - 11:25:17 PST
After several months of speculation that the US labor market had finally reached its absolute peak with the number of job openings drifint around 10-11 million, today the BLS restarted the debate whether we have seen the worst of the labor shortage when it reported that one month after what last month was the biggest drop since the start of the pandemic (since revised to a more modest number)
The world’s biggest exchange-traded fund posted its worst monthly outflow in its near three-decade history with investors selling the Monday stock rebound en masse.
A total of 887 superyachts were sold in 2021, a 77% jump from a year earlier and more than double the number in 2019, according to a report from maritime data firm VesselsValue.
"Price controls are a bad idea. But support for them appears to be growing. They are a terrible tool for dealing with inflation. They make no effort to reduce nominal spending. And they exacerbate supply constraints."
"If central banks protect the value of the currency, they will create an economic crisis. If they try to avoid the economic crisis, they will destroy the value of the currency and cause a monetary crisis anyway."
Feb 1, 2022 - 08:05:13 PST
One new analysis found that only about a quarter of the money spent by the program paid wages that would have otherwise been lost, partly because the government steadily loosened the rules for how businesses could use the money as the pandemic dragged on. And because many businesses remained healthy...
This analysis focuses on gold and silver delivery volume on the Comex. See the article What is the Comex for more detail.As reported last week, Comex January turned out to be extremely strong in both gold and silver for a minor month. Most of that strength materialized after First Position. February was looking modest in gold and weak in silver, but the gold market is now showing outlier trends.
The America COMPETES Act of 2022 is a sprawling mess of spending and nonsense.
A week after announcing that 8,500 troops have been put on heightened alert to possibly deploy in response to a Russian incursion into Ukraine, the Defense Department is signaling that more troops could be called up.
Feb 1, 2022 - 07:20:42 PST
Putin’s trip casts a spotlight on the China-Russia bond, which has deepened considerably in recent years, echoing their close relationship at the dawn of the Cold War. Both Beijing and Moscow see the partnership as key to countering a world dominated by the United States, as they share resources and technology and divide the attention of Western governments.
Another day in the ongoing Russia-Ukraine standoff and another US weapons shipment has arrived in Kiev, despite all sides ostensibly continuing to push for a diplomatic solution and the avoidance of military conflict.
US Manufacturing Weakens More In Jan: Job Creation Crashes As Prices Paid SpikesFeb 1, 2022 - 07:08:58 PST
With US macro data serially disappointing this year so far, analysts expected both Markit PMI and ISM surveys of the manufacturing sector to show further slowing in January.
Goldman Slashes 2022 GDP Forecast Again, Warns Of "Sharp Deceleration" In Growth"Feb 1, 2022 - 07:04:48 PST
Two months after we warned that the Fed is hiking into a recession, The downgrades of the US economy are now coming in fast and furious.
Gold extended gains as the dollar weakened after U.S. Federal Reserve officials played down prospects of aggressive rate hikes coming imminently.
Feb 1, 2022 - 05:40:51 PST
A senior gold-mining executive sees the potential for a record year of mergers and acquisitions as companies turn to deals to prop up production at a time of rising bullion prices.