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Basel III agreement will come into force on June 28, 2021 for European banks and on January 1, 2022 for British banks.
Gold as a long-term store of value.
“Cash Has Been Trash for Years, But Soon it May Be the Only Haven for Investors”: Bill GrossJun 2, 2021 - 08:53:15 PDT
“Inflationary pressures pose increasing price risks to Treasuries & stocks” as the Fed will react.
Data from the Institute for Supply Management and IHS Markit released Tuesday both showed the U.S. manufacturing sector continues to grow in spite of ubiquitous supply chain issues that hold the sector back from meeting its full potential during this recovery.
Countries that decide not to introduce digital versions of their currencies may face threats to their financial systems and monetary autonomy, the European Central Bank warned.
“If Danes are being pressured to withdraw their money from the bank, sew it into the mattress or invest it in shares, even though they might not have the risk appetite, I fear that the entire trust in our financial sector and the payment infrastructure is at risk,”...
A gauge of the projected trajectory of consumer prices shows gains will remain short of the ECB’s inflation mandate over the next three decades. That’s casting doubt over a 10-basis-points interest-rate increase that is currently being priced in by the middle of 2023.
All signs point to a very hot U.S. economy this summer, argues this top Wall Street strategist.
Long a source of disinflation, the country is now grappling with rising costs. That could reverse a global dynamic the former Fed chief once puzzled over.
How the country deals with surging input costs will have far-reaching implications for global growth and prices.
The 2020–21 recession has been devastating for the global economy. It has been ninety years since the global economy last suffered through a recession of this magnitude (in the Great Depression). Nonetheless, it seems that the social effects of the current recession have not yet come about.
To most people, “inflation” signifies widespread rising prices. Economists have long argued, as a matter of technical accuracy, that “inflation” denotes an increasing money supply.
The N.Y. Post reports that spending next year would exceed $45,000 per household and that the National Debt would exceed $44 trillion in ten years - or $300,000 per household.
Jun 2, 2021 - 07:09:14 PDT
The push for more stimulus money continues. An online petition calling on the federal government to provide people with $2,000 monthly checks amid the coronavirus pandemic has topped 2.3 million signatures.
Inequality and Financial Stability: Two Pins Threatening Multiple Asset Bubbles. “Powell Says Fed Policies “Absolutely” Don’t Add To Inequality” -Bloomberg May 2020
The headline above is but one of countless times Fed Chairman Powell and his colleagues confidently said their policies do not result in wealth or income inequality. Their political stature and use of complex economic lingo give weight to their opinions in the media. Nevertheless, a deep examination of the Fed’s practices and their consequences leaves us to think otherwise.
President Joe Biden released his 2022 budget this week. The $6 trillion spending plan offers a glimpse into Biden's long-term fiscal strategy - borrow and spend to infinity and beyond.The Biden budget would take the US to its highest sustained spending levels since World War II.And here you thought the pandemic emergency was winding down and spending would go back to normal. Well apparently, this is the new normal.
Yesterday gold price was the highest since early January. In April the market has bounced from the support level marked by March 8 local low of $1,663.30. Since then it has been advancing. Today gold remains within a short-term consolidation
A mountain of dollars on deposit in China has grown so large that banks are struggling to loan the currency and traders say it poses a risk to official efforts to control a fast-rising yuan.
Jun 2, 2021 - 05:36:57 PDT
Europeans are in for a costly summer that will test central bankers’ resolve on stimulus as the region’s delayed economic recovery unleashes surging demand.The question officials face from Frankfurt to Warsaw is whether accelerating inflation will last long enough to alter the longer-term expectations of companies and households. If it does, that could create a...
Rising price growth looms for first time in decades but policymakers pursue differing strategies