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Today the G20 announced a 6-month extension to their Debt Service Suspension Initiative (DSSI). They have indicated that this will be the final extension to the initiative, originally established in May 2020 to suspend bilateral debt payments for 77 countries. While we welcome this extension, the initiative does not go far enough to meaningfully address …
IMF Warns Debt Overhang and Financial Vulnerabilities Pose Double Threat to Economic RecoveryApr 8, 2021 - 05:26:11 PDT
The Washington-based institute has singled out the U.S. for praise in enacting extraordinary stimulus amid the ongoing coronavirus crisis, while also warning about the potential for these measures to cause longer-term structural damage to worldwide economies.
Debt-Distressed Countries Will Not Be Saved By the IMF’s $650 Billion Currency Boost, Economist SaysApr 8, 2021 - 05:23:20 PDT
No solutions for unsustainable debt burdens.
ECB Needs a Sustained Recovery before Winding Down Crisis Measures, Finnish Central Bank Chief SaysApr 8, 2021 - 05:20:14 PDT
"We are ready to recalibrate our purchases as needed and in that sense, as I said, I would be rather cautious in this regard as I think it is better to be safe than sorry and see that we genuinely have a sustained recovery in the economy before we move to the exit gear in terms of monetary accommodation," Finnish central bank governor Olli Rehn told CNBC's "Street Signs Europe."
Apr 8, 2021 - 05:14:23 PDT
The European Court of Human Rights (ECHR) in Strasbourg ruled Thursday that compulsory vaccinations are legal and may be necessary in democratic societies.
With the ongoing tightness in the wholesale silver market, the world needs all the metal supplied by the mining industry that it can get its hands on. Unfortunately, the world's second-largest silver production continues to experience a contraction in its mine supply. The industry forecasted a return to...
When it comes to analyzing gold and gold prices there seems to be no limit to the explanations of cause and effect. The number of things presumed to be fundamental, or which are correlated to gold, has grown exponentially as gold receives more attention in the media and from the public. The state of confusion …
Gold futures settled lower on Wednesday, easing back after posting gains in each of the past four trading sessions. Prices for the metal showed little reaction after minutes from the Federal Reserve’s March meeting.
The size of the U.S. central bank's balance sheet, now more than $7 trillion, is "far" from hitting any limits, San Francisco Federal Reserve Bank President Mary Daly said on Wednesday, noting that there are really only two constraints on its ultimate size.
The European Central Bank sped up the pace of its emergency bond-buying programme by 22.7% in March despite a slowdown in the runup to Easter, with Germany the biggest beneficiary of its stimulus, data showed on Tuesday.
This article will help understand what drives inflation. Being a step ahead of the markets inflationary thinking is critical to investment success.
Apr 7, 2021 - 12:35:35 PDT
Amazingly, The Federal Reserve keeps stoking the asset bubble with near zero interest rates. Despite the fact that the Taylor Rule (Rudebusch specification) is calling for a Fed Funds target rate of 2.66%.
Record: Consumer Credit Explodes Higher As Americans Rediscover Their Love For Credit CardsApr 7, 2021 - 12:26:48 PDT
...in recent weeks we have seen a solid increase in credit card spending as well as consumers turn more optimistic on their financial futures. This means that the period of credit card deleveraging that market much of 2020 is now officially over."
Yahoo Finance's Denitsa Tsekova breaks down the latest round of stimulus checks.
Power of Stimmies after Decades of Rampant Offshoring: Trade Deficit Hits Worst Ever, DuhApr 7, 2021 - 11:54:30 PDT
Imports of goods soared, while the already small services surplus plunged to nine-year low.
“Makes you wonder if there’s a potential mid-QE-life crisis taking shape in Ottawa”: strategists at the National Bank of Canada in a note that would be hilarious if it weren’t so serious. …
The U.S. job market may have picked up steam in March, but the improvement was only a small step towards the Federal Reserve's threshold for considering reining in its massive support for the economy.
With dozens of countries struggling to manage both staggering debt and mounting climate disasters, some financial leaders are calling for green debt relief.
JP Morgan CEO Acknowledges “Something Has Gone Terribly Wrong” in AmericaApr 7, 2021 - 11:30:04 PDT
Last week I wrote to you about billionaire hedge fund manager Ray Dalio’s most recent advice for people to diversify their investments OUT of the US dollar. Dalio didn’t pull any punches when he laid…
FOMC Minutes Signal Optimism On Fiscal Plans, Some Officials Fear "Stability Risks"Apr 7, 2021 - 11:03:27 PDT
Since The Fed's last statement and press conference (on March 17th), stocks and bonds are up marginally, gold has roundtripped back to unchanged (from a sizable loss) and the dollar is holding on to modest gains...