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Fed Has Been Successful at Convincing Markets It Will Be More Dovish down the Road, Bernanke SaysJan 4, 2021 - 05:38:31 PST
The Federal Reserve's new policy framework and commitments have been effective at convincing markets the central bank will be more dovish for years to come, said former Fed chairman Ben Bernanke on Sunday.
It’s the latest ambitious currency plan from Venezuela’s president, with no guarantee of success. In 2017, with the bolivar in freefall, Maduro vowed that the nation would create a cryptocurrency called the Petro, backed by reserves of oil, gas, gold and diamonds. The Petro launched in 2018; the U.S. called it a scam.
Bitcoin held near a record a day after breaching $34,000 for the first time while Ether, another digital currency, also surged as the crypto rally continues.Ether climbed as much as 22% to about $1,163 following a 30% advance on Sunday. Bitcoin held onto most of its weekend gains, dipping about 1.6% to $33,060 as of 6:53 a.m. on Monday...
The world’s safe-haven currency drifted lower at the first trading day of 2021 in London. The plunge in the U. S dollar index is partly attributed to a slew of improved Asian economic data bolstered riskier assets.
The U.S. dollar kicked off the new year with a weak start as expectations for a global economic recovery bolstered demand for riskier assets.It lost ground against almost every major currency on Monday, pushing a gauge of its strength to the lowest level in nearly three years...
The Trump administration again nominated Judy Shelton to be a member of the board of governors of the Federal Reserve, almost two months after previous efforts to hold a Senate vote on the matter were derailed.
January is shaping up to be a pivotal month in determining whether the nascent U.S. reflation trade can really gather steam in 2021.Bond traders have boosted expectations for inflation to near the highest in two years as they await an election next week that will determine control of the Senate and potentially the scope for further fiscal stimulus.
Jan 4, 2021 - 05:20:22 PST
The Nasdaq 100 has doubled in two years, leaving its valuation bloated -- all while volatility remains stubbornly high.It’s a setup that’s left investors sitting on fat returns from 2020, a year that defied easy explanation. It’s also one that has a growing cohort of experts warning about a bubble.
Defaults by US oil and fuel producers are set to outstrip all different sectors once more in 2021 as an business battered by this 12 months’s value crash faces but extra ache, in accordance with a forecast from a ranking company.
So if we're looking for multiple expansion to continue to drive the rally, I don't think we're going to get that because the Fed’s efficacy is limited, right? It has firepower, no one's saying the Fed doesn't have ammunition. It can print money and it can go buy Treasuries for as long as it would like. But at the end of the day, when you're at zero, the stimulative impact is muted...
As Some Deficit Hawks Turn Dove, the New Politics of Debt Are on Display: NYTJan 4, 2021 - 05:03:15 PST
Some Republicans who once scolded about fiscal austerity are now embracing government spending, underlining that the public supports more generous relief.
In 2020, EU took step toward permanent taxation and spending role when it sold debt on behalf of member countries to cope with pandemic...
There aren't many people sad to see 2020 in the rearview mirror. But there's no guarantee that 2021 is going to be any better. In his podcast final podcast of 2020, Peter Schiff said that hopefully, the upcoming year will be better healthwise in terms of COVID-19, but economically, this could be the year the chickens come home to roost.Not just the ones that we let out in 2020 but the ones we have been letting out for the years and years and years that preceded 2020."
Our world is becoming increasingly interconnected and interdependent due to the unprecedented growth of various transformative technologies. This carries significant benefits but also some risks.
Latest Corvid: COVID Variant in South Africa Is ‘More of a Problem’ than UK’s, Official SaysJan 4, 2021 - 04:47:46 PST
The latest news and updates on the coronavirus outbreak from CNBC’s global teams in Asia, Europe and the U.S.
More Cases of New COVID Variant Found in the U.S., Threatening to Worsen Nation’s OutbreakJan 4, 2021 - 04:47:46 PST
After a busy holiday travel season, “we can be fairly confident this variant is now everywhere,” Mercedes Carnethon, a professor of medicine at Northwestern University, told MSNBC on Friday.
In today's Metals & Market Update I discuss the silver price has now reached a very important technical level. The precious metals started the year off today with a BANG today while the broader markets experienced a steep SELL-OFF. Will the metals continue higher tomorrow? Good question. However, if...
The largest U.S. oil company is in serious trouble. ExxonMobil is now being negatively impacted by the Falling EROI - Energy Returned On Investment. While Exxon's management stated in early 2019 that they could make money in the shale oil sector at $35 a barrel, the company's financials say otherwise...
It's time to bid a fond farewell to 2020. Good riddance and don't let the door hit you in the butt on the way out!Of course, the New Year also means it's time for — resolutions.Confession: I've never been good at resolutions. In fact, I refuse to make them. Why set yourself up for failure? But get this; now I'm not only supposed to make resolutions for myself. I have to make them for my pets!Ummm - no.
GEOPOLITICS & EMPIRE INTERVIEW: The Energy Cliff, Green Energy Myth, Gold, Crypto, & Mad Max FutureJanuary 1, 2021
With the world heading into deeper troubles in 2021, I sat down with chatted with the folks at Geopolitics & Empire. In the interview, we discussed the impact of the coming ENERGY CLIFF on the global economy and markets. We also talked about how this would impact Green Energy, gold, and the cryptos...