When the next recession occurs, a significant portion of this debt will be downgraded to junk. Credit spreads for this debt will rise because of the deterioration in quality.
I was stupefied at what I was reading…A Bloomberg article earlier this month reported that JP Morgan and Citibank were significantly reducing their gold positions or closing them out entirely. Based on the article, it seems they made this decision based on the flimsiest of changes in the market:
What's ahead for the precious metals, food, and other real assets in a system that's fatally detached from reality and natural law? David explains...
In round numbers, these wars (in today’s dollars) were tremendously expensive:
The Fed is the government’s monetary central planner. It plans the monetary affairs of hundreds of millions of people through monetary manipulation. Central planning is a core principle of socialism. Central planning...
With monetary & fiscal policy limited by a depleted toolbox, handing out cash to the public could be an appealing alternative measure to combat a downturn.
What the Fed meeting minutes could say about interest rates that Powell didn’t say.
Traders in market told the Journal that Icahn “likely is the largest short seller of mall debt.
After a huge jump, mortgage refinance demand pulled back sharply last week, likely because borrowers were less worried about rising rates.
Edith Yeung, a partner at blockchain-focused venture capital fund Proof of Capital, expects China to launch its own virtual currency "quite soon," in what she says could become a challenge to the U.S. dollar.
The dollar rose on Wednesday and trade-exposed currencies fell after the U.S. president threatened a trade war escalation and China condemned a U.S. senate measure backing pro-democracy protesters in Hong Kong.
Demand for the debt from foreign investors at September’s auctions of new Treasurys was the lowest since before the financial crisis, according to the Treasury Department.
This means in case of a sudden market shock, for instance, stress among these institutions could spread to the wider financial system...
The ECB warned of potential side effects from its loose monetary policy, highlighting how years of unprecedented stimulus designed to bolster the economy is contributing to an erosion of financial stability.
...a downshift has been in place for multiple quarters and the fourth quarter looks either close to or weaker than the third quarter.
The warnings signs are there for investors to at least lighten up on the long side in the stock market.
A small move to the downside, but a massive spike in gold demand...
Victor Fossi Grieco, 51, pleaded guilty today to conspiring to transport 230 pounds of gold hidden in the nose of the plane to Ft Lauderdale Executive Airport....
Serbia needs to further increase its gold reserves even after recent purchases pushed its stash to a record, President Aleksandar Vucic said on Tuesday, saying the Balkan nation has to fortify...
Gold futures settle higher on Tuesday, giving up earlier losses as weakness in U.S. Treasury yields helped to lift prices for the precious metal for a second...