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USD strength continues to broaden out, with the yen and Swiss franc increasingly under the thumb of the big US dollar.
The percentage of US dollars held as currency reserves globally dropped to the lowest level in nearly six years in the second quarter of 2019 according to the latest IMF data. Meanwhile, Chinese yuan made up the biggest percentage of reserves ever.The dollar's shrinking share of global reserves comes as countries like Russia and China move toward de-dollarization in an effort to undermine the ability of the US to weaponize the dollar as a foreign policy tool. The global gold rush on the part of central banks is part of this movement.
An "evening star" kills the really in these concerning charts...
The Fed did exactly what markets expected during the September FOMC meeting and lowered interest rates another 25 basis points. It was the second cut of the year and pushed the interest rate down to to the range of 1.75 - 2%.And yet we're told that this is the economy is "great."What gives? Economist Robert Murphy said things might not be so great. In fact, it appears the central bank has basically put the economy on life support.
Statistics agency Eurostat said Tuesday that the annual inflation rate eased to 0.9% in September from 1.0% in August. Low inflation can be a sign of economic weakness and has been a concern for officials at the ECB...
“The darkening outlook for trade is discouraging, but not unexpected,” WTO Director-General Roberto Acevedo said in a statement...
The possibility of a fiscal crisis is the biggest risk to doing business globally, according to a survey of World Economic Forum business leaders published on Tuesday, though there were strong regional differences in views of the biggest risk.
Japanese bond traders just had a taste of what it’s like when the nation’s central bank and pension fund aren’t there to support them.
The extent of stockpiling ahead of a possible hard Brexit was on display in Tuesday in areas ranging from manufacturing data to a bakery’s results.
It is part of global efforts to clean up markets after banks were fined $9 billion for trying to manipulate the London Interbank Offered Rate, or Libor, and its variants to boost their trading positions.
Evans said this was setting inflation on course to accelerate to 2.2% by 2021 while the U.S. economy would continue to grow according to its long-term trend...
The global economy flashed louder warning signs on Tuesday as a wave of data showed manufacturing stuck in a slump, exports falling and sentiment sliding.Industry executives from Japan...
Keith Weiner: A Banking System Crisis And Gold Backwardation As Our Early Warning SymbolOctober 1, 2019
The system is now fragile enough that if another crisis gets going, it will carry a greater threat of banking system collapse...
The Benefits & Risks Of Gold-Infused Cosmetics: Smear Gold Nanoparticles On Your...Face?September 30, 2019
Many sectors use tiny particles to create new materials & technologies. Here's what's going on with gold and...skin products?
Usually conservative Swiss bank UBS has upped its forecast for the price of gold for the second time in less than two months.
Gold retreats $24 to $1473: dismissal of Friday’s report that US was considering restrictions to US investments in Chinese companies, stronger dollar, and technical selling weigh
Without energy, silver mine supply would likely collapse more than 95+%. Unfortunately, analysts only focus on the cost of energy and not the future availability of it.
Arabia Warns Iran War Would Cause 'Total Collapse of the Global Economy'Sep 30, 2019 - 13:12:31 PDT
Saudi Crown Prince Mohammed bin Salman says a war with Iran would cause oil prices to skyrocket and be a catastrophe for the global economy.
The U.S. dollar remains a bulldozer as the third quarter draws to a close.
The Fed's management of the short-term funding market passed a crucial test Monday, but the Fed is still under pressure to provide a longer-term fix.