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The Central Bank accumulated another 17.3 tonnes in March. Gold buying for the first quarter of 2023 reaches 68.7 tonnes. Total golden reserves stand at 222.4 tonnes.
I’m convinced short sellers on SLV short the shares for the precise purpose of evading depositing the required metal to avoid putting upward price pressure on silver and the shares of SLV. That’s why I have never hesitated in lodging formal complaints with the S.E.C. and BlackRock...
Caring for both their children and their aging parents, millennials are now the most likely generation to feel financially strained.
The US economy was slowing even before the brunt of any credit crunch stemming from the recent bank failures, while inflation accelerated, highlighting the enormous challenge faced by the Federal Reserve.
Apr 28, 2023 - 12:38:37 PDT
The Employment Cost Index for the 3-month period ending in March jumped 1.2 percent for civilian workers and 1.1 percent for government workers.
Japan just reported inflation of 3.5%. This is a big deal. Why? First and foremost, it’s significantly higher than expectations: 3.5% vs 3.2%. Secondly, it shows that inflation is turning back upwards in Japan. Last month’s …
It's a Good Thing for Ordinary Americans If the US Loses Reserve Currency StatusApr 28, 2023 - 12:23:04 PDT
Earlier this month, Larry Kudlow insisted that it is "it's incumbent on the U.S. government, no matter who's in power, to maintain the reserve currency status of the dollar." Kudlow laments that a toppling of the dollar from that perch "seems to be the direction we're going in." Kudlow's remarks came a day after Donald Trump declared that China is trying to displace the U.S.
The yen is copping it after the Bank of Japan left its policy settings unchanged as expected, though there was a clear inkling from the statement that change may be in the air.
With the United States still trying to get its arms around some recent bank defaults, the next shoe to drop could be the commercial real estate market.
Four months before the second-largest bank failure in U.S. history, key banking regulators worried about the dangers large regional lenders posed to financial stability, according to records from an advisory meeting reviewed by Reuters.
The Bank of England estimated on Friday that its quantitative easing programme would rack up a total financial loss of around 100 billion pounds ($125 billion) by 2033, which will need to be funded by the government.
Apr 28, 2023 - 08:13:55 PDT
Regulations designed by banks to shield their interests will never be enough to halt banking crises, an economist warns.
First Republic Shares are halted for volatility having collapsed 25% back to record lows as hopes of a 'private' deal fade...
Fed’s Balance Sheet Plunges $171 Billion in Five Weeks since Peak Bank Bailout as QT Continues and Liquidity Support CoolsApr 28, 2023 - 07:50:35 PDT
First Republic, is this you?
Spring Selling Season Already Goes to Heck, Pending Home Sales Plunge. Banking Crisis to Blame?Apr 28, 2023 - 07:49:31 PDT
A harbinger for closed sales in April and May.
Apr 28, 2023 - 07:42:46 PDT
Please consider Penn Wharton's update to the Budgetary Cost of Climate and energy provisions in the Inflation Reduction Act.
A busy end to the week for macro appears to be settling the narrative that we are facing stagflationary pressures as growth slows but inflation signals remain far stickier than expected.
Gold prices eased on Friday as the dollar firmed in the run-up to U.S. inflation data, but economic jitters kept safe-haven bullion on course for a second consecutive monthly rise.
Fed's Favorite Inflation Indicator Slows Only Marginally, Americans' Savings Rate Rises To 15-Mo HighsApr 28, 2023 - 06:01:39 PDT
After US and German GDP gravely disappointed and inflation measures on both sides of the pond remain far more elevated that hoped for, this morning's print of The Fed's favorite inflation indicator will likely drive today's early action among the algos.
The US economy is already in recession, economists have warned after official figures revealed activity slowed sharply at the start of this year, dealing a blow to Joe Biden’s re-election campaign.