Precious metals are apparently waking up. And here is where you can find the best deals.
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Argentines, painfully accustomed to decades of spiraling prices, say that the current 102.5%-and-climbing inflation rate is on another level and is making it almost impossible to get by.
Central banks are caught between tackling rising prices and ensuring stability but their actions hold risks for investors and borrowers...
Investors Put $538 Billion Into Cash Funds Over Eight Weeks: Bank of AmericaApr 14, 2023 - 08:03:35 PDT
Investors have moved $538 billion into cash funds over the past eight weeks as they pulled money out of bank deposits after the collapse of Silicon Valley Bank, according to Bank of America figures released on Friday.
And what happens next? Bubble symmetry: valuations fall at the same rate as they rose, declining back to the starting point over a roughly equivalent time duration.
Apr 14, 2023 - 07:59:07 PDT
The US economy is barely chooglin along at a dismal 0.53% YoY (but 0.4% MoM in March). As the Covid “sugar rush” that caused a surge in Industrial Production in April 2021 of 16.56% has…
Apr 14, 2023 - 06:04:46 PDT
Forget for a moment that the dollar's "stability" has been a joke since dollar convertibility into gold was ended in 1971 and especially in the last several years..
The dollar headed for its longest stretch of weekly losses in almost three years on Friday, as traders ramped up expectations of an imminent end to the U.S. Federal Reserve's rate-hike cycle following signs that inflation may be cooling.
Retail Sales Slide More Than Expected, Grow At Weakest Annual Pace Since June 2020Apr 14, 2023 - 06:02:14 PDT
Yesterday, when previewing today's closely watched retail sales prints, we shared the latest card data tracking data from Bank of America which predicted a much sharper than expected drop, expecting a 0.8% drop in the headline print and a -1.0% drop in the ex autos number.
Economic Vigilance Is ‘Absolutely Paramount,’ IMF Chief Says. Why She’s Less Upbeat Than Yellen.Apr 14, 2023 - 05:48:39 PDT
Kristalina Georgina, the fund's managing director, spoke the same week Treasury Secretary Janet Yellen called the outlook "reasonably bright."
Singapore's central bank on Friday left its monetary policy settings unchanged, reflecting the city-state's concerns about its growth outlook and surprising economists who had expected another round of tightening. The announcement came as Singapore's economic growth for the first quarter missed expectations.
Corporate Defaults Hit Highest Level Since 2016. Expect More to Come: Barron'sApr 14, 2023 - 05:45:11 PDT
The global economy is showing signs of cracking, and the credit market is one of the first places to feel the pain.
JPMorgan Chase & Co. has cut dozens of base metals clients and slashed bankers’ bonuses, as the business remains under harsh internal scrutiny in the wake of last year’s nickel crisis.
The cost of buying insurance against a U.S. government default has shot to its highest level in more than a decade, in an early sign of market concerns about the political impasse in Washington over the debt ceiling.
Brazil’s President Wants to End Dollar Dominance & Backs Calls for Brics Nations to Use Own CurrencyApr 14, 2023 - 05:39:27 PDT
"Who was it that decided that the dollar was the currency after the disappearance of the gold standard?" President Lula said on Thursday.
Following the Bank of Japan's launch this month of a pilot programme to test the use of a digital yen, the Ministry of Finance plans to convene a meeting of experts on April 21 to discuss the way forward. Central banks around the world have scrambled to develop digital currencies to modernize financial systems and facilitate domestic and cross-border payments.
Japan Inflation Seen Persisting, Export Slowdown to Push up Trade DeficitApr 14, 2023 - 05:33:27 PDT
Japan's core consumer inflation likely held steady in March, a Reuters poll of 19 economists showed, highlighting persistent price strains and keeping the central bank under pressure to shift away from stimulus. Speculation is rife that the Bank of Japan (BOJ) may tweak its bond yield control, or ditch it altogether, sooner or later under new Bank of Japan...
Morgan Stanley’s Us Stock Chief Sees More Than 20% Downside Coming for the S&P 500Apr 14, 2023 - 05:31:24 PDT
Mike Wilson reiterated his base-case scenario for the S&P 500 to end the year at 3,900, but along the way it will hit a trough at 3,000-3,300.
Offices Across America Must Be Torn Down, Says Investor Who Won Big in 2008Apr 14, 2023 - 05:29:12 PDT
Kyle Bass has some advice for real estate investors: Tear it down.
Apr 14, 2023 - 05:26:47 PDT
Complaints about surging prices at Costco stores are piling up on social media.
Global Bond Markets Fear Billions Will Vanish If Japan's Titans Race for ExitApr 14, 2023 - 05:25:18 PDT
Investors worried about the Bank of Japan’s threat to global markets have a chance to hear from those on the front lines in coming weeks.