Precious metals are apparently waking up. And here is where you can find the best deals.
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Jan 30, 2023 - 07:29:59 PST
I was interviewed by James Rosen at Fox News on the exploding US debt and whether it is a problem. I said “Yes, the sheer size of the US debt load in unsustainable and will get worse if interest rates rise.” Well, here we are!
Jan 30, 2023 - 07:27:40 PST
Despite polticians like President Biden cheerleading his great economic accomplishments and Treasury Secretary Janet Yellen dipping into Social Security to fund the Federal government (much like Bi…
As BofA rates strategist Ralf Preusser writes in his weekly preview, "this week is one for the record book. We have not seen these three major central bank decisions (Fed, BoE, ECB); and key data releases (US ISM, payrolls, and the employment cost index, as well as Euro Area inflation, GDP, and confidence data) in the same week before. Not to mention in combination with month-end flow, which given the incidence of supply in Europe should be sizeable in both EUR and GBP."
The Federal Reserve and investors appear to be locked in what one veteran market watcher has described as an epic game of “chicken.” What Fed Chair Jerome Powell says Wednesday could determine the winner.
Gold prices inched higher on Monday as the U.S. dollar eased, while market participants globally awaited central bank meetings, focusing on the Federal Reserve.
Federal Reserve chairman Jerome Powell could push the economy into a tailspin in a misguided attempt to safeguard his own legacy.
So here we are: the global credit-asset bubbles are popping, and the illusory "prosperity" generated by the bubbles is about to tumble off a cliff.
Hedge funds are betting this year’s stellar start for Treasuries is too good to last, quietly building up the biggest bearish bet on bond futures on record.
Bank of Japan Governor Haruhiko Kuroda on Monday stressed the importance of maintaining ultra-loose monetary policy to support the economy and prod companies to raise wages.
Ukraine Calls for Faster Weapons Supplies as Russia Presses Eastern OffensiveJan 30, 2023 - 05:39:29 PST
"The situation is very tough. Bakhmut, Vuhledar and other sectors in Donetsk region - there are constant Russian attacks," President Volodymyr Zelenskiy said in a video address late on Sunday.
The House speaker said he will meet Biden on Wednesday to discuss raising the debt ceiling while controlling government spending, adding that Republicans will not allow a U.S. default.
Odds ‘Very High’ of U.S. Military Conflict With China in the Next Two Years, Top Republican SaysJan 30, 2023 - 05:35:46 PST
A top Republican in the U.S. Congress said on Sunday the odds of conflict with China over Taiwan "are very high" after a U.S. general caused consternation with a memo that warned that the United States would fight China in the next two years.
China's central bank said on Sunday it will roll over three lending tools to increase support for targeted sectors of the economy.
Treasuries rallied this month on widespread anticipation that the Federal Reserve is nearing the end of its interest-rate hikes as inflation comes down and tighter financial conditions cool the economy. In the coming week, traders will find out if that’s likely the case as the central bank announces its latest decision and the monthly job-market report is released.
Federal Reserve Chair Jerome Powell is trying to avoid emulating both the derided Arthur Burns and the celebrated Paul Volcker as he confronts intense pressure to rein in inflation and sidestep a recession.
Fed officials face a fork in the road when forecasting inflation: Focus on moderating wage and price trends or persistently low unemployment?
In this edition of the Evergreen Chartbook, we will review the top charts that investors should track in 2023. We’ll also look at the potential path of interest rates, inflation, and our outlook for the Federal Reserve’s monetary policy. Lastly, we will go over some key visuals that impact stocks, bonds and commodities.
Bulls and bears are engaged in a fierce tug-of-war.
Wall Street banks, including JPMorgan and Goldman Sachs, are warning that Washington is heading for the riskiest debt ceiling confrontation since 2011, when the US lost its risk-free credit rating.
China's cabinet said on Saturday it would promote a consumption recovery as the major driver of the economy and boost imports, state broadcaster CCTV reported, at a time of cooling global demand as major economies teeter on the brink of recession.