Independent thinking for complex markets and current events
via Daniel Lacalle: Although the Federal Reserve and the European Central Bank’s message regarding interest rate cuts seems clear, reiterating their commitment to reducing inflation, the market is expecting between five and six interest rate cuts, between 125 and 150 basis points, in the next twelve months. This shows us the bubble bias of many investors. We live in …
via realclearinvestigations: Trouble has followed Sara Catherine Jones since she married into the Biden family almost three decades ago. Not long after her 1995 wedding to Jim Biden, she took a job with one of his brother Joe’s Senate donors, who later accused her of “fraud” and “unjust enrichment,” according to court records reviewed by …
In the current financial landscape, a palpable tension brews as markets lean towards anticipating an imminent Fed pivot, contrary to the central bank’s official stance. The prevailing sentiment suggests greed levels in the market are soaring to multi-year highs, as evidenced by the resilience of the S&P 500, even in the face of a pullback …
Tonight is the night before @JMilei's inauguration, and Argentines are gathering outside of the Central Bank to do a candlelight wake and say goodbye to it. Soon, we will do this for the Fed.pic.twitter.com/LzXCez84Ee — Spike Cohen (@RealSpikeCohen) December 10, 2023 Just mere hours away from Milei’s presidency, a group gathered outside of the Central …
by DAVID HAGGITH Photo by Eric Muhr on Unsplash Evidence of a severe recession that has already begun continues to build, and the cause is clear. As you can see in the following graph, money supply fell again in October and its “growth” has, during the Fed’s current quantitative tightening (QT), gone negative, since the end of …
by confoundedinterest17 You might as well face it, markets are “addicted to gov.” Government monetary interference, that is. Government money printing and massive Federal spending. According to Goldman calculations, $350BN of liquidity (in USD terms) was added in November from the G4 central banks + the PBOC was nothing short of a fire hose. In fact, this was the third …
Some people questioned in their replies that investors are dumping gold. Well, what about learning reading charts? pic.twitter.com/1ggz0BPlBh — Michael A. Arouet (@MichaelAArouet) December 3, 2023 Just one thing matters: in November, central banks added $350BN in liquidity, the third largest increase since March pic.twitter.com/xjThXLOQam — zerohedge (@zerohedge) December 4, 2023 🥇#Gold has broken from …
The current moment is crucial for the precious metals industry, and a monthly close at an all-time high could signal the start of a new secular move in gold. This potential shift is anticipated to be driven by central banks, which still hold 80% of sovereign debt relative to their balance sheet assets, and traditional …
Bank of Japan’s paper loss on JGB holdings grows to record $71bn Higher rates could erode finances if central bank moves toward easing exit TOKYO — The Bank of Japan’s unrealized losses on its Japanese government bond holdings swelled to 10.5 trillion yen ($71.2 billion) at the end of September, according to financial statements released …
🚨 BREAKING: Argentina's President-elect Javier Milei says he will close the country's central bank “The closing of the Central Bank (BCRA) is non-negotiable.” pic.twitter.com/NdWicYf9ja — Benny Johnson (@bennyjohnson) November 24, 2023 JUST IN: 🇦🇷 Argentina President Javier Milei confirms he will shut down the Central Bank. pic.twitter.com/MkHANrojKy — Watcher.Guru (@WatcherGuru) November 24, 2023 Newly Elected …
Japan grapples with a pivotal moment as its key inflation measure shows the first acceleration in four months, hinting at potential inflationary pressures. Simultaneously, the nation faces a persistent downturn in factory activity, marking the sixth consecutive month of contraction, intensifying speculation about the Bank of Japan’s imminent pivot away from NIRP (Negative Interest Rate …
Central banks are stuck, and the way governments handle money is causing trouble. Many people who suggest where to invest don’t have much gold in their plans right now. But, history shows that big money sources are starting to change and invest more in gold, making it a really good opportunity to consider. My thesis …
by welp007 Central bank digital currencies (CBDC) can replace physical money, especially in economies where cash deployment is costly, Managing Director of the International Monetary Fund Kristalina Georgieva said during a Wednesday speech. CBDCs are digital iterations of sovereign currencies like the U.S. dollar or the euro issued by central banks, potentially utilizing technologies that …
Central banks globally bought 337 tons of gold in Q3 2023, part of a broader trend. China, the top global gold producer, purchased 181 tons during the first nine months of 2023, contributing to a total of 800 tons acquired by central banks worldwide. This aligns with China’s strategy to reduce its reliance on the …
The Royal Bank of Canada raises concerns about Canadian homeowners facing potential payment shocks, especially as 60% of Canadian mortgages are set to renew within the next three years. The Royal Bank of Canada is warning that Canadian homeowners could experience a payment shock unless interest rates significantly decrease. 60% of Canadian mortgages will renew …
127 ASX-listed ‘zombie’ companies on brink of collapse, KPMG research warns Dozens of ASX-listed companies are on the brink of collapse and in need of drastic change to turn things around, with potential investors warned to be on the lookout for ‘zombie’ firms. According to data from big four accounting firm KPMG released on Monday, …
Sweden’s central bank is in dire need of a taxpayer bailout, joining the Bank of England, which received $35 billion in assistance the previous year. This trend is indicative of central bankers turning to already financially burdened taxpayers for support. The figures are even more staggering for the Fed, with a deficit exceeding a trillion …
https://twitter.com/BeRuzzia/status/1718131312219824235?ref_src=twsrc%5Etfw Russia’s Central Bank on Friday raised its key interest rate by two percentage points to 15 percent, a bigger increase than expected as the bank said it was trying to bring down stubbornly high inflation. The central bank, which said the annual inflation rate would range from 7 to 7.5 percent this year, …
An exploding manhole cover led to claims of an “explosion” hitting central London this morning as a cloud of white smoke was seen near Fenchurch Street station. Eyewitnesses on X, formerly Twitter, reported seeing “hundreds” of police officers and paramedics rushing to the scene. The station has been cordoned off, according to reports. The nature …
By Graham Summers, MBA Japan is slowing losing control of its bond market. The Bank of Japan (BoJ) is currently engaged in an open-ended Quantitative Easing (QE) program. In its simplest rendering, the BoJ starts buying the 10-Year Japanese Government Bond any time that bond’s yield rises to 1% or higher. It’s possibly the boldest QE program …
Yes, this is pretty bad and unsustainable…CBO:Federal Debt Held by the PublicPercentage of GDP pic.twitter.com/2v1YjHLUKX — David Sommers (@dgsommersmkts) October 19, 2023 “Central bankers don’t like to predict storms because everyone knows that if they say a storm is coming, then it’s probably going to be a hurricane…” Inside Job — Nikolay Kolarov, CFA (@libertniko) …
Former Speaker Kevin McCarthy did a deal with Biden to suspend the debt ceiling entirely until 2025. So there is no debt limit now. That is one of the reasons he was removed as Speaker. Conservatives felt that was crazy to allow Biden to borrow unlimited amounts of money for 18… — Wall Street Mav …
Global central banks have been buying record amounts of gold as they seek to diversify reserves away from the dollar. “We expect central banks to continue their role as net purchasers of gold,” according to the head of gold strategy at State Street. The trend appears to be part of the broader de-dollarization drive, led …
by Quant2011 India and Poland. Yes, China, Russia, Turkey and Uzbekistan added a lot of gold too- but they got this gold from their own mines. They were not forced to buy that gold from other nations. This little aspect is totally ignored by all PM experts. All the above listed central banks bought only …
by j_stars Japanese bond yields yoinking higher. Japan’s Federal Debt is 265% of GDP. Won’t be too long.
Christine Lagarde, president of the European Central Bank, said that the digital euro would not have the anonymity of cash. pic.twitter.com/7twdaADZqF — illuminatibot (@iluminatibot) October 2, 2023
The impact of spiking interest rates after more than 10 years of 0% is hitting. More here: Onset of the Economic Avalanche Becomes Clear Recession Warning: Employers Slash Staff at Record Pace Since 2009 The global business landscape is under strain, with the UK signaling a potential worldwide recession. A new survey reveals the …
A vast majority of global central banks are exploring the scope of issuing their own digital currencies – and it’s a trend that could eventually aid the international campaign to shift away from the dollar, according to a research paper published by International Monetary Fund staff. Up to 93% of monetary authorities around the world …
