Global markets are tanking ahead of a huge week for central banks
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, June 1, 2022. Brendan McDermid | Reuters LONDON...
Notable Quotable | Today’s top gold news and opinion
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– “If we are lucky, the next Fed-caused downturn will cause only a resurgence of 1970s-style stagflation. The more likely scenario is the type of...
Back to Budget Deficits Despite Surging Government Revenue
June 13, 2022 by SchiffGold 0 0 After running a budget surplus in April thanks to an influx of tax-day tax receipts, the federal government reverted back to...
Alarm! Nasty Inflation Report Leads To No-bid For MBS (Duration Risk Has Extended To 7 From
Alarm! The CPI news on Friday was so awful that it changed the bond market’s view of Fed trajectory, and the weakest sector broke. In...
Larry Summers says Fed forecasts look ridiculous, warns on rate delay
Bloomberg/Chris Anstey/6-10-2022 “‘It’s pretty clear that peak-inflation theory, like ‘transitory’ theory is kind of wrong,’ Summers told Bloomberg Television’s ‘Wall Street Week’ with David Westin....
How money printing destroyed Argentina and can destroy others
Daniel Lacalle/5-22-2022 “No, inflation in Argentina is not multi-causal, it only has one cause: an extractive and confiscatory monetary policy. Printing pesos without control and...
Watch: ECB’s Lagarde Threads Needle Of Rate-Hikes Amid EU Defragmentation & Stagflation Forecast
Following The ECB’s statement, traders have moved rate-hike expectations up to around 150bps by December 2022… All eyes will now be on what Lagarde says...
Top economist Mohamed El-Erian says the market rally isn’t a buy signal as stagflation looms. ‘I would take some chips off the table’
U.S. stocks just had one of their worst starts to a year in history, with the S&P 500 falling nearly 19% through mid-May to a...
Asian shares mixed after rate jitters tumble on Wall Street
BANGKOK (AP) — Shares were mostly lower in Asia on Friday, with only Shanghai rising, after stocks tumbled on Wall Street on expectations central banks...
Opinion: Inflation is making everything we buy more expensive, and once stagflation hits things could get even worse
Last month I examined the culprits that are causing global inflation, including rising interest rates, persistent supply chain issues (China locking down cities), and climbing energy...