Yellen warns of ‘constitutional crisis’ if Congress fails to act on debt
WASHINGTON, May 7 (Reuters) – U.S. Treasury Secretary Janet Yellen on Sunday issued a stark warning that a failure by Congress to act on the...
Gundlach thinks the banking stress won’t be over until the Fed starts cutting interest rates
MarketWatch/Joy Wiltermuth/5-3-2023 “It just seems to me that deposits are going to keep drifting out.…I don’t really see what’s going to make it stop, unless...
Apocalypse Now? Statist Paul Krugman Says There’s No Real Risk To The Dollar Unless The US Defaults On Its Debt ($187 TRILLION In Unfunded Liabilites That Keep Growing Requiring MORE Debt) – Confounded Interest – Anthony B. Sanders
The Federal government in Washington DC is broken beyond repair. Politicians get elected by promising free or cheap things, so they keep delivering the bacon....
Notable Quotable | Today’s top gold news and opinion
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– “The first step in theorizing correctly about money is to understand that the value of money, like that of commodities, is never fixed and...
China’s Gold Splurge Reaches Sixth Month as Reserves Rise Again
(Bloomberg) — China added to its gold reserves for a sixth straight month, extending a flurry of purchases as central banks around the world expand...
Daily Gold Market Report | Today’s top gold news and opinion
Gold incrementally higher in quiet trading ahead of inflation dataMore than a half-trillion dollars wiped out in banking crisis so far (USAGOLD – 5/8/2023) –...
Silver hit a 1-year high. Here’s why it can keep climbing.
MarketWatch/Myra P. Saefong/5-3-2023 “Demand for physical silver, and gold for that matter, is showing overall investor concern over the state of the economy, geopolitical turmoil,...
Central Bank Gold Buying Sets First Quarter Record
May 8, 2023 by Michael Maharrey 0 0 After a record-setting 2022, central banks continued to buy gold in the first quarter of 2023, setting a new Q1...
GLOBAL MARKETS-Waiting for ECB, nervous about Fed pivot and banking sector
By Rae Wee and Ankur Banerjee SINGAPORE, May 4 (Reuters) – Global stock markets sagged while the Japanese yen rose on Thursday in reaction to...
Stocks slump as regional banks tank: Stock market news today
Stocks slumped Thursday afternoon as markets digested the latest interest rate hike from the Federal Reserve and more pressure on the regional banking sector ahead...