ASEAN Finance Ministers and Central Banks Consider Dropping US Dollar, Euro and Yen, Indonesia Calls for Phasing Out Visa and Mastercard
An official meeting of all ASEAN Finance Ministers and Central Bank Governors kicked off on Tuesday (March 28) in Indonesia. Top of the agenda are...
Pozsar’s Warning Of Dollar’s Waning Sway Comes True
By Ye Xie, Bloomberg Markets Live reporter and strategist In a quick succession this week, Beijing unveiled ground-breaking deals to further its efforts to promote...
Fed’s Favorite Inflation Signal Slows But Wage-Growth Soars; Savings Rate Hits 1-Year High
The Fed’s favorite inflation indicator – Core PCE Deflator – was expected to remain ‘sticky’ at 4.7% (but instead it came in modestly lower at...
Gold eases but remains on course for quarterly rise
Key U.S. inflation gauge slightly below expectations All precious metals set to gain in March March 31 (Reuters) – Gold prices were on track for...
Janet Yellen: Keynesian Egghead – The Daily Reckoning
“Old soldiers never die,” said Gen. Douglas MacArthur in his long-ago farewell address of April 1951. “They just fade away,” he added with a note...
Are Banks Signaling a Recession?
Up until February, you would have done well to be overweight banks. “Banks do well in a rising interest rate environment” was the simple thesis....
Exclusive: Germans shun deposits abroad on fear of new crisis
Demand for foreign deposits down 15%-20% since SVB collapse Germans seek safety in domestic banks, platforms say Smaller, foreign banks forced to raise rates FRANKFURT,...
Congress Sweats the Small Stuff as Four Wall Street Mega Banks Have a Combined $3.3 Trillion in Uninsured Deposits
Editor’s Update: The FDIC has confirmed that none of the $622.607 billion in deposits in foreign offices/branches of Citibank are FDIC insured. See the stunning...
Petro-Yuan Or Petro-BRICS: The Need For Better Alternative Reserve Currencies To Break Dollar Dominance
US’s attempt to counter domestic inflation by coming out of the zero rate era led to severe distortions in the global currency markets due...
Yellen: US Must Address Vulnerabilities in ‘Shadow Banking’
U.S. Treasury Secretary Janet Yellen wants more oversight for the nonbank sector. In remarks to the National Association for Business Economics annual conference Thursday (March...