A $3 trillion threat to global financial markets looms in Japan
Bloomberg/Ruth Carson, Masake Kondo and Michael Mackenzie/3-29-2023 “Bank of Japan Governor Haruhiko Kuroda changed the course of global markets when he unleashed a $3.4 trillion firehose of...
Schwab Eyes Worst Month Since 1987 as Cash Shifts to Money Funds
(Bloomberg) — Charles Schwab Corp. is on pace for its worst month in more than 35 years, sparking a debate among analysts as to whether...
Opinion: ‘Most U.S. banks are technically near insolvency, and hundreds are already fully insolvent,’ Roubini says
In January 2022, when yields on U.S. 10-year Treasury bonds TMUBMUSD10Y, 3.511% were still roughly 1% and those on German Bunds were -0.5%, I warned that inflation would be bad...
Bank of England calls for urgent action on funds that nearly toppled UK financial system
CNN Business/Julia Horowitz/3-29-2023 “This would allow them to withstand ‘severe but plausible stresses’ in the UK government bond market and meet any calls to post...
The Fed Prints $324B in March As QE Restarts
March 31, 2023 by SchiffGold 0 0 By now it should be common knowledge that the Fed has blown up its balance sheet rather quickly to combat the...
Why the Dollar-based International System Is Breaking Up
The Federal Reserve’s higher interest rates after 12 years of zero interest rates are devaluing the asset side of banks’ balance sheets. This frightens depositors and...
Notable Quotable
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– “Inflation oscillates: it’s an idea when it’s not about, and a defining feature when it is. The only other word which comes to mind...
It’s the U.S., not Europe’s banking system that’s a concern, top economists say
A cargo barge on the River Rhine near the European Central Bank (ECB) headquarters at sunset in the financial district in Frankfurt, Germany, Bloomberg |...
An insolvency iceberg? | Today’s top gold news and opinion
Project Syndicate/ Takatoshi Ito/3-28-2023 “What will happen next? It is reasonable to assume that as interest rates in the United States and Europe continue to...
Slower China factory activity growth challenges economic recovery prospects
Manufacturing PMI 51.9 in March vs 52.6 in Feb Non-manufacturing PMI expands at fastest pace in nearly 12 years BEIJING, March 31 (Reuters) – China’s...