Gold sparkles in stormy week for markets
Focus on Fed policy meeting next week Gold to shine through the chaos – analyst All precious metals head for weekly gains Gold touches 11-month...
‘Smart Money’ Rushing To GOLD “We Are Past the Point of NO RETURN”
Are large entities finally recognizing the inevitable and investing in gold? Join Mike Maloney as he delves into the exciting topic of a major shift...
Argentina Raises Benchmark Leliq Rate By 300 Basis Points To 78% To Fight Inflation Of 102.5% (While Fed INCREASES Balance Sheet To Fight Banking Crisis) – Confounded Interest – Anthony B. Sanders
Cry for Argentina! Their central bank boosted its benchmark Leliq rate by 300 basis points to 78%. The monetary authority’s board considered the increase in...
Inflation = Fed Rate Hikes = Treasury/MBS Duration Increases = Bond Losses = Bank Runs) Bond Volatility Highest Since 2008 – Confounded Interest – Anthony B. Sanders
So, the Biden Administration made a horrible error by guaranteeing deposits at Silicon Valley Bank for deposits over $250,000. Essentially, Biden bailed out big tech...
Fed Dead Redemption! Flight To Safety As US Treasury 10-Year Yield Drops -16 Basis Points And Fed Discount Window Soars (Wrong Way Yellen Strikes Again!) – Confounded Interest – Anthony B. Sanders
Its crisis time again. First, The Fed’s discount window soared to its highest level since … you guessed it … the previous financial crisis of...
Fed Loaned $160 Billion to Banks and $142 billion to FDIC. But QT-Related Roll-off Continued
At around 4.75%, plus collateral, these are expensive loans for banks. By Wolf Richter for WOLF STREET. The Fed’s balance sheet through Wednesday, released today, shows to what...
Multiple Banks Curb Trading With Credit Suisse As Deposit Run Continues Despite SNB Rescue
Update (1345ET): At least four major banks including Societe Generale and Deutsche Bank have placed restrictions on their trades involving Credit Suisse or its securities, Reuters reports, citing five unidentified people with direct...
US Leading Economic Indicators Tumble For 11th Straight Month, Signal Recession Imminent
The Conference Board’s Leading Economic Indicators (LEI) continued its decline in February, dropping 0.3% MoM (vs -0.3% exp). This is the 11th straight monthly decline...
Through the Eyes of Greed
When gas prices rose 150 percent from June 2020 to June 2023, politicians and the media didn’t hesitate to blame corporate greed. The evidence they...
More than 5 million households still behind on their rent
Viorel Kurnosov | Istock | Getty Images With roughly two more months before the U.S. Department of Health and Human Services ends the three-year Covid...