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Market detectives looking to explain the fury of Thursday’s Treasuries selloff will find most of the evidence pointing to technical rather than fundamental reasons. A combination of supply indigestion, a potential $50 billion position unwind and vanishing liquidity exacerbated moves as traders aggressively repriced the Federal Reserve rate-hike outlook...
READ MORECentral banks in Asia struggled to smother a selloff in global bonds on Friday, piling pressure on their bigger peers to do more, as spooked investors sold assets to cover deepening losses and rushed out of crowded positions in stocks.
READ MOREAfter rallying at the start of 2021, developing-nation assets have slumped during the past two days as U.S. Treasury yields jumped to the highest level in more than a year, sounding a warning about the outlook for interest rates and inflation.
READ MOREStock futures were volatile in early morning trading Friday after the Nasdaq Composite suffered its worst session since October.
READ MOREThanks to government handouts starting to wash across the nation, analysts expected personal incomes to explode higher in January (and spending to rise after two declining months) and they were right. Personal incomes rose 10.0% MoM (better than the +9.5% expected) while spending rose 2.4% MoM (slightly worse than the +2.5% expected)....
READ MORENew $1,400 stimulus checks and monthly child tax credit payments could result in a big payday for a family of four earning less than $150,000.
READ MOREIndia's micro, small and medium businesses contribute about 30% to the nominal GDP and the sector is the second-largest employer, according to the RBI.
READ MOREChina would surpass the U.S. as the world's largest economy around 2027-2028, said an economist from the Bank of America.
READ MOREThanks to government handouts starting to wash across the nation, analysts expected personal incomes to explode higher in January (and spending to rise after two declining months) and they were right. Personal incomes rose 10.0% MoM (better than the +9.5% expected) while spending rose 2.4% MoM (slightly worse than the +2.5% expected)....
READ MOREFear of inflation is causing investors to speculate the Fed may have to shift policy sooner than expected.
READ MOREInflation; “The combined effects of unprecedentedly large shocks, and unprecedentedly high degrees of policy support, have stirred it from its slumber. In this environment, the tiger-taming act facing central banks is a difficult and dangerous one,” Haldane said.
READ MORENow a fresh proposal is in front of the Biden Administration to support the issuance of $500-650 billion in new SDRs, with Secretary Yellen playing a key decision making role. One immediate benefit of her choosing to back a new issuance is that these resources are flexible and could be used by both richer and poorer countries to meet a range of development needs related to the Covid-induced economic crisis, including rising hunger and joblessness.
READ MOREDemocrats are trying to pass the $1.9 trillion relief bill, which includes direct payments and unemployment benefits, by March 14.
READ MOREFor the sixth consecutive week infections have plummeted worldwide. Our Global Health team looks at what might explain the fall in cases.
READ MOREThe U.S. is recording at least 73,300 new Covid-19 cases and at least 2,160 virus-related deaths each day, based on a seven-day average of JHU data.
READ MORE“Gold items were not very common during the Viking Age,” says Allison Fox, an archaeologist at Manx, in the statement. “Silver was by far the more common metal for trading and displaying wealth. It has been estimated that gold was worth ten times the value of silver and that this arm ring could have been the equivalent of 900 silver coins.”
READ MORENevada and its silver districts built the western territory into a modern American state. Today, the world best knows Nevada for its modern gold production—however, a new generation is rediscovering Nevada’s famous silver districts and their potential.
READ MORE“There are other supportive factors for gold at play (including) prospects of another stimulus package. We’re not out of the woods yet when it comes to economic recovery and the Fed is unlikely to raise interest rates anytime soon,” High Ridge Futures’ Meger said.
READ MOREWith all eyes on silver this week, take a deep dive into whether or not the COMEX could actually be broken. Is this a sprint to the finish? Or a marathon event? Join Mike Maloney and Jeff Clark as they welcome our new regular guest, Adam Taggart, to our team at GoldSilver.com.
READ MOREBut going forward, the brutal facts of America’s crippled economy are crashing down on Biden and his Woke managers like the wrath of history. All the executive orders in the world won’t change that.
READ MORE