Billionaire Jeffrey Gundlach, aka the “Bond King,” expects the Federal Reserve to raise interest rates at its March meeting next week, which “would be the last increase,” he said. In addition, Gundlac...
Tag: Economics
Bank Deposits Over the FDIC Limit Are Risky. How to Protect Yourself.
Government regulators took the extraordinary step over the weekend of making whole uninsured depositors at two failed banks, but savers shouldn’t count on similar treatment if other banks fail in the ...
Goldman Sachs Now Expects No Rate Hike in March Due to Stress in US Banking System – Economics Bitcoin News
Goldman Sachs has revised its U.S. interest rate forecast due to “stress in the banking system.” The global investment bank no longer expects the Federal Reserve to raise interest rates at its Federal...
Silicon Valley Bank Failure Highlights Dangers of Fractional-Reserve Banking – Economics Bitcoin News
After the failure of Silicon Valley Bank (SVB), a great deal of Americans are starting to realize the dangers of fractional-reserve banking. Reports show that SVB suffered a significant bank run after...
Billionaire Warns of Imminent Bank Runs if Government Fails to Guarantee All SVB Deposits – Economics Bitcoin News
Billionaire Bill Ackman has warned of “vast and profound” consequences of the U.S. government letting Silicon Valley Bank (SVB) fail without protecting all depositors. “No company will take even a tin...
Central Bank of Bolivia Selling Dollars Directly to Citizens as Devaluation Fears Rise – Economics Bitcoin News
The Central Bank of Bolivia is now selling dollars directly to citizens in order to curb what it is calling a speculative attack that has increased the demand of the population for foreign currency. T...
Steve Forbes Says the Fed Is ‘Inflicting Unnecessary Pain’ With Interest Rate Hikes – Economics Bitcoin News
Media mogul Steve Forbes, chairman of Forbes Media, has warned that the Federal Reserve is “inflicting unnecessary pain” on the U.S. economy with its interest rate hikes after Fed Chair Jerome Powell ...
‘Pay Attention to QT and the Money Supply’ – Economics Bitcoin News
During the Covid-19 pandemic, central banks such as the U.S. Federal Reserve loosened fiscal and monetary policy. Now, these same financial institutions are seemingly engaging in quantitative tighteni...
Fed Chair Warns of Higher Interest Rates Than Previously Anticipated, Faster Hikes – Economics Bitcoin News
Federal Reserve Chairman Jerome Powell has warned that “the ultimate level of interest rates is likely to be higher than previously anticipated.” In addition, if faster tightening is warranted, the Fe...
India-Russia Oil Deals Chip Away at Dollar Dominance in International Trade – Economics Bitcoin News
On Wednesday, Reuters reported that Western sanctions on Russia and oil trading between Moscow and India have started to erode the dollar’s decades-old dominance of international oil trade. The oil de...
Like Venezuela, Some Retailers in Argentina Are Now Pricing Items in Dollars – Economics Bitcoin News
Some retailers in Argentina are already pricing imported items in U.S. dollars, according to reports from local news outlets. The idea behind this would be to keep prices stable and avoid repricing ar...
Silver Proponent Predicts Medium-to-Long-Term Prices of $125 Per Ounce Thanks to Auto Industry – Economics Bitcoin News
Silver prices have been hovering just below the $21 per troy ounce mark over the last 24 hours, after jumping above the $24 range in mid-January. While long-term and modest forecasts expect silver to ...
Central Banks Continue to Show Strong Demand for Gold in 2023, Says World Gold Council Report – Economics Bitcoin News
Central banks show continued demand for gold in 2023, as per a recent report from the World Gold Council (WGC), which noted that the world’s central banks accumulated 31 tons of the precious metal in ...
Bank of America Expects the Fed to Keep Hiking Rates Until ‘Point of Pain’ for Consumer Demand – Economics Bitcoin News
Bank of America has warned that the Federal Reserve will have to keep raising interest rates until it finds “the point of pain for consumer demand.” Expecting a slowdown in consumer demand to “lead to...
Fed President Warns of ‘Disastrous Results’ if the Fed Loosens Policy Prematurely — Says ‘Inflation Remains Too High’ – Economics Bitcoin News
Federal Reserve Bank of Atlanta’s president has warned of disastrous economic consequences similar to those seen during the financial crisis of the 1970s if the Fed loosens its policy prematurely. Not...
Robert Kiyosaki Says World Economy on the Verge of Collapse — Warns of Bank Runs, Frozen Savings, Bail-Ins – Economics Bitcoin News
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says the world economy is on the verge of collapse. He warned investors about the risks of bank runs, frozen savings, and...
Economist Peter Schiff Warns the Fed Could Be Fighting ‘Complete Economic Collapse’ – Economics Bitcoin News
Economist Peter Schiff has predicted that the U.S. Federal Reserve will ultimately throw in the towel on its inflation fight to confront “something it fears even more, which is a complete economic col...
The Stock Market Doesn’t Look Cheap, Any Way You Slice It
Stock indexes closed another losing week in a downbeat February, as investors continue to debate the path of the economy and monetary policy. It’s a decidedly muddled outlook for the market from a fun...
Billionaire ‘Bond King’ Jeffrey Gundlach Warns of ‘Painful Outcomes’ in Next Recession – Economics Bitcoin News
Billionaire Jeffrey Gundlach, aka the “Bond King,” has warned of “painful outcomes that are coming in the next recession.” Commenting on the Federal Reserve’s attempt to curb inflation, he cautioned: ...
Any Way You Slice It, Stocks Still Don’t Look Cheap
Text size This past week’s numbers gave investors plenty to fret about. Spencer Platt/Getty Images Stock indexes closed another losing week in a downbeat February, as investors continue to debate the ...
Continued Sanctions On Russia “Unlikely To Deliver A Knockout Blow,” Think Tank
A view of the Kremlin’s Spasskaya tower and St. Basil’s cathedral taken during the last day of the … [+] three-day parliamentary and local elections in Moscow on September 19, 2021. ...
Weird Winter Weather Set To Send Wheat Prices Back Higher
MYRONIVKA, UKRAINE – JULY 29: A stork flies above a wheat field as a combine harvester of TVK Seed … [+] agricultural company harvests wheat on July 29, 2022 not far from Myronivka, Ukrain...
Is the U.S. Economy In Recession? What the Fed—and Everyone Else—Got Wrong.
It was roughly a year ago, after the Russian invasion of Ukraine caused an oil-price shock and the Federal Reserve kicked off its interest-rate-tightening campaign, that forecasters began warning in e...
Inflation Ran Hot in January. The Hidden Reasons Rate Hikes Aren’t Working—Yet
Inflation data published Friday show that consumer price growth reaccelerated in January, marking the latest sign that the U.S. economy is defying the Federal Reserve’s attempts to cool demand. The da...
Banks Torched After Pound Taps New Low Versus the US Dollar – Economics Bitcoin News
The Lebanese pound’s fall to its lowest ever versus the U.S. dollar, 80,000 to 1, has piled more misery on residents whose local currency-denominated savings have been decimated by inflation. The ongo...
US Markets Tumble as Real Estate Weakens, Putin Suspends Nuclear Treaty, Morgan Stanley Warns of Stock Market ‘Death Zone’ – Economics Bitcoin News
On Tuesday, all four major U.S. benchmark stock indexes fell as real estate data showed home sales dropped by 0.7% last month and Russian President Vladimir Putin suspended the nuclear arms control tr...
Expert Predicts Looming Economic Collapse as BRICS Nations Unite Against the Dollar – Economics Bitcoin News
Andy Schectman, CEO of Miles Franklin Precious Metals Investments, explained in a recent interview that the five leading emerging economies—Brazil, Russia, India, China, and South Africa, collectively...
Companies Are Getting More Confident About Profits. What It Means for Stocks.
Companies are just beginning to get more confident in their profit outlooks, although the stock market has a lot to sort through before it is likely to stage any substantial rally. Still, the signs o...
Redfin Is Upbeat About This Year. So Is Wall Street.
Text size Redfin reported a smaller earnings loss than expected for the fourth quarter and full year. Elijah Nouvelage/Bloomberg Redfin has reported a smaller-than-feared earnings loss. Analysts respo...
Economist Warns the Fed Can’t Reach Inflation Target Without ‘Crushing’ US Economy – Economics Bitcoin News
Economist Mohamed El-Erian, Allianz’s chief economic advisor and chair of Gramercy Funds Management, has warned that the Federal Reserve cannot achieve its 2% inflation target without crushing the U.S...
U.S. Debt Is Over $30 Trillion. Who’s on the Other Side of Those Liabilities?
About the authors: Paul J. Simko is the Frank M. Sands Sr. associate professor of business administration at the University of Virginia Darden School of Business. Richard P. Smith is managing director...