UN Agency Warns of Global Recession Due to Tightening Monetary Policy

The United Nations Conference on Trade and Development (UNCTAD) got it half right. The UN agency warned that there is a high risk of a global recession due to central banks tightening monetary policy to fight inflation. But the solutions offered reveal …

Experts Warn Homebuyers Of Red Flags Beyond Climbing Interest Rates

Over the past two years, houses nationwide were going like hotcakes, with sellers often receiving tens or even hundreds of thousands of dollars over asking price. Buyers often waived inspections and picked up some of the sellers’ costs in dire hopes of …

Against Interest Rate Reductionism

“Monetary policy is about money, not interest rates. Central bankers should stop trying to implement monetary policy by messing with relative prices. There are better measures and more effective transmission mechanisms.” ~ Alexander William Salter Source: https://www.aier.org/article/against-interest-rate-reductionism/ …

BofA Warns Of ‘Bear Stearns Moment’ If Central Bank Put Fails

Crucially the bank points out that the UK events also highlight that even when a risk is well-telegraphed (global tightening), markets remain full of hidden risks. Source: https://www.zerohedge.com/markets/5-lessons-crisis-bofa-warns-uk-turmoil-can-spill-over-tail-risks-arent-dead …

Credit Suisse Is in Deep Trouble

The No. 2 Swiss bank and one of the largest banks in the world is in deep trouble and is currently fighting for its survival. A negative outcome is likely to cause a shock similar to that caused by the bankruptcy of …

Prepare for Capital Controls – The Third Horseman of the Unholy Trinity’s Apocalypse

Historically speaking, according to Napier, “Gold is the standard asset for financial repression.” Source: https://fortuneandfreedom.com/topic/financial-independence/capital-currency-interest/ …

JPMorgan Is Worried About Who’s Going to Buy All the Bonds: Bloomberg

“We remain concerned about the (lack of) structural demand for Treasuries.” Source: https://www.bloomberg.com/news/articles/2022-10-03/jpmorgan-is-worried-about-who-s-going-to-buy-all-the-bonds#xj4y7vzkg …

Banks Divert Gold Supply From India to China, Turkey

Gold-supplying banks have cut back shipments to India ahead of major festivals in favour of focusing on China, Turkey, and other markets where better premiums are offered, three bank officials and two vault operators told Reuters. Source: https://www.reuters.com/markets/commodities/exclusive-banks-divert-gold-supply-india-china-turkey-sources-2022-10-04/ …

Perhaps This Is Why Gold and Silver Have Begun to Outperform the Stock Market

A survey was done by CreditCards.com in which 60% of the respondents said that they have been in credit card debt for at least a year. That’s up from 50% a year ago. Forty percent said they’ve been in credit card debt …

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