The banking crisis is making gold great again. In intraday trading on Monday, gold prices reached $2,014 per ounce. At the time of this writing, the yellow metal is trading at around $1,989. Gold found support from various factors: the banking crisis (investors seeking shelter), shifting interest rate expectations (sensitive to interest rates), and a […]
Archives for March 2023
Report: More Republicans, Democrats support unlimited deposit insurance
In the aftermath of Silicon Valley Bank and Signature Bank, there is a bipartisan push in Washington to create unlimited deposit insurance. Today, the Federal Deposit Insurance Corporation (FDIC) insures accounts up to $250,000. This changed last week when the U.S. government bailed out insured and uninsured depositors, including those with ties to the Chinese […]
Donald Trump could be arrested next week over Stormy Daniels payments, Fox News reports
Something historic could happen next week. Fox News is reporting that former President Donald Trump will be arrested next week. “The Manhattan DA’s office has asked for a meeting with law enforcement ahead of a potential Trump indictment,” Fox reported. “This is coming to Fox News from a source in the courts.” The issue? Investigators […]
#FlashbackFriday: Donald Trump warns Fed rate hike would pop the ‘big, fat, ugly bubble’
Since it is Flashback Friday, now would be a good time to share this clip of then-Candidate Donald Trump warning about what would happen if the Federal Reserve raised interest rates. During a debate with Hillary Clinton, he warned that a rate hike would pop the “big, fat, ugly bubble.” Here is the clip: FLASHBACK: […]
Federal Reserve restarts quantitative easing (QE) as balance sheet explodes in one week
Well, it has not even been a year since the Federal Reserve began trimming its balance sheet. It turns out that the Eccles Building restarted quantitative easing (QE) in the last week, taking on approximately $300 billion in assets. Here is a look at the more than $8.6 trillion balance sheet: Yikes.