Neueste Heute 16.05.2024 15.05.2024
Stocks Pause After Dow Briefly Touches Historic 40,000
16.05.2024, 22:02 Uhr. ZeroHedge News - https: - Stocks Pause After Dow Briefly Touches Historic 40,000 The Dow Jones Industrial Average surged above the historic 40,000 mark in late morning and early afternoon trading. Euphoria was high as bulls celebrated Dow 40,000. This week's gains across broad equity indexes were primarily driven by a cooler April CPI print and dismal retail data on Wednesday...
$27,000 Gold
16.05.2024, 20:25 Uhr. ZeroHedge News - https: - $27,000 Gold Authored by James Rickards via DailyReckoning.com, I’ve previously said that gold could reach $15,000 by 2026. Today, I’m updating that forecast. My latest forecast is that gold may actually exceed $27,000. I don’t say that to get attention or to shock people. It’s not a guess; it’s the result of rigorous analysis. Of course,...
Escobar: De-Dollarization Bombshell - The Coming Of BRICS+ Decentralized Monetary Ecosystem
16.05.2024, 05:40 Uhr. ZeroHedge News - https: - Escobar: De-Dollarization Bombshell - The Coming Of BRICS+ Decentralized Monetary Ecosystem Authored by Pepe Escobar, Get ready for what may well be the geoeconomic bombshell of 2024: the coming of a decentralized monetary ecosystem. Welcome to The Unit – a concept that has already been discussed by the financial services and investments working...
Bill Hwang Wanted To Become A "Wall Street Legend", Prosecutors Allege In Opening Statements
15.05.2024, 23:20 Uhr. ZeroHedge News - https: - Bill Hwang Wanted To Become A "Wall Street Legend", Prosecutors Allege In Opening Statements As the Bill Hwang trial began making its way through its first week, prosecutors described the family office manager as someone attempting to "become a legend on Wall Street" to jurors, according to the Financial Times. The trial of Hwang in Manhattan began...
Stimulus Today Costs Dearly Tomorrow
15.05.2024, 20:05 Uhr. ZeroHedge News - https: - Stimulus Today Costs Dearly Tomorrow Authored by Michael Lebowitz via RealInvestmentAdvice.com, Since the pandemic-related bazooka of fiscal stimulus, the outstanding Federal debt has risen appreciably. In nominal dollar terms, the recent debt surge is mindboggling. However, the increase is on par with the government’s negligent ways over the last...
Bitcoin Paves The Way For A New Era Of Free Market Banking
15.05.2024, 19:25 Uhr. ZeroHedge News - https: - Bitcoin Paves The Way For A New Era Of Free Market Banking Authored by Nick Giambruno via InternationalMan.com, Hal Finney was a pioneering computer scientist, cryptographer, and prominent Cypherpunk who played a crucial role in the early development of Bitcoin. He was one of the first supporters, contributors, and adopters of Bitcoin. In short, Finney...
Did Michael Cohen Commit Perjury In The Trump Trial?
15.05.2024, 16:45 Uhr. ZeroHedge News - https: - Did Michael Cohen Commit Perjury In The Trump Trial? Authored by Jonathan Turley, Below is a slightly expanded version of my column in the New York Post on the first day of cross examination for Michael Cohen. He still has one day of cross examination ahead of him on Thursday. With the government resting after Cohen’s cross examination, I believe...
Fiscal Bazooka: China Considers Buying Millions Of Homes To Save Property Market
15.05.2024, 13:03 Uhr. ZeroHedge News - https: - Fiscal Bazooka: China Considers Buying Millions Of Homes To Save Property Market In April's politburo meeting, the Chinese government's newfound focus on an oversupplied housing market was setting the stage to usher in new rescue policies to stabilize the economy. Weeks later, Bloomberg reported that the government was considering a plan for local...
Elections And Devaluations
15.05.2024, 04:40 Uhr. ZeroHedge News - https: - Elections And Devaluations Authored by Yves Smith via NakedCapitalism.com, Yves here. It’s revealing that Serious Economist Jeffrey Frankel limits himself to third-world examples in his case studies below on post-election devaluations. Perhaps it would be unseemly to look at, say, the US, UK, Japan, South Korea, or even Australia (admittedly the latter...
Clearing Demand
14.05.2024, 20:03 Uhr. ZeroHedge News - https: - Clearing Demand By Ahmed Bin Sulayem Since its establishment in 2005, the Dubai Commodities Clearing Corporation (DCCC) has been the central counterparty for clearing and settlement services to the Dubai Gold & Commodities Exchange (DGCX). Emerging as the largest clearing house in the MENA region by volume, DCCC is now poised to play a far more multinational...
Copper Scrappers Target Tesla Superchargers As Metal Prices Soar
14.05.2024, 19:01 Uhr. ZeroHedge News - https: - Copper Scrappers Target Tesla Superchargers As Metal Prices Soar In the early 1950s, a notorious bank robber, one of the first fugitives on the FBI's Ten Most Wanted list, was asked after his capture: Why did you rob banks? William Sutton's response: "Because that's where the money is." Fast-forward to today. Thieves are targeting electric vehicle...
'Good News Is Bad News' Is The Worst News For Stocks
14.05.2024, 18:40 Uhr. ZeroHedge News - https: - 'Good News Is Bad News' Is The Worst News For Stocks Authored by Simon White, Bloomberg macro strategist, We’re back in a “bad news is good news” regime for stocks, where weak economic data prompts higher prices. That’s typically a supportive backdrop for equities, but investors should be alert for when stocks fail to rally on good news as this...
I've Got A Bad Feeling About This
14.05.2024, 16:43 Uhr. ZeroHedge News - https: - I've Got A Bad Feeling About This By Michael Every of Rabobank Ideally, I would have written this on May 4th not 14th, but I am going to talk Star Wars. I was a fan in 1977, kept the flame alive when only battered VHS cassettes of the original trilogy existed, and was delighted to get prequels. Until the opening crawl announced, “The taxation of trade...
Unfixable: Michael Cohen Faces Reckoning Of Biblical Proportions On Cross Examination
14.05.2024, 16:05 Uhr. ZeroHedge News - https: - Unfixable: Michael Cohen Faces Reckoning Of Biblical Proportions On Cross Examination Authored by Jonathan Turley, Below is my column in the New York Post on the first day of the examination of Michael Cohen. He is expected to start his cross examination today. How bad will it be? After lying to Congress, courts, banks, and most everyone else, it will...
Pressure On China Heightens As Capital Outflow Chokes Liquidity
14.05.2024, 03:01 Uhr. ZeroHedge News - https: - Pressure On China Heightens As Capital Outflow Chokes Liquidity Authored by Simon Black, Bloomberg macro strategist, The latest money data from China shows its capital-outflow problem is worsening, pressuring policymakers to allow a further weakening in the currency. China released money and inflation data over the weekend. CPI and PPI were not great...
"Combat Illegal Corporate Behavior" - Dem Lawmakers Urge Biden To Use Executive Action Against High Food Prices
14.05.2024, 02:00 Uhr. ZeroHedge News - https: - "Combat Illegal Corporate Behavior" - Dem Lawmakers Urge Biden To Use Executive Action Against High Food Prices Greedflation is a myth, and Democrats are well aware of this. However, they will never acknowledge that corporate greed isn't the root cause of inflation, as greed tends to be constant in the economy. What changed is the overstimulation...
China's Broadest Credit Metric Just Turned Negative For The First Time Since 2005
13.05.2024, 22:40 Uhr. ZeroHedge News - https: - China's Broadest Credit Metric Just Turned Negative For The First Time Since 2005 China has lots of economic problems (even if the market has been surprisingly generous in the past 4 months and allowed Chinese stocks to surge despite any actual economic rebound or recovery), but this is a new one. It is hardly a secret that for much of the past 15 years...
"There's A Lag In The Real Economy... And It's Hitting Now" - Ed Dowd Warns Of "Huge Credit Crisis Coming"
13.05.2024, 20:40 Uhr. ZeroHedge News - https: - "There's A Lag In The Real Economy... And It's Hitting Now" - Ed Dowd Warns Of "Huge Credit Crisis Coming" Via Greg Hunter’s USAWatchdog.com, Former Wall Street money manager Ed Dowd is a skillful financial analyst. Even though he has a wildly popular book on CV19 vax deaths and injuries called “Cause Unknown,” he is now turning his attention...
Key Events This Week: All Eyes On CPI As Fed Speakers Galore
13.05.2024, 15:40 Uhr. ZeroHedge News - https: - Key Events This Week: All Eyes On CPI As Fed Speakers Galore After a very slow week, the key event for markets this week will be US inflation data with April’s PPI (Tuesday) and CPI (Wednesday) the highlights. We’ll see if the higher-than-expected US inflation seen in Q1 extends into Q2 or not. Markets will also hear from Powell (tomorrow) and Vice...
The Davos Class Is Desperate
12.05.2024, 18:37 Uhr. ZeroHedge News - https: - The Davos Class Is Desperate Authored by Marty Bent via bombthrower.com, One of Davos’ favorite front men, Yuval Noah Harari, joined the BIS Innovation Summit earlier this week to spread some laughable anti-bitcoin propaganda. “The root problem with conventional currency is all the trust that's required to make it work. The central bank must be...
The Land Of The Setting Sun: The Currency Crisis Of Japan Has Just Started
12.05.2024, 01:51 Uhr. ZeroHedge News - https: - The Land Of The Setting Sun: The Currency Crisis Of Japan Has Just Started By Tuomas Malinen of The MT Malinen substack On Tuesday, we shortly commented the flash crash and the (assisted) recovery of the Japanese Yen between Friday and Monday, 26-29 April, on the GnS Economic’s Deprcon Outlook. In this entry, I will detail the reasons behind the crash...
Why We Are At The Start Of A Multi-Year Gold Bull Market
11.05.2024, 15:30 Uhr. ZeroHedge News - https: - Why We Are At The Start Of A Multi-Year Gold Bull Market By Jan Nieuwenhuijs of Gainesvillecoins.com Recently the dollar gold price aggressively broke a multiyear resistance level on the back of escalating wars, worrying asset bubbles, and sticky inflation. Long term indicators show gold is undervalued under these circumstances and can easily double...
World's Oldest Central Bank Keeps Sounding Alarm On Fragility Of Cashless Economies
11.05.2024, 11:30 Uhr. ZeroHedge News - https: - World's Oldest Central Bank Keeps Sounding Alarm On Fragility Of Cashless Economies Authored by Nick Corbishley via naked capitalism, At a time when the dominant narrative around cash is that its demise is all but inevitable, as well as broadly desirable, the 2024 payment report by Sweden’s Riksbank may offer a cautionary tale. In October last year...
SEC Doesn't Want Ethereum To Transform Banking Landscape, Says Joseph Lubin
10.05.2024, 19:27 Uhr. ZeroHedge News - https: - SEC Doesn't Want Ethereum To Transform Banking Landscape, Says Joseph Lubin By Gareth Jenkinson of CoinTelegraph Ethereum co-founder Joseph Lubin believes the United States Securities and Exchange Commission is intentionally hindering innovation, which threatens the country’s existing financial landscape. Speaking at FT Live’s Crypto and Digital...
Malta's Central Bank Governor Charged With Fraud And Misappropriation Of Funds
10.05.2024, 10:15 Uhr. ZeroHedge News - https: - Malta's Central Bank Governor Charged With Fraud And Misappropriation Of Funds They say central bankers can always print money out thin air: in this one case, however, the head of Malta's central bank could desperately do with a bigger money printer, or at least a much better attorney. Malta's attorney general filed charges of fraud and misappropriation...
The Catalyst For A Banking Renaissance
09.05.2024, 21:00 Uhr. ZeroHedge News - https: - The Catalyst For A Banking Renaissance Authored by Nick Giambruno via InternationalMan.com, Every day, there are over 2,000,000,000 consumer transactions around the world. Visa, Mastercard, American Express, and other large companies process many of these payments. Bitcoin, on the other hand, does not have anywhere near the capacity to handle this kind...
Trump Mulls Deploying Special Forces To Assassinate Mexican Drug Lords: Report
09.05.2024, 20:40 Uhr. ZeroHedge News - https: - Trump Mulls Deploying Special Forces To Assassinate Mexican Drug Lords: Report Conservative think tank Center for Renewing America floated the idea a year and a half ago that "It's time to wage war on transnational drug cartels." This comes as the drug death catastrophe in the US eclipses the entire Vietnam War every six months. The vast...
Peter Schiff: Rate Hikes On The Horizon?
09.05.2024, 19:40 Uhr. ZeroHedge News - https: - Peter Schiff: Rate Hikes On The Horizon? Via SchiffGold.com, Peter’s back to recap the last week in markets and economic news. This episode starts with April’s dismal stock performance and also discusses Jerome Powell’s most recent appearance. Peter wraps up the episode by recounting the Bitcoin debate he participated in on Friday. Peter notes...
Watch: Billionaire Real Estate Investor Expects 'One Or Two' Bank Failures A Week, UK Economist Says "Entering A New Dark Age"
09.05.2024, 17:40 Uhr. ZeroHedge News - https: - Watch: Billionaire Real Estate Investor Expects 'One Or Two' Bank Failures A Week, UK Economist Says "Entering A New Dark Age" Billionaire Barry Sternlicht, Founder, Chairman and CEO of Starwood Capital Group has issued an ominous warning about America's regional banks, which he says will fail at a rate of 'one or two' per week. Speaking with CNBC on...
To Prevent A Banking Crisis, The Fed Must Cut; But...
09.05.2024, 16:40 Uhr. ZeroHedge News - https: - To Prevent A Banking Crisis, The Fed Must Cut; But... Via SchiffGold.com, In 2009, 140 banks failed, and a recent report from financial consulting firm Klaros Group says that hundreds of banks are at risk of going under this year. It’s being billed mostly as a danger for individuals and communities than for the broader economy, but for stressed...
Stocks And Bonds Rise Together As Inflation Fears Take Backseat
09.05.2024, 16:07 Uhr. ZeroHedge News - https: - Stocks And Bonds Rise Together As Inflation Fears Take Backseat Authored by Simon White, Bloomberg macro strategist, Stocks and bonds have been rising together again, with investors getting longer of both assets. Inflation fears are taking a backseat for now, allowing lower yields to boost stock prices. Positioning data for equities shows that investors...
BOE Keeps Rates Unchanged But Edges Closer To Cutting As Deputy Governor Calls For Easing
09.05.2024, 13:28 Uhr. ZeroHedge News - https: - BOE Keeps Rates Unchanged But Edges Closer To Cutting As Deputy Governor Calls For Easing With both the Swiss SNB and Swedish Riksbank starting to cut rates, many were wondering if the BOE would join the easing cycle next. And while it did not, instead keeping rates unchanged at 5.25% for the sixth straight meeting of its policymakers, in line with...
These Are The Countries With The Highest Rates Of Crypto Ownership
09.05.2024, 04:55 Uhr. ZeroHedge News - https: - These Are The Countries With The Highest Rates Of Crypto Ownership This graphic, via Visual Capitalist's Marcus Lu, ranks the top 10 countries by their rate of cryptocurrency ownership, which is the percentage of the population that owns crypto. These figures come from crypto payment gateway, Triple-A, and are as of 2023. Data and Highlights The table...
The Missing Piece Of The Puzzle: Behind The Inexplicable "Strength" Of US Consumers Is $700 Billion In "Phanton Debt"
09.05.2024, 04:15 Uhr. ZeroHedge News - https: - The Missing Piece Of The Puzzle: Behind The Inexplicable "Strength" Of US Consumers Is $700 Billion In "Phanton Debt" Yesterday we discussed the latest consumer credit data, which revealed that the amount of credit card debt across the US has hit a new record high of $1.337 trillion (even though it appears to have finally hit a brick wall, barely rising...
House Votes To Nullify SEC's Anti-Crypto Policy, Biden Vows To Veto
09.05.2024, 03:15 Uhr. ZeroHedge News - https: - House Votes To Nullify SEC's Anti-Crypto Policy, Biden Vows To Veto Authored by Tom Mitchelhill via CoinTelegraoph.com, The United States House of Representatives has voted to pass a bill that overturns controversial Securities and Exchange Commission guidance preventing banks from owning crypto. On May 8, the House voted to pass a bipartisan bill dubbed...
The "Soft Landing" Lie: A Global Economic Slowdown Is Already Underway
08.05.2024, 23:16 Uhr. ZeroHedge News - https: - The "Soft Landing" Lie: A Global Economic Slowdown Is Already Underway Authored by Brandon Smith via Alt-Market.us, If people have learned anything from the past few years of Ivy League elites and TV talking heads feeding them economic predictions, I hope they finally understand that the “experts” are usually wrong and that alternative analysts...
US Futures Mixed As European Stocks Hit All Time High, Yields And Dollar Rise
08.05.2024, 14:26 Uhr. ZeroHedge News - https: - US Futures Mixed As European Stocks Hit All Time High, Yields And Dollar Rise US equity futures flipped between gains and losses on Wednesday while European stocks hit an all time high as May’s rally in equities continued amid a clutch of solid earnings reports. As of 7:45am, S&P 500 futures traded down 0.2%, and was near session lows reversing...
The Stablecoin Debate That Isn't
08.05.2024, 12:30 Uhr. ZeroHedge News - https: - The Stablecoin Debate That Isn't Authored by Omid Malekan, Stablecoins have been in the news lately, thanks to another round of failed legislation, a well-intentioned but poorly-designed analytics dashboard compliments of Visa, and false equivocation by a columnist at the FT. Meet the wire transfer Nic Carter just published an epic review of the...
Shocking Collapse In Credit Card Debt Growth Just As Card APRs Hit All Time High
07.05.2024, 21:43 Uhr. ZeroHedge News - https: - Shocking Collapse In Credit Card Debt Growth Just As Card APRs Hit All Time High After several months of wild swings in US consumer debt, culminating with last month's jump in credit card debt to a new all time high despite record high credit card rates, in March households finally hit a brick wall because according to the latest consumer credit data...
What Will CBDCs Mean For Gold?
07.05.2024, 14:45 Uhr. ZeroHedge News - https: - What Will CBDCs Mean For Gold? Via SchiffGold.com, With the eventual introduction of central bank digital currency (CBDCs) now seemingly inevitable, there are a lot of directions central banks could take with their digital currency projects that would have dramatic implications for the price of gold. Touted for their “convenience” and “efficiency...
Sober Gold Vs The Rate-Cut Circus Show
07.05.2024, 13:22 Uhr. ZeroHedge News - https: - Sober Gold Vs The Rate-Cut Circus Show Authored by Matthew Piepenburg via VonGreyerz.gold, Poor America. Poor Jerome Powell… A Real Cliff, Fake Smile It is no fun to be openly trapped, and even less fun to be in open decline while meekly declaring all is fine. I have the image of Uncle Sam (or Aunt Yellen) hanging off a cliff with a forced (i.e.,...
House Panel Calls To Defund Federal Agencies That Stonewall Congressional Probes
06.05.2024, 23:41 Uhr. ZeroHedge News - https: - House Panel Calls To Defund Federal Agencies That Stonewall Congressional Probes Authored by Tom Ozimek via The Epoch Times (emphasis ours), Republicans on the House Oversight Committee are calling for budget cuts to federal agencies that refuse to cooperate with lawmakers’ investigations, warning that failure to discipline agencies that deny oversight-related...
Where Is "Growth" Coming From? Fed Says Banks Tighten Credit Standards While Loan Demand Drops Further
06.05.2024, 21:27 Uhr. ZeroHedge News - https: - Where Is "Growth" Coming From? Fed Says Banks Tighten Credit Standards While Loan Demand Drops Further The first quarter Fed's Senior Loan Officer Opinion Survey (SLOOS) - the one place where every three months investors go to find information on changes to both loan demand and bank lending tightness - was released and revealed more of the same: despite...
Toronto-Dominion Bank Risks Entering "Lost Decade"
06.05.2024, 20:06 Uhr. ZeroHedge News - https: - Toronto-Dominion Bank Risks Entering "Lost Decade" Shares of the Toronto-Dominion Bank have fallen nearly 8% since last Thursday's Wall Street Journal report that revealed the bank's involvement in a $653 million drug money-laundering scheme. The WSJ said a Justice Department investigation was opened into TD Bank's anti-money-laundering controls...
Key Events This Week: Things Finally Quiet Down
06.05.2024, 16:58 Uhr. ZeroHedge News - https: - Key Events This Week: Things Finally Quiet Down After a whirlwind two weeks which saw both the latest FOMC decision and the April jobs report, not to mention the peak of earnings season when all of the top tech companies reported, the calendar takes a quieter turn after the deluge of macro events last week, and the focus shifts on whether markets can...
Futures, Global Markets Rise On Rising Fed Cut Bets
06.05.2024, 14:11 Uhr. ZeroHedge News - https: - Futures, Global Markets Rise On Rising Fed Cut Bets Global stocks and US equity futures jumped to start the new week, with the S&P 500 poised to extend last week’s rally as traders grew increasingly confident in the likelihood that the Fed will cut interest rates this year. As of 7:40am, S&P 500 and Nasdaq 100 futures added 0.3%, tracking gains in...
There Is Nothing Exceptional About US "Exceptionalism"
06.05.2024, 03:00 Uhr. ZeroHedge News - https: - There Is Nothing Exceptional About US "Exceptionalism" By Peter Tchir of Academy Securities On Friday, after the jobs report, we heard a lot of chatter about “Goldilocks.” While we wrote NFP – Great for Markets, we caveated that with – for now. Normally we would agree that there is a “transition” period from “everything is great,” to...
"Economics Works In Mysterious Ways": Is China's Wealth Effect Being Substituted?
06.05.2024, 01:51 Uhr. ZeroHedge News - https: - "Economics Works In Mysterious Ways": Is China's Wealth Effect Being Substituted? By Teeuwe Mevissen, Senior Macro Strategist at Rabobank Is the wealth effect being substituted? Summary China’s real estate market suffered heavy losses early this year while stock market investors continue to face huge uncertainty. This will add to the deterioration...
Matt Taibbi Uncensored: Finance Nothing More Than A 'Street Scam'
05.05.2024, 17:40 Uhr. ZeroHedge News - https: - Matt Taibbi Uncensored: Finance Nothing More Than A 'Street Scam' Submitted by QTR's Fringe Finance The opportunity to secure an exclusive interview with Matt Taibbi is something I thought I’d never get…but alas, here we are. Taibbi is the head of Racket News and his reputation as a fearless investigative journalist precedes him. From his groundbreaking...
US Pushing G-7 To Accept Long-Term $50 Billion Aid Package For Ukraine
05.05.2024, 17:05 Uhr. ZeroHedge News - https: - US Pushing G-7 To Accept Long-Term $50 Billion Aid Package For Ukraine As part of the latest in the Western allies' (some of them at least) controversial push to confiscate Russian sovereign assets and give them to Ukraine, the Biden administration is leading talks among G7 nations to commit to a new military aid package for Kiev worth up to $50 billion...