News and Trends
BRICS: Another Country Officially Ditches the US Dollar - Watcher.Guru--4.24.24
On the heels of de-dollarization and sanctions a new country has officially ditched the U.S. dollar for oil trade. Venezuela's state-run oil company PDVSA plans to use digital currencies to settle crude oil trade and not the U.S. dollar. 
Stock market sell-off has 'further to go,' JPMorgan warns - Fox Business--4.23.24
The recent slump in the U.S. stock market is likely to be the start of a deeper sell-off, according to JPMorgan strategists. Although stocks rebounded at the start of the week, the market still faces a slew of macroeconomic risks.
Growing U.S. debt levels may be adding to market volatility, says JPM - MarketWatch--4.22.24
The growing U.S. debt load over the past two decades could be a factor driving recent bond-market volatility, according to one strategist at JP Morgan. The Fed also may be adding to pressures by shrinking its balance sheet.
Fed says 1,804 banks and other institutions tapped emergency lending facility - Yahoo! Finance--4.19.24
Some 1,804 depository institutions tapped the emergency lending facility set up last March in the wake of Silicon Valley Bank's collapse. The Bank Term Funding Program was aimed at addressing a liquidity crunch after a run on deposits led to the failures of SVB and Signature Bank.
The US's blowout debt burden is one piece of a global problem, IMF warns - Business Insider--4.18.24
Runaway U.S. debt levels will weigh on more than just Washington as spiraling borrowing costs have the potential to distort the global economy, according to the IMF. The fund expects the U.S. deficit to more than triple overspending levels in other advanced economies by 2025.
IMF sounds alarm on ballooning US national debt: 'Something will have to give' - Yahoo! Finance--4.18.24
The astronomical rise in the U.S. national debt poses "significant risks" to the global economy and threatens to continue fueling high inflation, according to a new warning from the IMF.
Gold's Resilience Shows A Currency Crisis Isn't Far Away - Zero Hedge--4.17.24
According to one expert, the resilience of precious metals in the face of rising bond yields and a strong U.S. dollar suggests investors are hedging against currency debasements. Central banks adding gold to their holdings in recent months only supports that view.
Peter Schiff: The Data Looks Grim For The Dollar - Zero Hedge--4.17.24
According to Peter Schiff, what the rising dollar index tells you in an environment of a rising gold price is that the dollar is losing value. Between increasing institutional demand for gold and silver and strong evidence of future inflation, the fate of the dollar does not look good.
Wholesale prices rose 0.2% in March, less than expected - CNBC--4.11.24
The producer price index increased 0.2% for the month, less than the 0.3% estimate from the Dow Jones consensus while initial filings for jobless benefits fell to 211,000, seeing a decline of 11,000 from the previous week's upwardly revised level and below estimates.
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