Key Points: Over the weekend, bitcoin had fallen as low as $17,601.58. The cryptocurrency market has been hit by a number of factors, ranging from the collapse of stablecoin terraUSD to questions of solvency at … Read more
Take a look at this: The US has just experienced an 8.8% increase in food prices. The problem (and there are many, actually) is that this doesn’t take into account the spiraling costs farmers are … Read more
In this week’s Live from the Vault, Andrew Maguire takes a closer look at the newly determined BRICS currency basket, assessing the likely price revaluation of its top three commodities: gold, silver, and oil. With … Read more
Key Points: The Federal Reserve suddenly finds itself second-guessed as it tries to navigate the economy through inflation and away from recession. Complaints center on three themes: That the Fed didn’t act quickly enough to … Read more
Key Points: Hertz’s $4.2 billion deal to purchase 100,000 Tesla fully electric vehicles (EVs) by the end of 2022 set off a race among rental car agencies. Enterprise Holdings and Avis Budget Group have announced … Read more
Key Points: Economists and bankers tell CNBC they aren’t worried about the crypto sell-off hurting the broader U.S. economy. “People don’t really use crypto as collateral for real-world debts. Without that, this is just a … Read more
Key Points: The price of bitcoin fell 9% in 24 hours to $19,217.81, according to Coin Metrics data. The last time bitcoin fell below that level was December 2020. Ether, the second-largest token, plunged 10% … Read more
The covid-19 pandemic featured an unprecedented fusion of the interests of large and powerful corporations with the power of the state. Democratically elected politicians in many countries failed to represent the interests of their own citizens … Read more
GoldFix Comment: In the post 2008 GFC era, the relationship described below was not much help because of Quantitative Easing. In QE, Gold behaves like a stock or risk-on asset from the liquidity infusions. But now, … Read more
ASIA: The UAE has placed a ban on the export and re-export of all varieties of wheat from India for four months. The resolution applies to all varieties of wheat and wheat flour, which were … Read more