The U.S. Federal Reserve should raise its key interest rate above 5 percent and leave it there until inflation shows clear signs of retreating, Loretta Mester, president of the Federal Bank of Cleveland, said in an 11 April speech at New York University.
Two weeks ago, the headline of Gerald Celente's Trends in the News video was “DEATH OF THE DOLLAR ON THE DOORSTEP.”
As we have greatly detailed over the weeks and as illustrated in this issue of the Trends Journal, it is a new world order. Much of what used to be emerging markets have emerged to large global economies providing products and services that were once dominated by the United States.
The Kremlin last week updated its 2016 foreign policy doctrine and made several noticeable changes, including identifying the U.S. as its main threat while stating that it is on a “unique historical mission.”
Imagine super soldiers who can shrug off a chemical weapons attack and keep right on waging war.
Saudi Arabia is continuing its shift from the West after its cabinet last week approved the move to become a dialogue partner of the Shanghai Cooperation Organization, which was set up to rival the North Atlantic Treaty Organization, or NATO.
Last week, federal bank regulators sold Silicon Valley Bank’s assets with a book value of $72 billion but they only fetched $55.5 billion from buyer First Citizens Bank, roughly 77 cents on the dollar.
In February we warned Trends Journal subscribers to prepare for “March Economic and Equity Market Madness.” We also provided proactive measures to consider taking.
The U.S. Federal Reserve added a quarter point to its key interest rate last week, lifting the yield it pays on deposits to 4.75 percent and the rate it charges borrowing banks to 5 percent.
For those of you who may not know, I am going to let you in on a nasty secret. THE POWER OF ANY GIVEN CENTRAL BANK RESIDES IN ONLY ONE THING, AND ONE THING ONLY… ITS ABILITY TO INFLATE.