Tag: april 12 2022

Creating a digital version of the U.S. dollar will take years, treasury secretary Janet Yellin said in a 7 April speech at American University, although China and some other countries already have fielded digital versions of their currencies, as we reported in “China Goes Full Digital Yuan in Beijing” (29 Jun 2021) and “Canada Forging...

The Institute for Supply Management’s (ISM’s) purchasing managers’ index (PMI) for the U.S. service sector rose to 58.3% this month from 56.5% in March, after three consecutive months of declines. Readings above 50.1% indicate growth; higher numbers signal stronger activity. The index’s employment measure jumped from 48.5 last month to 54.0 now, indicating that service...

The monthly Logistics Managers Survey, compiled by five U.S. universities, rose from 75.2 in February to 76.2 in March. The survey samples conditions related to managing stock inventories, warehousing, and transportation. Ratings above 50 indicate business momentum; the higher the number, the stronger the activity. The amount of inventory in warehouses dropped from February’s rating...

Just as America has lost every major war it started—from Korean War, to Vietnam War, from Afghan War to Iraq War—so too has the great world power, “We’re #1, “The Exceptionals” lost the Trump Trade war that he loudly launched against China when he won the 2016 Presidential Reality Show® U.S. election.  The U.S. trade...

Stock index values on opening have bounced up and down recently, changing direction dramatically within an hour but without any news to spark the changes, according to Pam Martens, editor of Wall Street on Parade. For example, on 30 March, the Dow Jones Industrial Average opened trading at about 35,230. Within 30 minutes, it rose...

The Fed is lagging in its mission to tamp down an “exceptionally high” rate of inflation and is likely to take more aggressive action at its next meeting, James Bullard, president of the Federal Reserve Bank of St. Louis, told a group of reporters on 7 April. Bullard, a voting member of the U.S. Federal...

Last month, gold exchange-traded products (ETPs) took in a record $11.3 billion, according to Blackrock, as investors fled European equities while Russia’s Ukraine war raged on (see related story in this issue). Investments grew fivefold from February’s amount, eclipsing July 2020’s record monthly inflow of $9.4 billion. The surge drove gold’s price to $1,947 on...