Just this past Friday, Jamie Dimon, the CEO of the Wall St. Superbank JP Morgan made THIS statement: “We Will Have a Global Restructuring.”
Tag: central banks
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GOVERNMENTS, CORPORATIONS TOP $100 TRILLION IN BONDED DEBT
The governments and corporations in the 38-nation Organization for Economic Cooperation and Development (OECD) have more than $100 trillion in bonded debt outstanding, almost as much as the entire world’s GDP, which is between $105 trillion and $110 trillion, a new OECD report has found.
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METALS PRICES SKYROCKET AS TRUMP’S TRADE WAR INTENSIFIES
Copper and gold are fetching record prices and silver futures are trading at levels not seen since 2012 as investors seek safe havens and U.S. manufacturers stockpile raw materials ahead of rising tariffs.
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GERMANY’S CENTRAL BANK REPORTS FIRST ANNUAL LOSS IN 46 YEARS
Germany’s Bundesbank lost €19.2 billion last year, its first negative year since 1979.
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CENTRAL BANKS ARE STILL BUYING MORE GOLD, DRIVING UP PRICES
Central banks bought more than 1,000 metric tons of gold last year, accounting for about 20 percent of the market. It was the third consecutive year in which the banks bought gold in such large amounts.
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SOUTH KOREA’S CENTRAL BANK CUTS INTEREST RATE
On 28 November, the Bank of Korea shaved a quarter point from its key lending rate, dropping it to 3 percent, partly over concerns that looming U.S. tariffs could damage South Korea’s export-dependent economy, the Financial Times reported.
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SPOTLIGHT: THE EUROZONE’S ECONOMIC MESS
The Eurozone’s economic activity unexpectedly contracted this month, according to the Hamburg Commerce Bank’s composite purchasing managers index.
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HIGH DEBT, SLOW GROWTH DRAG DOWN GLOBAL ECONOMY, IMF SAYS
The world’s debt burden, already high and still growing, coupled with “anemic” economic growth are hobbling the global economy, Kristalina Georgieva, the International Monetary Fund’s managing director, said in a 17 October CNBC interview.
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WILL THE FED’S RATE CUT BE A GREEN LIGHT FOR OTHER CENTRAL BANKS?
Central banks in Canada, the Eurozone, Norway, Sweden, Switzerland, and the U.K. cut their interest rates before the U.S. Federal Reserve did.
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TOP TREND 2024, A GOLDEN YEAR FOR GOLD: SECOND-QUARTER DEMAND FOR GOLD HIGHEST ON RECORD
Worldwide gold purchases totaled 1,258 tons in this year’s second quarter, 4 percent more than a year earlier and the most in any three-month period since 2000 when the World Gold Council (WGC) began tracking sales.
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