From the Fed to the currency crisis in Europe, here’s what’s behind this sell-off in the financial markets:

Trader on the floor of the NYSE, June 7, 2022. Source: NYSE Stocks fell sharply, bond yields rose and the dollar strengthened Friday as investors heeded the Federal Reserve’s signal that the battle with inflation could lead to much higher interest rates and a recession. The sell-off was global on Friday, in a week in … Read more

The loonie is at a low of almost 2 years. What does that mean for inflation? – National

As the Canadian madman falters against the rising US dollar, experts say the effect could exacerbate inflation on some goods imported from the south of the border. The Canadian dollar stood at 75 cents against the US dollar benchmark on Tuesday, a nearly two-year low for the loonie. Economists say there could be a few … Read more

Dollar off 20-year peak as Fed reports big central bank week

You can see one dollar banknotes for the featured stock chart in this image, taken Feb. 8, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Register TOKYO, Sept. 19 (Reuters) – The dollar stalled near a two-decade high on major competitors Monday, ahead of a week of market holidays and central … Read more

BRICS president: Russia and India don’t need the US dollar

(Kitco News) Russia and India no longer need the US dollar for mutual settlements, said Purnima Anand, chairman of the BRICS International Forum. A new mechanism has been set up between the two countries, using only rubles and rupees, Anand told reporters last week. “We have implemented the mutual settlement … Read more

Gold will play a big role in the coming global ‘monetary reset’ as the US dollar loses its dominance – Maxime Bernier

(Kitco News) — A global monetary reset is inevitable as fiat currencies are devalued due to excessive money printing. The US dollar will be dethroned as the dominant global reserve currency by currencies backed by a basket of commodities, including gold, according to Maxime Bernier, founder and leader of the People’s … Read more

Market jump after Fed hike is ‘fall’, Morgan Stanley warns investors

Morgan Stanley is urging investors to resist putting their money to work in stocks, despite the market’s jump following the Fed’s decision. Mike Wilson, the company’s chief US equity strategist and chief investment officer, said he believes Wall Street’s excitement over the idea that rate hikes could slow earlier than expected is premature and problematic. … Read more

Why Bitcoin is a CDS on the Fed – Bitcoin Magazine

This is an editorial from Adam Taha, an entrepreneur with two decades of experience in government and corporate finance. The latest printout of the consumer price index (CPI) came in at a shocking 9.1% (9.8% in cities), with many speculators expecting the price of bitcoin to turn “moon”. What happened was the opposite and bitcoin … Read more

Investor issues warning of new technical ‘bubble’

The recent tech rally may be doomed to fail. Richard Bernstein Advisors’ money manager Dan Suzuki warns that the market is far from bottoming out — and it’s a concept investors don’t understand, especially when it comes to names for growth, technology and innovation. “The two certainties in today’s world of uncertainty are that earnings … Read more