FRANKFURT, Nov 5 (Reuters) - The European Central Bank needs to issue a digital euro as yielding the space entirely to private sector initiatives like stablecoins could endanger financial stability and weaken the role of the central bank, ECB executive board member Fabio Panetta said.The ECB has been working on designing a digital currency, a direct claim on the central bank much like in the case...Read More
SYDNEY, Nov 5 (Reuters) - Australia's banking watchdog said it was examining the regulatory implications of Commonwealth Bank's (CBA.AX)'s planned introduction of bitcoin trading to unsophisticated retail investors - the first bank in Australia to do so.CBA says it would welcome a clear regulatory framework for crytpocurrencies, which are not formally regulated in Australia.On Wednesday CBA broke...Read More
VIENNA, Nov 5 (Reuters) - Housing costs may be adding more to euro zone inflation than once thought, European Central Bank policymaker Robert Holzmann said on Friday, weighing in on a key issue that has been a focus of policymakers this year.When asked how much owner-occupied housing costs could increase headline inflation, Holzmann, Austria's central bank chief, said it could raise it by as much...Read More
The Commonwealth of Independent States' (CIS) billet export price declined on Friday November 5 amid limited buying interest; most producers continued to hold back from trading.Trading activity remained limited in the Black Sea basin this week amid bearish sentiment.Softening scrap and long steel prices in Turkey, one of the key buyers of CIS billet, has made buyers cautious."The steel market is s...Read More
(Reuters) -Cyber security firm McAfee Corp is nearing a deal to sell itself to U.S. private equity firm Advent International for more than $10 billion, the Wall Street Journal reported on.wsj.com/3bIGfIr on Friday, citing people familiar with the matter.The deal could be announced on Monday, although the talks could still fall apart, the report said.McAfee and Advent did not immediately respond...Read More
MEXICO CITY (Reuters) - The International Monetary Fund (IMF) on Friday said Mexico’s recent inflationary pressures, while mostly temporary, pose a difficult balancing act amid still sizable slack in its economy."A credible medium-term tax reform, to be implemented as the economy strengthens, would help finance needed social and public investment spending and put the public debt to GDP ratio...Read More
Buyers in the Philippines have purchased imports of steel billet at largely flat prices despite the crash in the Chinese market this week, sources told Fastmarkets on Friday November 5.The Chinese ferrous futures markets have continued to nosedive this week, further reducing the prices in the country's domestic steel billet spot market. On Friday, key China market participants told Fastmarkets tha...Read More
Glenn Greenwald's System Update, Released on 11/5/21For the last 9 months, Democrats in politics and media have insisted that 1/6 was the worst attack on American democracy since the Civil War, that it entailed crimes of sedition, treason, insurrection and attempted murder and kidnapping of elected officials. Yet thus far, not a single American has been charged with any of those crimes. If Democra...Read More
Quoth the Raven, Released on 11/5/21Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, N...Read More
Kinesis Money, Released on 11/5/21This week, Andrew Maguire reveals that India, the US and a major bank are all stockpiling physical silver at levels not seen since March 2020, in the lead up to silver's memorable rally.With the BIS up to their usual tricks around Options Expiry, the precious metals expert explains recent volatility and gives a short-term forecast for the fortnight ahead.00:00 Sta...Read More
Wall St. For Main St., Released on 11/5/21McDonald's hikes prices to offset wage increases, supply costs https://thehill.com/business-a-lobbyi...McDonald's Raises Menu Prices as U.S. Worker Wages Climb https://www.wsj.com/articles/mcdonald...It's not as simple as just raising wages. Many small business owners are already suffering and can't afford much more cost increases and wage increases.Commit...Read More
RT, Released on 11/4/21Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the...Read More
Liberty and Finance, Released on 11/4/21We are headed to currency destruction, says Head of Research of Gold Money Alasdair MacLeod. Along the way, we are seeing that "the whole system is trying to destroy personal freedom." Alasdair does not believe people will put up with this. "We will kick back, and it won't happen."One place lack of freedom is found is in the gold and silver markets, he says....Read More
Clown World Today, 11/5/21??????OE? mask your dog to stop the spread pic.twitter.com/hmyhWj8y1R- Clown World Today ??????OE? (@cwt_news) November 5, 2021 Mask your dog to stop the spread! added by Herman James on 11/05/2021View all posts by Herman James ?+'Read More
SHTFplan, Released on 11/4/21The evidence is becoming so overwhelming, it is getting hard to remain ignorant of it. As Popular Continue... Italy Revises Its COVID-19 Death Toll Down 97.1% added by Herman James on 11/05/2021View all posts by Herman James ?+'Read More
HOUSTON (Reuters) - Occidental Petroleum Corp will increase its fixed dividend payments to shareholders after cutting its debt levels to $25 billion, Chief Executive Officer Vicki Hollub said on Friday.“We are going to get there sooner than we expected,” Hollub told analysts on a call to comment on the companies third quarter results.Reporting by Sabrina Valle; Editing by Chris Reese...Read More
321gold, Released on 11/5/21Over the last year I have written many pieces and done a number of interviews saying that I believed we were Continue... Bob Moriarty: Obviously I was Wrong Calling for a Market Crash in October added by Herman James on 11/05/2021View all posts by Herman James ?+'Read More
Trends Research, Released on 11/4/21Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, ri...Read More
Bloomberg, Released on 11/5/21Mohamed El-Erian, a Bloomberg Opinion columnist, says Fed should've been more aggressive in terms of forward guidance on rates. Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the wo...Read More
CNS News, Released on 11/5/21The Labor Department's Bureau of Labor Statistics announced on Friday that 100,450,000 people in this country were not in the labor force in Continue... 100,450,000: More Than 100 Million Not in Labor Force for 14th Straight Month; No Job, Not Looking added by Herman James on 11/05/2021View all posts by Herman James ?+'Read More