Rising Rates Lead to Financial Accidents

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A recent Bank for International Settlements paper warning of unappreciated risks in foreign exchange markets echoes my earlier warning in an article for Goldmoney published over a month ago describing derivative risks in FX markets.[i] In this article I also show evidence that banks in both the US and Eurozone are reducing the deposit side…

Reduced immigration is fueling challenges for employers

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Alonzo Arteaga’s title is general manager of a small hotel in Topeka, Kan.But these days, he doubles as a housekeeper, making beds, vacuuming floors and laundering towels to fill an ever-worsening worker shortage.Like businesses around the country, Senate Luxury Suites is struggling to keep going without critical employees.The hotel is down to three housekeepers, half…

Powell’s Peril Lies in Lanquishing Labor Market

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Fed Chair Jerome Powell did the best he could with the limited options the Fed has created for itself, and he said nothing unexpected.The Fed will continue its course at a slower rate of interest rate increases but raise interest to a higher level than it has thought it would have to all year and…

Boom Supersonic Announces Engine for Ultra-High-Speed Overture Jet

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American Airlines Boom Supersonic has announced Symphony, the engine that will power its ultra-high-speed Overture jet.The propulsion system will feature 35,000 pounds of takeoff thrust and reduce operating costs by 10%.The news comes a few months after major manufacturers told Boom it wouldn’t help it build a supersonic engine.Sign up for our newsletter for the…

How the Twitter Algorithm Works [2023 GUIDE]

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How the Twitter Algorithm Works [2023 GUIDE] If you want to boost engagement, drive traffic to your site and build brand awareness, you need to know how the Twitter algorithm works. Twitter can be unpredictable, but one thing remains certain — you gotta respect the algorithm if you want to make big moves.That means if…

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