Bloomberg, Released on 10/22/21Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim's commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades long reputation for objective, incisive commentary that challenges consensus thinking. In nearly 20...Read More

Financial Survival Network, Released on 10/21/21As the situation evolves, we're seeing more and more items become scarce. When production is shut down for 3 months and then aContinue... 8 More Shortages About to Worsen added by Herman James on 10/22/2021View all posts by Herman James ?+'Read More

Citizen Free Press, Released on 10/21/21"I guess I should go down, but, but, the whole point of it is I haven't had a whole hell of a lot of time to get down. I've been spending time going around looking around at theContinue... Biden: 'I haven't had time to go the Border'... 'But my wife Jill has'... added by Herman James on 10/21/2021View all posts by Herman James ?+'Read More

Zero Hedge, Released on 10/21/21Reuters reports that Walmart customers at some of its U.S. stores will be able to purchase bitcoin using ATM-like machines installed by Coinstar.Continue... Walmart Rolls Out Bitcoin ATMs Across 200 Stores Nationwide added by Herman James on 10/21/2021View all posts by Herman James ?+'Read More

The Felder Report, Released on 10/20/21The major gold mining companies have become very cheap again.Continue... Jesse Felder: Why The Gold Miners Could Soon Make FANG Look Tame added by Herman James on 10/22/2021View all posts by Herman James ?+'Read More

Daniel Lacalle - Twitter, Released on 10/22/21Inflation is not an accident or a coincidence. It is a policy.- Daniel Lacalle (@dlacalle_IA) October 22, 2021 Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020) and Escape from the Central Bank Trap (2017). He is a professor of global economy at IE Business School in Madrid and Chief Ec...Read More

Domestic prices for steel rebar in Poland were largely unchanged over the past week, but local mills would be looking for higher prices starting next week because of increased costs, Fastmarkets heard on Friday October 22.Trading activity in the local market started to pick up this week, sources said."We see an increasing level of inquiries. The market is waking up," a local mill said.The local mi...Read More

China's domestic rebar prices fell sharply on Friday October 22 following a drop in the futures market, but the lower prices stimulated an increase in buying interest.DomesticEastern China (Shanghai): 5,300-5,350 yuan ($829-837) per tonne, down by 330 yuan per tonneNorthern China (Beijing) weekly assessment: 5,240-5,270 yuan per tonne, down by 360-380 yuan per tonneThe January rebar futures contra...Read More

LONDON, Oct 22 (Reuters) - Britain's Queen Elizabeth, 95, will spend Friday resting and undertaking light duties after she spent a night in hospital for the first time in years for what Buckingham Palace termed "preliminary investigations".The world's oldest and longest-reigning monarch stayed in hospital overnight on Wednesday but returned to her Windsor Castle home to the west of London the foll...Read More

(Reuters) - Shares of Snap Inc plunged on Friday, dragging down other ad-dependent tech firms, after the photo messaging app owner warned of a prolonged hit from Apple Inc's privacy changes on iOS devices.Snap shares were down nearly 20% at $60.8 before the bell, on track to open at a near three-month low. Shares of Facebook, Google parent Alphabet Inc and Twitter were down between 2% and 4%.Apple...Read More

Unites States steelmaker Cleveland-Cliffs plans to increase its share of the US domestic prime scrap market amid increasing demand and the failure of the country's own manufacturing supply to keep up, the company's chairman, president and chief executive officer said.Lourenco Goncalves told a conference call for the Cleveland, Ohio-based company's third quarter earnings that the company didn't hav...Read More

Ferrous scrap prices in the global markets continued to strengthen in the week ended Friday October 22 amid firm demand and tight supply. Turkish steel mills continued to pay higher prices for deep-sea scrap cargoes, while buyers in Southeast Asia had to raise their bids because of limited supply.?EUR?Turkish steel mills end the week with five deep-sea cargo trades, prices up?EUR?Tight supply in t...Read More

TAIPEI, Oct 22 (Reuters) - Taiwan's central bank said on Friday it is watching inflation and there is no cause for alarm, but added it will adopt "appropriate" monetary policies if needed.In a Facebook post, the central bank said that major institutions predict Taiwan's consumer price index, or CPI, will not exceed 2% for all of this year, and will decline next year."There should be no worry about...Read More

The price for grade 18/8 alloy steel scrap increased due to higher nickel costs, while underlying market fundamentals remained stable, sources told Fastmarkets on Friday October 22.Fastmarkets' weekly price assessment for stainless steel scrap 18/8 solids domestic, delivered merchants UK was ?1,340-1,440 ($1,850-1,988) per tonne on Friday, up by ?10-40 per tonne from ?1,330-1,400 per tonne the...Read More

BRUSSELS (Reuters) -Two new interest rate benchmarks will replace the Swiss Libor rate and the Euro Overnight Index Average (EONIA) in contracts and financial instruments from next year, the European Commission said on Friday.They will be replaced by new "risk free" rates, which are compiled by central banks.Both the Swiss Libor and EONIA, which form the basis for a range of financial contracts su...Read More

(Reuters) - China Evergrande Group has rapidly become Beijing's biggest corporate headache as it wrestles with debts of more than $300 billion and the fate reut.rs/3jrfpZG of the country's second-biggest property developer is keeping global markets on tenterhooks.A string of Beijing officials have tried to reassure investors the crisis will not spiral out of control and that creditors' interests...Read More

Large volumes of steel billet position cargoes held by traders have been offered at lower prices to buyers in Southeast Asia in recent days amid China's continued price decline, sources told Fastmarkets.Closures at Chinese rerolling mills amid power rationing and environmental measures, together with spiraling ferrous futures markets, have badly damaged steel billet demand in the country this week...Read More

LONDON (Reuters) - A key market gauge of euro zone inflation expectations rose on Friday to 2%, the ECB's inflation target, for the first time in seven years, putting pressure on the central bank as it weighs how to proceed with stimulus when its pandemic-era support ends.The five-year, five-year forward inflation swap, a key market gauge of long-term euro zone inflation expectations, jumped four...Read More

A sharp drop in domestic billet and rebar prices over the past few days in China resulted in a change of mood in the Commonwealth of Independent States' export billet market, sources told Fastmarkets.Fastmarkets' price assessment of steel reinforcing bar (rebar) domestic, ex-whs Eastern China was 5,300-5,350 ($828.46-836.28) yuan per tonne on Friday October 22, down by 330 yuan per tonne day on da...Read More

FRANKFURT, Oct 22 (Reuters) - Only 10 major European banks may need to raise capital as a result of the rollout of new global rules and their shortfall could be smaller than 27 billion euros ($31.43 billion), according to draft European Union regulation seen by Reuters.The impact would be much smaller than the 52.2 billion euros estimated by the European Banking Authority (EBA) last year, a sigh o...Read More