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The Most Splendid Housing Bubbles in America, January Update: Starting to Look Like a Mixed BagJan 26, 2022 - 07:14:42 PST
Raging mania in Phoenix, stalling prices in Boston & Washington DC, dropping condo prices in San Francisco.
M2 increased by $201B in December. This represents a 0.94% MoM increase which annualizes to 11.9%. For the entire year of 2021, M2 grew by an incredible $2.5T or 13.1%! This is extremely rapid money supply growth! The Fed can taper their asset purchases, but shrinking the Money Supply is the only way to rein in inflation.
The world's largest gold ETF saw record inflows on Friday, a bullish sign for the yellow metal.SPDR Gold Shares (GLD) ranks as the world's largest gold fund. It saw a net inflow of $1.63 billion on Friday. It was the largest net inflow in dollar terms since the fund was listed in 2004.
Spot gold may rise into a range of $1,860 to $1,872/oz - technicals. Gold prices were steady on Wednesday as investors refrained from making big bets ahead of a decision on the pace of policy tightening by the U.S. central bank, while tensions surrounding Ukraine kept bullion near the previous session’s 10-week high.
Russia and China are also seeking to counter Western pressure over Iran, with the three countries wrapping up a joint military drill in the Gulf of Oman last week.
Russia warned Wednesday it would quickly take “retaliatory measures” if the U.S. and its allies reject its security demands and continue their “aggressive” policies, ratcheting up pressure on the West amid concerns that Moscow is planning to invade Ukraine.
Biden and Putin's Ukraine Crisis Gets Personal as the U.S. Tries To Deter Russian InvasionJan 26, 2022 - 05:48:15 PST
The U.S. has sent a clear message that Russia, its key personnel and economic sectors as well as its leader Vladimir Putin, could face crippling sanctions.
Mortgage Refinance Demand Plunges 13% As Interest Rates Climb Toward Two-Year HighJan 26, 2022 - 05:42:35 PST
As mortgage rates continue to rise, demand for refinances is plunging and homebuyers are struggling.
"There are large risks associated with the use of bitcoin on financial stability, financial integrity, and consumer protection," says the International Monetary Fund.
Bitcoin Claws Back From Crypto Crash, Bear Case Sees $14K as a Next StopJan 26, 2022 - 05:36:46 PST
The Great Crypto Crash of 2022 dragged Bitcoin below $34,000, and it could get worse.
Peter Schiff was a guest on the Wharton Business Daily podcast produced by the Wharton School of Business at the University of Pennsylvania. Peter talked about inflation and how it will impact the US economy moving forward. He said ultimately, we're heading toward stagflation.
Euro-area monetary policy can’t be compared with the U.S. or other jurisdictions “because the economic situation is different,” the Lithuanian central bank chief said in an interview. That means an increase in interest rates is far from being on the ECB’s agenda, even as the Federal Reserve prepares for a March hike.
Squeezed by soaring yields and potential government price caps, European utilities are making a dash to the bond market.
Foreigners are cutting and running in some key Asian emerging markets amid turbulent trading ahead of this week’s Federal Reserve meeting, where policymakers are expected to signal an interest-rate liftoff in March.
Inflationary Sentiment Spikes to Record High Among Yelp Reviewers: ReportJan 26, 2022 - 05:19:15 PST
Customer reviews on Yelp reporting higher prices on goods and services surged to a record, pointing to an elevated number of consumers that feel the strain of rising inflation in their interactions with local businesses.
By relentlessly depriving investors of risk-free return, the Fed has spawned an all-asset speculative bubble that may now leave investors with little but return-free risk. Valuations still stand near record extremes.
The shorter the better is the mantra for debt investors protecting themselves from the wild volatility in markets so far this year.
Wall Street analysts have been busy war-gaming just how quickly the Federal Reserve might start shrinking its balance sheet. Now attention is also turning to exactly which parts of the financial system it could suck the most liquidity from as it reverses its pandemic-era stimulus.
Federal Reserve policy makers are poised to signal plans for their first interest rate hike since 2018 and discuss shrinking their bloated balance sheet as they seek to restrain the hottest inflation in nearly 40 years.
Is the stock market setting up for another Major Correction, or worse, a Systemic Crash? This is a very important update for all SRSrocco Report Subscribers. Due to the massive increase of ETFs in the market, investors are not prepared for the possible FIRE SALE EVENT...