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The British public's expectations for inflation over the next year jumped to the highest since 2008 this month, bank Citi said on Tuesday, something the Bank of England will note as it meets to decide whether to raise interest rates next week.
Oct 26, 2021 - 06:51:45 PDT
Between The Federal Reserve’s unorthodox monetary policy and insane spending from Congress and Biden Administration, we are seeing a near 20% rise in home prices for August.
The Federal Budget Deficit for September 2021 was $61.5B which was down from the $171B in August. Even though the deficit fell 64% MoM, it was driven primarily by receipts. Spending was up 18.7% MoM but Receipts were up 71.2% driven by a surge in Corporate and Individual taxes.
Former Federal Reserve Chairman Alan Greenspan said he sees a sustained threat of markedly higher inflation. While some of the forces pushing up prices are likely to prove transitory, rising government debt and other underlying pressures could keep inflation elevated on a longer-term basis, he said.
The Bank of Japan is set to maintain its massive stimulus program on Thursday and slash this year's inflation forecast in a sign it has no intention to follow other central banks eyeing exits from crisis-mode policies.
Larry Summers Takes Inflation Debate With Janet Yellen to Twitter: BloombergOct 26, 2021 - 05:43:01 PDT
Larry Summers, responding to Treasury Secretary Janet Yellen’s comments on CNN yesterday, took the debate about the risks of inflation to Twitter, where he said that the gap between Treasury and Federal Reserve comments and the experiences of businesses and consumers has increased in recent months.
Inflation Is the ‘Biggest Risk to the Market’: Northern Trust Wealth Management CIOOct 26, 2021 - 05:37:54 PDT
As supply chain bottlenecks persist, investors are preparing for backlogs to continue into next year, and that’s fueling concerns of even higher inflation.
Inflation Expectations Hit New Seven-Year High, Shooting Past ECB TargetOct 26, 2021 - 05:28:35 PDT
Euro zone inflation expectations among bond investors hit a new seven-year high of 2.0509% on Tuesday, shooting past the European Central Bank's target on the back of soaring oil prices and supply chain crunches around the world. This adds to several months of high inflation readings in the euro zone and beyond, leading to speculation that the ECB’s...
European Central Bank officials have some convincing to do about their commitment to rock-bottom interest rates, at a time when investors are growing skeptical.
A growing number of major investment banks are turning bullish on oil in the medium to long term. A lack of investment is leading to supply deficits as demand rebounds to pre-COVID levels. Rebounding consumption and tight supply could push oil prices even higher.
“We’re going to end up with a real shortage of energy,” Blackstone Inc. co-founder Stephen Schwarzman said as the fifth edition of the Future Investment Initiative got under way in Riyadh on Tuesday. “It’s just going to cost more and it’s probably going to cost a lot more. And when that happens you’re going to get very unhappy people around the world...
The bond market’s age-old measure of growth is flashing an ominous warning as the world’s central banks move closer to boosting interest rates from near record lows.
Stock futures steadied near record levels as investors awaited another hefty set of earnings and economic data.
The recovery in the Indian gold market remained on track in September with strong imports and investment demand.India imported 89.5 tons of gold in September, according to the latest data from the World Gold Council. While that was down 21% from the five-month high we saw in August, it was still far above the import totals in September 2020 as the response to COVID-19 ravaged the Indian economy. It was also significantly above import totals in September 2019 — prior to the coronavirus pandemic.
When talking heads and politicians talk about inflation, they tend to make distinctions between "food inflation," or "energy inflation," or "wage inflation." In this clip from his podcast, Peter Schiff explains that this isn't the right way to look at inflation. In fact, there's only one type of inflation. And the Federal Reserve is the source of it.
U.S. PUBLIC DEBT NEARS $29 TRILLION: Can The U.S. Government Continue To Pay The Interest Expense?October 26, 2021
In just a bit more than a week, the U.S. Government added nearly another HALF-TRILLION in public debt. Of course, this was due to the "temporary" lifting of the debt ceiling by the honorable members in the Senate. However, with adding nearly $500 billion of new debt, the price tag for servicing that debt is...
TRADE UPDATE: We Covered Our ConocoPhillips & Continental Resources Short PositionsOctober 26, 2021
We decided to cover both our ConocoPhilips and Continental Resources short positions due to several reasons. We were counting on a quicker correction of the energy stocks along with the oil price. However, not only has the oil price moved higher, so has the broader markets. Fortunately, we did not lose any money...
Gold prices rose about 1% on Monday, as a retreat in U.S. bond yields and persisting worries about inflation lifted the safe-haven asset ahead of major central bank meetings this week.
The COT report shows futures positions and changes made by hedge funds across commodities, forex and financials up until last Tuesday, October 19. A week where risk appetite returned with a vengeance to send the S&P 500 higher and the VIX index down to near a 20-month low. The dollar weakened against a basket of major currencies while bond...
These secular bear market in the US Dollar lasts usually 6-8 years. The bull market likely ended early 2020. The $CRB has started a secular bull market..