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The inflation fears that have clobbered short- and intermediate-term U.S. Treasury notes this month could spell trouble for credit markets, according to Bank of America Corp. strategists.
If The Fed Were To Actually Fight Inflation, It Would Harm The Financial Markets And Trigger A Fresh Recession That Our Fiscal And Monetary Policies Aren’t Capable Of Addressing. We Don’t Think Our Leaders Are Prepared To Take Responsibility For Doing So.
Oct 20, 2021 - 09:36:57 PDT
The idea appears unlikely to move forward but shows the extent of internal administration concern over the issue.
This comes at a time when US ports are backlogged -- primarily because there are few trucks and drivers to pick up cargo -- creating a supply chain slowdown. Biden directed the Ports of Los Angeles and Long Beach to move to 24/7 operations. However, the ports can’t yet work round the clock because importers don’t have enough drivers to move their cargo...
Experts warn shoppers can expect to find record out of stocks as they scan retail websites and may face prolonged shipping delays.
Panic Ordering by Retailers Is Making the Supply Chain Crisis ‘Even Worse’Oct 20, 2021 - 09:15:46 PDT
Retailers and manufacturers are overordering or placing orders too early as they panic over the supply chain crisis, and that's not helping, experts told CNBC.
Confident consumers have swallowed higher supermarket prices so far this year, but the risk of indigestion is growing. For companies that make staple goods, asking for more money is delicate.
Inflation exceeded the Bank of Canada’s control range for a sixth straight month, worsened by supply chain bottlenecks that are proving stubbornly persistent.
Weekly Mortgage Demand Drops Over 6% After Interest Rates Move Even HigherOct 20, 2021 - 07:36:38 PDT
Climbing mortgage interest rates caused another drop in mortgage demand for both refinances and home purchases.
Paul Tudor Jones Says Inflation Could Be Worse Than Feared, Biggest Threat to Markets and SocietyOct 20, 2021 - 07:25:04 PDT
Billionaire hedge fund manager Paul Tudor Jones believes that inflation is here to stay, posing a major threat to the markets and the economy.
Democrats “Are Going To Go After Ordinary People” With Massive Spending Bill: Rand PaulOct 20, 2021 - 07:05:46 PDT
Paul continued, “The other lie is that this won’t affect anyone over $400,000.” “If you look at the sifting through our bank accounts and either at $600 level or even a higher dollar level when the IRS goes through all of their bank accounts; All that comes in, all that comes out. 75% of that money is on people making less than $100,000 per year,” Paul explained.
Big Money Managers Hoard Cash, Dump Bonds As Inflation Fears Mount: Cash Levels Hit 12-Month HighOct 20, 2021 - 06:51:45 PDT
Investors looking for contrarian plays should sell the U.S. and technology to protect against a "rate shock," and those worried about a "growth shock" should position long bonds, utilities, staples and short banks, energy and commodities, according to the survey.
As governments shut down the economy in response to COVID-19 and the Federal Reserve put money printing into hyperdrive, we warned that it was a recipe for stagflation. Today, it looks like stagnation is here.Stagflation is an economic environment with rapidly rising prices, a weak labor market, and low GDP growth. It's looking more and more like we have all three elements.
MBA Economist Says Inflation Not Transitory: Projects Several Years of High Inflation RatesOct 20, 2021 - 05:58:50 PDT
Inflation is rising at its highest rate in more than a decade, a trend that one economist believes could continue for the next several years.
Gold and bonds are both considered to be safe havens. But in a recent podcast, Peter explained why bonds are not a safe haven in an inflationary environment. In fact, bonds - including US Treasuries - are risk assets when inflation is running hot. If you want safety from inflation, you need to buy gold.
Gold Futures Poised for Back-to-Back Gains, Despite Treasury Yield’s Rise: MWOct 20, 2021 - 05:33:56 PDT
Gold rose for a second day following commentary from a Federal Reserve official that played down the possibility of imminent rate hikes. A weaker dollar can make assets priced in the currency more attractive for buyers using other currencies. Lackluster U.S. housing data on Tuesday was blamed for contributing to weakness in the greenback a day ago.
Compared with the rest of the world’s central banks, the market’s timetable for when the Federal Reserve will start raising interest rates looks positively subdued. Most others, with the exception of the European Central Bank, are expected to move at a far speedier pace.
“We hope for the similar impressive growth in 2022,” Igor Marich, managing director for sales and business development at the exchange, said in an interview. “The Russian gold market has long been purely banking. We want it to be a marketplace for everyone.”
Inflation pressures won’t peak until mid-2022 at the earliest, and much later, if monetary accommodation persists, warns Deutsche Bank's Alan Ruskin. Blame the Fed, not supply-chain issues.
China’s central bank set the reference rate for the yuan at a weaker-than-expected level as the currency’s surge threatens to derail growth in the world’s second-largest economy. It also boosted short-term liquidity. The PBOC boosted the injection of short-term cash to 100 billion yuan ($15.6 billion), after adding 10 billion yuan per day in the past nine sessions.