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Looming corporate tax hikes spur demand for leveraged loans.
Emerging markets haven’t looked so exposed to climbing U.S. yields for almost half a decade.
"Federal spending is out of control. Politicians know it and they know that they can’t stop it. A day of reckoning is coming. Politicians hope that we’ll keep pointing fingers at the rich so we don’t notice who the real culprits are."
The vast majority of market participants are about as ready for a semi-random "volatility event" as the dinosaurs were for the meteor strike that doomed them to oblivion.
This memory was brought to my mind after reading that an Exchange Traded Fund (ETF) has just been launched which seeks to benefit specifically from deflationary conditions. As far as we know, it is the first deflation-focused ETF pertaining to the U.S. economy.
IMF Board To Grill Investigators, Georgieva on Data-Rigging Claims This WeekOct 4, 2021 - 11:41:28 PDT
The International Monetary Fund's executive board will intensify its probe of Managing Director Kristalina Georgieva this week by separately interviewing her and investigators who said she pressured World Bank staff to alter data to favor China, people with knowledge of the meetings said. The board will question lawyers from the WilmerHale firm on Monday...
U.S. Jobs Aren’t Coming Back Quickly, Even As Millions Lose Unemployment Benefits: MWOct 4, 2021 - 11:38:33 PDT
At least 6.5 million people were cut off from federal unemployment benefits in September, but don't expect most of them to rush back into the U.S. labor force looking for work.
Surging inflation this year could be creating a new pricing psychology where both businesses and consumers are getting used to rising prices, Federal Reserve Bank of St. Louis President James Bullard said, creating risks in 2022.“I am concerned about the changing mentality I would say around prices in the economy and the relative freedom that...
The postal service is trying to get its fiscal house in order. It's also alienating large shippers of first-class mail.
Dems Aim To Pass Infrastructure, Social Spending Bills by the End of October, Schumer SaysOct 4, 2021 - 11:25:55 PDT
Democrats are trying to craft a plan to invest in the social safety net after they delayed a vote on the bipartisan infrastructure bill.
Biden Pushes Congress To Raise Debt Limit This Week, Urging GOP To ‘Just Get Out of the Way’Oct 4, 2021 - 11:24:03 PDT
Biden slammed the GOP for adding trillions to the U.S. debt during the Trump administration and now refusing to raise the debt ceiling to pay for it.
Warren Slams "Atrocious" Fed Insider Trading, Asks SEC To Investigate If Trades Were "Illegal"Oct 4, 2021 - 11:19:06 PDT
There is no justifiable ethics or financial rationale for him or any other government official to be involved in these questionable market machinations while having access to nonpublic information and authority over...
Oct 4, 2021 - 09:14:08 PDT
Yes, the Atlanta Fed’s GDPNow Q3 tracker slumped to 2.3% despite the massive stimulus coming from The Federal Reserve and the Biden Administration. Down from 13.7% GDP growth as of 5/5/2021.
My “Wealth Effect Monitor” for the Money-Printer Economy: Holy Moly, October UpdateOct 4, 2021 - 09:11:26 PDT
The bottom 50% need not apply. They just get to eat the soaring costs of housing. How the Fed totally blew out the already gigantic wealth disparity during the pandemic.
Oct 4, 2021 - 08:57:30 PDT
[The stream is slated to start at 11:15 a.m. ET. Please refresh the page if you do not see a player above at that time.] President Joe Biden will on Monday press lawmakers to raise or suspend the U.S. borrowing limit as the nation hurtles toward its first-ever default which would cause major economic turmoil.
The U.S. is moving closer to its first-ever default, with neither political party in Washington yet signaling it’s ready to back down from a partisan showdown on the federal debt limit.
Democrats Weigh Cutting Programs or Reducing Scope to Trim $3.5 Trillion Bill: WSJOct 4, 2021 - 08:35:53 PDT
Difficult decisions loom as the Democrats seek to unite after President Biden said the legislation’s spending has to be scaled back.
Some indexes that strip away price changes due to idiosyncratic swings in supply and demand show inflation running ahead of the Fed’s 2% target.
Supply chain bottlenecks are squeezing businesses big and small. One expert explains why it's so hard to iron out the major kinks affecting global trade.
Recently, the prices for beef, pork and poultry have all increased far more than other kinds of food, accounting for as much as half of price inflation at grocery stores.