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Japan Inflation Seen Persisting, Export Slowdown to Push up Trade DeficitApr 14, 2023 - 05:33:27 PDT
Japan's core consumer inflation likely held steady in March, a Reuters poll of 19 economists showed, highlighting persistent price strains and keeping the central bank under pressure to shift away from stimulus. Speculation is rife that the Bank of Japan (BOJ) may tweak its bond yield control, or ditch it altogether, sooner or later under new Bank of Japan...
Morgan Stanley’s Us Stock Chief Sees More Than 20% Downside Coming for the S&P 500Apr 14, 2023 - 05:31:24 PDT
Mike Wilson reiterated his base-case scenario for the S&P 500 to end the year at 3,900, but along the way it will hit a trough at 3,000-3,300.
Offices Across America Must Be Torn Down, Says Investor Who Won Big in 2008Apr 14, 2023 - 05:29:12 PDT
Kyle Bass has some advice for real estate investors: Tear it down.
Apr 14, 2023 - 05:26:47 PDT
Complaints about surging prices at Costco stores are piling up on social media.
Global Bond Markets Fear Billions Will Vanish If Japan's Titans Race for ExitApr 14, 2023 - 05:25:18 PDT
Investors worried about the Bank of Japan’s threat to global markets have a chance to hear from those on the front lines in coming weeks.
BlackRock Inc.’s assets swelled to $9.09 trillion in the first quarter as stock and bond markets rallied and depositors sought cover following the collapse of several US banks.
Banking Crisis Forces ECB Policymakers to Rethink Rate Hikes, but Focus Still Firmly on InflationApr 14, 2023 - 05:23:46 PDT
Central bankers are weighing last month's banking crisis, the inflation outlook and recession risks as they reconsider future rate hikes.
IMF Says Latin America Needs Prolonged High Interest Rates to Tame Stubborn InflationApr 14, 2023 - 05:20:14 PDT
Latin American economies will probably need high interest rates for much of this year, or even into 2024, to tame stubborn inflation, according to the International Monetary Fund.
IMF Calls Risks From Bank Crisis ‘Contained,’ Urges Central Banks Focus On InflationApr 14, 2023 - 05:19:15 PDT
Attendees of the IMF/World Bank spring meetings in Washington are more worried about inflation than the banking system.
US stock futures were flat in yet another listless overnight session after Thursday’s bear-vexing rally as traders braced for a slew of earnings from major banks like JPMorgan Chase and Citigroup Inc. Contracts on the S&P 500 dipped 0.1% by 7:45am ET largely as a result of a big drop in Boeing shares, partially offset by solid JPM gains following stellar earnings...
With the CPI coming in slightly cooler than expected and producer prices unexpectedly falling, a lot of people think the Fed pivot is now in play and we will soon see an end to monetary tightening. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the possibility of a pivot, market reaction, and most importantly, the possible ramifications.
ENERGY CLIFF... EUROPE'S NEXT ENERGY CRISIS: Low Natgas Prices & Surpluses Turning Back Into High Prices & ShortagesApril 14, 2023
All the Stars aligned nicely for Europe this winter and early spring to survive an even worse energy crisis this year. So, what for 2023 and into the coming winter? Good question. If we look at the natgas market, don't count on higher natgas prices yet, unless we have some sort of exogenous event..
Along with evidence of a softening job market from last week, the result bolstered bets that the Federal Reserve will start cutting interest rates by the third quarter, lifting demand for non-interest-bearing precious metal investments.
Gold’s next key target is the prior trend high of 2,070 from March 2022, but good chance it breaks higher.
Apr 13, 2023 - 12:49:01 PDT
We’re not living the American dream. We’re living a financial nightmare. The U.S. government is funding its existence with a credit card. The government—and that includes the current administration—is spending money it doesn’t have on programs it can’t afford, and “we the taxpayers” are the ones being forced to foot the bill for the government’s fiscal insanity.
As we know, Silicon Valley Bank (SVB) was taken over by the Feds after a bank run. Despite assurances from SVB that they were sound, they obviously failed to understand their precarious situation. Based on SVB’s balance sheet, it was technically insolvent.
The World War Boom and '46 Bust: Why War Does Not Keep Us Out of RecessionsApr 13, 2023 - 11:58:21 PDT
When I took my high school’s twentieth-century world history class, both the teacher and workbooks claimed repeatedly that World War II took us out of the Great Depression. Why would anyone question this? After all, unemployment went down.
The Pentagon will begin simulating a nuclear war, according to a Department of Defense press release. The war games come as the Bulletin of the Atomic Scientists warns a civilization-ending war is closer than at any time in history.
Apr 13, 2023 - 11:47:18 PDT
President Emmanuel Macron upped the retirement age from 62 to 64 and placed further restrictions on collecting a full pension. He did this unilaterally, by decree. Under the French constitution, the president can enact laws without a vote in Parliament if he can survive a vote of no confidence.
Billionaire Elon Musk warned of a difficult slog for the U.S. economy over the next year after recent turmoil within the banking system reignited fears over an imminent recession.