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Bank Turmoil Squeezes Borrowers, Raising Fears of a Slowdown, How Bad Could it Get?: NYTApr 11, 2023 - 05:56:26 PDT
The question now is whether banks and other lenders will pull back so much that the U.S. economy crashes into a severe recession.
Federal Reserve Bank of New York President John Williams said on Monday that financial system troubles that drove the central bank to provide large amounts of credit to banks is not collateral damage from the Fed’s aggressive effort to lower inflation.
El-Erian Sounds Recession Alarms & Warns of Stagflation After a Slew of Bank Failures Last MonthApr 11, 2023 - 05:47:19 PDT
"It is a phenomenon that, unlike financial contagion, is not easily countered by policies," El-Erian said of the looming credit crunch.
Bitcoin climbed above $30,000 for the first time since June 2022, bolstered by bets on easier monetary policies that have made cryptocurrencies standout performers this year.
The Stock Market’s Bubble Bust Will Only Be Halfway Over When the Fed Starts Cutting Rates: GranthamApr 11, 2023 - 05:39:41 PDT
"You tell me when the first interest rate cut is, and I will tell you when the second half of the pain is going to start."
Banks and Commercial Real Estate Debt, a Deep Dive: Investors and Government on the Hook for the Majority of CRE DebtApr 11, 2023 - 05:37:45 PDT
Retail CRE debt has been shitty since 2017, and banks managed without collapsing. Now Office turns to crap. Multifamily, the biggie, is following.
California To Front 20% Down Payments With 0% Interest For Homebuyers With Incomes Up To $211,000Apr 11, 2023 - 05:36:23 PDT
California homebuyers making up to $211,000 annually will be able to receive a 20% down payment, and all closing costs, at a 0% interest rate.
Regional Bank Pullback Exposes Widest Spreads In Years on Commercial Mortgage BondsApr 11, 2023 - 05:34:39 PDT
Bonds tied to commercial mortgages are getting punished as money managers fret that US regional bank blowups will cut the availability of credit, but investors including GMO say there are good bargains available to those willing to carefully vet the securities.
Japanese government bond (JGB) yields fell on Tuesday, after the new Bank of Japan (BOJ) Governor Kazuo Ueda vowed to maintain the bank's ultra-loose monetary policy. The 10-year JGB yield fell 1.5 basis points (bps) to 0.445%, its lowest since April 4. The 20-year JGB yield fell 2 bps to 1.035%.
More US small businesses reported having greater difficulty getting a loan in March after multiple bank failures led to a further tightening of credit conditions.
China’s consumer and producer inflation remained muted in March, suggesting more monetary or fiscal stimulus may be needed to strengthen the economy’s recovery.
Britain’s money-supply economists, who emerged from obscurity in the pandemic by correctly anticipating sky-high inflation before anyone else, are sounding the alarm again.
US equity futures struggled for direction as investors braced for inflation data and corporate results that could confirm fears about the health of the financial system.
For the second-straight quarter, earnings at the biggest U.S. companies are about to drop, marking the start of an earnings recession. The question for investors, as always, is whether this recession has already been priced in.
World stocks rallied on Tuesday as traders held onto hope that interest rates will soon peak and fall later this year, even if the latest U.S. jobs data supported the case for a May hike by the Federal Reserve. European stocks added 0.5%, U.S. equity futures pointed to a positive Wall Street open and Japan's blue-chip Nikkei rallied over 1%. Friday's non-farm payrolls ...
For the first time in 10 months, gold flowed into ETFs in March with global gold ETFs recording net inflows of 32 tons, representing an increase of about $1.9 billion.
In a surprise move earlier this month, OPEC announced further oil production cuts of about 1.16 million barrels per day. Analysts projected the cuts could raise the price of oil by $10 per barrel. Peter Schiff recently appeared on NewsMax's Wake Up America and explained why these production cuts will further complicate the Federal Reserve's efforts to fight price inflation, and more broadly, how global moves like this and others undermine the dollar.
TOP SILVER MINING STOCKS UPDATE APR 11th: What Do The Technicals Show & What Are The Best Mining Stocks To ConsiderApril 11, 2023
If you are going to invest in silver mining stocks, it's wise to consider the better-performing companies. In this update, I show which silver mining stocks have outperformed their peers and what is the best strategy when considering buying and selling shares...
As one of the most useful minerals on Earth, gold is favored for its conductivity, inability to tarnish, workability, and of course its good looks. But despite its seeming abundance, might our gold supplies one day run out?
Gold gained 9% in Q1 2023, but see-sawed on bond market volatility. A surge in March to record the highest monthly inflows since 2019, reversed two weak months for global gold ETFs and futures investment