Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Mar 8, 2023 - 07:55:35 PST
According to Attom Data, New York City leads the nation in zombie forceclosures. A zombie foreclosure refers to a situation where a homeowner vacates their property after receiving a notice of defa…
Mar 8, 2023 - 07:54:04 PST
Mortgage applications increased 6.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 3, 2…
Mar 8, 2023 - 07:49:46 PST
Slippin’ into darkness! The US Treasury 10Y-2Y yield curve, that is. At the same time that the 10Y-2Y yield curve inverts to -108 basis points, Bankrate’s 30-year mortgage rate has rise…
The big question facing the Fed is whether they should increase the Fed Funds rate by 25bps or 50bps on March 22, 2023. If Jerome Powell cared for our advice, we would tell him to take the opposite approach of President Theodore Roosevelt. Speak loudly because your stick isn’t that big anymore.
Choose one, and only one: a stock market that inflates and pops in an endless series of ever-more destructive bubbles, or a real economy that is no longer in thrall to the engines of wealth inequality and speculative frenzy.
Mar 8, 2023 - 06:14:32 PST
Federal Reserve Chairman Jerome Powell speaks Wednesday morning to the House Financial Services Committee on the semiannual monetary policy report.
Mar 8, 2023 - 06:13:43 PST
Billionaire investor Jeffrey Gundlach said the Federal Reserve is "very likely" to hike interest rates by 50 basis points at its next meeting.
After tumbling last month to its lowest in two years (blamed on weather), ADP's employment report was expected to show a rebound in Feb, adding 200k jobs. The actual print was even higher at +242k (with January's revised up to +119k).
Prabhudas Lilladher Group Chairperson and MD Amisha Vora believes the best way to navigate the markets is with asset allocation across debt, gold and equities. She speaks with Haslinda Amin and Rishaad Salamat on "Bloomberg Markets: Asia".
Total to exceed $835 billion, up from the current $816 billion Officials call it one of the largest peacetime defense budgets
Just a few weeks ago, China and the U.S. were tiptoeing toward a rapprochement. Now, any fence-mending has been postponed.
France's nationwide strike against a planned pension reform, which disrupted train services, shut schools and halted fuel deliveries, will spill into Wednesday as unions seek to force a government retreat on the deeply unpopular policy.
Japan logged its largest current account deficit ever in January as a combination of global slowdown and China's Lunar New Year holidays undermined the country's ability to earn from trade. The trade balance, a part of the current account, also hit a record deficit. The current account deficit, at 1.98 trillion yen ($14.43 billion), was more than double a median market...
68% of Americans Couldn’t Cover Their Living Expenses for Even a Month if They Lost Their Job: MWMar 8, 2023 - 05:45:26 PST
Recession — and layoff — fears loom large over many households. Nearly half of U.S. adults feel the country is already in a recession, a Morning Consult report found. Economists say the chance of a recession in the next 12 months is somewhere around 61%, according to a recent Wall Street Journal survey; while economists in a separate Bloomberg poll said it was more like a 70%.
Millennials Are Sinking Under the Weight of Their Debts, Adding $3.8 Trillion Last QuarterMar 8, 2023 - 05:42:05 PST
Their demographic alone amassed nearly $4 trillion in debt in the fourth quarter of 2022, according to the Wall Street Journal's analysis of Federal Reserve Bank of New York data. This marks a 27% rise from late 2019 — the biggest jump of any age group — and it’s the fastest they’ve ever accumulated debt since the 2008 financial crisis.
The specter of peak oil that haunted global energy markets during the first decade of the 21st century is once again rearing its head.
How Powell’s Surprise Rate Signal May Rip Through Asia Stocks, CurrenciesMar 8, 2023 - 05:33:27 PST
Asian assets face selling pressure after Federal Reserve Chair Jerome Powell jolted investors with unexpectedly aggressive comments on the outlook for higher interest rates.
All of a sudden, the prospect of US rates hitting 6% is becoming real enough for investors to rethink their strategies.
Investors Bet on Europe’s Inflation Matching US in Echo of Financial CrisisMar 8, 2023 - 05:30:17 PST
For the first time since the global financial crisis, investors are betting long-term inflation in the euro area will match that of the US, underscoring the dramatic shift in the outlook for Europe recently.
Bond traders boosted bets that the Federal Reserve may re-accelerate the pace of rate increases at the policy meeting later this month, after central bank head Jerome Powell said he’s ready for faster monetary tightening if economic data justifies it.