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With at least $92 billion of office mortgages maturing this year, landlords are under increasing pressure.
In telling their stories about how the future is bright for stocks, bulls point to solid earnings to justify the optimism. But cracks are forming in that narrative — in the trajectory of profits, and just as worryingly in the makeup of the profits themselves.
David Einhorn Says Investors Should Be ‘Bearish on Stocks and Bullish on Inflation'Mar 1, 2023 - 11:53:03 PST
Greenlight Capital's David Einhorn said Wednesday he's keeping his negative stance on the stock market as inflation and interest rates could shoot higher.
In early January we noted that while the average investor continues to pour money into the equity markets like there’s no tomorrow (aka, a reckoning for the everything bubble), corporate insiders are notably doing just the opposite.
Mar 1, 2023 - 11:45:01 PST
The Federal Reserve is dazed and confused about inflation. As The Federal Reserve reaffirms their draining of the monetary punch bowl, we are seeing investors flock towards the bond market. Particu…
Mike Maloney was recently asked for his opinion on Central Bank Digital Currencies by Daniela Cambone of Stansberry Media. See what Mike has to say, and how gold and silver could provide some much-needed honesty in today's video.
60% Of Americans Live Paycheck to Paycheck, ‘Inflation Is Part of Their Everyday Lives,’ Expert SaysMar 1, 2023 - 08:39:48 PST
As of January, 60% of all U.S. adults, including 45% of high-income earners, were living paycheck to paycheck, according to a new LendingClub report. That's down from 64% a year earlier, suggesting that last year's spending cutbacks have improved some consumers' financial situations.
The state of Oregon is weighing a bill to give homeless and low-income people $1,000 a month in universal basic income.
How Much Longer Before The "Most Aggressive Hiking Cycle In History" Triggers The RecessionMar 1, 2023 - 08:02:58 PST
Everyone knows that monetary policy acts with a lag, but the $64 trillion question - and in the case of global capital markets, literally - is how big said lag is at a time when central banks have engaged in one of the most aggressive hiking cycles in history to stem the runaway inflation spawned by the Helicopter Money unleashed during the covid shock, and not just by the Fed, which in 2022 saw the most rate hikes in a calendar year in history...
Kashkari Says Wage Growth Is Too High, Fed Can't Declare Victory Or There Will Be "Flood Of Exuberance"Mar 1, 2023 - 08:01:39 PST
Speaking at a question-and-answer session in Sioux Falls, South Dakota, Minneapolis Fed President Neel Kashkari, who is a voter on the FOMC in 2023, said that he has not yet decided if he will back accelerating the central bank’s interest-rate increases when officials meet later this month, amid signs inflation is not cooling as hoped, and explained why the Fed will not stop until...
Investors have been slower than a tank of turtles swimming in molasses when it comes to grasping reality, but they may be getting the message on inflation and the Fed’s fight ahead at last.
Gold rose on Wednesday as strong Chinese economic data dented the dollar and drove some bets for better physical demand from the top bullion consumer.
Fed’s Bostic, Kashkari Call For Higher Rates After ‘Concerning’ Inflation, Jobs DataMar 1, 2023 - 07:36:16 PST
Two Fed officials on Wednesday emphasized the central is likely to need a more aggressive increase in interest rates in the coming months to slow inflation.
Mar 1, 2023 - 07:28:33 PST
The horrific environmental disaster in East Palestine, Ohio has contaminated the air, the soil and the water in much of the region. So how much, if any, of the food that is grown in that part of the country will be safe to eat?
Mar 1, 2023 - 07:24:42 PST
Before reviewing the PJM Interconnect February 2023 report, let's take a look at policies and regulations.
The Most Splendid Housing Bubbles in America, February Update: Biggest Price Drops Now...Mar 1, 2023 - 07:17:13 PST
Even in Miami and Tampa, prices down for 5th month in a row.
Mar 1, 2023 - 07:15:37 PST
Today’s mortgage application (demand) numbers from the Mortgage Bankers Association was disappointing to say the least. Mortgage purchase demand just sank to it lowest level since 1995.
S&P Global's US Manufacturing PMI February final printed 47.4, below the flash 47.7, but above January's 46.9. ISM's US Manufacturing February printed , versus expectations of 48.0, from January's 47.4. So, slower growth and re-accelerating inflation - that's not what The Fed ordered!
Mar 1, 2023 - 05:53:31 PST
Roubini urged investors to move away from "traditional" investments like bonds and equities, and to instead invest in inflation hedges, including short-term bonds, inflation indexed bonds, commodities, and precious metals such as gold.
Price growth remains stubbornly high and central bankers worry that pay settlements will keep it that way