Gold has all the potential to go unprecedentedly high. But silver will be gold on
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By restricting private health care choices, the NHS and other beloved single-payer systems were doomed from the start.
There is an element of inevitability in play, but it isn't about central bank bailouts, it's about Death Spirals and the collapse of unsustainable systems.
NY Fed Survey Finds Household Income Expectations Plunge Most On Record As Inflation Seen Extending Drift LowerFeb 13, 2023 - 11:23:10 PST
With long-term inflation expectations (those 3-Years ahead or more) peaking more than a year ago, and even shorter inflation expectations - at least according to the NY Fed Survey of consumers - now sliding after hitting a record high 6.8% in June, we have seen a marked bounce in 2Y breakevens in recent weeks, which after recently hitting the lowest level in 2 years, have risen from 2% to 2.75% largely on the back of expectations for a bounce in commodity prices...
Bond Market a Tad Antsy about Inflation Not Just Vanishing? One-Year Yield Nears 5%. Mortgage Rates Back at 6.5%Feb 13, 2023 - 08:19:37 PST
“The equity market is refusing to accept this reality”: Morgan Stanley.
Feb 13, 2023 - 08:18:32 PST
On Friday, February 10, the BLS quietly revised the CPI higher for four of the past five months, with one month unchanged.
"Housing went into recession, but we have the offsetting lift on the services side, so that has kept the labor market afloat." "But we are going to continue to see weakness roll through the economy. And weather it's declared an official recession, it's almost an academic exercise at this point."
"Persistently higher real rates are required to restore price stability." Given that inflation in the Eurozone is 9.2 percent, "real" rates are -6.7 percent.
After an allegedly strong January jobs report and a Powell speech, let's look at rate hike expectations now vs a month ago.
In the first four months of fiscal year 2023, the budget deficit has more than doubled taking into account shifted expenses.
Biden slush fund money is now looking for a home. A battle is on over who gets to waste it.
Black Knight’s December Mortgage Report is out and the house price graphs show the west is a mess. While much of the US is down from 2022 peaks in home price. but it is The West where home prices are down the most (just like 2008 where the Inland Empire of California, Phoenix and Las Vegas crashed in term of home prices).
Feb 13, 2023 - 08:04:00 PST
The most recent tightening by the Federal Reserve has pushed the federal funds target rate above mortgage-backed securities yields for the first time in history. Though this poses clear challenges …
Feb 13, 2023 - 08:00:58 PST
M2 Money Increased By 200% Since 2007 While M2 Money Velocity Collapsed...
Investors are bracing for key inflation data next week that could worsen the bond-market rout.
U.S. households are burning through the savings buffer that they built up during the COVID-19 pandemic at an alarming pace as high inflation rages.
The U.S. government posted a $39 billion budget deficit for January after a $119 billion monthly surplus a year earlier, as revenues dipped and one-time costs, including the bailout of a union pension fund, pushed outlays sharply higher, the Treasury Department said on Friday.
"Welcome To The Endgame" - Rubino Warns "Everyone's About To Realize There's No Fix For This"Feb 13, 2023 - 07:36:55 PST
Rubino explains, “The debt spiral part of this means things from here continue to get worse and worse for the big currencies of the world until they die..."
Remember National Lampoon’s Vacation? It was a 1983 comedy film in which suburban dad Clark Griswold (Chevy Chase) takes his family on a cross-country road trip to the fabled Walley World amusement park.
There was further evidence this week that loose financial conditions are working their magic. University of Michigan Consumer Sentiment added a stronger-than-expected 1.5 points to January’s strong gain to reach 66.4, the highest reading since January 2022. Current Conditions popped four points higher to a 14-month high 72.6.
Gold prices inched lower as the dollar firmed, although traders held off on big bets as they positioned themselves for key U.S. inflation data this week.