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Changes in secular investment cycles can be financially devastating or wildly profitable - and this can be true on both ends of the cycles. As developed in the educational videos, stocks and gold have over the long term been contracyclical..
UK Government Pursues Digital Pound While Bank CEOs Restrict Bitcoin AccessFeb 9, 2023 - 07:42:03 PST
The Bank of England and the UK Treasury have released a consultation paper outlining their case for a retail central bank digital currency (CBDC) or “digital pound.”
Despite continued rate rises from the US Federal Reserve, gold prices are recovering as other central banks around the world buy-up the precious metal and investors foresee softer rate hikes.
Initial and Continuing jobless claims rose last week (from 183k to 196k and from 1.65mm to 1.688mm respectively), although the trend of initial claims continues to trend down despite the layoffs...
The federal budget deficit is widening rapidly, according to the latest estimates by the Congressional Budget Office, raising the risk of the Treasury running out of cash earlier than expected amid a debt-ceiling standoff.
‘Big Short’ Investor Michael Burry Compares Stock Market to Dotcom Bubble in a Cryptic TweetFeb 9, 2023 - 06:05:24 PST
“This time is different,” Burry tweeted Tuesday, including a chart that showed the roughly 40% stock market drop—and multiple bear market rallies—that occurred during the dotcom bubble.
Deutsche Bank Says There’s a 90% Chance of Recession. But the S&P 500 Can Get To 5,000: MWFeb 9, 2023 - 06:02:32 PST
It says that while there’s evidence inflation has peaked, it’s still well above central-bank targets and likely to be persistent, and neither the Federal Reserve nor the European Central Bank will tolerate it. Historically, once inflation spikes above 8%, it takes two years to fall beneath 6%, according to strategists Marion Laboure, Cassidy Ainsworth-Grace and Jim Reid. The fallout from Fed tightening is still to be felt.
Stocks have rallied in the face of worsening earnings and economic expectations, producing “massive disconnects” that threaten market stability, warned Lisa Shalett at Morgan Stanley Wealth Management.
This year’s surge in technology stocks has been especially pronounced in the riskiest corners of the market, suggesting to some skeptics the potential for a swift reversal.
A future Bank of Japan (BOJ) interest rate hike could affect the country's sovereign debt rating if firms struggle to absorb rising funding costs, an official at S&P Global Ratings said on Thursday. Higher borrowing costs could also lead to a downturn in long-term economic growth, S&P said. Japanese bond yields have crept up on market expectations the BOJ will phase out its yield...
Stress tests need to account for credit facilities being “drawn to the limit”, says Stanford’s Duffie.
Credit Suisse Group AG reported a fifth consecutive quarterly loss and said rich customers withdrew around $100 billion in the fourth quarter, signs that the beleaguered lender has yet to turn the corner. The Swiss bank is trying to recover from scandals and financial losses with a sweeping overhaul. It wants to focus on wealth management and is breaking up its investment bank.
JPMorgan Chase & Co. cut hundreds of mortgage employees this week, adding to job losses across the industry as home-lending businesses continue to be hurt by elevated interest rates.
Is the latest confusion around the Debt Ceiling causing your head to hurt? Join Mike Maloney as he breaks it down and makes it as easy to understand as possible from his ranch in Puerto Rico.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the Federal Reserve may need to lift its benchmark interest rate above 5%, Reuters reported, after a slew of central bank officials stressed the need to keep hiking.
Sweden's currency strengthened after its central bank surprised the market with an initiative to sell government bonds. The Riksbank's plan to shrink its balance sheet by actively selling down bond holdings puts it **among the most aggressive central banks in embracing quantitative tightening**, or QT. The Bank of England is doing similar.
Mexico and Peru are forecast to extend their biggest-ever series of interest rate rises on Thursday as they struggle to contain a rebound in price gains.
(Bloomberg) -- Chile’s consumer prices rose well above forecast in January as the costs of food and beverages jumped, strengthening the central bank’s argument that it’s still too early to consider cuts to borrowing costs. Swap rates jumped.
The Riksbank raised borrowing costs by half a percentage point, pledged to start bond sales and declared it wants a stronger krona, as its new governor set out his inflation-fighting credentials.
Some traders in India’s bond market are betting that the central bank may have actually reached the peak of its rate hikes, even as the monetary authority sounded hawkish in its policy.