Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Private Debt Markets Face Reality Check as Companies Grapple With Rising Rates, RecessionDec 20, 2022 - 05:47:59 PST
Stellar growth in private debt markets over the past decade looks set to face a reality check as a looming recession and higher interest rates squeeze companies' earnings and their ability to service borrowing costs.
Bankers Not Expecting Quick Recovery as IPO Volumes Plunge to Lowest Level Since 2008Dec 20, 2022 - 05:45:08 PST
Investment bankers are bracing for another tough year ahead after losing out on lucrative fees from arranging stock sales, as the market for initial public offerings plummeted to its lowest level since the financial crisis of 2008. With questions swirling around monetary policy and the prospect of a looming recession,...
After the dismal homebuilder sentiment data earlier in the week, it is no surprise that analysts expected a drop in both housing starts and building permits for November (the latest data) and they were right. While Housing Starts fell 0.5% MoM (better than the 1.8% drop expected) - as incentives dominated inventory liquidation, forward-looking building permits collapsed 11.2% MoM (vs -2.1% exp). That is the biggest MoM drop since the peak of the COVID lockdowns...
Buyers and sellers hesitate even as median home prices slowed to their first single-digit increase in almost a year.
Six months after the Fed's Quantitative Tightening started, the Fed's balance sheet has shrunk by just over $400 billion, less than 10% of its massive expansion in the post-covid era when it nearly doubled in just days $4 trillion to $7 trillion, and then grew another $2 trillion over the next year.
‘Bond King’ Bill Gross: The Fed May Have Already Reached Its Optimal Interest RateDec 20, 2022 - 05:25:18 PST
The man who revolutionized the bond market says the Fed should pay more attention to the mountains of debt circulating in the U.S.
Krispy Kreme CEO: Robots Will Start Frosting and Filling Doughnuts ‘Within the Next 18 Months’Dec 20, 2022 - 05:23:37 PST
"Probably within the next 18 months, you'll see some automation starting to go into the frosting, the filling, the sprinkles, and even the packaging," Krispy Kreme CEO Mike Tattersfield told Yahoo Finance Live (video above).
U.S. stock futures slumped ahead of the open Tuesday as pessimism permeated Wall Street following four straight days of losses for the major equity indexes.
Dec 19, 2022 - 13:06:14 PST
Money managers loaded up on metals during a week that saw the dollar hit a fresh cycle low after another weaker-than-expected CPI surprise. The net long in both gold and silver jumped by 50%, the platinum long rose 19% while copper held steady.
Dec 19, 2022 - 13:04:17 PST
While the central bank gold buying typically happens behind the scenes, the recent record-high purchases created a stir in the market and raises the question of whether central banks know more.
The Federal Open Market Committee (FOMC) voted unanimously to hike by another 50 bps. Economists at HSBC still expect a final 50 bps rate hike by the Fed in early 2023 but do not expect rate cuts until 2024. They look for USD weakness during 2023.
Whether we examine the projections of Wall Street analysts, or the pricing behavior of options traders, investors seem to have ruled out tail-risk - the risk of extreme market losses. Both of have historically behaved as contrary indicators.
Politicians aren’t ready as signs point to budget trouble ahead.
The first world war was a kind of cultural suicide that destroyed Europe’s eminence. Europe’s leaders sleepwalked – in the phrase of historian Christopher Clark – into a conflict which none of them would have entered had they foreseen the world at war’s end in 1918.
Dec 19, 2022 - 12:27:47 PST
THE US military is “drained, strained and shrinking” while China shows ambition and Vladimir Putin threatens nuclear war, an expert has warned. Brandon J Weichert exclusively told The U.S. Su…
US has put itself and Russia ‘on brink of direct clash’ – Moscow
But, the nation’s recent soccer glory comes at a time when inflation is ravaging Argentina’s economy. With its economy mired in one of the worst downturns in Latin America, Argentina’s traditionally high rate of inflation rate tops 70%.
"Where did all this inflation come from? Supply-side issues are a problem, but in terms of magnitudes, it just doesn’t make sense to call them the chief contributor." ~ Alexander William Salter
Japan next year will consider revising its decade-old blueprint for fighting deflation, sources said, as financial markets bet that a weak yen and rising consumer prices will force the central bank to finally drop its ultra-loose monetary policy.
For Landlords, Rising Housing Costs Make It Harder to Earn Passive Income: WSJDec 19, 2022 - 12:06:14 PST
Higher mortgage rates and inflation change the risks and rewards of investing in rental properties.