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Costco Stock Slides 6% After Disappointing November Sales Numbers, Removed From Top Picks: MWDec 1, 2022 - 12:20:46 PST
Costco Wholesale Corp. stock undefined tumbled 6% Thursday after an update of November sales with Oppenheimer analysts fretting that the figures showed...
Credit rating firm S&P Global has warned that speculative-grade U.S. and European corporate default rates are likely to double and might even treble next year as rising borrowing costs take their toll.
The extent of the yield curve inversion is historically consistent with almost 500 bps of Fed cuts if the US goes into a recession.
Amid years of scandals, mismanagement, mammoth asset outflows, and the current dilution from a vital capital raise that is under way, Credit Suisse shares have plunged for 13 straight days (the longest losing streak in the bank's history) to a new record low, just a few percent above the price of 2.52 francs for the 4 billion Swiss Franc subscription rights that the bank offered existing investors.
Dec 1, 2022 - 11:38:49 PST
In four of the last six recession, inventories continued to build well into recession. In the other two, inventories peaked just prior to or at the start of recession.
Dec 1, 2022 - 11:34:47 PST
Markets are dismissing inflation risks after Powell signaled rate hikes may slow, and investors aren't pricing in credit and earnings risk, El-Erian said.
Most analysts will tell you that the balance between supply and demand isn’t really a factor that drives the silver price. Historically that’s true—it’s usually investment demand, or lack thereof, that has the biggest impact on price.
Dec 1, 2022 - 10:54:38 PST
Michael Burry has sounded the recession alarm, warning the US economic downturn will probably last several years as he sees no way to end it early...
Fed’s Housing Market ‘Reset’ Has Set Off the Second-Biggest Home Price Correction Since Post-WWIIDec 1, 2022 - 10:48:45 PST
According to the latest Case-Shiller report, U.S. home prices fell another 0.8% in September.
The yearly growth rate of the Consumer Price Index (CPI) fell to 7.7 percent in October from 8.2 percent in September. Note that in October 2021 the yearly growth rate stood at 6.2 percent. Some experts are of the view that it is quite likely that the momentum of the CPI might have peaked.
Employment is an ultimatum game, where playing along might get workers less than employers, but refusing to play gets everyone zero.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Challenging the western monetary system, the Eurasia Economic Union is leading the Global South toward a new common payment system to bypass the US Do
Ronan Manly today shows how the fraudulent FTX cryptocurrency exchange was essentially a fractional-reserve-style banking operation and Ponzi scheme and likens it to the operations of the London Bullion Market Association, whose members have issued far more in gold credits than is available to them in real metal.
Central bankers and international corporate financiers have long been pretending to hate the very concept of cryptocurrencies like Bitcoin and Etherium while at the same time investing heavily in blockchain technologies and infrastructure.
IMF Chief Says US Must Keep Raising Interest Rates Because "They Owe It" To The WorldDec 1, 2022 - 07:38:28 PST
The head of the International Monetary Fund (IMF), Kristalina Georgieva, has cautioned against the Federal Reserve slowing down with its interest rate hikes as it attempts to tame soaring inflation.
Dec 1, 2022 - 07:32:26 PST
Yes, The US Treasury 10Y-2Y yield curve remains inverted, for the 104th straight day. And Bankrate’s 30-year mortgage rate has dropped -57 basis points since November 3, 2022.
"Gloomiest In A Decade" - US Manufacturing Surveys Tumble Into ContractionDec 1, 2022 - 07:28:59 PST
Following ADP's report of job losses in the goods-producing sector of the economy, it is perhaps no surprise that US Manufacturing surveys suggest that part of the economy is contracting.
These Crazy Rallies on Hawkish Fed Plans Are Good Because Crashing Stocks & Seizing Credit Markets Would Cause the Fed to Wobble in its Inflation Crackdown.
Powell put a spotlight on core Personal Consumption Expenditures (PCE) inflation, noting that it is stubbornly high despite the Fed's rate hikes.