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Corporate credit conditions are worsening, with the last of three key measures now “flashing red,” according to a traffic-light system used by Janus Henderson Investors.
Treasury Secretary Janet Yellen said that while the US financial system remains resilient, the current backdrop has created the conditions where risks to its stability could appear.
Oct 24, 2022 - 10:19:58 PDT
Could a liquidity crisis break out in the bond market? Our "Chart of the Week" raises that question.
Borrowers’ exposure to rising rates heightens risk for managers with less defensive portfolios. Central banks around the world are now battling to fight inflation. The US Federal Reserve pushed up interest rates to their highest levels in almost 15 years at the end of September, while the Bank of England was forced to announce it would “not hesitate” to increase rates further after markets reacted badly to UK plans to cut taxes, many of which have since been reversed.
63% of Americans Are Living Paycheck to Paycheck — Including Nearly Half of Six-Figure EarnersOct 24, 2022 - 08:54:00 PDT
With persistent inflation eating away at wage gains, more Americans are struggling financially. The share living paycheck to paycheck is near a historic high.
Global central banks are scrambling to raise interest rates in order to restrict demand and reduce inflation, but will it work?
Oct 24, 2022 - 08:45:49 PDT
Three weeks before Election Day, Mr. Biden is ordering 15 million more barrels released from the nation’s Strategic Petroleum Reserve (SPR) to reduce gasoline prices.
Oct 24, 2022 - 08:02:26 PDT
The Federal Reserve’s DOTS PLOT shows where each Fed official’s projection for the central bank’s key short-term interest rate is headed. As of the September 21, 2022 Fed Open Market Committee (FOMC) meeting, the prediction of future Fed target rates is decidedly DOWNWARD SLOPING.
Oct 24, 2022 - 07:58:13 PDT
There is big trouble in big China. And the US economy too. China’s Hang Seng stock market index is DOWN -6.36% this morning. On the flippity-flip, the US S&P 500 index is UP over 1% so fa…
25 days later. A real-life horror created by The Federal government. Yes, according to the US Department of Energy, the US has only 25 days of diesel supply left. The diesel crunch comes just weeks ahead of the midterm elections and has the potential to drive up prices for consumers who already view inflation and the economy as a top voting issue. Retail prices have been steadily.,..
Oct 24, 2022 - 07:47:20 PDT
According to MarketWatch, the world’s deepest and most liquid fixed-income market is in big, big trouble.
Oct 24, 2022 - 07:41:52 PDT
Everything is NOT beautiful with the US economy. Another crack in the dam (US economy) is buyer traffic for new homes. They are now down -64% since last year (YoY). Of course, The Federal Reserve is removing its massive monetary stimulus. BUT commercial bank deposits have declined the most since 1973.
Oct 24, 2022 - 07:37:43 PDT
Like virtually everything in Biden’s economy, the price of turkey (often the main staple for Thanksgiving dinner) is way up in price. Turkey prices are UP 73% since last year. The price per p…
"There Is Too Much Debt In The World, So They Must Inflate It Away, Which They WillOct 24, 2022 - 07:27:32 PDT
“They assumed inflation would remain low forever, expectations too. That TIPS hedge inflation. Tech outperforms. It turns out these things are not always true.”
Sunday night's FX market open saw another 'interventionesque' surge in the yen relative to the dollar as Friday's 6 handle surge and purge rebounded. However, 12 hours later this latest attempt to manipulate markets has already been erased.
Global Recession: The Economic Pressure Keeps Building and One Wrong Move Could Send Things TumblingOct 24, 2022 - 05:29:25 PDT
Inflation has gripped the globe, tightening like a boa constrictor. Make the wrong move and it'll be the end of you...
Fears of a Severe Recession Deepen As European Business Activity Slows on Surging Energy CostsOct 24, 2022 - 05:28:20 PDT
European firms have been under pressure due to higher inflation, particularly coming from energy costs and wage pressures.
Housing bubbles are a tricky phenomenon. As a market gathers steam and prices increase, it remains a matter of debate whether that market is overvalued and flooded with speculation, or it’s simply experiencing robust demand.
The Most Splendid Housing Bubbles in Canada, October Update: Prices Plunge at Fastest Pace on RecordOct 24, 2022 - 05:23:28 PDT
As the Bank of Canada’s rate hikes and QT goose mortgage rates, some practically funny price spikes are getting unwound very fast.
Oct 24, 2022 - 05:21:19 PDT
The Fed is hiking at an unprecedented rate. Mortgage rates have been following the 10-year rate up.