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Lettuce at $8? Inflation in Australia Is Hurting Everyone From Restaurant Owners to DinersOct 6, 2022 - 08:16:33 PDT
Like many countries, Australia is battling record-high cost-of-living. Annual inflation in August surged to 6.8% from just under 2% before the pandemic.
According to Milton Friedman, Inflation Is the HIGHEST Hidden Tax the Public Will Ever PayOct 6, 2022 - 07:59:41 PDT
With each passing day, Americans are paying for the Fed’s printing press FRENZY. Take a listen:
Oct 6, 2022 - 07:48:09 PDT
Moscow has made it clear that it will use all weapons systems at its disposal to defend against attacks on territories it claims as its own, which could include nuclear weapons. Depending on if and how that happens and what kind of day all the relevant decision makers are having when it does, there is a distinct possibility that a chain of events could follow which leads to the end of the world.
US Buying $290M Worth Of Anti-Radiation Drugs for Use In "Nuclear Emergency"Oct 6, 2022 - 07:47:10 PDT
The Biden regime is buying up $290 million in anti-radiation drugs for use in "nuclear emergencies" amid escalating tensions with Russia and heightened threats of a nuclear war.
His administration has expanded deficits by $400 billion more than expected, even before we count recent spending.
Global maritime trade growth is slowing in a sign that the global economic slowdown is underway.
Oil prices will rise again to $100 per barrel faster than previously estimated, Morgan Stanley said on Thursday, lifting its price forecast for the first quarter of 2023 to $100 from $95 per barrel.
Oct 6, 2022 - 07:30:43 PDT
Mortgage payments have climbed to a record high—sidelining buyers and already pushing prices down in some major markets.
The outflows were the largest that the $4.1 trillion hedge fund industry had seen since the start of the coronavirus pandemic in the first quarter of 2020. Meanwhile, a surge in U.K. government bond yields hit British pension funds, forcing some to seek emergency funds from the companies for which they manage money. Returns fell 8.82% in North American-focused hedge funds...
Both fundamentals and technicals point to a more prolonged decline than we have seen in the stock market so far.
Oct 6, 2022 - 06:53:06 PDT
Much unexpected in this corner, the GDPNow forecast for third-quarter GDP rise today.
You can tune into CNBC and get a wide range of advice on markets. Instead, you might be better served following real yields.
The cycle starts again, and real interest rates fall further. Policies to stimulate the economy in the short term, such as low interest rates or debt-financed fiscal stimulus, lead to even more debt, meaning lower rates and worse recessions in future.
The world's central bankers are caught up in a race to curb inflation that only the Federal Reserve can stop. The U.S. central bank has embarked on its most aggressive policy tightening cycle for four decades, raising interest rates by 3 percentage points since January to slow runaway inflation. That has left policymakers elsewhere with a tough choice: keep up with the Fed...
After Q2's significant weakening in the labor market (surging jobless claims), the last two months have seen seasonally-adjusted initial claims data revert optimistically lower. However, the last week saw claims increase from a revised lower 190k to 219k, which upticked the 4-week average for the first time in 8 weeks...
Oct 6, 2022 - 05:42:39 PDT
The cost of living crisis meets a cost of borrowing crisis, leaving the British Pound exposed to deeper losses against the Euro and Dollar say economists.
Dollar’s Blistering Rally To Extend Into Next Year: FX Analysts in Reuters PollOct 6, 2022 - 05:40:39 PDT
The unstoppable dollar, which is already having a banner year, is likely to extend its dominance beyond 2022, according to a Reuters poll of foreign exchange strategists who said the currency was still some distance from an inflection point.
Global foreign-currency reserves are falling at the fastest pace on record, as central banks from India to the Czech Republic intervene to support their currencies.
The latest bout of global financial volatility has heightened concerns about regulators’ continuing failure to resolve liquidity problems with US Treasuries -- the debt that serves as a benchmark for the world.
Fed’s Reverse Repo Use Just Hit a Fresh Record of $2.4 Trillion, a ‘Bad Sign’ for the MarketOct 6, 2022 - 05:27:30 PDT
The Fed parks excess cash reserves from banks in the Overnight Reverse Repurchase Facility. A reverse repo, or RRP, helps the central bank conduct monetary policy by selling securities to counterparties to be bought back for a higher price later on — essentially working as a short-term loan.