Gold has all the potential to go unprecedentedly high. But silver will be gold on
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While US neocons and mainstream media continue to inexplicably blame Russia for blowing up its own pipeline, US officials continue to signal their motive and the benefit they see from the sabotage. On Friday, US Secretary of State Tony Blinken said at a press conference that blowing up the pipeline presented a "tremendous opportunity" to finally end Europe's dependence on Russian energy imports. Also today: Guess who's personal fortune doubled during Covid?
The Fed, itself, may not survive the blame it will receive. In fact, we can only hope it doesn’t!
The bank risks getting caught in a doom loop as worries flood into a strategic vacuum while investors wait for a new turnaround plan. Management needs to act quickly to break the cycle.
Last week Congress passed a continuing resolution and then adjourned until after the election. When Congress reconvenes, it will almost certainly pass a multi-billion dollars aid package for those impacted by Hurricane Ian. This spending will likely be labeled “emergency,” so Congress members will not even have to pretend they are offsetting the new spending with cuts in other, lower priority programs.
The global financial crisis of 2008 was supposed to have taught the world the dangers of excessive debt. But borrowing has shot up since then. The debt of governments, companies and households was 195% of global GDP in 2007, according to the International Monetary Fund. By the end of 2020 it had reached 256%.
Judge Gary Klausner admits that the FBI probably hid their true motives in rifling through the contents of hundreds of safe deposit boxes, but says that's fine.
Can the government turn $80 billion into $204 billion? Probably not.
Michael J. Wilson, one of Wall Street’s biggest equity bears, says that while the Federal Reserve’s dovish pivot is becoming more likely amid falling money supply, this doesn’t remove the risk of a sharp contraction in earnings.
Oct 3, 2022 - 08:20:48 PDT
s I frequently told my investment and fixed-income securities students at Chicago, Ohio State and George Mason University, any 10 basis point change in the US Treasury 10-year yield is significant. But how about today’s 20 basis point decline in the US Treasury 10-year yield?
"As little sense as it makes to pay people not to work. Now our central bank is paying banks not to lend..."
According to the Black Knight Home Price Index (HPI), median home prices fell 0.98% in August, only marginally better than July’s upwardly revised 1.05% monthly decline.
Big Tech Stocks Plunge with Spooky Parallels to Dotcom Bust: -25% to -66% from Highs so FarOct 3, 2022 - 08:03:31 PDT
But the market is due for a bounce, according to the WOLF STREET dictum that “Nothing Goes to Heck in a Straight Line.”
To support their currencies, foreign central banks are selling US treasuries at a strong pace.
As the global energy supply squeeze continues, the United States may finally begin to feel some of the squeeze...
Oil surged in early Asian trading after delegates said OPEC+ was considering cutting output by more than 1 million barrels a day when the group meets this week to stem a slide in prices.
Oct 3, 2022 - 07:48:31 PDT
California leads the nation in top gasoline prices, over double Texas, Mississippi, and Louisiana.
Governments and companies around the world are facing unprecedented costs to refinance bonds, a burden that’s set to deepen fissures in debt markets and expose more vulnerabilities among weaker borrowers. Most Read from BloombergCredit Suisse Turmoil Deepens With Record Stock, CDS LevelsTesla Slumps as Deliveries Disappoint Due to Shipping Snarls...
The disaster in Britain’s outlined profit pensions market final week was like a replay of the 2008 banking disaster — simply with totally different acronyms. It was brought on by a blow-up of LDIs — or liability-driven funding methods, an enormous £1.5tn nook of the monetary markets that most individuals had by no means even heard of. Half a dozen classes from 2008 haven’t been learnt.
Global factory output mostly weakened in September as slowing demand added to the pain from persistent cost pressures and tighter monetary policy, surveys showed on Monday, diminishing economic recovery prospects.
As mortgage rates hit a 15-year high and individual buyers back away, builders look to unload both planned and completed homes.