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ISM Manufacturing Unexpectedly Slides In September; New Orders, Jobs ShrinkOct 3, 2022 - 07:14:43 PDT
Expectations were mixed ahead of this morning's Manufacturing sector survey data (ISM expected lower, PMI expected higher), but both were only marginal shifts at best amid rising macro surprise data.
Oct 3, 2022 - 07:12:17 PDT
New CEO Koerner sought to reassure employees in Friday memo Shares fall to a fresh record low, gauge of credit risk rises It is like the Lehman Brothers debacle in 2008 all over again. (Bloomberg) …
Oct 3, 2022 - 07:08:00 PDT
My 401k is Livin’ in Biden’s Paradise. The percentage of NYSE stocks closing above the 200 day moving average has collapsed to 13.48% as The Fed tightens to fight Bidenflation. Bollinge…
We are living in an inverted (bond) world! 19 nations now have inverted 10yr-2yr yield curves. And housing inventory for sale growth is soaring out West and in Tennessee? At least Ohio is seeing a …
Surprisingly, the professed "Deflationist" is actually bullish on gold, noting that precious metals will outperform most asset classes!
Gold prices rose on Monday as a softer dollar rekindled some of bullion's appeal for overseas buyers, although the prospects of sharp interest rate hikes by the U.S. Federal Reserve and other major central banks capped further gains.
'We anticipate we will continue to see an upward trend in people using gold as loan collateral in the coming months.' said Jim Tannahill.
‘The Fed Is Breaking Things’ – Here’s What Has Wall Street on Edge As Risks Rise Around the WorldOct 3, 2022 - 05:46:42 PDT
The Fed's efforts to tame inflation are rippling around the world, with potentially unforeseen consequences for investors.
The U.S. and its NATO allies are urgently grappling with a question that once seemed to have faded along with the Cold War: Will Moscow go nuclear?
Oct 3, 2022 - 05:43:14 PDT
I have noted in the past that criminals tend to brag about their criminality when they believe there’s nothing anyone can do about it. Frankly, in their narcissism many of them can’t help but revel in the moment and let everyone know how “superior” they are to the rest of us. We witnessed many moments like this from elitists within globalists institutions the past couple of years at the height of the pandemic pandemonium.
The UK’s rapid descent from stability to crisis is threatening to expose the fragility of global efforts to crush inflation, raising the specter of chaos spreading across financial markets.Volatility has surged to the highest level since March 2020 across currency and bond markets. Bank of America’s global cross-asset market risk indicator also jumped to a level not seen since the start...
China’s September New Home Prices Fall for Third Straight Month, Private Survey ShowsOct 3, 2022 - 05:41:16 PDT
New home prices in China fell for the third straight month in September as a mortgage boycott across the country and a slowing economy discouraged potential home buyers, a private survey showed on Saturday.
The pound briefly jumped on Monday on news Britain would reverse plans to cut the highest rate of income tax, one contentious part of a package of financial measures that last month sent sterling and British government bonds tumbling. "It is clear that the abolition of the 45p tax rate has become a distraction from our overriding mission to tackle the challenges facing our country,"
Credit Suisse Group AG’s gauge of credit risk rose to a record high while its stock hit a fresh low, adding to the turmoil after the bank’s attempts to reassure markets on its financial stability backfired.
Home prices in the US have taken a turn and are now posting the biggest monthly declines since 2009. Most Read from BloombergCredit Suisse Turmoil Deepens With Record Stock, CDS LevelsTesla Slumps as Deliveries Disappoint Due to Logistic SnarlsOPEC+ to Consider Output Cut of More Than 1 Million BarrelsUkraine Latest: Zelenskiy Says Lyman ‘Fully Cleared’ of ...
"Treasury Market Breakdown Is At Risk": Fed Markets Guru Has A Scary Warning For PowellOct 3, 2022 - 05:29:18 PDT
Well, it finally happened: what we've been warning for the past year, namely that the Fed's aggressive rate hikes will break something...
Stock Market: 2022 Is Exposing ‘Freaky Post-QE Financial System Plumbing,’ BofA SaysOct 3, 2022 - 05:28:01 PDT
The global research team at BofA Securities, led by Michael Hartnett, has navigated the curveballs thrown by 2022 far better than most.
Americans have been laboring under the burden of inflation for well over a year. Mises Institute President Jeff Deist argues that inflation is an intentional policy and should be considered "state-sponsored terrorism."In this Metal Exchange interview, host Mike Maharrey talks with Jeff about this assertion.
Managed Money continues to hammer the price of gold lower as the Net Short position increased to -43k contracts.Please note: the CoTs report was published on 9/30/2022 for the period ending 9/27/2022. “Managed Money” and “Hedge Funds” are used interchangeably.
Central banks globally added to their net gold holdings for the fifth consecutive month in August, according to the latest data released by the World Gold Council.On net, central banks added 20 more tons of gold to their reserves. Three banks drove buying in August and there were no notable sellers.