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Bear Market Poised To Last Longer Despite Recent Wall Street Rally, Morgan Stanley WarnsAug 15, 2022 - 12:44:23 PDT
Morgan Stanley strategists say relief rally unlikely to last long as inflation rages.
During the bear markets of the past 30 years, inflation pressures were subdued, and therefore, the record money creation of the past 10 years apparently did not cause a visible problem. Inflation lags money creation.
As the advanced economies appear to be stumbling inadvertently into stagflation and possibly worse, diversionary media tactics are rapidly being deployed. Voices are rising warning of the global debt crisis and how it is likely to push poor countries into tragic collapse.
With the recent slowdown in inflation, the Federal Reserve is faced with a conundrum ahead of a plan next month to double the rate at which it is shrinking its massive $8.9 trillion balance sheet.
After more than 40 years of work in the financial markets, studying all the data I could get my hands on, I’ve found it to be universally true that those who argue “history doesn’t matter” have never actually studied history.
Aug 15, 2022 - 11:58:51 PDT
Shipping companies prepared to halt the transport of goods on the Rhine as water levels in Germany’s biggest river neared a critically low point Saturday.
Hello green energy advocates, let's discuss progress in the UK and what it will cost.
Aug 15, 2022 - 11:51:58 PDT
The Wells Fargo/National Association of Homebuilders confidence level declined for the eighth month. Traffic is abysmal.
Aug 15, 2022 - 11:49:49 PDT
The National Association of Realtors says "affordability" dropped to 98.5 in June, the lowest since 1989.
“Housing Recession”: Homebuilders Cut Prices as Traffic of Prospective New-House Buyers PlungesAug 15, 2022 - 11:46:17 PDT
Homebuilder sentiment dives 8th month in a row, their stocks are down 19% to 36% YTD despite blistering summer rally.
The boss of Wall Street banking giant JPMorgan Chase, Jamie Dimon, has warned investors of the likelihood of a downturn in the US economy, saying that “something worse” than a hard recession could be on the horizon.
In a surprise move, China's central bank cut key lending rates on Monday to revive demand as data showed the economy slowed in July, with factory and retail activity impacted by Beijing's zero-COVID policy and a property crisis. "China is the second biggest economy so if there's a material slowdown there and China feels like it has to cut rates, that says something about the strength...
Famous author if the book Rich Dad, Poor Dad, Robert Kiyosaki, has called this executive order “communism in its purest form,” encouraging Americans to “stay awake.”
40% of households not current on their rent say they're likely to be evicted within the next 2 months - about 5.4 million households.
And worse, despite the fact that borrowers aren't repaying their debt, the pause time still counts toward time-based loan forgiveness plans.
Homebuilder Confidence Plummets For 8th Consecutive Month, Worst Slump Since 2007 CrashAug 15, 2022 - 07:45:16 PDT
The headline NAHB market index fell in June from 55 to 49, the eighth straight month of declines marking the worst stretch since the housing market collapsed in 2007, marking the first time since May 2020 that the index fell below the key break-even measure of 50. The reading was not only below consensus of an unchanged 55 print, but was worse than the most pessimistic estimate in the Bloomberg survey of economists.
Aug 15, 2022 - 07:38:41 PDT
The 2020 Covid outbreak led to a massive (and generally awful) reaction. There were economic shutdowns that caused extensive damage (particularly to small firms), but it was the massive overreactio…
Except that the world's most powerful gold traders are really the U.S Treasury Department, the Federal Reserve, and the Bank for International Settlements, for which JPMorgan Chase long has been executing trades.
The markets have now punched above an important resistance level & the bulls are suddenly talking about stocks zooming back to record highs. Is that even possible? There's a battle royal being waged right now between the bulls & bears. Fundamentals are grim and getting worse.
Gold prices slid 1% as the dollar strengthened and as investors turned cautious in the run-up to minutes of the previous U.S. Federal Reserve policy meeting.