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National Association of Home Builders CEO Jerry Howard warned on "Varney & Co." Monday of "a tough time" ahead for the industry as data revealed the housing market has been slowing down.
The housing market index has missed Econoday's consensus every report so far this year including June's 2-point loss to 67. July's consensus is 66. Only the temporary Covid-related plunge was worse. This won't be temporary.
The market is betting on recession and subsequent Fed pivot. A sound bet… but there is one flawed assumption. Dec 22 and Mar 23 Eurodollar futures have inverted.
The United States Does Not Have an Economy Paul Craig Roberts The US financial sector has long looted other countries. A number of participants have
Jul 18, 2022 - 11:16:05 PDT
Very good article on a very worrying (but predictable) trend: "LGFVs are finding it difficult to borrow from banks and institutional bond investors, and are increasingly being forced to offer retail investors high interest rates to raise cash."
The $28.4 billion Financial Select Sector SPDR Fund (ticker XLF) has seen outflows for 16 straight weeks, the longest such streak in its 23-year history, according to data compiled by Bloomberg. Almost $11 billion has been wiped away in that span, shrinking the fund’s total assets by roughly 28%.
Sri Lanka’s Previous Government Was ‘Covering up Facts’ About Financial CrisisJul 18, 2022 - 10:27:53 PDT
ri Lanka's acting President Ranil Wickremesinghe has said the country's previous administration was "covering up facts" about its crippling financial crisis.
Gold rebounded from last week’s 11-month low, supported by a weakening dollar as traders pare back expectations of aggressive Federal Reserve interest-rate hikes.
Jim Reid notes that Q2 US earnings and all things European will be at the forefront of market attention this week with the highlight being the ECB’s likely first rate hike since 2011 on Thursday, while gas flows from Russia after maintenance on the Nord Stream pipeline ends the same day will also be a big focus with the EU expected to detail energy contingency plans the day before. We’ll also get a decision from the BoJ on Thursday too. Global preliminary July PMIs for the US, Japan and key European economies will come out on Friday.
Global debt is soaring and many investors are piling into new assets like bitcoin as a result, but physical gold may still be the best way for investors to protect their wealth...
As equity markets rally on easing rate-hike concerns, Goldman Sachs Group Inc.’s chief global equity strategist said it’s premature to bet the pressure is reducing on the Federal Reserve to tighten monetary policy.Most Read from BloombergThis Could Be the Start of a Dollar ‘Doom Loop’ Like No OtherA Goldman Legend, Crypto Star and Top Banker Warn of Next Big...
The United Kingdom just took a big step toward initiating a slave-style social credit score. This “score” will be tied to your central bank digital currency and you won’t be allowed to use your own money if you say the wrong things on social media.
Jul 18, 2022 - 08:32:59 PDT
All over the world supplies of food are getting tighter and tighter, and the stage is being set for a historic global food crisis.
What Freight Volume & Freight Rates Say the Shift of Consumer Spending from Goods Back to ServicesJul 18, 2022 - 08:30:31 PDT
Freight volume is down from the red-hot levels last year, but remains relatively high, after the grotesquely overstimulated demand last year.
"Saudi Arabia is not the only country to buy oil from Russia. There are many other countries buying Russian oil and selling their own at a higher price to EU countries."
Jul 18, 2022 - 08:26:21 PDT
Once again, Democrats and Republicans unite to waste more taxpayer money above and beyond requested amounts.
Nancy Pelosi Urges Support Of $50 Billion 'CHIPS' Bill Hours After Disclosing $8 Million Nvidia StakeJul 18, 2022 - 08:19:23 PDT
This past week it hit the terminal that House Speaker Pelosi was doing a little portfolio re-jiggering, including exercising $8 million of call options in Nvidia and selling Apple and Visa calls. The data was per CongressTrading.com and was reported on by Bloomberg.
Jul 18, 2022 - 08:17:44 PDT
Klaus Schwab tells World Government Summit, "History is truly at a turning point," with 4IR, economic instability & conflict between global powers.
The U.S. State Department has approved the potential sale of military technical assistance to Taiwan worth an estimated $108 million, the Pentagon said on Friday.
It’s beyond me why the Consumer Price Index (CPI) garners so much attention from the press, but the statistical release the following day barely makes a dent in the news cycle. That’s the Producer Price Index (PPI).