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Bank of England’s Bailey Warns Global Economic Outlook Has ‘Deteriorated Materially'Jul 5, 2022 - 12:40:11 PDT
The governor of the Bank of England said Tuesday that the global economic outlook has "deteriorated materially" and warned of possible further shocks to come.
Biden and his administration are vandals. They do not act in the U.S.’s best interests having subordinated public policy to foreign powers.
"No batter always gets on base but America, nay the world, has a high-quality pinch hitter that it benched a century ago: the Gold Standard. It’s not perfect but it is far better, and fairer, than the Fed."
A growing number of home sellers have been forced to readjust their home prices in recent weeks. According to Redfin, an estimated 6.1% of homes for sale during the four weeks leading to June 19, asked for a price drop – a record high as far back as the data goes, through the start of 2015.
Bonds Flash Recession Warning Light as Key Part of the Yield Curve Inverts AgainJul 5, 2022 - 12:13:04 PDT
The bond market is flashing a warning that the economy may be falling or already has fallen into recession, according to one closely watched measure.
Our national index rose by 1.3 percent over the course of June, consistent with last month’s increase. So far this year, rents are growing more slowly than they did in 2021, but faster than they did in the years immediately preceding the pandemic.
It’s easy to see why, according to a new Harris poll, 71 percent of Americans said they do not want Joe Biden to run for re-election. As Americans face record gas prices and the highest inflation in 40 years, President Biden admits he could not care less. His Administration is committed to fight a proxy war with Russia through Ukraine and Americans just need to suck it up.
In the coming months, oil markets are finally going to discover if OPEC has enough spare capacity to avoid a supply crisis and halt a major oil price rally
As Ukraine continues to lose ground in the east, its leaders are inexplicably demanding three-quarters of a trillion dollars to "reconstruct" areas controlled by Russia. Once widely considered the most corrupt country in Europe, Western leaders have already dumped in billions with zero oversight. Will they keep writing checks? Also today, Saudis laugh at Biden's request for more oil. And...JP Morgan warns of $380/barrel oil.
How much more did your July 4th food supplies cost this year? Just how much value has the dollar lost? Which countries are cooking up a plan to compete with the US dollar as a world reserve currency? And most importantly….what can you do to protect yourself?
While everyone is focused on inflation, it is becoming increasingly clear that we’re on the cusp of deflation in everything but necessities.
China on Track for ‘Contagious Crash’ Within Weeks - Threat of Deflation for Whole WorldJul 5, 2022 - 09:19:42 PDT
CHINA is heading for a dangerous deflation that will dramatically impact the rest of the world.
Q: "I am a bank and I make loans. Whose money am I lending?"
A: Nobody's
You are creating new money. Lending creates money out of nothing, and that money is deposited somewhere, creating deposits.
Jul 5, 2022 - 09:12:29 PDT
A reader on Twitter asked for an update on Reverse Repo operations by the Fed. Let's take a look.
Americans' confidence in most major U.S. institutions has fallen in the past year, and confidence collectively is at a new low in Gallup's trend.
Jul 5, 2022 - 09:02:40 PDT
Saudi Arabia on Monday announced it was providing 20 billion riyal (US$5.3 billion) directly to citizens in a bid to mitigate the impacts of inflation and rising prices.
Too many Americans are blithely dismissing threats that could prove cataclysmic.
"Markets Are Exiting Artificial Regime" That Fed Supported For Far Too Long: El-ErianJul 5, 2022 - 08:43:36 PDT
The pain may not be over for investors, but genuine value is being restored, government bonds are mitigating risk again, and the chief risks aren’t derailing the system’s functioning.
My favorite chart for explaining the surge in inflation is M1 Money Stock around the Covid outbreak in early 2020. Which has NOT been removed.
Jul 5, 2022 - 08:36:59 PDT
Its Ted Day! TED refers to the difference between the three-month Treasury bill and the three-month LIBOR based in U.S. dollars, a measure of fear in the market. The 3-month TED spread is rising aw…