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French inflation quickened to the fastest since the euro was introduced, raising pressure on President Emmanuel Macron and the European Central Bank to do more to contain the shock for firms and households.
Adjusted for inflation, disposable incomes dropped 0.2% in the first three months of the year, the Office for National Statistics said Thursday. That’s the fourth straight quarter of decline -- the longest run since records began in 1955.
Base metals headed for the worst quarterly slump since the 2008 global financial crisis as China’s economy recovered only gradually and fears of a world recession intensified.
A Housing Market Crash Could Hit These 20 Cities the Hardest: Moody's AnalyticsJun 30, 2022 - 05:50:07 PDT
Moody's Analytics economists expect prices to eventually decline in these metropolitan areas that now have the most overvalued homes.
Higher mortgage rates are finally carving out early signs of a cooling housing market.
The number of Americans filing for jobless benefits for the first time was 231k last week (down very modestly from an upwardly revised 233k) leaving the 4-week average at the highest since January 2022.
The Federal Reserve will not let the economy slip into a "higher inflation regime" even if it means raising interest rates to levels that put growth at risk, Fed Chair Jerome Powell said on Wednesday in remarks emphasizing the U.S. central bank's do-whatever-it-takes approach to tempering future price hikes.
GLOBAL Markets Sink on Fears for Global Economy, Capping Worst H1 on RecordJun 30, 2022 - 05:32:12 PDT
Stocks sank on Thursday to extend what is the worst first half of a year for global share prices on record, as investors fret that the latest show of central bank determination to tame inflation will slow economies rapidly. Central bank chiefs from the U.S. Federal Reserve, the European Central Bank and the Bank...
A U.S. recession over the next 12 months is "probably more likely than not", PIMCO's global chief investment officer for fixed income Andrew Balls said on Thursday.
The Economy Still Isn’t Ready for the Big Rate Hikes Ahead, Wells Fargo CEO SaysJun 30, 2022 - 05:27:50 PDT
Wells Fargo CEO Charles Scharf said he is betting on "more significant rate hikes" as the Federal Reserve looks to try to rein in high inflation.
US stock futures tumbled Thursday morning, with the major averages on track to post steep declines for the month of June and first half of 2022 as concerns over heightened inflation and the prospects of a recession weighed on risk assets.
Money Supply Growth Slows Enough to Pop Everything Bubble; Not Enough to Cure InflationJune 30, 2022
According to the seasonally adjusted data, M2 increased by $23B in May. Except for the contraction last month (the first contraction in 12 years), it was the smallest monthly increase in M2 since the start of COVID.
Well-known investment advisor Rick Rule said the Fed will chicken out on its inflation fight.Rule runs Rule Investment Media and formerly served as the president and CEO of Sprott US Holdings Inc. In a recent interview, Rule said that the Fed could get inflation under control with significantly tighter monetary policy for a sustained period of time. But he said he doesn't think the central bank has the wherewithal to follow through when the economy starts to crash.
The Reserve Bank of Zimbabwe plans to issue gold coins as a way for investors in the country to store value as inflation runs rampant in the economy.The United States isn't the only country battling rapidly rising prices. The inflation rate in Zimbabwe spiked from 132% in May to 191.6% in June, and the Zimbabwean currency is quickly devaluing against other global currencies, particularly the US dollar.Enter gold.
Six years ago, I wrote an article titled 'Grasshopper Nation', warning about how poorly prepared Americans are for retirement. Sadly, the data has only gotten worse since then. I’ll deliver the punchline here first, and then get into the underlying data:
IMPORTANT MID-WEEK UPDATE JUNE 30th: Falling Energy Inflation In The USA While The Opposite Takes Place In Europe & AsiaJune 30, 2022
With the crazy market behavior today, I thought it would be a good idea to provide a quick update. As noted by the mainstream press, the stock markets are experiencing the worst first half since 1962... LOL, and it's only going to get worse. Also, while we are seeing disinflation of energy in the U.S., the opposite is taking place in Europe and Asia...
Stocks, Bonds & Cryptos Have All Seen Big Falls, but Gold Remains Doing What It’s Supposed To DoJun 29, 2022 - 13:01:09 PDT
Stocks, bonds and cryptocurrencies have all seen big falls this year. But gold remains at its one-year average. It may be dull, but it’s doing what it’s supposed to do, says Dominic Frisby. Preserving its value – and your capital.
RESERVE Bank of Zimbabwe (RBZ) says it will be introducing gold coins as part of measures to ensure investors and the general public have alternative means to preserve value, cushioning them from the negative impact of resurgent inflation in the economy.
With a recession looming over the average American, the group to blame is pretty obvious, this group being the central bankers at the Federal Reserve, who inflate the supply of currency in the system, that currency being the dollar.
When insiders all decide to sell significant numbers of shares and they do so all at once, it's hard to see more than one very obvious reason to explain it.